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Smart Shopper Purchasing Strategies - Questions & Success Stories
3884 messages, Last post on Apr 08, 2009 at 1:08 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: tidester (Feb 25, 2009 2:55 pm) That uncertainty has been intentionally increased and prolonged for political purposes in my opinion AND it has had an unintended consequence on the automotive market. The Tuesday night oratory included a criticism and indicated support of the US automakers and should increase confidence in their longevity. At least, I hope it does.
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Replying to: wtd44 (Feb 25, 2009 2:17 pm) Stop by your local Accord dealer or Lexus dealer and see if they're giving great discounts in these hard times. Nobody is selling what they were. |
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Replying to: omegagen (Feb 26, 2009 1:19 am) While you may think the car is worh half of its sticker, but there is no way or incentive for dealers to actually offer that price. It's cheaper for them to pay interest (e.g. 10% APR of $37K is $3.7K/year, not $15K you want them to write off) on the inventory than give that to you. What you want is essentially a liquidation sale, where everything trully must go even at big loss. It may happen, not just yet and not necessarily at your levels (think Circuit City prices in first week of their closing sale). If you want a true market price, go with slightly used. |
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Replying to: dino001 (Feb 26, 2009 5:27 am) Dealers who were in good financial shape heading into this mess probably pay that rate to floor their inventory... So, that $30K car is only $82/mo. to keep on the lot... While that adds up over time, it isn't enough to incentivize a dealer to knock an extra $1000 off a car, just to get rid of it... If the manufacturer doesn't add incentives, the dealer pretty much has his hands tied... as far as price.. regards, kyfdx
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Replying to: kyfdx (Feb 26, 2009 8:48 am) |
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Replying to: imidazol97 (Feb 26, 2009 4:51 am) So what are customers to do? Stay on the fence as omegagen proposes? tidester, host SUVs and Smart Shopper |
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anyone in a commissioned sales position give up all their paycheck to anyone who just walked/called in and said "I just want your best price"? Because your 1. Handsome 2. Nice 3. Have been so trampled on by society someone is sure to feel sorry for you. Please do the smart thing.....1. Research, figure out what is both possible, realistic, and reasonable, and then go offer that. The best price is still to high regardless of what we say. Be a smart informed consumer.
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Replying to: dhamilton (Feb 26, 2009 10:46 am) I don't think it's an "either-or" proposition. "Best price" obviously has to include commission. tidester, host SUVs and Smart Shopper |
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Replying to: kyfdx (Feb 26, 2009 8:48 am) I would venture to guess that most floor plans are annual renewals, so the enjoyment of a low interest may be coming to a halt. |
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Replying to: dino001 (Feb 26, 2009 5:27 am) If the bank has lent the dealers money at prime like kyfdx says even at prime with few to no sales that will add up over time. Sure it ain't much on an individual basis, but multilpy that by the cars that haven't sold. What happens to cars that don't sell? I read somewhere that they end up selling it to an autioneer at a lost. Then the car is considered used and sold as such...True? With GM & Chrysler possibly or probably going to have to file Chp.11 I am more cautious with this car purchase than I have ever been before. I feel that is most people's sentiment. The current asking prices may be the best the dealer can do, but the price, regardless of whether he takes a loss, has no "support" due to their financial troubles. They'll have to as we say on the coast..."fish or cut bait". What mess we're in!!! I guess with all the "cheap" money going around in the past 8+ years the "chickens had to come home to roost"! A depression during my life...well ain't that just great!!!!
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