"John and Veronica have purchased Cadillac's for decades.
Veronica currently owns a 2008 Cadillac, and traded-in a 2001 Cadillac.
April 6, 2016 - John, age 87, purchases a 2009 Toyota Camry, SE for $11,595.
August 4, 2016 - John, dies.
August 23, 2016, we took the Toyota Camry in and got an offer to purchase the same used car from Kuni motors for $7,000 after their inspection.
Purchase Date: 04/06/2016 Owned for: 4 months 17 days.
Odometer at Purchase: 64,377 Odometer at Offer: 67027
Miles driven: 2,650
Purchase Price: $ 11,595. Gross Profit: $ 5,000. assuming $6,500 "cash value"
Kuni Used car offer: $ 7,000. Kelly Blue Book "Cash Price": $ 6,200.
Loss in 4.5 months: - $ 4,595. - 40%
Kuni already made $ 5,000 from the 1st sale to John.
They will make another $ 4,000 selling the same used car.
------------------
Kuni should buy the car back for at least $9,000.
They will have made a profit of $2,595.
When they sell the car again for $11,595, they will make another $2,595.
Needless to say, we will never purchase another vehicle from Kuni, and are telling all of our friends and bridge club members about the terrible way we were treated.
"