- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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
re: How stupid are the owners/managers at car dealerships?
Posted on 7/27/14 at 10:19 am to HubbaBubba
Posted on 7/27/14 at 10:19 am to HubbaBubba
That's not a bad chunk of advice.
A couple of things will complicate this process: a trade-in and if you want a specific vehicle with certain options. You aren't going to get full book retail on your trade and expect them to come off sticker 10 points.
Also, never lease. It's a sucker play 99X out of a 100.
A couple of things will complicate this process: a trade-in and if you want a specific vehicle with certain options. You aren't going to get full book retail on your trade and expect them to come off sticker 10 points.
Also, never lease. It's a sucker play 99X out of a 100.
2
Posted on 7/27/14 at 10:37 am to N2cars
quote:
Also, never lease. It's a sucker play 99X out of a 100.
For the people who get a new vehicle every 3-4 years it has to be better than buying
Posted on 7/27/14 at 10:41 am to Topwater Trout
It's not.
Posted on 7/27/14 at 11:20 am to N2cars
quote:
It's not.
Very true. It might help someone fiti a budget. If so, get a lower priced car.
Honestly, unless you're racking up tons of miles in stop and go traffic or always on rough bumpy roads AND putting on tons of miles, buy a car and keep it 3 - 6 years. Count the number of months you don't pay a car note x the payment amount. THEN come back and tell how awesome a lease is.
Posted on 7/27/14 at 11:24 am to N2cars
quote:
Maybe not 150, but there's a ton of 'em.
Hell I can think of maybe 25-30
Posted on 7/27/14 at 11:44 am to HubbaBubba
I think y'all are completely missing my point...plenty of people never pay off their new vehicle and always have a note. Trading in a vehicle they still owe on. With depreciation it can't be more sensible to buy a new vehicle every 3-4 years than it is to lease.
Posted on 7/27/14 at 11:54 am to N2cars
I haven't ever brought the Tahoe(one I am probably gonna trade in) when I look at a truck. I also want certain options, so the internet is where I do my searching. I don't really care about driving 3hrs to look at a truck, but when I drive 3hrs to look at a truck and the owner takes it out of town on vacation, I get aggravated.
I just don't understand why they don't want to sell these vehicles. My thought process is that making $500 off a sale is better than making no money off of a sale and losing money when you bring the vehicle to auction 3 months later because you were too dumb to budge on the price. If they hold out for $2500 profit, they probably get the sale 10-15% of the time, but if they came down to $500 profit, they'd get the sale 75-95% of the time.
In my mind for the used car market, high volume online dealerships make so much more money than regular dealerships because they aren't greedy. I'd speculate that they sell 95% of their vehicles because they price them correctly. People are more willing to settle on something if the price is right. I mean come on, the online dealership I bought my truck at said they normally made $15-45k/day. A regular used dealership probably sells 5 used cars on a regular day at $2000 profit. That is only $10k/day. They don't realize that the other style of selling is just blowing them out of the water?
I just don't understand why they don't want to sell these vehicles. My thought process is that making $500 off a sale is better than making no money off of a sale and losing money when you bring the vehicle to auction 3 months later because you were too dumb to budge on the price. If they hold out for $2500 profit, they probably get the sale 10-15% of the time, but if they came down to $500 profit, they'd get the sale 75-95% of the time.
In my mind for the used car market, high volume online dealerships make so much more money than regular dealerships because they aren't greedy. I'd speculate that they sell 95% of their vehicles because they price them correctly. People are more willing to settle on something if the price is right. I mean come on, the online dealership I bought my truck at said they normally made $15-45k/day. A regular used dealership probably sells 5 used cars on a regular day at $2000 profit. That is only $10k/day. They don't realize that the other style of selling is just blowing them out of the water?
Posted on 7/27/14 at 11:57 am to Hammertime
They don't care. The used market is shitty and they know it. They'll sell what they have as long as they aren't gouging horribly. Somebody right behind you will buy it.
Posted on 7/27/14 at 12:05 pm to Hammertime
Here is an example LINK. I see that they knocked the price down $1000 over the weekend. Truck is in really good shape other than a small dent with a scratch and the fact that it has so many miles. I drove it 3 weeks ago and it ran perfectly. I'd pay $8500 for the truck, and am pretty sure they paid around $6500 for it. Got serviced to fix an ABS sensor and washed, nothing else.
Do they really think that they are gonna be able to sell it at that price? I was gonna make a serious offer, and if they accepted I was gonna go buy it yesterday morning, but the guy's reply of "Oh, we don't take offers. We feel our prices are good and don't negotiate" completely turned me off. Now, instead of a surefire sale with a good profit, they are gonna sit on the thing for a couple of more months before bringing it to auction. It has already been sitting there for 43 days as per another online site. Greedy, greedy, greedy, and it fricked them on this deal. That greed has fricked them on many deals, and will continue to frick them on deals because of the stupidity of managers and owners.
Oh yeah, as this is the OT, I know it is cheap as frick. Well IDGAF and that is in the range that I feel like paying with cash for a vehicle(up to $14k). I also don't feel like owning something brand new because the older trucks are so much easier to work on when something goes wrong. A 5.3 or 6.0 are both damn reliable motors and they are easy to take care of
Do they really think that they are gonna be able to sell it at that price? I was gonna make a serious offer, and if they accepted I was gonna go buy it yesterday morning, but the guy's reply of "Oh, we don't take offers. We feel our prices are good and don't negotiate" completely turned me off. Now, instead of a surefire sale with a good profit, they are gonna sit on the thing for a couple of more months before bringing it to auction. It has already been sitting there for 43 days as per another online site. Greedy, greedy, greedy, and it fricked them on this deal. That greed has fricked them on many deals, and will continue to frick them on deals because of the stupidity of managers and owners.
Oh yeah, as this is the OT, I know it is cheap as frick. Well IDGAF and that is in the range that I feel like paying with cash for a vehicle(up to $14k). I also don't feel like owning something brand new because the older trucks are so much easier to work on when something goes wrong. A 5.3 or 6.0 are both damn reliable motors and they are easy to take care of
This post was edited on 7/27/14 at 12:14 pm
Posted on 7/27/14 at 9:32 pm to Hammertime
quote:
ere is an example LINK. I see that they knocked the price down $1000 over the weekend. Truck is in really good shape other than a small dent with a scratch and the fact that it has so many miles. I drove it 3 weeks ago and it ran perfectly. I'd pay $8500 for the truck, and am pretty sure they paid around $6500 for it. Got serviced to fix an ABS sensor and washed, nothing else.
Do they really think that they are gonna be able to sell it at that price? I was gonna make a serious offer, and if they accepted I was gonna go buy it yesterday morning, but the guy's reply of "Oh, we don't take offers. We feel our prices are good and don't negotiate" completely turned me off. Now, instead of a surefire sale with a good profit, they are gonna sit on the thing for a couple of more months before bringing it to auction. It has already been sitting there for 43 days as per another online site. Greedy, greedy, greedy, and it fricked them on this deal. That greed has fricked them on many deals, and will continue to frick them on deals because of the stupidity of managers and owners.
Oh yeah, as this is the OT, I know it is cheap as frick. Well IDGAF and that is in the range that I feel like paying with cash for a vehicle(up to $14k). I also don't feel like owning something brand new because the older trucks are so much easier to work on when something goes wrong. A 5.3 or 6.0 are both damn reliable motors and they are easy to take care of
what do you think that truck would bring at auction?
Posted on 7/28/14 at 12:21 am to Double Oh
Probably around $5500, but maybe $6500 on a good day
Posted on 7/28/14 at 10:24 am to Hammertime
they know how bad you want it, thats why they aren't budging on the price.you already drove it.....then called about it.should have just showed them xxx dollars when you drove it and said "take it or leave it"....and if they don't accept, move on and don't look back.but at this point, they probably have other people kicking the tires on it that will pay damn near full price.
Posted on 7/28/14 at 11:13 am to Hammertime
hard to believe they sell over 100 cars a day on some days...when they don't have a huge inventory
American Auto Brokers
unless that's not the same place
American Auto Brokers
unless that's not the same place
Posted on 7/28/14 at 11:24 am to HubbaBubba
quote:
Very true. It might help someone fiti a budget. If so, get a lower priced car. Honestly, unless you're racking up tons of miles in stop and go traffic or always on rough bumpy roads AND putting on tons of miles, buy a car and keep it 3 - 6 years. Count the number of months you don't pay a car note x the payment amount. THEN come back and tell how awesome a lease is.
You have absolutely no idea what you are talking about. You are telling people not to lease unless they are putting tons of miles on a vehicle????
If a person trades every three years and does not put many miles on a vehicle it is stupid not to lease.
Posted on 7/28/14 at 11:34 am to Hammertime
Truecar.com
Cargurus.com
Never get suckered again.
Cargurus.com
Never get suckered again.
Posted on 7/28/14 at 11:40 am to Mack10
quote:was great when it first came out.
Truecar.com
In fact, it was so good the dealers got pissed and made them change how much info they were giving up.
Posted on 7/28/14 at 11:43 am to mouton
quote:
If a person trades every three years and does not put many miles on a vehicle it is stupid not to lease.
Disagree.
Leasing is for suckers.
If you buy a new car every three years and put minimal miles on it, you will have an excellent trade piece. It will probably still be under factory warranty.
People that think they come ahead leasing also believe in the tooth fairy.
Posted on 7/28/14 at 11:46 am to N2cars
quote:
If you buy a new car every three years and put minimal miles on it, you will have an excellent trade piece
so the whole depreciation factor is a myth also?
Posted on 7/28/14 at 11:47 am to Saints72
There were probably 50-60 cars on the lot when I went there, and they also had a secondary lot that they went and pulled my truck from
I use cars.com, autotrader, and cargurus. Cargurus is good because it has some vehicles that dealerships don't advertise on the main car selling sites, and shows you how long they have been there
I use cars.com, autotrader, and cargurus. Cargurus is good because it has some vehicles that dealerships don't advertise on the main car selling sites, and shows you how long they have been there
Posted on 7/28/14 at 11:47 am to N2cars
My friend is leasing an M6 gran coupe and he went in there with cash to purchase it outright. Selling a 3 year old $130k car may be difficult if the vehicle isn't a success, or another brand starts offering a comp at a better price. They have to take it back, and he knows upfront his total liability.
Page 5 of 9
Back to top
Follow TigerDroppings for LSU Football News