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Started By
Message
WIll Cover Buying tips-it works
Posted on 8/7/17 at 11:00 am
Posted on 8/7/17 at 11:00 am
I traded in a 2011 f150 for a used 2016 used f150 this weekend. I printed out several comps for both trucks and was pre approved. They tried to sell me a newer truck but I threatened to walk out because I was interested in one particular one. Of course they tried to low ball me on the trade in but I printed out a few that was very similar on their own website and compared the asking price vs web sites (kbb, Edmunds, etc) and finally got them to what I wanted. Now the newer truck started out about what a new one was going for the next state over. I told him no way I'm paying that. I told him I don't mind driving and then here comes the manger. He said no need to travel we will work with you. I gave him the number I wanted to be at when I walked in and I think I left begging about $150 from that number. When I sat down with the finance guy I told him my rate and I'm not interested in any warranties, etc he said no problem we can't beat that rate anyway.
As will mentions get preapproved, don't show emotions, don't buy any extra crap they try to sell, and don't be afraid to walk out.
As will mentions get preapproved, don't show emotions, don't buy any extra crap they try to sell, and don't be afraid to walk out.
13
Posted on 8/7/17 at 11:31 am to bayou choupique
Just bought a used Toyota 4 Runner for my daughter. Apparently, they are in such demand, I couldn't get much of anything off the asking price. They just sell to the next guy that comes in. I just kept looking until I found one that was reasonably priced and was able to get about $1,000 off, but nothing great.
Posted on 8/7/17 at 2:16 pm to bayou choupique
I'll probably be looking next year... good advice
Posted on 8/7/17 at 2:53 pm to bayou choupique
quote:
bayou choupique
Congratulations on your "new" truck!
Posted on 8/7/17 at 3:41 pm to bayou choupique
Our 11 month old Honda Pilot flooded down in NOLA Saturday. I've been emailed dealerships all days talking numbers. Hopefully between the 3 local dealerships I have get a good price
Posted on 8/7/17 at 4:28 pm to bayou choupique
what is the big drawback on the warranty? I bought a used car 2 years ago that was only a year old and the AC compressor went out. The warranty covered it.
Posted on 8/7/17 at 6:22 pm to bayou choupique
(Don't show emotions);
The above has to be the most idiotic statement ever made.
Also, an extended warranty isn't a bad buying decision. You have insurance don't you?
Go ahead and have mechanical problems after 36,000 miles without an extended warranty. You will be kicking yourself in the arse for not considering it.
The above has to be the most idiotic statement ever made.
Also, an extended warranty isn't a bad buying decision. You have insurance don't you?
Go ahead and have mechanical problems after 36,000 miles without an extended warranty. You will be kicking yourself in the arse for not considering it.
Posted on 8/7/17 at 8:05 pm to basiletiger
quote:
The above has to be the most idiotic statement ever made.
quote:
basiletiger
Do you know your way around here? Seems like you may be having some trouble.
If you'd ever seen WillCover's method for negotiating a car purchase, I'm guessing you'd have never posted that. Dude has saved people here thousands of dollars many times over.
Compared to Will's contributions you've posted...what again?
This post was edited on 8/7/17 at 8:22 pm
Posted on 8/7/17 at 8:11 pm to bayou choupique
oh indeed it does. I used true car and got a vehicle cheaper than what the dealer paid. I saw the invoice. WAAY cheaper than MSRP of course as well.
Posted on 8/7/17 at 8:46 pm to basiletiger
quote:
The above has to be the most idiotic statement ever made.
As someone in sales, I hate when my clients are emotionless. In either direction. It makes it hard for me to read them, and thus control the conversation to close the deal. You remain emotionless to remain in control.
quote:
Also, an extended warranty isn't a bad buying decision. You have insurance don't you?
You buy insurance to protect your assets (vehicle, net worth, individual health) against an unfortunate event.
You don't buy insurance to cover something that will happen. At that point it's not insurance. It's just financing the repairs.
This post was edited on 8/7/17 at 8:48 pm
Posted on 8/7/17 at 9:45 pm to Golfer
quote:Well life insurance covers the sure bet you're going to die.
You don't buy insurance to cover something that will happen.
I know it goes against the dollars and cents this board watches but I sleep better with a well priced extended warranty. I like that peace of mind and how it works with my budget.
I've only had one vehicle in 20 years that did not have covered repairs greater than extended warranty price. But YMMV
Posted on 8/7/17 at 11:54 pm to Bullfrog
quote:
Well life insurance covers the sure bet you're going to die.
Not a term policy. Which is a protection against the catastrophic event of dying at an early age with financial responsibilities still remaining.
Posted on 8/8/17 at 2:36 am to Will Cover
Just read through the original thread, great info! I do have a question however. Surely they will ask if we will be trading in the vehicle we arrive in, so are we just supposed lie about that until the price is agreed on for the "new" vehicle?
Posted on 8/8/17 at 6:01 am to acadianatiger1992
quote:
Surely they will ask if we will be trading in the vehicle we arrive in, so are we just supposed lie about that until the price is agreed on for the "new" vehicle?
Tell them something along the lines of one of the following:
You haven't decided yet.
or
You want to discuss the purchase of the car first before deciding.
or
What does that have to do with me buying this vehicle?
Posted on 8/8/17 at 7:20 am to lnomm34
I'm not one for dishonesty in these discussions. I don't usually work with sleazy salesmen, so I like to reciprocate honesty as I expect it.
As an intelligent human being, im fully capable of separating the discussion when it comes time to discuss numbers. This is a potential combination deal that is certainly dependent on the other. The trade could present another selling point for the dealer, so there's no point in trying to separate them.
This aspect of negotiation works if you want a simple approach and only work one aspect at a time. But it's not necessary. It simply introduces another knob for the dealer, but if it's important to the sale, it should also be discussed.
As an intelligent human being, im fully capable of separating the discussion when it comes time to discuss numbers. This is a potential combination deal that is certainly dependent on the other. The trade could present another selling point for the dealer, so there's no point in trying to separate them.
This aspect of negotiation works if you want a simple approach and only work one aspect at a time. But it's not necessary. It simply introduces another knob for the dealer, but if it's important to the sale, it should also be discussed.
Posted on 8/8/17 at 8:17 am to LSUtigerME
why the 3 down votes?
ford wanted almost 3,000 for a 75,000 mile extended warranty at first. I know these are negotiable, but I'm not financing that into my truck. USAA is who I financed it through and they offer zero deductible if you choose to buy one for much less than the dealer. I think what Will is trying to say is if you really want, put that money aside in the event of a mechanical breakdown. If you don't have problem, it is your money to keep....right?
ford wanted almost 3,000 for a 75,000 mile extended warranty at first. I know these are negotiable, but I'm not financing that into my truck. USAA is who I financed it through and they offer zero deductible if you choose to buy one for much less than the dealer. I think what Will is trying to say is if you really want, put that money aside in the event of a mechanical breakdown. If you don't have problem, it is your money to keep....right?
Posted on 8/8/17 at 8:26 am to Golfer
It's not just financing the repair. When was the last time you purchased a new vehicle?
Let's say you purchase a $50,000 truck and at 36,500 miles the engine fails.
The extended warranty cost you $1,500 had you purchased it. You turned it down.
instead you are pulling $7,000 out of your savings account because you didn't want to "Finance the Repairs".
Get out of here with that nonsense.
Let's say you purchase a $50,000 truck and at 36,500 miles the engine fails.
The extended warranty cost you $1,500 had you purchased it. You turned it down.
instead you are pulling $7,000 out of your savings account because you didn't want to "Finance the Repairs".
Get out of here with that nonsense.
This post was edited on 8/8/17 at 8:26 am
Posted on 8/8/17 at 8:30 am to GFunk
Gfunk, I absolutely know my way around. No trouble at all. yes I've seen willcover's method. Just like anything else I agree with some of what he has said in the past and some of it I don't. I've sold and purchased more vehicles in my life than you can fathom.
On average about 215 per year.
On average about 215 per year.
Posted on 8/8/17 at 8:41 am to basiletiger
quote:
basiletiger
quote:
Gfunk, I absolutely know my way around. No trouble at all. yes I've seen willcover's method. Just like anything else I agree with some of what he has said in the past and some of it I don't. I've sold and purchased more vehicles in my life than you can fathom.
On average about 215 per year.
Now it's my turn: Get out of here with that nonsense. I'm perfectly capable of fathoming an average of 215 vehicles bought & sold per year.
My biggest issue is disrespecting a guy that's simply trying to provide advice and insight in order to help people. Advice & insight that's proven tangibly valuable to many people here as evidenced by the fact that his post is literally relied on as, "The Willcover Method."
No need for it here IMO.
Now please allow me to apologize to you in the hopes you can soon return to your unfathomable, fabulous life of buying and selling a few hundred cars per year.
This post was edited on 8/8/17 at 8:43 am
Posted on 8/8/17 at 8:45 am to GFunk
Are you capable of it? I really don't think you are "IMO" 
.
Honesty helps the process, both on the prospective buyer and seller side. However, we all know prospective customers don't show emotion because they are afraid it will make them "look" like they want the automobile. At the end of the day if someone feels like they received a fair deal in whatever it is they purchase. (Jewelery, cars, boats, homes, whores,) that's all that really matters.
. Honesty helps the process, both on the prospective buyer and seller side. However, we all know prospective customers don't show emotion because they are afraid it will make them "look" like they want the automobile. At the end of the day if someone feels like they received a fair deal in whatever it is they purchase. (Jewelery, cars, boats, homes, whores,) that's all that really matters.
This post was edited on 8/8/17 at 8:46 am
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