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Purchasing Strategies - Questions & Success Stories

3884 messages,  Last post on Apr 08, 2009 at 1:08 PM

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#3482 of 3884
Re: [weathermike] by dino001
Sep 16, 2008 (1:31 pm)
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Replying to: weathermike (Sep 16, 2008 1:04 pm)

It doesn't matter what they paid for it. It doesn't what the book says. It matters what he thinks he can sell it for. He obviously thinks four months on the lot is not enough to sell it for less. He thinks if you really want it, you should pay more. If you disagree, let him keep it. Whether or not it's true that he can't change the price, it's irrelevant, too. Perhaps he could, perhaps he couldn't. All matters he wouldn't and you thought is was too much, hence no deal.
 
It's not personal, it's just business. You should have walked much sooner - it was obvious your disagreement on the price was irreconcilable - but shouldn't have given him any lesson how to do his business. After all, it's their car - if they like washing it every two weeks for the next five months, let them.
#3483 of 3884
Re: [jipster] by weathermike
Sep 16, 2008 (1:52 pm)
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Replying to: jipster (Sep 16, 2008 1:28 pm)

Obviously I want the car. Otherwise, I wouldn't have tried to buy it. But I made it a point to keep my body language cool and level, and inspected every detail of the car, noticing every flaw. When he asked me if I wanted to drive off with the car today, I responded I would like to "if we can agree to a deal." Those are not things someone who is desperate to get a car will do.
 
Thanks for the input.
#3484 of 3884
Re: [dino001] by weathermike
Sep 16, 2008 (1:54 pm)
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Replying to: dino001 (Sep 16, 2008 1:31 pm)

Agreed, except for the part where you said I "shouldn't have given him any lesson how to do his business." Where did I do that? I don't think I did. I simply tried to explained why my offer was in the best interest of both parties. I wanted to show that I wasn't thinking only about myself.
 
I'm just trying to figure out if I could have done something better, which is why I question this.
 
I'm 21 and I look like I'm 16. As far as I'm concerned, the guy obviously thought he saw a sucker coming. He didn't get one.
#3485 of 3884
Re: [weathermike] by boomchek
Sep 16, 2008 (1:56 pm)
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Replying to: weathermike (Sep 16, 2008 1:04 pm)

If the deal would be doable you'd be driving that gem already. If they were despearate to get rid of it the owner's son would be on the phone with you 4 hours after you left, or the very next day.
 
They either:
 
a: can't afford to take a loss on it,
 
b: had others interested in that same car, so they're holding out for a better offer. This happens a lot on old age units. Thye sit unwanted for months and suddenly 3-4 people want it at the same time. Can't explain why but it always happens.

 
or
 
c: (no offence) don't want to sell it to you at a loss (your price) because they see you're picky and will be back to nitpick every detail about the car after you take it off the lot, which will cost them even more money in the future.
 
I was going to use this in negotiations as evidence that it was to their advantage that they move this car
 
You can bring a team of hot shot lawyers and all the evidence you like, but they have their own reasons for selling or not selling it at that particular price. If you think the price is fair, then buy it, if not carry on and look elsehwere. SImple as that.
#3486 of 3884
Re: [boomchek] by weathermike
Sep 16, 2008 (2:02 pm)
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Replying to: boomchek (Sep 16, 2008 1:56 pm)

It must be option B, because I can't believe they paid $5200 for that car. If they did, they are so careless with their money that they should already be out of business. Salespeople know people will haggle, so why in the heck would they cut the sticker to a $200 loss, knowing the haggle would cut some additional amount of money off? It makes no sense.
#3487 of 3884
Re: [weathermike] by kiawah
Sep 16, 2008 (2:05 pm)
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Replying to: weathermike (Sep 16, 2008 1:54 pm)

Wait a week to 10 days (closer to end of month, where they may be a little more incented), call him and tell him you are still slightly interested and your maximum price is whatever. If they can accept it great, they've made a deal and you'll be down to pick it up that afternoon. If not, then forget about it and walk on to something else.
 
If they don't sell it outright at this point (you don't mention what type of car it is and how desireable it would be to others), then they'll just dump it at the auction. So you are probably competing against what they can get at auction, which is an easy way for them to unload the vehicle if they don't think it's worth keeping around.
#3488 of 3884
Re: [weathermike] by boomchek
Sep 16, 2008 (2:09 pm)
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Replying to: weathermike (Sep 16, 2008 2:02 pm)

Dealers will in rare instances overpay for a trade in order to make another deal happen. It might have been a trade in on an even older age unit that in order to move they had to pay $XXXX for this one.
 
The most likely cause is that they paid less than $5200 for it, but they did work on it and as a result it STANDS them $5200.
 
Buy in $3800
Tune Up $500
Some body work $600
Stereo/seats/whatever $300
 
Total $5200
 
I don't know, I haven't seen the car. YOu don't know and liekly won't know unless they open up their books to you, which they shouldn't and it's irrelevant anyways.
 
The bottom line is if you like it and you think the price is fair, buy it, if not then look for something else.
#3489 of 3884
Re: [kiawah] by weathermike
Sep 16, 2008 (2:19 pm)
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Replying to: kiawah (Sep 16, 2008 2:05 pm)

Sounds good.
 
It's a yellow 2002 Dodge Neon ES. That means it has a spoiler, so it's a pretty sporty car, and it's good on gas. That's why I want it, of course. And it's in a college town. So I can see why they think they can sell it, and the guy tried explaining that the reason for the higher cost is that it's a "hot car." I said the TMV price takes into account everything a car has on it, even a spoiler and the color. So I then said that if it's such a "hot car," why has it been sitting here as long as these other cars that aren't "hot?" He gave some answer similar to what an earlier poster said, that he hasn't found the "magic" yet and that there is a "rear end for every seat" and someone will be the rear end eventually.
 
As for auction, that's how they bought it (I know this from the report), so I doubt they would want to send it to another auction if they could avoid it.
#3490 of 3884
Re: [boomchek] by weathermike
Sep 16, 2008 (2:20 pm)
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Replying to: boomchek (Sep 16, 2008 2:09 pm)

They didn't get it from a trade. They got it from an auction. The guy said they have "no control over what we pay" at an auction (Personally, I think that's bologna-- you decide what you want to bid and place the bid!).
#3491 of 3884
Re: [weathermike] by kiawah
Sep 16, 2008 (2:28 pm)
Reply

Replying to: weathermike (Sep 16, 2008 2:19 pm)

And what kind of mechancial condition do you know....(know, not think)... that it is in?
 
Only you can decide whether this is worth your time, aggrevation, and money. You have to evaluate how much additional $$ you will have to put into it when you get it and start driving. If you want to pay higher $$, then you should pay to get it checked out by a competent shop (outside of that college town) that there isn't anything wrong with it. That is eliminating your cost of ownership risk, and if you can eliminate the cost of future immediate problems from the equation, then you should be willing to offer more for it.
 
You are in a weak negotiating position, given a perceived 'hot' car, reasonably used car priced for a student (around $5k), in a college town with a couple thousand kids, that they picked up at an auction specifically for this purpose. They are probably willing to keep it for a year if need be, some student will buy it (or a parent will, when their old kid clunker breaks down).

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