Dealerships depend on a buyer’s ignorance so that they can mark up your prices. Holdback is money paid to the dealer for about 2-3% of MSRP. The factory gives this money to the dealer when the car is sold. This is the profit of the dealer for selling the vehicle. Most dealers will tell you that it costs them money so that they can charge you for it later. Basically, they can get the money twice. Avoid this dealer scam by letting the dealer know that you know better and will not pay it.
OFFICE ADDRESS
The Law Offices of Hovanes Margarian
13425 Ventura Blvd.
Suite 303
Sherman Oaks
CA 91423
818.990.0418
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