Yesterday, the out-of-luck owners on the Chrysler dealership closing list were told they have a limited time to get rid of their inventory. I'm curious: is anyone tempted to buy a vehicle from one of these dealers, because clearly with the need to move product, there could be a lot of room to bargain and negotiate.
As business reporter Andrea Walker wrote:
Dealers get loans to purchase cars from the manufacturer, Andrea says, so if they don't make the sales and if Chrysler doesn't have to buy them back, they are in a tight situation.
Then again, you might wonder about the fate of your rebates and other incentives if you've already bought a car from one of these endangered dealers. Consumer Reports offered advice last month about bankrupt car dealerships and other potential problems.
UPDATED: Here's an Los Angeles Times primer on how warranties and rebates would be affected by Chrysler, GM dealership closings. According to them ...
(Photo: Lloyd Fox/Baltimore Sun)
... prices have already been slashed, so dealers might not have much more room to cut. Also:
