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re: WIll Cover Buying tips-it works

Posted on 8/8/17 at 8:53 am to
Posted by GFunk
Denham Springs
Member since Feb 2011
14970 posts
Posted on 8/8/17 at 8:53 am to
quote:

basiletiger

quote:

Are you capable of it? I really don't think you are "IMO"
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1848 posts
Posted on 8/8/17 at 8:56 am to
quote:

Let's say you purchase a $50,000 truck and at 36,500 miles the engine fails.


you must be buying Chrysler products.

man you must be the salesman of the year at over 215 units a year. I guess you make commissions off of those extended warranties.
This post was edited on 8/8/17 at 8:58 am
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 9:07 am to
No affiliation with the retail or the wholesale side of the business. No sir, I don't work for "Fiat" either.

$1,500 to protect a $50,000 truck is a no brainer.
Posted by Will Cover
Davidson, NC
Member since Mar 2007
40138 posts
Posted on 8/8/17 at 9:23 am to
quote:

urely they will ask if we will be trading in the vehicle we arrive in, so are we just supposed lie about that until the price is agreed on for the "new" vehicle?


Tell them that you are more focused on the purchase price of the new vehicle at this time and once you reach an agreed upon out the door price, you'll then consider what you want to do with your current vehicle.

Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 11:54 am to
Reminds me of the old wives tale. "don't tell the salesman what you owe on your current vehicle.


Sure Mr. or Mrs. customer please withhold that info. Because we all know if you owe $3,500 on your 2015 Ford F250 King Ranch, the dealership will only give you $3,500 for it.

payoffs are not relative to the value of the vehicle. The sooner both parties get on the same page, the quicker the process is.
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
783 posts
Posted on 8/8/17 at 12:59 pm to
quote:

the quicker the process is.


When negotiating a purchase, my goal is to extend the process, not shorten it.

On my last vehicle, I burned just over 7 hours of my salesman day on my purchase. We closed an hour after the dealership closed shop. The more I can have him invested in a sale the better. Plus it always gives me additional levers to pull if I withold information that will not improve my leverage.
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 1:26 pm to
That makes no sense at all. Props to you for having 7 hours to hang out at a car dealership all day. With the ammunition avail online there is no reason for it. Time is money.
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
783 posts
Posted on 8/8/17 at 1:42 pm to
quote:

Time is money.


It's much easier for a salesman to let you walk away with only 15 min invested vs hours. Time is money. That's the point. He invests time, he expects a return on that time.
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 1:53 pm to
Most dealerships in today's market sell off of volume. Chances are you go in on an advertised unit and the dealer is losing $1,800 on the front. No need to waist 7 hours of your time to try and nickel and dime over a couple $100 dollars. However, props to you for taking 7 hours and leaving feeling like you "won". At the end of the day feeling like you 'won' and got a "fair" deal is really all that matters.
Posted by LNCHBOX
70448
Member since Jun 2009
88973 posts
Posted on 8/8/17 at 2:05 pm to
quote:

I used true car and got a vehicle cheaper than what the dealer paid. I saw the invoice.
Keep telling yourself the dealership took an actual loss on the car they sold you.
Posted by notiger1997
Metairie
Member since May 2009
61697 posts
Posted on 8/8/17 at 2:09 pm to
No dealer is losing money. LOL
And invoice talk is just stupid. It has not been a real number to use for a long time
Posted by OceanMan
Member since Mar 2010
23099 posts
Posted on 8/8/17 at 2:19 pm to
quote:


Tell them that you are more focused on the purchase price of the new vehicle at this time and once you reach an agreed upon out the door price, you'll then consider what you want to do with your current vehicle


All you really need to do is tell them you will negotiate them seperately, if you have to tip your hand that you are trading in.

The key is to know why you negotiate them seperately, and stick to it, because it is logical.
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 2:28 pm to
if it's a new car then chances are the dealer is taking a loss on the front end.

There are stong volume bonsues tied in these days. Dealers that sell in volume can absorb $15,000 in front end loss to make it up in $50,000 of volume bonus money. However, if they fall short of hitting the manufacturer bonus for that quarter then guess what,,,,,,,the dealer indeed loses money and a shite ton of it. It's the reality of the new car side these days.

pre-owned vehicles never. The average profit on a used car is between $2,500 and $4,000.
Posted by YipSkiddlyDooo
Member since Apr 2013
3811 posts
Posted on 8/8/17 at 2:30 pm to
quote:

It's not just financing the repair. When was the last time you purchased a new vehicle? Let's say you purchase a $50,000 truck and at 36,500 miles the engine fails. The extended warranty cost you $1,500 had you purchased it. You turned it down. instead you are pulling $7,000 out of your savings account because you didn't want to "Finance the Repairs". Get out of here with that nonsense.


Speaking of nonsense, which manufacturer doesn't have a powertrain warranty that would cover the engine at 36,500 miles?
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 2:36 pm to
There are many circumstances that would cause the manufacturer to not pay it.

go change your oil at 10 minute quick lube and have billy bob forget to tighten your drain bolt on your oil pan....

All these young cats running programmers on their $80,000 Ford Diesels.....

if your buying a new honda, toyota, kia, etc. and your vehicle costs roughly $25,000 then go for it.

if your purchasing a high end vehicle it's worth considering the extended warranty. I see it everyday.
This post was edited on 8/8/17 at 2:38 pm
Posted by YipSkiddlyDooo
Member since Apr 2013
3811 posts
Posted on 8/8/17 at 2:52 pm to
quote:

There are many circumstances that would cause the manufacturer to not pay it. go change your oil at 10 minute quick lube and have billy bob forget to tighten your drain bolt on your oil pan....


Let's pretend for a moment that you don't notice your brand new car leaking oil...an extended warranty isn't going to cover that either.

quote:

All these young cats running programmers on their $80,000 Ford Diesels....


Voiding a warranty is voiding a warranty no matter how much extra you bought.

And stop upvoting yourself. It's sad.
This post was edited on 8/8/17 at 2:56 pm
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2523 posts
Posted on 8/8/17 at 3:00 pm to
Don't be sad YipSkiddlyDoo,

there are many other things in life that are worth mentioning that are sad. Upvoting is not one of them. :spank: :spank:
This post was edited on 8/8/17 at 3:01 pm
Posted by NOFOX
New Orleans
Member since Jan 2014
10125 posts
Posted on 8/8/17 at 3:07 pm to
If you are considering a high trim vehicle, getting a manufacturer's extended warranty (extension of bumper to bumper) can make sense. It not only covers the powertrain for manufacturers who don't provide lifetime coverage, it also covers the more finicky 3rd party electronics stuffed into the higher trims that cost an arm & leg to repair or replace.

You also don't buy the $3k 3rd party extended warranty from the dealer that sells you the car. You go online and find the cheapest dealer in the country. A quick google search will generally give you the dealer who sells them at almost cost ($700-$1300).

You will also find that out of original warranty, good service centers will continue to search for even minor problems to fix under the extended warranty whereas they do not bother if the warranty is up. They also can help a lot with 3rd party resale value if you don't keep the car for the entire life of the warranty.
This post was edited on 8/8/17 at 3:12 pm
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33181 posts
Posted on 8/8/17 at 8:31 pm to
quote:

average about 215 per year.

big car salesman here baws. Just confirming that the Will Cover method is the best method if the big boy car salesman comes in here to trash talk it
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1848 posts
Posted on 8/9/17 at 6:56 am to
quote:

big car salesman here baws. Just confirming that the Will Cover method is the best method if the big boy car salesman comes in here to trash talk it


this arse clown never really came out and claimed what he does. All I wanted to do was say thanks to Will Cover and he hijacked the thread.
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