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How to buy an used vehicle from a dealership?
Posted on 3/16/18 at 1:07 pm
Posted on 3/16/18 at 1:07 pm
My wife and I have always bought vehicles new and now we are considering buying an used vehicle. I feel comfortable with my negotiating skills on a new vehicle, but not sure how to approach buying an used vehicle.
1. How much wiggle room do dealers have with the price of used vehicles?
2. We plan to trade in my wife's vehicle. It has some warning lights on and we received a quote of $1,300 to fix. The repair shop said that if we were considering a new vehicle that it would be best to not fix it and take a smaller hit on the trade-in value. Is this good advice?
3. We found one vehicle that meets most of the criteria we are looking for. We live in Louisiana and it is located in Mississippi. If we buy in Mississippi, do we have to pay taxes in both states?
4. Should there be any fees tacked on to a used car like there are for new cars?
1. How much wiggle room do dealers have with the price of used vehicles?
2. We plan to trade in my wife's vehicle. It has some warning lights on and we received a quote of $1,300 to fix. The repair shop said that if we were considering a new vehicle that it would be best to not fix it and take a smaller hit on the trade-in value. Is this good advice?
3. We found one vehicle that meets most of the criteria we are looking for. We live in Louisiana and it is located in Mississippi. If we buy in Mississippi, do we have to pay taxes in both states?
4. Should there be any fees tacked on to a used car like there are for new cars?
10
Posted on 3/16/18 at 1:13 pm to zx24
Google
Tigerdroppings Will Cover Buying a car
It will be faster than making him type it all again.
ETA: I think it's Will, right guys?
ETA2: Thanks, Brageous.
Tigerdroppings Will Cover Buying a car
It will be faster than making him type it all again.
ETA: I think it's Will, right guys?
ETA2: Thanks, Brageous.
This post was edited on 3/16/18 at 1:20 pm
Posted on 3/16/18 at 1:15 pm to zx24
Posted on 3/16/18 at 1:29 pm to MSMHater
quote:
Tigerdroppings Will Cover Buying a car
I've read it. It mainly covers buying a new vehicle vs an used vehicle.
Posted on 3/16/18 at 1:43 pm to zx24
quote:
I've read it. It mainly covers buying a new vehicle vs an used vehicle.
Works just the same for used vehicles.
Posted on 3/16/18 at 1:49 pm to zx24
How much is your current vehicle worth, and how much is the vehicle you want to buy?
Posted on 3/16/18 at 3:51 pm to zx24
quote:
3. We found one vehicle that meets most of the criteria we are looking for. We live in Louisiana and it is located in Mississippi. If we buy in Mississippi, do we have to pay taxes in both states?
4. Should there be any fees tacked on to a used car like there are for new cars?
You only pay taxes in LA (when you go to register the car). You can pay these with a credit card if you'd like, but you pay a 2% fee (I think that is what it was). So make sure you bring a card with rewards that are higher than 2%.
If they bring up fees like that, walk out of the dealership.
This post was edited on 3/16/18 at 3:53 pm
Posted on 3/16/18 at 4:00 pm to ATLdawg25
quote:
How much is your current vehicle worth, and how much is the vehicle you want to buy?
According to NADA our current vehicle is worth 8-10k and the new vehicle we want to buy is 32-42k. It just depends on how many miles we are willing to sacrifice.
Posted on 3/16/18 at 4:45 pm to zx24
I've bought a handful of used cars from dealerships, and my experiences have varied greatly. A lot depends on the type of vehicle you're looking at. If it's a high volume sales vehicle, they're not all that willing to haggle on price.
Just know what you want to pay for the car you choose, don't get emotionally attached to one, and walk away if they won't work with you or play games with you.
Just know what you want to pay for the car you choose, don't get emotionally attached to one, and walk away if they won't work with you or play games with you.
Posted on 3/16/18 at 9:31 pm to zx24
1. Anywhere from 0-4000. If you are looking at a 16 Camry with 30k miles it will probably only have 1500 in markup because of how much similar inventory is out there, but if it’s a lifted 2500 with truck nuts then it could be marked up a shite ton. What are you buying?
2. What did they say was wrong with the vehicle, and what are the codes?
3. You pay taxes at the rate of where the vehicle is being registered.
4. No, but that doesn’t mean they won’t try. VIN etching, pin stripes, and miscellaneous fees like that are bullshite. Pay TTL and a reasonable doc fee.
Test drive used vehicles, look for paintwork, don’t buy at night, and check autocheck AND car fax.
2. What did they say was wrong with the vehicle, and what are the codes?
3. You pay taxes at the rate of where the vehicle is being registered.
4. No, but that doesn’t mean they won’t try. VIN etching, pin stripes, and miscellaneous fees like that are bullshite. Pay TTL and a reasonable doc fee.
Test drive used vehicles, look for paintwork, don’t buy at night, and check autocheck AND car fax.
This post was edited on 3/16/18 at 9:32 pm
Posted on 3/17/18 at 8:20 am to zx24
Offer average trade in from NADA and don’t take less than avg trade in on your vehicle.
Used vehicles have a ton of markup because dealers usually buy them pretty cheap on trade in. It’s fairly easy to buy used vehicles (or know what a good deal is) because there isnt some hidden profit from the manufacturer. The price is more set by the market.
Number one rule, walk away if you have to. Don’t waste your time playing games, find another car if the dealer won’t play ball negotiate via email if possible.
Buying out of state is no big deal. Pay taxes at the dmv when you get home.
Used vehicles have a ton of markup because dealers usually buy them pretty cheap on trade in. It’s fairly easy to buy used vehicles (or know what a good deal is) because there isnt some hidden profit from the manufacturer. The price is more set by the market.
Number one rule, walk away if you have to. Don’t waste your time playing games, find another car if the dealer won’t play ball negotiate via email if possible.
Buying out of state is no big deal. Pay taxes at the dmv when you get home.
Posted on 3/17/18 at 8:56 am to OceanMan
quote:
Offer average trade in from NADA and don’t take less than avg trade in on your vehicle.
Used vehicles have a ton of markup because dealers usually buy them pretty cheap on trade in
Exactly, and while you are at it see if they will throw in some free Rolex’s and a 20 year old bride to sweeten the deal.
Posted on 3/17/18 at 9:48 am to Retrograde
I offer 2k above what trade in value shows on bluebook.
Some dealerships laugh at me, and some will negotiate.
Don't listen to the salesman's bullshite about internet pricing is the lowest price, etc. There is real mark up on used vehicles. You have to expect them to make a profit because they have a business to run, but it doesn't mean they need to bend you over.
Always walk away. It's just a car.
Some dealerships laugh at me, and some will negotiate.
Don't listen to the salesman's bullshite about internet pricing is the lowest price, etc. There is real mark up on used vehicles. You have to expect them to make a profit because they have a business to run, but it doesn't mean they need to bend you over.
Always walk away. It's just a car.
Posted on 3/17/18 at 1:43 pm to zx24
quote:
1. How much wiggle room do dealers have with the price of used vehicles?
2. We plan to trade in my wife's vehicle. It has some warning lights on and we received a quote of $1,300 to fix. The repair shop said that if we were considering a new vehicle that it would be best to not fix it and take a smaller hit on the trade-in value. Is this good advice?
3. We found one vehicle that meets most of the criteria we are looking for. We live in Louisiana and it is located in Mississippi. If we buy in Mississippi, do we have to pay taxes in both states?
4. Should there be any fees tacked on to a used car like there are for new cars?
1. It depends on what the dealer purchased the car for. It's not like every 2014 Chevy goes for the exact amount (depending on condition) so it's always different.
2. Take car to CarMax and see what their written offer is so you know the cash value of your car. If you put $1,300 in to fix the car you probably aren't getting even close to that back. Probably best to leave it not fixed.
3. You don't/shouldn't pay double taxes for any purchase in life.
4. fees tacked on to new cars are just a dealer wet dream hoping the buyer even considers paying them. The only fees would be the doc fee which is a built in profit for the dealer.
Posted on 3/17/18 at 10:16 pm to zx24
I've gotta ask, why did you keep typing "an used"
Posted on 3/18/18 at 6:18 pm to zx24
What make/model are you looking at? That does have a good bitcto do with it (rare vehicles will have more demand/dealer will know what they have and try to get every $). You will pay taxes on where you register vehicle (but tax credit on trade needs to be in same state trade was registered). And yes, you will not get every $ that you will need to put in trade to get dash light repaired, just take a little hit on trade value. Fees vary by dealer, but just do not pay convenience fees or VIN etching fees
Posted on 3/19/18 at 12:12 pm to CoachB
Thanks for the feedback. I ended up buying new vs used.
Posted on 3/19/18 at 12:22 pm to zx24
What did you end up buying? From where? What was reason to switch?
Posted on 3/19/18 at 1:49 pm to indytiger
quote:
I've gotta ask, why did you keep typing "an used
I’m wondering too. OP, if you were to say this out loud, would you say “A noozed”? Or would you say “An yoused”?
Posted on 3/19/18 at 3:44 pm to CoachB
quote:
What did you end up buying? From where? What was reason to switch?
We ended up buying a 2017 Chevy Suburban Premiere from Matt Bowers Chevrolet. They were offering pretty good deals on the 2017 models and my wife couldn't find exactly what she was looking for used and at the price we wanted to pay.
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