Colleges/universities with over 2000 students nearest to Bothell West: Notable location: Snohomish County Fire Protection District 1 Hilltop Station 22 (A). Churches in Bothell West include: New Life Fellowship (A), Crystal Springs Church (B), Saint James Lutheran Church (C).
Floor plan financing is a type of short-term loan that is paid off in 30 to 90 days, the time it normally takes to sell a car. A typical new car costs a dealer about $5 to $10 in interest per day. So if a car sits on the lot for 30 days, the dealer will be charged $150 - $300 in interest payments. This is why dealers want to sell cars as quickly as possible - to reduce their financing costs and increase profits.
The typical profit on the sale price of a new car is less than $1000 (after the dealershipâs costs are subtracted from the sale price) but dealerships often count on several thousand dollars of profit from the sale of a trade-in. So how do car dealers make money this way? From a customerâs perspective, used cars are trickier to buy than new cars. New cars come on a level playing field, with its entire brief past spelled out on the window sticker and every detail available with a few minutes of online research.