I look to buy a new car with good fuel economy, and looking at Honda City (brand new or little used).
I saw ads on PW selling brand new City for less than list price (about 16K less than official list price). The cars are STILL in the showroom and will be picked up from the showroom.
I called the contact person in one ad and asked why the hell they are selling at below the list price? The person told me that he is an investor and that he is looking to move his investment to upcoming Civic. He also told me that the registration needs to be completed soon after the invoice date, otherwise there is a registration penalty. He said that the car he is selling at lower price has few days left before the registration penalty is applied.
Where is the best place other than PW to ask if there is something I should be careful about? I mean the car is coming out of showroom, it's brand new and cost 16K less. Why would someone pay full amount? What is the catch?
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