September 15, 2020
Car Buying Guide
The House Edge: How Dealerships Use Information Asymmetry to Mislead Their Customers – A guide to car buying part 4 of 9
Used auto sales is a rigged business. Dealerships aren’t designed to let customers choose the product they want, they’re designed to get customers to buy whatever car happens to be on the lot. To make that happen, dealers rely on a group of advantages that combine information asymmetry, pure mathematics, and human error. It’s the exact same strategy used by casinos.








