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Bought a car today using the "Will Cover" method.

Posted on 9/2/13 at 9:12 pm
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 9:12 pm
Nearly went through it step by step and got the price, trim level, and car my wife was looking for.
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 9/2/13 at 9:22 pm to
hybrid?
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 9:23 pm to
Jetta TDI
Posted by Corn Dawg Nation
Member since Oct 2009
3528 posts
Posted on 9/2/13 at 9:24 pm to
How much did you save? Msrp? Negotiated purchase price?

I was just reviewing his thread a few minutes ago.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 9:29 pm to
Nearly $3k off the discounted sticker which ended up being below "dealer invoice". Got some other stuff added (tint, fuel, service, etc.)

It may not be come incredible deal, but I thought it was a fair price and a friendly, smooth sale.
Posted by Corn Dawg Nation
Member since Oct 2009
3528 posts
Posted on 9/2/13 at 9:32 pm to
Of all the best places he listed for invoice price, where's the best?
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 9:36 pm to
Honestly, I didn't look it up. The sales guy was showing me the screens that he shouldn't be...

I'm sure someone will be along to say it was a "tactic" but in the previous vehicles I've bought I've asked to see everything they wouldn't.
Posted by Corn Dawg Nation
Member since Oct 2009
3528 posts
Posted on 9/2/13 at 9:38 pm to
Gotcha, congrats on the deal.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 9:44 pm to
My favorite price was that we were at a price that I didn't mind and my wife liked the car. I told her we were going and she had this "WTF" look on her face. I told her just trust me. Before we got to our car, $500 was taken off.

He called 2 hours later. Got window tinting added and was back in 30 minutes to sign.

Friendly process, no bullshite, no shady tactics but a good negotiation.
Posted by medtiger
Member since Sep 2003
21652 posts
Posted on 9/2/13 at 9:50 pm to
quote:

It may not be come incredible deal, but I thought it was a fair price and a friendly, smooth sale.


I'm fairly convinced that you'll never get an incredible deal in car buying. The dealer has a number that they won't go under just like you have a number you won't go over. They wouldn't sell you the car if they weren't making money off it. If you feel like the deal was fair, then that's really all that matters.
This post was edited on 9/2/13 at 9:51 pm
Posted by Corn Dawg Nation
Member since Oct 2009
3528 posts
Posted on 9/2/13 at 10:11 pm to
quote:

If you feel like the deal was fair, then that's really all that matters.


This is ultimately the only thing that matters.
Posted by hikingfan
Member since Jun 2013
1657 posts
Posted on 9/2/13 at 10:59 pm to
What is the "Will Cover" method? Care to explain?
Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 9/2/13 at 11:02 pm to
quote:

What is the "Will Cover" method? Care to explain?


Should be stickied...it is a top 5 MTB post.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 11:07 pm to
quote:

What is the "Will Cover" method? Care to explain?



Some of this didn't apply to me and there were a few things I didn't do by letter of this post but using this as a template got me a good price and a few extra things that I likely wouldn't have received without this information.

quote:

1. Arm yourself with information. LINK / , LINK / , LINK and LINK are excellent sites to research the vehicle of your choice (Invoice vs. MSRP, manufacturer rebates, dealer holdback, etc.)
2. Never show emotion even when going for a test drive (do NOT provide dealer with your driver’s license). Instead, prior to your arrival at the dealership, make a copy of your driver’s license and furnish the dealer with the copy of your driver’s license.
3. Never show emotion when negotiating.
4. Never offer or accept the first price.
5. Start off negotiations by saying “that’s not good enough.”
6. Never offer a counter price.
7. Silence is golden. When in doubt, shut up and you will pay less.
8. Know what power you possess by being able to “walk away.”
9. Never negotiate off “MSRP.” The negotiation process should start from the DEALER COST (which is less than INVOICE) price or the WHOLESALE price if purchasing a USED vehicle.
10. Rebates can be deducted from INVOICE price and not MSRP as the dealership will lead you to believe.
11. Know the dealer’s “hold-back” price and what type of incentives that may be offered from the manufacturer or dealership.
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.
13. Settle on the price of the vehicle you’re interested in before you bring up financing — don’t let the rate of a loan influence the price of the car.
14. Have your financing pre-approved before you walk into a dealership.
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.”
18. The “If I” sales tactic. This is the last step in the sales negotiation process. Ex. If I decide to purchase the vehicle today, you have to include free window tinting. If I decide to take the red vehicle instead of the white vehicle, you have to include 5 free oil and tire rotation services. If I decide to purchase the vehicle today, you have to include floor mats at no additional cost. If done correctly, this will allow you to get another “service and/or product” that you normally would not have received and by this time, there is no way will the dealership allow you to “walk” because there is too much time invested between both parties. The dealership knows you are in a buying mode and doesn’t want to run the risk of you becoming a “be back” customer for another dealership since most people buy within 48 hours of stepping onto a dealership’s lot.
19. Put deposits on a “credit card” only. Do NOT pay with a check.
20. If you got a great deal, show your appreciation. Thank the dealer and be sure to send your friends to them when they go car shopping.
This post was edited on 9/2/13 at 11:11 pm
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 9/2/13 at 11:35 pm to
Saw part of a TV show tonight with a former car salesman. He said that all the sales offices are bugged. The salesman will be called to "step outside" for a few minutes while the dealership listens to you and the wife discuss the transaction.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/2/13 at 11:38 pm to
Well we never discussed the transaction in the office.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 9/2/13 at 11:50 pm to
Good.

Here is a trivia question on negotiations: What are the 2 best days in the month to buy a car?
Posted by WhalingVessel
Member since Dec 2008
245 posts
Posted on 9/3/13 at 2:57 am to
quote:

1. Arm yourself with information. LINK / , LINK / , LINK and LINK are excellent sites to research the vehicle of your choice (Invoice vs. MSRP, manufacturer rebates, dealer holdback, etc.)
What were the links?
quote:

do NOT provide dealer with your driver’s license
Why is this so important?
quote:

DEALER COST
How do you find this out?
quote:

Rebates
Where can you find these?
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 9/3/13 at 5:17 am to
Posted by Volvagia
Fort Worth
Member since Mar 2006
51887 posts
Posted on 9/3/13 at 10:37 am to
quote:

Why is this so important?


I suppose it's because they can hold it hostage and lessen your ability to use the walk out bargaining chip
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