Jeffersonville, OH | Bhrfarms - 9/13/2024 08:31
During normal times in the machinery business, something that has never made sense to me is selling equipment cheaper for a cash only deal vs a trade in deal. With a trade in deal they should make even more money selling the traded in unit vs with cash, they are only making money on the 1 machine. To me, taking a machine on trade would allow another 10-20% of profit for the deal vs just selling the machine for cash. I get that there is overhead/interest costs to having machines sitting on the lot, but that is obviously accounted for in the allowance of the traded in machine.
Or 10-20% loss by the time you sell it, or if it gets traded with an undisclosed issue, you get to fix it on your dime.
Trades have risk...but they have benefits as well.
Chris |
Dealerships
