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re: The new/used car sales business model is broken and defies logic
Posted on 11/7/17 at 9:09 am to toosleaux
Posted on 11/7/17 at 9:09 am to toosleaux
These dealers put a lot of time and effort into coming up with a sticker price that they feel is fair for both sides and you just shite all over it. Would you tell the grocery store that $2.49 is too much to pay for oatmeal?
Posted on 11/7/17 at 9:10 am to toosleaux
quote:
There's got to be a better way.
Go online...
Posted on 11/7/17 at 9:11 am to YouAre8Up
quote:Carmax sells there cars at high retail value with zero negotiations. You pay a premium there. There isn't a car sold at Carmax that you couldn't find a better deal on with 20 minutes or less of searching.
The car prices on the window stickers at CarMax are for the most part set at blue book value.
This post was edited on 11/7/17 at 9:13 am
Posted on 11/7/17 at 9:12 am to YouAre8Up
quote:
The car prices on the window stickers at CarMax are for the most part set at blue book value.
The price CarMax advertises is high compared to what you'd pay anywhere else. People pay it for the no haggle aspect. That doesn't make it a good price.
Posted on 11/7/17 at 9:13 am to LNCHBOX
You have people in here suggesting Carvana and CarMax, which is exactly my point. They are suggesting you go into a place of business with a product for sale that is clearly labeled with a price like any retail establishment, select the one that fits your needs and budget and purchase it.
Why bitch about how difficult a dealership is when the ones complicating it are the ones bitching. a salesman cant be sleezy if he is just explaining the product to you and you buy it.
Why bitch about how difficult a dealership is when the ones complicating it are the ones bitching. a salesman cant be sleezy if he is just explaining the product to you and you buy it.
Posted on 11/7/17 at 9:13 am to Tshiz
Capital One has a car-buying component to their website. That's what we did, went to their site, searched the cars we wanted by all the various criteria: price, make, model, year, and mileage. Chose the cars on the site, got pre-approved and went with that in-hand to the dealer.
Posted on 11/7/17 at 9:14 am to TigerRob82
quote:
You have people in here suggesting Carvana and CarMax, which is exactly my point. They are suggesting you go into a place of business with a product for sale that is clearly labeled with a price like any retail establishment, select the one that fits your needs and budget and purchase it.
And people like me say those are equally bullshite with higher than should be paid prices.
quote:
Why bitch about how difficult a dealership is when the ones complicating it are the ones bitching. a salesman cant be sleezy if he is just explaining the product to you and you buy it.
Yall are all fricking sleazy. Your industry demands it.
Posted on 11/7/17 at 9:14 am to TigerRob82
How much do you average commission on new car sales?
Used?
Used?
This post was edited on 11/7/17 at 9:15 am
Posted on 11/7/17 at 9:15 am to toosleaux
Money Board>Will Cover method
Posted on 11/7/17 at 9:16 am to TigerRob82
Thread hijack:
I am considering trading in my wife's 4runner. She has quite a few dings with scuffs on the dings and one big dent. Is it worth it for me to try and get the dent removed and the dings buffed? Also, the back bumper needs to be replaced. Should I do that before trying to trade it in? Will the money spent be recouped i trade in value? Thanks.
I am considering trading in my wife's 4runner. She has quite a few dings with scuffs on the dings and one big dent. Is it worth it for me to try and get the dent removed and the dings buffed? Also, the back bumper needs to be replaced. Should I do that before trying to trade it in? Will the money spent be recouped i trade in value? Thanks.
Posted on 11/7/17 at 9:16 am to toosleaux
The main problem is that these dealerships have lobbied the legislature to pass laws that prevent competition.
Ever wonder why a dealership is the only “Ford” dealership in the area? Or why you can’t go to a Walmart like place and see multiple different models? That’s because of the law.
Ever wonder why a dealership is the only “Ford” dealership in the area? Or why you can’t go to a Walmart like place and see multiple different models? That’s because of the law.
Posted on 11/7/17 at 9:18 am to toosleaux
Went through Costco. It was extremely painless and all the negotiating is done through their fleet invoicing.
If trading in, you can also go to carmax prior and get 2 appraisals, then take trade to dealer. If trade is more you can take it, if not take carmax offer or use it to negotiate trade.
Did this as well and got $1000 under clean retail for wife’s Honda
If trading in, you can also go to carmax prior and get 2 appraisals, then take trade to dealer. If trade is more you can take it, if not take carmax offer or use it to negotiate trade.
Did this as well and got $1000 under clean retail for wife’s Honda
Posted on 11/7/17 at 9:19 am to Janky
You would get much greater value selling it yourself. If you get a good deal on the repair work, you will get your money back in the sale. Used 4 runners hold their value.
If you are trading it, you will almost certainly not get your money back, but you are also going to get shite for trade value.
If you are trading it, you will almost certainly not get your money back, but you are also going to get shite for trade value.
This post was edited on 11/7/17 at 9:29 am
Posted on 11/7/17 at 9:20 am to Janky
Highly doubt the value will increase $ for $ on the repair. You can ask how much the are deducting for the dent and see if its worth it.
Posted on 11/7/17 at 9:21 am to SlapahoeTribe
quote:Probably based on manufacturer and dealer agreements.
Ever wonder why a dealership is the only “Ford” dealership in the area?
Posted on 11/7/17 at 9:21 am to toosleaux
quote:
There's got to be a better way.
There is. But you'll end up paying more than if you are "armed" and prepare yourself for "battle."
I actually enjoy the process. I don't do it often, so I am sure that helps. But I'm confident in my negotiating skills and know how to handle the sales person, their manager and the F&I guy.
Posted on 11/7/17 at 9:26 am to toosleaux
A car is worth what someone is willing to pay for it.
I go to a dealership and tell them what I'd pay for a car I want.
If they are unwilling or unable to meet it, I thank them for their time and go to another dealership.
As far as car salesmen not being sleazy, I've looked online at prices but not said a word to the salesman that I've been browsing online. Asked how much he thinks he can get me out the door on a vehicle (that had end of the year closeout pricing) and he said it would end up sticker price once you factor taxes and fees- almost 7k more than advertised online price.
I didn't say a word, I just thanked him and left. Crooks.
I go to a dealership and tell them what I'd pay for a car I want.
If they are unwilling or unable to meet it, I thank them for their time and go to another dealership.
As far as car salesmen not being sleazy, I've looked online at prices but not said a word to the salesman that I've been browsing online. Asked how much he thinks he can get me out the door on a vehicle (that had end of the year closeout pricing) and he said it would end up sticker price once you factor taxes and fees- almost 7k more than advertised online price.
I didn't say a word, I just thanked him and left. Crooks.
Posted on 11/7/17 at 9:26 am to Quatre Pot
Yeah I did all mine online or over the phone. Came in and it took an hour. Got it under invoice.
Posted on 11/7/17 at 9:26 am to toosleaux
Pretty accurate account for local used car dealers. I've not experienced this for my last 4-5 cars because I used the internet... more specifically Ebay Motors. Find the car I want, which I will usually find in Dallas... make offer, sometimes a slight email/text dance about price or maybe a day or two wait until they do whatever they do to "find a way", but they usually beat anything local by a long shot. The catches are: I buy cash, the fight to Dallas, then 6-7 hour drive home......
It's still pretty much a choose your poison situation any way you go. I just find I get infinitely more choices, usually find EXACTLY what I want, not just what is available locally, and much better prices,... online... there's still substantial time involved as well....same but different...
It's still pretty much a choose your poison situation any way you go. I just find I get infinitely more choices, usually find EXACTLY what I want, not just what is available locally, and much better prices,... online... there's still substantial time involved as well....same but different...
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