Study Finds Overpayment for Used Cars Just Below Round Mileage
A recent study revealed that used car dealers profit by pricing vehicles with mileage just below round-number thresholds higher. Researchers analyzed millions of transactions and found that buyers focus on the leftmost digit of mileage, often ignoring minor differences. This left-digit bias allows dealers to charge more for cars that seem to offer better value due to their mileage appearing lower.
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