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re: Using the Will Cover method for car buying
Posted on 6/26/14 at 3:49 pm to Will Cover
Posted on 6/26/14 at 3:49 pm to Will Cover
quote:
Nicely played and well done!
Will, talk me out of negotiating an extended warranty on the deal I am going to help with this weekend...
Also, convince me to cancel the extended on my car that I bought 2 months ago and get a refund.
1
Posted on 6/26/14 at 4:28 pm to Lsut81
The reason why I am against them is because most extended warranties are overpriced.
Take the money that you would normally fork over for an extended warranty and put it aside in a "separate emergency fund" for repairs.
Also, if you're buying certified used, I believe an extended warranty isn't necessary as often times the used certified car warranty is better than a new car warranty.
- Clark Howard
Take the money that you would normally fork over for an extended warranty and put it aside in a "separate emergency fund" for repairs.
Also, if you're buying certified used, I believe an extended warranty isn't necessary as often times the used certified car warranty is better than a new car warranty.
quote:
55% of people who bought an extended warranty never used it. Of the 45% who did use it, on average, they spent more on the warranty than it paid for repairs.
- Clark Howard
Posted on 6/26/14 at 4:51 pm to Will Cover
quote:
55% of people who bought an extended warranty never used it. Of the 45% who did use it, on average, they spent more on the warranty than it paid for repairs.
Thats the kind of stats I was looking for
Posted on 6/26/14 at 5:45 pm to sneakytiger
quote:
Where exactly do you get that info?
I got it the first time because I bought a vehicle through an employee program. I kept the paperwork and take it with me to the dealership to let them know that I know about these costs.
When I bought my Camry last month, I took it with me, showed it to the dealer and he showed me the same paperwork on the vehicle I was looking at. Kept that copy too.
Posted on 6/27/14 at 9:28 am to kywildcatfanone
The holdback was available online - kbb/edmunds/truecar I don't remember exactly which. I have a friend in the biz & called him with the VIN & he looked it up to confirm & found out how long it had been on the lot. Neither of those facts did much other than confirm to the dealer that I was serious and had done my homework.
Posted on 6/27/14 at 9:33 am to ConfusedHawgInMO
I don't want to get into too much detail, but thoughts on what to hold out for today? She fricked up by telling the salesperson she was very interested int he car.
08' w/ 48k miles... Certified (Its one of the big luxury Manufactuers)
KBB shows value between 19,700 - 21,400.
They've had the vehicle on the lot for over 30 days
Was listed at 19,900 and took it down to 18,900 two days ago
It has red leather, which is the reason I think it isn't selling... Most people don't like, but some do...
I'm thinking 20k including TT&L
Thoughts?
08' w/ 48k miles... Certified (Its one of the big luxury Manufactuers)
KBB shows value between 19,700 - 21,400.
They've had the vehicle on the lot for over 30 days
Was listed at 19,900 and took it down to 18,900 two days ago
It has red leather, which is the reason I think it isn't selling... Most people don't like, but some do...
I'm thinking 20k including TT&L
Thoughts?
Posted on 6/27/14 at 3:04 pm to Lsut81
quote:
Sometimes the hassel isnt worth it, especially for a "mini" $100
Minis only 100?? Want a job??
Posted on 6/27/14 at 3:11 pm to 756
I was told today I was not allowed to make money on a deal because we were all rich and didn't need it.
I think it is forgotten that Dealerships are actually a business. Forgive us for trying to make money. How dare we.
I think it is forgotten that Dealerships are actually a business. Forgive us for trying to make money. How dare we.
Posted on 6/27/14 at 3:13 pm to Coach Guidry
quote:
Coach Guidry
Can you read my last post, 2 above this and give me some quick insight? About to head to the dealer.
Posted on 6/27/14 at 3:20 pm to Lsut81
looking now..
Posted on 6/27/14 at 3:21 pm to Coach Guidry
Whats the make?
Posted on 6/27/14 at 3:26 pm to Coach Guidry
quote:
Whats the make?
Audi TT
Posted on 6/27/14 at 3:43 pm to Lsut81
18,450 would be ideal, but that price is not terrible.
See if they will do 18, then come back with 18300.
See if they will do 18, then come back with 18300.
Posted on 6/27/14 at 4:28 pm to Coach Guidry
We're in the market for a 2012-2013 infiniti qx56. Is the deluxe touring option really worth the expense? Also, most dealers around Baton Rouge seem to not be willing to work much with their listed price...What's a good price for a 2013 qx56 with deluxe touring and say a tech package with about 29,000 miles?
Posted on 6/28/14 at 7:04 am to cmlsu
Ended up being one hell of a clusterfrick, but in the end, used a few of the Will Cover methods and ended up getting a decent price 
Posted on 6/28/14 at 7:58 am to Coach Guidry
quote:
I was told today I was not allowed to make money on a deal because we were all rich and didn't need it.
I think it is forgotten that Dealerships are actually a business. Forgive us for trying to make money. How dare we.
Coach, just curious. If a person comes in to buy a vehicle and says "I will pay $500 over dealer cost", what is your response?
I'm sure it's based on popularity of vehicle, how quickly they move in general, but is that a "fair" offer? Would you do a deal quickly on a slow moving vehicle in a scenario like that, or one you have a bunch on the lot?
Posted on 6/28/14 at 8:31 am to kywildcatfanone
No dealership is going to stay in business making $500 a vehicle.
Posted on 6/28/14 at 9:08 am to yellowfin
quote:
No dealership is going to stay in business making $500 a vehicle.
What about saying upfront I'll give you four percent over invoice/wholesale price.
Posted on 6/28/14 at 9:17 am to yellowfin
quote:
No dealership is going to stay in business making $500 a vehicle.
Correct me if I'm wrong, but dealerships don't make their real money on individual sales, it is on the bonuses they get for selling X amount of cars a month
I could have sworn a few years back that I was told by a family friend who was mgr of a dealership that if they hit X number of sold for that month, the dealership got a 200k kickback from the manufacturer...
ETA: And don't they make a killing on services?
This post was edited on 6/28/14 at 9:21 am
Posted on 6/28/14 at 9:31 am to Lsut81
500.00 over cost would be great. In my dealership...we rely on volume. As for getting the kickbacks...that's not every manufacturer. GMC, Ford, and Dodge are the main ones who receive those. We do receive them, but not that high of a payout.
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