Quote:
Originally Posted by Bob Denman
No matter how well we THINK that we know this game: they know it better!
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The main advantage I see to them inflating the value of trade-in rigs while not discounting the new one as much as its true market value is that on paper it appears you have a greater down payment, making it easier to qualify new loan.
For them it’s not as much a game as just smart business to gain buyers even if they are more upside down the minute they drive new rig off the lot.