- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Is now a good time to buy a new truck in BR?
Posted on 8/19/16 at 11:14 am
Posted on 8/19/16 at 11:14 am
I'm assuming the demand for non flooded/clean used cars around here will be booming soon. Would this not result in dealerships paying top dollar for a clean, non flooded vehicle?
I wouldn't price gouge on a private sale, but if dealers are willing to fork our more for my truck than they would have a few weeks ago it seems like it may be a good time to upgrade.
Am I on to something, or am I completely wrong here
I wouldn't price gouge on a private sale, but if dealers are willing to fork our more for my truck than they would have a few weeks ago it seems like it may be a good time to upgrade.
Am I on to something, or am I completely wrong here
7
Posted on 8/19/16 at 11:28 am to CP3
quote:
or am I completely wrong here
Dealer will be looking to move new units. Why would they pay top dollar for a used unit they will then have to charge top dollar to make a profit on?
Posted on 8/19/16 at 11:34 am to LNCHBOX
I don't know. I feel like people wont be looking to spend a ton of money right now to buy a brand new vehicle.
Someone mentioned that used cars might start fetching a little more than normal, so I thought it might be worth a shot.
Someone mentioned that used cars might start fetching a little more than normal, so I thought it might be worth a shot.
Posted on 8/19/16 at 11:37 am to CP3
dealerships can have new cars on the lot in no time. I doubt you could get much more than usual.
Posted on 8/19/16 at 11:41 am to CP3
I dont' have an answer to your question and this is going to be somewhat of a hijack, so I apologize for that.
But what happens if/when a car lot gets completely flooded and they lose basically all their inventory? Do they get some sort of "bailout" help or do they just lose a frick ton of money?
But what happens if/when a car lot gets completely flooded and they lose basically all their inventory? Do they get some sort of "bailout" help or do they just lose a frick ton of money?
Posted on 8/19/16 at 11:47 am to CP3
quote:
I don't know. I feel like people wont be looking to spend a ton of money right now to buy a brand new vehicle
But you think they'll pay above top dollar to a dealer for used unit? because that's the only way a dealer would make money in your scenario.
quote:For a private sale, sure. But the dealer needs to make money off the sale for it to be worth it to them. So they aren't going to pay top dollar knowing they'd then have to sell at top dollar to make it worth their time IMO.
Someone mentioned that used cars might start fetching a little more than normal, so I thought it might be worth a shot.
Posted on 8/19/16 at 11:49 am to LNCHBOX
Fair enough. Just a discussion that came up with a co-worker, so we didn't dig too deep into it.
What you're saying makes more sense
What you're saying makes more sense
Posted on 8/19/16 at 11:49 am to WG_Dawg
quote:
But what happens if/when a car lot gets completely flooded and they lose basically all their inventory? Do they get some sort of "bailout" help or do they just lose a frick ton of money?
I found this in the google machine, but I'm sure there's more than one answer to your question.
quote:
Dealers’ open lot, also known as auto physical damage coverage, provides physical damage coverage for vehicles owned by a dealership.
Posted on 8/19/16 at 11:53 am to WG_Dawg
quote:
But what happens if/when a car lot gets completely flooded and they lose basically all their inventory? Do they get some sort of "bailout" help or do they just lose a frick ton of money?
I have a buddy that is a service manager at a dealership. He said they have a policy to cover the damaged cars, but the deductible is a couple hundred thousand dollars. Also, It caps off at a couple million dollars. Depending on the lot size / vehicle types, I don't know that $2-3mm would cover everything.
Not sure how they recoup the remaining losses.
This post was edited on 8/19/16 at 11:54 am
Posted on 8/19/16 at 11:53 am to CP3
quote:
Fair enough. Just a discussion that came up with a co-worker, so we didn't dig too deep into it.
What you're saying makes more sense
Since it makes sense, I'm probably totally wrong since we're talking about the auto industry
Posted on 8/19/16 at 12:05 pm to CP3
sell privately. dealerships will still want to screw you and them.
Posted on 8/19/16 at 12:13 pm to Chad504boy
Dealers will be selling a ton of new cars also most likely so I would think your deal would be worse around here.
Posted on 8/19/16 at 12:30 pm to CP3
This will result in a shortage of used vehicles. We've seen this before in other flood areas. That's a lot of inventory removed from the market. You'll at least be in a good bargaining position with a re sellable trade in.
It's not good for dealers losing their new inventory. A total restock of new inventory takes a long time. They'd have to dealer trade/use locator services in the short term while they re stock from the factory.
It's not good for dealers losing their new inventory. A total restock of new inventory takes a long time. They'd have to dealer trade/use locator services in the short term while they re stock from the factory.
Posted on 8/19/16 at 12:48 pm to CP3
Sure, a dealer might pay more for your used car, because you will be paying more for one of their new cars.
Posted on 8/19/16 at 12:54 pm to LSUFanHouston
Working for a dealership, I can tell you that you will not save anymore than usual. As we know our inventory will move. GL
Posted on 8/19/16 at 5:19 pm to CP3
A metric frickton of cars were flooded and destroyed. A large number of new ones were destroyed as well. That means demand will be way up for new cars because there won't be enough used cars to meet the demand. Now is NOT AT ALL a good time to buy unless you're going out of state.
Posted on 8/19/16 at 5:41 pm to LSUFanHouston
quote:
because you will be paying more for one of their new cars.
Could easily go buy one from Texas.
Posted on 8/21/16 at 5:55 pm to TigerSaints318
Sell private party, buy new truck in Houston.
Posted on 8/21/16 at 5:56 pm to CoachRobertson
I wouldn't even walk into a new dealership in SELA.
"Here's the price. GFY if you don't like it."
"Here's the price. GFY if you don't like it."
Posted on 8/21/16 at 7:24 pm to VetteGuy
quote:
I wouldn't even walk into a new dealership in SELA. "Here's the price. GFY if you don't like it."
That is not the case, atleast at dealer I work for, we are still pricing vehicles as if nothing changed, as we dont believe it taking advantage of people, especially if they lost home/car in flood
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News