Shift Gears: Breaking Auto News
Some car retailers offer “no-haggle costs,” “certified” used cars, and extended service plans or warranties. There are varied theories as to how the market determines the costs of used cars bought by private parties, especially relative to new cars. One theory means that new car sellers are capable of put more effort into selling a car, and may therefore stimulate stronger demand. Another concept means that house owners of problematic cars (“lemons”) usually tend to want to sell their cars than house owners of perfectly functioning autos. Therefore, somebody buying a used car bears the next risk of shopping for…
