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Spinoff thread: What do you consider getting ripped off when buying a car?
Posted on 3/22/14 at 7:31 pm
Posted on 3/22/14 at 7:31 pm
Is there a certain amount of profit a dealer can make before you consider you were ripped off?
8
Posted on 3/22/14 at 7:34 pm to mouton
Buying a new car.
Posted on 3/22/14 at 7:54 pm to xXLSUXx
Yeah, buying new is a pretty poor investment.
Posted on 3/22/14 at 7:57 pm to mouton
I'm ok w/ whatever profit margin they can make.
Some of the out and out lies told by F&I men are ridiculous though. Lying is not salesmnanship, you dumbasses.
This is why people that sell cars can rarely get a shot selling anything else.
Some of the out and out lies told by F&I men are ridiculous though. Lying is not salesmnanship, you dumbasses.
This is why people that sell cars can rarely get a shot selling anything else.
Posted on 3/22/14 at 8:04 pm to mouton
You getting ripped off is your own fault. I went to look at a truck that was listed on the internet for $34k. When I got there, I didn't tell the salesman I had seen it, and we looked at the truck, test drove, etc. I asked him how much they wanted for it when we sat down, and he said it was $38,050. I kept screwing with him because at that point, there was no way I'd buy the truck from him. After about a half hour of negotiations, his manager finally came down to $35,999.
I started laughing out of the blue and he asked me what was going on. I finally decided to fill him in on the fact that it was listed for $34k online. I told him thanks for giving me something to do for an hour, but there was no way I'd buy the truck from him. He got pissed and stormed off. I was happy.
I started laughing out of the blue and he asked me what was going on. I finally decided to fill him in on the fact that it was listed for $34k online. I told him thanks for giving me something to do for an hour, but there was no way I'd buy the truck from him. He got pissed and stormed off. I was happy.
Posted on 3/22/14 at 8:06 pm to mouton
quote:
Yeah, buying new is a pretty poor investment.
A car is not an investment.
Posted on 3/22/14 at 8:06 pm to mouton
quote:
Is there a certain amount of profit a dealer can make before you consider you were ripped off?
that's ridiculous
i don't see how a person can get "ripped off" if they voluntarily agree to terms and there is no intentional fraud
Posted on 3/22/14 at 8:06 pm to VetteGuy
Car sales really does tend to attract a lot of low class individuals now days. It seems like the car sales uniform now days is dealer polo, pleated slacks, white tennis shoes and sunglasses. At least try to look professional.
Posted on 3/22/14 at 8:10 pm to Sophandros
quote:
A car is not an investment.
Everything you do is an investment.
You paid for something? Your money is now invested in that entity. Now granted, cars will not MAKE you money (generally). But it's still an investment. And how you go about buying a car can mitigate how much you lose on that investment.
Posted on 3/22/14 at 8:15 pm to SlowFlowPro
quote:
that's ridiculous i don't see how a person can get "ripped off" if they voluntarily agree to terms and there is no intentional fraud
I agree but most people don't.
Posted on 3/22/14 at 8:22 pm to mouton
one of SFP's laws is that you know a law will be shitty if it's enacted for "consumer protection"
Posted on 3/22/14 at 8:23 pm to Sophandros
quote:People who say this are fricking retarded, therefore you are fricking retarded
A car is not an investment
Posted on 3/22/14 at 8:24 pm to SlowFlowPro
Yes, anti-usury laws are shitty. 
Posted on 3/22/14 at 8:26 pm to Sophandros
all they do is force the person in need to either (1) go without a loan for whatever they need or (2) rely on worse options
Posted on 3/22/14 at 8:27 pm to Hammertime
And what, exactly, is your monetary ROI on your vehicle investment?
By what percentage does your car increase in value annually?
Calling your car an "investment" is like calling your vacuum cleaner or lawnmower an "investment".
By what percentage does your car increase in value annually?
Calling your car an "investment" is like calling your vacuum cleaner or lawnmower an "investment".
Posted on 3/22/14 at 8:28 pm to SlowFlowPro
How are anti-usury laws shitty, Slow?
Posted on 3/22/14 at 8:31 pm to Sophandros
quote:
How are anti-usury laws shitty, Slow?
they deny a person to make that agreement
i don't believe people are so stupid they need to have their ability to contract decreased in order to "protect" them
it just fricks those people over worse, anyway. when you get rid of "usurious" loans, you get payday loans (worse option). when you get rid of payday loans, you get loan sharking and/or societal disruption (eviction, property seizure, etc, which are worse options)
Posted on 3/22/14 at 8:31 pm to Sophandros
Let's see......people lose money on investments all of the time. Would you rather lose more money or less money? That's right, invest in something that won't cost you more money while you own it, and will give you the most ROI when you sell it. Investments don't gain value 100% of the time.
You don't plan on trading in your lawnmower or vacuum cleaner do you?
You don't plan on trading in your lawnmower or vacuum cleaner do you?
Posted on 3/22/14 at 8:31 pm to Sophandros
quote:
And what, exactly, is your monetary ROI on your vehicle investment?
By what percentage does your car increase in value annually?
Calling your car an "investment" is like calling your vacuum cleaner or lawnmower an "investment".
Two schools of thought.
You're going by the financial definition(expected increase in value), I'm going by the economic definition(acquired goods) .
Tomayto/Tomahto.
Posted on 3/22/14 at 8:32 pm to SlowFlowPro
quote:
they deny a person to make that agreement
So denying predatory practices is "shitty" in your book.
Gotcha.
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