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Car Dealers, What A Bunch Of Numbskulls
nunn
Forums Admins, Member, Moderator Posts: 36,004 ******
Car dealers are a funny lot. Letting a cash deal walk out the door, just because you have to wait a week for your money, doesn't make sense. Your loss, El Dorado Chevy of McKinney, Texas.
The idiots left $20G cash, sitting on the table. If they call back, to try and reconcile, the price will be going down considerably.
No worries. We didn't walk into the dealership, and we didn't walk out. Our Acadia is still running manfully.
The idiots left $20G cash, sitting on the table. If they call back, to try and reconcile, the price will be going down considerably.
No worries. We didn't walk into the dealership, and we didn't walk out. Our Acadia is still running manfully.
Comments
I would bet they will be calling you. I am surprised they did not stop you as you were walking out the door, and calling their bluff.
Then a few days later I get calls from the AH's I walked out on, "Well, I talked to the boss and got him to come down a little bit but you are going to have to meet me halfway. We can't buy the vehicle for what you are offering - we would lose money, yada, yada, yada...."
"You had your chance. I even warned you." CLICK!
I had an uncle who could talk the horns off a billy goat. He taught us boys that most of the time, a sellers final offer was not his lowest offer. A lesson we have all used at one time or another!!
It didn't even take one minute and the sales manager was calling to apologize for his idiot salesman. We got the extra set of keys plus some floor mats and the price was lowered approx. $100 bucks.
The biggest one is to determine EXACTLY what you want in a new car. Then, create a 'burn' email account that you can delete later so they don't flood your real email box with spam from now until infinity. After that, email every new dealership with with exactly your desired car and tell them to include ALL fees that will be required to drive off the lot with the new car. Choosing her range, she started with a 100 mile circle, then increased it to 250 later. She has bought 4 new cars this way, all significantly below any advertised price. She has went as far as 200 miles for one, but some were smaller towns surrounding the city where she lives. This way you never have to haggle, waste hours at every dealership, or later in the process they introduce all the fees. You know what the cost before you leave home.
especially the " I really like you I can tell your good people , and I want you to have this car I will try again but he( sales manager ) keeps getting more upset when I go back with a lower offer . and I will loose my sales bonus and take it out of the sale but I will push the deal thru the manager one more time
too many stories about car dealers and the games played over the years .
will add this I worked with a car salesman ( sold new cars for years like 30 + years ) then walked out to get a job at the factory I was at where I met him
this was in the early 1980's ,he told me for many years people especially return customers would walk in point at the new Buick , olds or what ever and say that one , but over the years people started going to other dealers( internet was still not wide spread ) getting the "best price" and then bounce back around between the dealers to keep undercutting each other to get the best price .
he said he hated that as it left very little money on a new car to be made and a lot more effort to get a sale . he said used cars were a different story and where they made the most .
follow up after a year or so he decided car sales were a lot easier than factory work and went back started his own car lot .
Sticker was $34G and change.
We got it for $26G and change.
Cash.
My bride is thrilled.
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I?m
That's why I suggested a 'burner email account'. Create it, use it to buy your car, then close it.
I have done similar to what you suggested a few times but I reserve it for the most egregious people in this world. I always use a proxy to set them up (so it won't be tracked back to me) and I add them mostly to porn sites as it seems that if a couple gets an email address, the rest will have it in a few weeks. One particularly horrible SOB from fleabay They kept posting that their email address had changed so I did it again. And again, again, again, again, until I got bored with the game and figured they had been annoyed as much as I was with original issue.
That is correct in these days. Absolutely correct.
I have always wondered what Dealers pay for vehicles. Some will even show you their "invoice " .. well I don't believe any of that. Why would they sell at what they paid for them? And the banks actually own the cars. The dealerships make payments to them till they are sold. My guess , vehicles are like clothes.. marked up at least double or more. They make something or they wouldn't be in business.
According to what I read in Consumer Reports, many years ago, dealer invoice is usually 80-85% of the sticker. You could even submit the specifics of a vehicle to CR with a small fee, and they would send you the invoice price. No way are they marked up double. Furniture and jewelry, yes. Cars, no.
For the Traverse, we paid 76.5% of MSRP. I thought that was pretty good.
The internet has had a positive effect on the car business. The buyer can comparison shop, even make a deal, from his home.
Car dealers like to make trades, and they often make more on the trade than they do on the new vehicle. Kinda like guns. There is a very small margin on new guns; the money in the gun business, mine anyway, is in used guns.
There is also something called "holdback," which is payment directly from the manufacturer to the dealer, based on sales goals, so if a dealer has good volume, he can sell at his cost and still make good money.
And then there is the service department, which is a good money maker for the dealership,
In our experience, after the deal was made, we were directed to a finance manager, even though we were paying cash. His function was to try and sell us an extended warranty. Extended warranties are almost 100% profit for the dealership, so they love to sell them. The warranties offered were backed by the manufacturer, a better option than a third party warranty, but based on our experience with cars, and on advice of knowledgeable sources, we opted out of the extended warranty.
I don't buy vehicles often, new or used. My last new vehicle before this Traverse, was in 2000. I ordered that one, and paid invoice plus $400. The last new vehicle before that one was in 1993, and we bought it for a hair over $20G, when the sticker was $24G, if I recall correctly. In 1977, I bought a Datsun pickup, and paid pretty close to sticker. Japanese vehicles just weren't being discounted back then. Before that, it was a 1974 Ford pickup, which was a lemon, and I traded it in on the Datsun.
That's the history of my new vehicles. Of course, there were several used ones interspersed in the mix over the years, but these were the new ones.
salesman said December incentives are always better than January incentives
I told them you can always come down on the price of something you are trying to sell but you cannot go up salesman said he understood but it was out of his hands and I believe it was
So, we made the deal.
Just for grins, I checked incentives on January 2, and found they were exactly the same as on December 31.
I'm glad it's done. Maybe my last new vehicle purchase, or at any rate, it should be good for 15 years or so.
Experience: Visited local car dealer to buy a new Jeep...trade in vehicle with under 15,000 miles. All vehicle purchases are cash only! Haven't financed a vehicle since 1968, I've purchased vehicles at this dealership before, all cash.
They drove/inspected the trade in and made an elcheepo offer. PO'ed the wife so bad she told them the offer was insulting and we walked out.
Got home, called a dealer 100 miles away, told him vehicle wanted and about what they would offer on the trade in, non-binding approximate.
OVER the phone, they were $2,000 higher.
Drove over the next weekend, made the deal and brought the new Jeep home. The $2,000 difference covered the license, registration, sales tax, change in insurance and money left over after a nice steak dinner for two.
The sales staff at the local dealership can eat hot dogs.
We have enough gun laws, what we need is IDIOT control.
Blood makes you related. Loyalty makes you family.
I thought getting old would take longer. :shock:
I then use the internet when I'm shopping and I can get a trend of pricing across the area I'm willing to drive. I don't do the sight unseen purchases with delivery even though some have appeared to be great deals.
Once I've made a decision I walk in and buy it, no add ons NEVER, if I want an extended FACTORY warranty I would buy it on line and you can usually get a discount paying for it up front.
The truck I bought they said dealer package for 1260 was paint protection, Sirius radio for 6 months, and some kind of brake light flashy thing, I refused all and got all three anyway.
Glad you got the Traverse I've rented a couple and like them