Last post on Sep 03, 2010 at 11:38 AM
You are in the Smart Shopper
What is this discussion about?
Feb 26, 2009 (11:46 am)
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"?
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.
#3848 of 3886 Re: Why would [dhamilton]
Feb 26, 2009 (12:15 pm)
anyone in a commissioned sales position give up all their paycheck
I don't think it's an "either-or" proposition. "Best price" obviously has to include commission.
SUVs and Smart Shopper
#3849 of 3886 Re: Stay on the fence... [kyfdx]
Feb 26, 2009 (1:20 pm)
From what I have seen in the market place today is that most lenders are moving away from prime and using LIBOR during the renewals.
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.
#3850 of 3886 Re: Stay on the fence... [dino001]
Feb 26, 2009 (1:36 pm)
dino & kyfdx...you all have made some valid and informative replies. Aside from just stating my view of things, I also was looking to hear what everyone else had to say.
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!!!!
#3851 of 3886 Re: Stay on the fence... [omegagen]
Feb 26, 2009 (1:45 pm)
From an accounting standpoint, when you are in the worst financial crisis in a few decades, the last thing you do is start creating larger losses. It makes no rational sense to sell something at a 5K loss, just to move it off of your books.
Whats missing are the days when Joe six-pack would come into the dealership having done no research and agreeing to pay top dollar for a car. When you have 20-30 of those guys coming in every week, you can take a loss on other deals to work your volume.
You will never see a dealer offer liquidation prices, because when it gets to that point - the dealer has long been cut out of the picture and the credit holders are doing whatever they can to get repaid with whatever is left.
Sure it seems foolish for salesman to stair you in the eye and pretend like things are great, but what do you expect them to say...OMG I haven't received a decent commission in 3 months and I am worried how I am going to feed my family? Its sales - no salesman is ever going to tell the you the sky is falling! Heck, I just got a flyer from a real estate agent advising me how I can take advantage of the upcoming heated spring market...
#3852 of 3886 Re: Stay on the fence... [golic]
Feb 26, 2009 (5:59 pm)
"...what do you expect them to say...I am worried how I am going to feed my family?..."
I thought that was standard practice with sales people.
"...a flyer from a real estate agent advising me how I can take advantage of the upcoming heated spring market..."
He was telling you that he could help you burn your house for the insurance money.
#3853 of 3886 Re: Stay on the fence... [oldfarmer50]
by Mr_Shiftright HOST
Feb 26, 2009 (6:08 pm)
I got kinda ticked off at car salesmen the other day. I sent a friend to my favorite Toyota dealership. They treat you really well there, and they treat everyone I send there well, too. ANYWAY, they quoted her what I thought was a great price on a loaded Camry.
So, she tries one or two other dealers that are more in her area, and she gets a quote that is literally *impossible*.
So she doesn't go back to the dealer I recommended, then goes to the "great quote" only to be oversold on all this other stuff to make up for the impossible quote she got---in the end paying more.
Ticked me off!
#3854 of 3886 Re: Stay on the fence... [Mr_Shiftright]
Feb 26, 2009 (6:32 pm)
only to be oversold on all this other stuff to make up for the impossible quote she got---in the end paying more.
Did they hold a gun to her head and make her buy all that over priced "stuff"? I'm sure we all know the most important word in negotiations.....No.....
#3855 of 3886 Re: Stay on the fence... [mikefm58]
by Mr_Shiftright HOST
Feb 26, 2009 (6:36 pm)
Yeah I know but it's still a scam to make an offer that is a lie. You can't make a right out of a wrong IMO.
I hear what you are saying but just because she is naive or gullible does not mean she deserves to be hoodwinked.
You know how it goes, you're shopping for days, you're tired, you think you got a great deal, you get into the closer's office and they work you over on the ropes til you drop.
Furthermore, the dealer who acted completely up front loses the sale. So shall we encourage him to be equally deceptive?
It's a slippery slope, I know, and the woman is somewhat culpable, but still, I don't like seeing business done this way.
#3856 of 3886 Re: Stay on the fence... [Mr_Shiftright]
Feb 26, 2009 (6:59 pm)
You should have gone with her, sounds like she was just inexperienced. A lamb among wolves.