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Started By
Message
re: Myth about paying cash for cars
Posted on 8/8/14 at 12:55 pm to Coach Guidry
Posted on 8/8/14 at 12:55 pm to Coach Guidry
Your local dealer would never sell me anything.
Last car I bought was simple. I told them what I was willing to pay, they agreed to it, and that's what I paid. Took about an hour.
Last car I bought was simple. I told them what I was willing to pay, they agreed to it, and that's what I paid. Took about an hour.
2
Posted on 8/8/14 at 12:59 pm to DownshiftAndFloorIt
quote:
Your local dealer would never sell me anything.
Mine?
Posted on 8/8/14 at 1:02 pm to seeLSUrun
quote:
"Um, no" Jesus Christ, go get a set of fricking tires, that's a grand there. To be clear, dealers pay for the reconditioning just like you would if not at a bit of a discount (though they generally deal with outside vendors for this) and $1000-$1200 is absolutely nothing when it comes to getting your jizz stains off the back seat
I sold my last car private sale on. Craigslist. I spent $120 on a premium detail. All of the jizz stains came off.
Not every car needs repairs, tires, etc.; dealers will do the minimum on it to present it for resale.
Posted on 8/8/14 at 1:02 pm to Coach Guidry
Remember, if you're in the car business or are an apologist (a-thank you) you represent all of them at once so if you're a auto dealer in Nola, it's YOUR dealer that wouldn't make the deal
Posted on 8/8/14 at 1:19 pm to Coach Guidry
quote:Unless I'm missing something here I've never known of a dealership to offer 0%. Manufacturers offer 0% on new vehicle purchases and you usually have to give up some rebate money to get it. And 0% is 0%...If you finance $21000 @ 0% for 60 months the payment is $350 a month. No way to tamper with zero
Im happy our dealership never offers this
Posted on 8/8/14 at 1:22 pm to The Third Leg
Every car need mechanical work, they're machines and are only guaranteed to break and depreciate, other than that it's a crapshoot. Buying private gives you little to no recourse on buying a piece of shite car because the problem it had was easy to slap a bandaid on for the sale.
You think dealers are dishonest? We are regulated by the state and the Feds. Joe McCuntstein from craigslist isn't liable for dick beyond the actual transfer of ownership
You think dealers are dishonest? We are regulated by the state and the Feds. Joe McCuntstein from craigslist isn't liable for dick beyond the actual transfer of ownership
This post was edited on 8/8/14 at 1:24 pm
Posted on 8/8/14 at 1:24 pm to Rolltide10
quote:
$21000 @ 0% for 60 months the payment is $350 a month. No way to tamper with zero
The amount you're financing is tampered with. Money is never free. In any business.
Folks should negotiate medical bills the way they negotiate car deals.
Posted on 8/8/14 at 1:25 pm to seeLSUrun
quote:
don't let them frick your brand up
This right here is gold.
Some will understand, some won't.
The day the company I worked for started not delivering on the promises I made, I left.
You only get to sell your name once. Make it count.
Posted on 8/8/14 at 1:30 pm to seeLSUrun
quote:No they do not
Every car need mechanical work
Posted on 8/8/14 at 1:30 pm to Coach Guidry
quote:Absolutely!!!
Folks should negotiate medical bills the way they negotiate car deals
Posted on 8/8/14 at 1:32 pm to Rolltide10
quote:
Folks should negotiate medical bills the way they negotiate car deals
I tried this at a restaurant once. Told the waitress the burger joint down the street was 75 cents cheaper and they threw in the fries. Joking of course.
She looked at me and said "umm I don't know, ill talk to the manager"
Posted on 8/8/14 at 1:33 pm to Coach Guidry
quote:
Every car need mechanical work
Yes they do. Whether is be a tune-up or 160 point inspection, it needs something. If my name is going on the Bill of Sale...you better believe it will be flawless.
Posted on 8/8/14 at 1:35 pm to seeLSUrun
The buyer took mine to a mechanic - a hundred bucks, out the door, for a full inspection report on the vehicle.
It's just a lower value used car. If something breaks, they can fix it.
I think dealers inflate costs. Whether they are real or not is irrelevant to me. In example, my wife has a Bimmer, which is expensive to be serviced at the dealer so I have an independent guy that I take it to. He uses all of the same equipment, is certified by the same bodies, and has a reputation to protect. His prices are considerably less than the dealer, often half.
It's just a lower value used car. If something breaks, they can fix it.
I think dealers inflate costs. Whether they are real or not is irrelevant to me. In example, my wife has a Bimmer, which is expensive to be serviced at the dealer so I have an independent guy that I take it to. He uses all of the same equipment, is certified by the same bodies, and has a reputation to protect. His prices are considerably less than the dealer, often half.
This post was edited on 8/8/14 at 1:42 pm
Posted on 8/8/14 at 1:39 pm to Coach Guidry
quote:
Folks should negotiate medical bills the way they negotiate car deals.
You don't negotiate your share of medical bill?
You are leaving lots of money on the table
Posted on 8/8/14 at 1:40 pm to Coach Guidry
Man people just don't realize the value of a good F&I guy. If he's empathetic and thorough he can save you considerable money while still protecting the deal and profit. It's all a matter of approach and the ability the individual has to relate information in a way that it makes as much sense to the customer as it does to the F&I guy. It's a hell of a ballet and one that I loved. The thing we always knew though....we are better at this than you
Posted on 8/8/14 at 1:43 pm to Rolltide10
quote:
Manufacturers offer 0% on new vehicle purchases and you usually have to give up some rebate money to get it
This was my point earlier.
I don't know why people think GM or Ford don't pay interest, they do.
For awhile GM was paying a metric shite-ton, but that's another story.
Posted on 8/8/14 at 1:43 pm to DownshiftAndFloorIt
I do the opposite. I tell them exactly what I want and tell them to find it for me. On my truck the local toyota dealership could not get it, and that was Texas, Louisiana, and Mississippi. I put down $500 and told them I'd buy it at sticker if they found it. Nope. Called Alabama and they have different search states. Found one in Florida, I ended up paying $1k over sticker. fricking a though, I got what I wanted to a T.
It was worse for the wife's car.
It was worse for the wife's car.
Posted on 8/8/14 at 1:45 pm to Coach Guidry
quote:
The amount you're financing is tampered with. Money is never free. In any business.
Yep. And I learned back in an accounting class that it is considered GAAP for the dealer to record the sale at lower than the financed amount at 0% and they record interest income based on market rate. So if you sold a 20k car, and the financing was set at 0%, the customer sees it as 20k financed over X years and pays no interest. The dealer records the sale at, say 18k, and over the life of the loan records 2k in interest income.
Posted on 8/8/14 at 1:49 pm to seeLSUrun
quote:
we are better at this than you
Don't you think you should be?
I never had a problem with that aspect, but if you're gonna BS me on simple math, forget to deduct the taxes from the trade allowance, or just out-and-out lie, that's not being "better than me", that's being straight-up dishonest.
You don't seem like this.
Posted on 8/8/14 at 2:04 pm to N2cars
quote:
Don't you think you should be?
Yes, and being able to demonstrate that to your customers in a non derogatory or confrontational way tips the scales in my favor considerably. If you make it apparent that not only do you know what you're talking about but that you know it so well that you can make it to where everyone in the office benefits they're putty in your hands. Confidence and presentation, not lying and misdirection, are the keys to being a successful closer
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