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re: WIll Cover Buying tips-it works

Posted on 8/9/17 at 7:07 am to
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2526 posts
Posted on 8/9/17 at 7:07 am to
Lol @ upperdecker. Choupique....good for u I'm thrilled you felt like u got a good deal. At the end of the day that's all that really matters.
Posted by GFunk
Denham Springs
Member since Feb 2011
14970 posts
Posted on 8/9/17 at 9:40 am to
quote:

basiletiger

quote:

Lol @ upperdecker. Choupique....good for u I'm thrilled you felt like u got a good deal. At the end of the day that's all that really matters.



When you're buying and selling an "unfathomable," 215 cars "on average," every year, I guess you don't have time to use the other two letters of the alphabet for pesky things like personal pronouns.

If that's all that really matters, why were you here referring to tactics used here as idiotic, telling folks to get out of the thread and then scoffing at discussion topics? None of which had anything to do with this thread or the OP.

Nevermind your penchant for, "getting the last word," regardless of how you come off. I'm digressing. I know. I'm sorry.

It just seems there's far more here you think matters than just whether they got a good deal based on your responses here. Disagreeing would seem...I dunno...unfathomable!?

This thread is quickly turning into a MT Board Classic.
Posted by OMapologist
Member since Oct 2015
630 posts
Posted on 8/9/17 at 10:09 am to
I recently used several tips from the Will Cover method when purchasing a used Toyota 4Runner.

I was pre-approved and funded and negotiated as a cash buyer.

The list price was $11,500; but the out-the-door-price after tag,tax,title was something like $13,200.

I told them I'd take the car at $12,000 and the sales rep said we could work it out. He came back with the aforementioned $13,200. I balked at that price, mostly by being silent, staying firm at my number, and telling the dealer that I would be around for the rest of the weekend (this was on a Friday), but I was from out of town (I was) and they could call me if they could meet my price. I was insinuating that I was about to leave.

The dealer got down to $12,100 out-the-door and that's when I used the If I buy today line. "If I agree to $12,100, then I want floor mats included." They tried to only give me 2 floor-mats, but they ended up giving me the 4 nice rubber floor-mats I wanted.

I know $1,000 off may not seem like much, but it's a significant % when you're talking about cars in this price range.

I think it helped tremendously that it was at the very end of the month. The dealership seemed very motivated to sell.

Thanks Will Cover!
This post was edited on 8/9/17 at 10:11 am
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16416 posts
Posted on 8/9/17 at 10:28 am to
I used Will Cover's method somewhat on my purchase last week. I think the key Will Cover is trying to make with his method is that you need to be prepared when you walk in there to buy. If you have a trade, know what your trade is worth and be prepared to negotiate your position with documentation of the estimated value from various sources. Same with negotiating the sales price of the new car. Research online what others in your area have paid for similar models and let that be your starting point for negotiations. During my research, I grabbed that information from TrueCar. Always, always don't be afraid to walk out the door.

I purchased a 2016 Pathfinder SL last week. I traded in a 2011 Kia Sorrento LX. After test driving the car, we started talking about price. Because of my research beforehand, I already knew the car was already priced to move off the lot. So I knew that going in the door. The sales manager asked if we had a trade, I said yes. They evaluated the trade and tried to low ball me. I told them I knew what the value of my trade was and showed them the documentation from various sources. I also told them I knew what they will likely sell the car for as well. I pulled out documentation what similar Kia's with similar mileage and features were being listed for. I looked the sales manager dead in his eye and I said this is what I want for my vehicle and if I don't get this, I'm walking out the door. He looked back at me and said, we aren't matching that and is the amount we'll give you on your trade. I told my wife to pack up, let's go.

Long story short, I ended up getting what I aimed for on my trade and also got $1,000 off the list price off of a vehicle that was already priced to move off the lot.

The lesson with any negotiation is preparation is key.

With all that being said, I told my wife as we were driving off the lot in our new car I still feel like I got beat in the end.
This post was edited on 8/9/17 at 10:56 am
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2526 posts
Posted on 8/9/17 at 11:51 am to
@ G to the funk. Don't be sorry.


Don't disgress. I've really enjoyed jerking your chain. Your vocabulary excites me.

Especially the use of "Penchant". Perception on your part is not reality.
This post was edited on 8/9/17 at 11:59 am
Posted by swanny297
NELA
Member since Oct 2013
2189 posts
Posted on 8/9/17 at 2:43 pm to
I just had my Ac compressor and TOC lines replaced on my truck - 27000 miles but out of factory warranty (truck is 3.5yrs old) - $1800.00 - my extended warranty was $1500 so it has paid itself already. Sometimes You can shop around and get better deals. Lots of electrical gremlins in our vehicles and fixes get very expensive quick.
Posted by TigrrrDad
Member since Oct 2016
8068 posts
Posted on 8/9/17 at 3:43 pm to
Emotions are irrelevant if you deal online. Pretending you're not trading in is irrelevant. Pretending to walk out is irrelevant. The best way by far is to pick a distance you're willing to travel to pick up the car (or meet them halfway or bring it to your doorstep). Find every dealer with the car/color/options you want, and simply send an email. Get their deals, play them against each other, and you'll get the best price. Far less hassle than ever stepping foot in a dealership, and you almost always find better deals out of state or in major cities.
It doesn't matter if you're telling them up front about the trade. The only thing that matters is the difference between the trade and the purchase price. They can assign the numbers any which way they choose - only the difference between the two matters.
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2526 posts
Posted on 8/9/17 at 3:59 pm to
golden tigrrrDad.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58468 posts
Posted on 8/9/17 at 4:56 pm to
i've used it twice!
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58468 posts
Posted on 8/9/17 at 4:58 pm to
quote:

The above has to be the most idiotic statement ever made.

Also, an extended warranty isn't a bad buying decision. You have insurance don't you?

Go ahead and have mechanical problems after 36,000 miles without an extended warranty. You will be kicking yourself in the arse for not considering it.


are you joking. The verys first truck i bought coming out of college they offered the extended warranty which was 2.5k or 3.5k i dont remember. After going back and forth they were offering me the same warranty for 600 bucks. So if you dont think it is a racket, i cant keep you from being dumb.
Posted by Willie Stroker
Member since Sep 2008
16343 posts
Posted on 8/9/17 at 5:24 pm to
quote:

So if you dont think it is a racket, i cant keep you from being dumb.


I'd say it differently. It's definitely a gamble, and the odds heavily favor the dealer or whomever is selling the extended warranty - otherwise it would not be profitable for them.

It would definitely be foolish to buy an extended warranty for vehicles known for their reliability.
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2526 posts
Posted on 8/9/17 at 5:38 pm to
So they started at $3,500 or $2,500 but you can't remember and walked it down to $600........I bet you had your poker face on too, which caused the finance mgr to walk the warranty from $3,500 all the way down to about $1,000 under cost. I've heard it all.
Posted by Fat Bastard
alter hunter
Member since Mar 2009
90606 posts
Posted on 8/10/17 at 7:59 pm to
quote:

Keep telling yourself the dealership took an actual loss on the car they sold you.




dealers do take losses on front end at times and sell below invoice. you need to do some research and educate yourself. look it up. Per truecar i completely raped the dealer. that is the main theme here. second time i have done it to same dealer. My vehicle also had more packages included for the price i got it at versus other prices they were asking for lower level packages.
Posted by Will Cover
Davidson, NC
Member since Mar 2007
40141 posts
Posted on 8/10/17 at 8:16 pm to
quote:

With all that being said, I told my wife as we were driving off the lot in our new car I still feel like I got beat in the end.



I've always said that the definition of a "good deal" is when both parties walk away from the transaction feeling as if they both got screwed.

You think you paid too much. The dealer thinks they didn't get enough.

Posted by Will Cover
Davidson, NC
Member since Mar 2007
40141 posts
Posted on 8/10/17 at 8:17 pm to
quote:

Mapologist


Hope you enjoy your 4Runner. Treat it right and it will last longer for you than you'll want to drive it.

Posted by CaptN
Prairieville
Member since Jan 2013
385 posts
Posted on 8/11/17 at 10:57 am to
quote:

disgress


?
Posted by BowDownToLSU
Livingston louisiana
Member since Feb 2010
21490 posts
Posted on 8/19/17 at 9:03 am to
Bookmarked
Posted by Konkey Dong
Member since Aug 2013
2363 posts
Posted on 8/19/17 at 9:37 am to
I'm in the market for a new truck. Can you let us all know where you work? That way I can stay clear the frick away from the place
Posted by Passing Wind
Dutchtown
Member since Apr 2015
4841 posts
Posted on 8/19/17 at 10:59 am to
quote:

Go ahead and have mechanical problems after 36,000 miles without an extended warranty. You will be kicking yourself in the arse for not considering it.

Smart financial people would take the cost of warranty you're financing, and divide that by rough months it would take to get to 36,000 miles. Pay that value monthly into savings, and you'll have more than enough to cover the repairs, plus you're not paying interest for the life of the loan on that either & earning interest.
This post was edited on 8/19/17 at 11:00 am
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
74160 posts
Posted on 8/19/17 at 12:07 pm to
quote:

On average about 215 per year.
It's as easy as A-B-C:

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