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re: Updated v.3.16 - Will Cover's 2018 buying guide to purchasing a new vehicle

Posted on 4/23/18 at 8:18 am to
Posted by TigrrrDad
Member since Oct 2016
7908 posts
Posted on 4/23/18 at 8:18 am to
quote:

For the record, someone in this very thread got 10k off using the Will Cover method and they aren't even an "expert" like you. You're just being a cocksucker because someone does something different than you


I didn’t say I got $7,000 off - I said I got it for $7,000 less than the 3 local dealers’ BEST price. Way to misquote me to try to prove an invalid point.

And on my Jag I got $19,000 off sticker.

With a thorough online search, you’ll often find major market out of state deals with even ADVERTISED prices lower than local “best” negotiated prices.

I’m not being a cocksucker “because someone does something different.” I’m being an a-hole because I AM an a-hole, but that’s beside the point. In a thread about the best way to buy a car, I’m pointing out a simpler and far more effective method. But I totally understand if you aren’t a fan of superior efficiency and effectiveness. I hope that works out for you.
This post was edited on 4/23/18 at 8:33 am
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 4/23/18 at 8:36 am to
quote:

When I sat down in the finance room after agreeing to a price, the finance guy goes “I hear you’re a peach.”


I've said this before, but I had one ask if I was like a Doctor or an Engineer or something, because I kept calling him out on his BS about interest rates. He tried to explain it to me like I wouldn't understand compounding interest. You can tell he was used to dealing with people who wouldn't question him. I ended up walking out of that deal in the finance office due to my phone blowing up from another dealership offering lower than dealer cost plus holdbacks. That guy freaked out when he lost the sale. Took 5-10 minutes to get around the manager to get back to my car to leave . I flat out told them why and they didn't believe the pricing at the other dealership...but it was real.

So that leads me to what I think I learned most from the Will Cover method. Walk away and don't mention your price! The dealership we bought from was the first we visited. Nice guys to deal with and they flat out told me they didn't want me to leave. Said they know 80% of people who walk out the door never come back. Asked me what it would take. I told them I had to go look at another car and it didn't matter what was offered, I was going look there first. That's when the crazy offers started coming in by phone. Must have been an end of the month back end deal with the manufacturer for them. Everything I saw was ~4k below dealer cost plus hold back if I recall correctly.
Posted by the LSUSaint
Member since Nov 2009
15444 posts
Posted on 4/23/18 at 8:52 am to
Let me help. Find a 2017 car you love. For a search and find a used one with 15k miles. Run a carfax report to make sure its clean.
Make an offer according to trade value in kbb (probably what used car dealer paid at auction, or fricked someone out of on trade)

But and walk out knowing you have your vehicle and saved a TON over buying new. And if it's a reputable seller, factory warranty is still valid.

WHY WOULD YOU BUY NEW? EVER?

Posted by LNCHBOX
70448
Member since Jun 2009
88576 posts
Posted on 4/23/18 at 8:54 am to
quote:

Let me help. Find a 2017 car you love. For a search and find a used one with 15k miles.


Late model with low miles and you think you're getting the best deal? Bless you little heart.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 4/23/18 at 9:12 am to
quote:

TigrrrDad


You are 100% correct in stating you should never have to step foot into the dealership until you’re ready to accept the vehicle and sign the paperwork. I’ve personally done it by dealerships bidding against each other down to where they have no profit minus the volume discount.

As far as used car trade in most dealerships will do a sight unseen quote which they will honor no matter what based on vehicle make, model, miles, and VIN search. In the past for a 2010 Ford Explorer with 70k miles I was offered way above the Mannheim black book value and more in line with KBB excellent value. Overall I was very happy and gladly accepted the tax benefit (Texas) of the trade in at the dealership vs privately selling (time is money).
This post was edited on 4/23/18 at 9:13 am
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135325 posts
Posted on 4/23/18 at 9:21 am to
quote:

5. Never negotiate off “MSRP.” The negotiation process should start from the DEALER COST (which is less than INVOICE) price or the WHOLESALE price if purchasing a USED vehicle. 6. Rebates can be deducted from INVOICE price and not MSRP as the dealership will lead you to believe.



Been saying this for years, but people on here think negotiation from MSRP is the right move.
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 4/23/18 at 9:24 am to
(no message)
This post was edited on 2/13/25 at 8:01 pm
Posted by lsu1919
Member since May 2017
3244 posts
Posted on 4/23/18 at 9:37 am to
quote:

What does compound interest have to do with financing a vehicle?






Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe. - Albert Einstein
This post was edited on 4/23/18 at 9:48 am
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 4/23/18 at 10:14 am to
(no message)
This post was edited on 2/13/25 at 8:00 pm
Posted by LNCHBOX
70448
Member since Jun 2009
88576 posts
Posted on 4/23/18 at 10:17 am to
quote:

Been saying this for years, but people on here think negotiation from MSRP is the right move.



No, you've been saying that you can't compare deals that are based off MSRP. You get blasted for being a dumbass in all car buying threads and never backing up your claims.
Posted by lsu1919
Member since May 2017
3244 posts
Posted on 4/23/18 at 11:16 am to
quote:

But, you do realize that auto loans are simple interest loans correct?


Posted by 756
Member since Sep 2004
15752 posts
Posted on 4/23/18 at 11:28 am to
quote:

The dealer takes the auction price of the vehicle normally from Mannheim.


This

If they give you KBB or NADA trade they are killing you on the sale price
This post was edited on 1/8/19 at 12:55 pm
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135325 posts
Posted on 4/23/18 at 11:30 am to
quote:

LNCHBOX


You just love to follow me and post nonsense, don't you. It's an obsession.

I'm just repeating what I've said before. You don't have to like it.

I've told you before, if you feel good about negotiation from MSRP, then do so. If you aren't willing to research pricing, that isn't my fault.
This post was edited on 4/23/18 at 11:32 am
Posted by LNCHBOX
70448
Member since Jun 2009
88576 posts
Posted on 4/23/18 at 11:32 am to
quote:

You just love to follow me and post nonsense, don't you. It's an obsession.



You wish you were that important to me.
quote:

I've told you before, if you feel good about negotiation from MSRP, then do so. If you aren't willing to research pricing, that isn't my fault.


I never said don't do research, but great advice.
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 4/23/18 at 11:32 am to
(no message)
This post was edited on 2/13/25 at 8:00 pm
Posted by bengalbait
Grove Lounge
Member since Sep 2009
4588 posts
Posted on 4/23/18 at 12:27 pm to
Thanks, book marked.
Posted by the LSUSaint
Member since Nov 2009
15444 posts
Posted on 4/23/18 at 1:36 pm to
quote:

Late model with low miles and you think you're getting the best deal? Bless you little heart.


My 2015 e300 sitting in the driveway says hi..bought last year, so yeah, 2 to 3 years old

I'm closely linked to the car biz arena though...bless you too
Posted by gsvar2004
Member since Nov 2007
8735 posts
Posted on 4/24/18 at 10:38 am to
I’m finding it harder and harder to get them to work with you through text and online. What am I doing wrong?!?
Posted by rld280z
Richmond, VA
Member since Mar 2018
142 posts
Posted on 4/24/18 at 10:45 am to
I have bought late model used cars every time
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
86323 posts
Posted on 4/24/18 at 10:51 am to
quote:

Late model with low miles and you think you're getting the best deal? Bless you little heart.
What is it you are trying to say?
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