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re: Negoiating with car dealership
Posted on 9/20/17 at 8:10 pm to MaHittaMaHitta
Posted on 9/20/17 at 8:10 pm to MaHittaMaHitta
If this happens to me, which it won't bc I'm to rich to negotiate, I would immediately whoop the salesmans arse
0
Posted on 9/20/17 at 8:24 pm to el Gaucho
quote:
You know car dealers have to make a living too you know? Every time one of you people comes in and tries to "name your own price" you're taking money out of the salesmans pocket
Esé, you can't be a contrarian troll on multiple boards. It's against the TOS.
Posted on 9/20/17 at 8:59 pm to Wes225
Not through email or text!!! Face to face when YOU are ready to "pull the trigger". Be straight up and don't try to play games. Ask them what is their ACV (actual cash value) on your trade in. If you really like the vehicle selected, tell them you'll do $1000 over what they have in the vehicle minus MMR (Manheim market research average) for you trade. They'll know what you mean. Ask for proof and be polite, not cocky.
Posted on 9/20/17 at 9:20 pm to majoredinwhitehorse
Dude this isn't 1955...no one wants to go play games even for an hour.
Posted on 9/20/17 at 9:48 pm to Passing Wind
There is a lot of good, incomplete information in this thread. This is what gets people killed at the dealership.
You tell them to come up with a number by doing research in advance, which they do. They walk in saying that they will do the deal for $33,475 on a car that stickers at $39,652.
The salesman can't contain himself, bc this "smart" customer wasn't told to make sure to look up the rebates or warned that this number was before rebates. He just got killed!
Or, he doesn't realize that new rebates just dropped this morning, and he doesn't realize that the new truck month rebate added $3k to the total rebates.
This type of customer is almost as profitable as sweet granny who lives down the road from the salesman's parents.
You tell them to come up with a number by doing research in advance, which they do. They walk in saying that they will do the deal for $33,475 on a car that stickers at $39,652.
The salesman can't contain himself, bc this "smart" customer wasn't told to make sure to look up the rebates or warned that this number was before rebates. He just got killed!
Or, he doesn't realize that new rebates just dropped this morning, and he doesn't realize that the new truck month rebate added $3k to the total rebates.
This type of customer is almost as profitable as sweet granny who lives down the road from the salesman's parents.
Posted on 9/20/17 at 9:59 pm to Wes225
Dealers are begging for used cars, they can't find any good deals at auction anymore. You have leverage.
Posted on 9/20/17 at 10:13 pm to TSLG
quote:
The salesman can't contain himself, bc this "smart" customer wasn't told to make sure to look up the rebates or warned that this number was before rebates. He just got killed! Or, he doesn't realize that new rebates just dropped this morning, and he doesn't realize that the new truck month rebate added $3k to the total rebates. This type of customer is almost as profitable as sweet granny who lives down the road from the salesman's parents.
So where can all this info be found. Don't just tell them about it show them where.
Posted on 9/20/17 at 10:24 pm to DeafJam73
Pay cash or buy a cheaper vehicle.
Posted on 9/20/17 at 10:30 pm to Gorilla Ball
Good info. Ground breaking stuff. However, for some, Dave Ramsey, they have to have a new vehicle every 3-4 years for their career.
Posted on 9/20/17 at 11:11 pm to Passing Wind
Every 3-4 years, what kind of career is that? I've been in outside sales for 16 years and I've never had a employer nor my clients worry about the car I drive.
Its rather easy to do or it requires discipline - when you pay your vehicle off if you had a note, just continue to pay that note to your savings account.
Sounds like you need a different career or employer.
Its rather easy to do or it requires discipline - when you pay your vehicle off if you had a note, just continue to pay that note to your savings account.
Sounds like you need a different career or employer.
This post was edited on 9/20/17 at 11:22 pm
Posted on 9/21/17 at 12:08 am to Gorilla Ball
quote:
Pay cash or buy a cheaper vehicle.
This is really, really poor advice for a lot of people - depending on a few different factors.
Posted on 9/21/17 at 12:19 am to Tuscaloosa
really?
Posted on 9/21/17 at 12:42 am to Gorilla Ball
quote:
really?
Yeah. Why dump a huge chunk of cash on hand into a depreciating asset, thus tying it up indefinitely, when it could be making money for you elsewhere?
If you've got $35K cash, why not find a low percentage interest rate car loan, and invest the rest of the money so it can be working for you?
If you invest $30K of that cash on hand, and get a modest 9-10% return on your investment, compounded annually, that $30K will have turned into more than $50K over the course of 60 months.
Posted on 9/21/17 at 12:53 am to Tuscaloosa
maybe in the past 2-3 years returns have been "modest", but I would say look at the past 10 years in the market. To each their own, I wouldn't pay $35,000 cash for a car. I was thinking $18,000 and invest the rest. Everyone has their own opinion, but I would put my savings percent of my income and my portfolio size against the majority of people on this bd.
I don't really care what someone does with their money it isn't affecting my retirement program.
I don't really care what someone does with their money it isn't affecting my retirement program.
Posted on 9/21/17 at 7:11 am to Gorilla Ball
quote:
Every 3-4 years, what kind of career is that?
The kind that pays me $12k a year in car/truck allowance not including gas just to make sure I keep a new vehicle. Im allowed to keep mine up to 6 should I choose, but some aren't. I'm in business development. Tough to walk away from mid 6 figures base salary, plus bonus off 3 different areas, plus company NYSE stock dispursement into retirement accounts at random, plus 100% match up to 4% into 401k and they pay my vehicle off. Sounds like you might need a career change.
This post was edited on 9/21/17 at 7:37 am
Posted on 9/21/17 at 7:52 am to Wes225
Know what you have, and know what you want. I see so many people going in blindly, and they get screwed every time. When I buy a vehicle, I already know what I want for a trade and how much I'm paying for the new one. If they won't do it, someone else will.
eta: Buy on last day of month if possible.
eta: Buy on last day of month if possible.
This post was edited on 9/21/17 at 7:53 am
Posted on 9/21/17 at 8:03 am to Wes225
personally i'm not OT-balla status so I spend in the 22-28K range on a truck. I tell them I want a brand new truck then talk to them about what they'll give me for my truck when I trade it in. I get the max for it then flip the script to a used truck. Knowing they wouldn't have gave me as much on the trade in if I said used truck first.
Posted on 9/21/17 at 8:04 am to Passing Wind
I have a company vehicle as well, I don't do anything and when the vehicle gets to about 75,000 I get a new one. They don't require me to do anything - I have the option of buying the vehicle. Gas and everything paid for.
It wasn't a dick measuring contest. It was just odd that your company requires you to change a vehicle 3-4 years.
You have no idea what I gross or bring home.
It wasn't a dick measuring contest. It was just odd that your company requires you to change a vehicle 3-4 years.
You have no idea what I gross or bring home.
This post was edited on 9/21/17 at 8:08 am
Posted on 9/21/17 at 8:21 am to FenrirTheBeard
quote:
The best strategy for negotiating is being able to walk away from the deal if you don't get your number.
This...and do your homework beforehand to be solid in what your number is.
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