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Started By
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re: Dealer wanting to know your payoff when trading in
Posted on 5/18/16 at 10:21 am to Jack Bauers HnK
Posted on 5/18/16 at 10:21 am to Jack Bauers HnK
quote:
you any accurate monthly payment figures or if you have already indicated that you have to stay within a certain monthly budget amount, then they need to know. If you are just negotiating total price, then it seems immaterial.
Never negotiate based on monthly payments
0
Posted on 5/18/16 at 10:23 am to The Mick
quote:
Then you lose the tax benefit of trading it in.
I guarantee the tax savings is not as much as the difference in trade in value
Posted on 5/18/16 at 10:29 am to gamatt53
the whole car buying process is a load of shite that I wish i could punch them all in the face.
you authorize them to run credit and the fricker comes back to your desk and gives you a range of ($385-$465) a month w/ no terms/apr's or fricking anything. Do i look like a piece of fricking shite you a-hole?
you authorize them to run credit and the fricker comes back to your desk and gives you a range of ($385-$465) a month w/ no terms/apr's or fricking anything. Do i look like a piece of fricking shite you a-hole?
Posted on 5/18/16 at 10:29 am to shawnlsu
Yeah, you really have to run the numbers to see which way is more beneficial.
Posted on 5/18/16 at 10:30 am to Chad504boy
quote:
you authorize them to run credit and the fricker comes back to your desk and gives you a range of ($385-$465) a month w/ no terms/apr's or fricking anything. Do i look like a piece of fricking shite you a-hole?
I would rather bring my own financing than do it through the dealer. It's really that nausea inducing to deal with these folks who are slimier than lawyers and politicians. It's a necessary evil, like going to the dentist, to buy a car from a dealer.
This post was edited on 5/18/16 at 10:31 am
Posted on 5/18/16 at 10:31 am to gamatt53
That tax thing is way overrated.
Posted on 5/18/16 at 10:39 am to AlxTgr
quote:
I don't understand this line of thinking at all.
You don't understand that asking about loan payoff on a trade as the very first part of the deal is strange?
Posted on 5/18/16 at 10:40 am to AUjim
quote:
That tax thing is way overrated.
Depends on what you are trading in. IN La. the sales tax is almost 10%. If you are trading in something nice it can make a decent difference. I usually try to sell on my own and do an in/out at a dealer so I can get that sales tax credit if possible.
Posted on 5/18/16 at 10:42 am to Ace Midnight
quote:
who are slimier than lawyers
i resemble that remark, but at least we aren't no. 1 on the slime list!
(off-topic, we business lawyers really suffer from the billboard lawyers of the world--not that there's anything wrong with that.)
Posted on 5/18/16 at 10:42 am to achenator
In and out is the way to go, but some dealers are pissy about it.
F& I men are a PITA.
F& I men are a PITA.
Posted on 5/18/16 at 10:44 am to McLemore
quote:
i resemble that remark, but at least we aren't no. 1 on the slime list!
For the record, I'm a lawyer, too. But I'm a self-aware one.
quote:
suffer from the billboard lawyers of the world
It's the 95% that give the rest of us a bad name.
Posted on 5/18/16 at 10:45 am to LNCHBOX
quote:No not at all. They are going to have to deal with that lienholder.
You don't understand that asking about loan payoff on a trade as the very first part of the deal is strange?
Posted on 5/18/16 at 10:45 am to Schmelly
quote:
Schmelly
There's a guy who posts on here that has posted tips on how to negotiate when buying a new vehicle.
Can't remember his name, but maybe somebody can point you to his posts about this subject?
Posted on 5/18/16 at 10:46 am to Ace Midnight
Nah, lawyers have vastly improved their rep over the past few years.
Posted on 5/18/16 at 10:49 am to colorchangintiger
Negative they may give you a number to show you on the buyers order but the actual cash value ACV of your trade may be less than you owe. They call this over allowing. They just add the difference to the front end or selling price. Its all a game to show more for your trade which will also increase you tax credit.
Posted on 5/18/16 at 10:50 am to N2cars
Sounds like someone went to an All Star dealership. Come see me if you want a 'real' deal/offer
Posted on 5/18/16 at 10:50 am to N2cars
quote:are a sorry lot.
lawyers
Posted on 5/18/16 at 10:52 am to AlxTgr
quote:
No not at all. They are going to have to deal with that lienholder.
I've bought and traded lots of cars over the years, and it's never been the first thing discussed. It gives the dealer leverage early unnecessarily, and I make a habit of not giving leverage when I don't have to. Talking about loan payoff and wanting to call the bank as the first step of a negation is extremely odd.
Posted on 5/18/16 at 10:53 am to N2cars
quote:
F& I men are a PITA.
This is actually who I deal with on my Fords. I made friends with my F&I guy lol. Everything is done through text before I get there. I have a couple other friends in the biz that I call and get a realistic value on my trade before we determine that price though.
This post was edited on 5/18/16 at 10:54 am
Posted on 5/18/16 at 10:53 am to Will Cover
There are 3 ways they try to get money out of you. Selling price, trade in and interest financing. They will get you on all 3 of you don't know what you're doing. 9 times out of 10 you are better off with outside financing because the dealer will "buy" an interest rate of 7.25 but "sell" the customer a rate of 9.25. The back end take a the profit. Never negotiate payment. Only gross profit. Selling price minus trade in.
This post was edited on 5/18/16 at 10:55 am
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