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Oh, and good luck. I'd definately pursue the car if it is one you are interested in, it is possibly a decent car at a very, very good price.
Like I said above, the dealer can always just wholesale out it's trade-ins, and that's what happens to the vast majority of trade ins, but once you get over 100,000 miles on a car, it's difficult for them to get a high value from a wholesaler. The mileage will kill them. Given the volume of cars wholesalers take in and auction off, pricing is a very rough cut. Normally, they buy cars in bunches, this car would show up just as a number on a list of dozens of cars, all they'd look at is the year and the mileage and a low number stuck in the price column. There's no PPI done, no real detailed inspection at all, so on high mileage, the worst case scenario is factored into the price. I wouldn't be surprised if all they'd get wholesale was $18K, maybe even less.
So they may be trying to just blow it out, and still make a few thousand. It could definately be a good opportunity. But only a detailed PPI of the car would tell.
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