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Smart Shopper Purchasing Strategies - Questions & Success Stories
3884 messages, Last post on Apr 08, 2009 at 1:08 PM
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Replying to: pinnumberr (May 17, 2008 3:59 am) |
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| I have a question regarding when you should tell the dealer that you want to trade-in a car. Seems that if you tell the dealer about a trade upfront, they will use the trade to leverage the overall deal in their favor. If they give on the new car, the trade will be less. The converse is true if they give you a high amount on the trade, the new car will be less. | |
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Replying to: dakineguy (May 27, 2008 9:26 pm)
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Replying to: dakineguy (May 27, 2008 9:26 pm) But, if you have the option to sell it yourself, or sell it to CarMax, then you need to know exactly what the dealer is offering you for your car, outside of the new car deal.. You want the bottom number on the new car... and the ACV of the trade-in. If you put that all together from the start, that will be hard to determine.. I don't mind letting them know that I have a car that I need to sell.... But, I want the best number on the new car, without taking the old one into account.. regards, kyfdx visiting host |
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A reporter would like to talk drivers above the age of 50 who chose a vehicle because of a specific feature that made your driving experience more comfortable. Please respond to ctalati edmunds.com with your daytime contact information along with the vehicle you chose and the feature that you really liked no later than Tuesday, June 3rd.
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Replying to: mikefm58 (May 28, 2008 3:49 am)
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Replying to: jaysherman (May 30, 2008 12:42 pm) 
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Thanks in advance for any advice you can offer for my situation. On May 14, we decided to buy the Spectra Blue '08 Prius. Two days prior, I had obtained multiple web quotes, the lowest of which happened to be from my closest dealer. We went in person and asked if he was willing to meet the lowest price we could find, to which he agreed, although stating that we would not be able to find anything below sticker given high demand and low inventory. The internet price, which was valid until May 17, was $2K below sticker. I showed him this, and he grudgingly agreed to the price. He billed my credit card $500 to get the process moving to get one on the lot. Since then, we've spoken twice. Once was on May 23, at which point he reiterated how low inventory is right now and that he wasn't sure when our car would come in. We got the next call on May 30, when he told us, "things are really tight. no idea when a car will come in -- it could be six months. in fact, two other orders for your exact car came in on the same day and are ahead of you. are you sure this is still the price you want to pay?" ?!? Um, yeah, we're sure. We know that Prius in our area are now going for sticker price, and that we happened to be lucky w/ our timing. I'm not sure what to do next, and I"m not an experienced negotiator. We want the car, and can wait a little while. But now we feel like the salesman is trying to re-neg on our agreed-upon deal. Should we just cut our losses and either a) pay more from him, or b) try and buy one somewhere else? Or should we pursue our original price from him?
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Replying to: dogboy8 (Jun 01, 2008 7:59 pm) Some sales folks in the biz are slime balls and I would NEVER give them my business, not at any price. We eventually bought elsewhere, which I'd advise you to do also. You cannot honor that type of behaviour with your business, no matter how much you want the vehicle. If you do, that will only encourage those type of dealings in the future. |
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Replying to: dogboy8 (Jun 01, 2008 7:59 pm) I suspect you’re going to wait and wait and… Since they are hot cars there is no incentive for the dealer to sell it to you for less than MSRP. I think they got you hooked with a low-ball offer and now expect you to cave. ‘mikefm’ gave you good advice, “go somewhere else, don’t reward that type of behavior”. It doesn’t sound like they are the only Toyota dealer in your area. Call the credit card company and have them remove the charge. They’ve gotten requests like this countless times before and they know exactly what to do so you shouldn’t have a problem with that. I'm not sure what to do next, and I’m not an experienced negotiator. Now you know and as far as “negotiating” goes if you’re going to buy a Prius there ain’t any of that to worry about. It’s a done deal at MSRP. Again, go somewhere else. Good luck and let us know how you did. jmonroe |
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