Really hate dealing with car dealerships! | Page 2 | TigerDroppings.com
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reb13
Ole Miss Fan
Oxford, MS
Member since May 2010
10267 posts

re: Really hate dealing with car dealerships!

quote:

12. Don’t discuss a trade-in until you’ve settled on a price for the car you’re buying – each transaction should be separate and not dependent upon one another.


It doesn't work like that, wholesale for wholesale, retail for retail. They aren't going to sell you a car at invoice and then go around and buy back your car at retail.


GeauxColonels
Nicholls St. Fan
Tottenham Hotspur Fan
Member since Oct 2009
18955 posts

re: Really hate dealing with car dealerships!
quote:

19. Put deposits on a “credit card” only. Do NOT pay with a check.

Everything you've written is great advice and pretty self-explanatory. However, this one has me confused. Can you explain?


I would also like to add that you never, NEVER tell them how big of a note you're looking for. You need to go in with a pre-approved rate and an idea of the maximum amount you're willing to finance. With that info, you can figure out the note on your own before stepping foot in the dealership. The note doesn't matter to the salesman. All he cares about is getting the car sold. Negotiate price for the purchase separate from the price on the trade-in, separate from the financing.


Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

Really hate dealing with car dealerships!

quote:
12. Don’t discuss a trade-in until you’ve settled on a price for the car you’re buying – each transaction should be separate and not dependent upon one another.



It doesn't work like that, wholesale for wholesale, retail for retail. They aren't going to sell you a car at invoice and then go around and buy back your car at retail.



I never said they have to buy your existing vehicle at retail. I said each purchase should be treated as a separate transaction. One has NOTHING to do with the other.



Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

19. Put deposits on a “credit card” only. Do NOT pay with a check.


quote:


Everything you've written is great advice and pretty self-explanatory. However, this one has me confused. Can you explain?


If you have to order a vehicle and must place a deposit to secure your vehicle of choice, a credit card is a better choice of payment. If you are like many and suffer from buyer's remorse days after making a big purchase decision, you at least have the protection of your credit card company in case negotiations break down.

If you pay by check, your bank is less likely to have your back.

This post was edited on 7/25 at 11:51 am


Kingwood Tiger
LSU Fan
Katy, TX
Member since Jul 2005
13432 posts

re: Really hate dealing with car dealerships!
We have an offer from one dealer here in Houston for 37k fully loaded highlander. Msrp is 42k. Got another dealer saying they can meet. We are gonna go this evening and see what if anything they will come off. Gonna tell them we want the rebate plus zero percent financing. Even though we will pay off at end of year.

Thanks for tips.


wegotdatwood
Member since Aug 2009
17094 posts

re: Really hate dealing with car dealerships!
quote:

plus zero percent financing


quote:

Even though we will pay off at end of year.



Why do that if it's free money?


Puck82
LSU Fan
Baton Rouge
Member since Mar 2009
13952 posts

re: Really hate dealing with car dealerships!
quote:

One has NOTHING to do with the other.


Until it is time to buy. Here in LA you want it to be one transaction. If you trade in your existing vehicle you only pay taxes on the difference between your trade and new. You do not pay taxes on the full purchase price.


Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

Why do that if it's free money?


While it may not be the "smart" thing to do financially, I would do the same thing.

It's a great feeling not having any debt except for the house.


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Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

Until it is time to buy. Here in LA you want it to be one transaction. If you trade in your existing vehicle you only pay taxes on the difference between your trade and new. You do not pay taxes on the full purchase price.


That's fine. Solidify one deal in writing before you even mention the next deal. Then you can combine, but at least you have it written twice and can compare the numbers for the final, one transaction.
This post was edited on 7/25 at 1:17 pm


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Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

We have an offer from one dealer here in Houston for 37k fully loaded highlander. Msrp is 42k. Got another dealer saying they can meet. We are gonna go this evening and see what if anything they will come off. Gonna tell them we want the rebate plus zero percent financing. Even though we will pay off at end of year.

Thanks for tips.


15. Extended warranties never make financial sense.
16. Be aware of “extra” charges such as administrative fees, handling charges, advertising fees, paint protection, VIN etching – simply do not pay these as these are deal breakers. And believe it or not, even “delivery” charges are negotiable.
17. Get the deal in writing. Full disclosure, in writing, of all fees pertaining to your vehicle purchase, such as destination, title, documentation, licensing and registration. If the dealer will not put it in writing, “walk away.”

And don't forget about the "If I" sales tactic.


AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11792 posts

re: Really hate dealing with car dealerships!
Really great advice.

I got to ask and I'm sure you get this alot:

Is Daffy fapping?


ATL TGR
LSU Fan
Houston
Member since Apr 2008
2878 posts

re: Really hate dealing with car dealerships!
quote:

zero percent financing.


Watch out. They will capitalize 100% of the interest and include it within the loan amount. Then no matter when you pay it off they get all the interest


Kingwood Tiger
LSU Fan
Katy, TX
Member since Jul 2005
13432 posts

re: Really hate dealing with car dealerships!
Walked out on them. Got the dealer we went to to offer at 36,750....but then when they did the value on my wife's 2004 Honda Accord EX, which is in amazing shape...even the dealer said so, they only offered 3500...trade in on kbb is like 6K.

We took the keys to hers and walked out. Probably gonna sell her car first.
Wish the 2013 Nissan Pathfinders would hurry up and come out so we wouldn't have to mess with Toyota people.


L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
17542 posts

re: Really hate dealing with car dealerships!
Never walk out on a good deal because of a trade in...........



wegotdatwood
Member since Aug 2009
17094 posts

re: Really hate dealing with car dealerships!
The Pathfinder is one ugly arse suv.

You can sell that Honda for 5 to 6k easy. People are always looking for old cheap hondas. I plan on driving my new car for 10 to 15 years. After that, my plan is to buy old Honda's and try and make them last 5 years.

My brother drove a 1991 accord recently for 2 years without problems. Cost $1200.


dallastiger55
LSU Fan
Jennings, LA
Member since Jan 2010
6623 posts

re: Really hate dealing with car dealerships!


Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

I got to ask and I'm sure you get this alot:

Is Daffy fapping?


Swatting a fly.



pleading the fifth
New Orleans Pelicans Fan
Member since Feb 2006
2246 posts

re: Really hate dealing with car dealerships!
Any additional advice when you plan to lease a vehicle as opposed to purchasing?


Will Cover
Air Force Fan
Brentwood, TN
Member since Mar 2007
26285 posts

re: Really hate dealing with car dealerships!
quote:

Any additional advice when you plan to lease a vehicle as opposed to purchasing?


Make sure you understand the following before you go to lease a vehicle:

Money Factor
Acquisition Fee
Capitalized Cost Reduction
Residual Value
Early Termination
Mileage Overage

Do NOT get into a lease that is longer than the manufacturer's warranty.

Do NOT put a lot of money down on a vehicle that you do not plan to own.

Do NOT get focused strictly on the lower monthly payment price.

Do NOT negotiate from MSRP on a lease. Leases can be negotiated from invoice.

Rebates and dealer incentives do apply for leases.

More tips:

An "acquisition fee" can be waived.

Do not pay to have the car "cleaned up" for when you turn it back in. This is part of what the "acquisition fee" covers. No need to pay it twice.


This post was edited on 7/26 at 9:57 pm


pleading the fifth
New Orleans Pelicans Fan
Member since Feb 2006
2246 posts

re: Really hate dealing with car dealerships!
Thanks, the studying has begun.



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