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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: 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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Replying to: omegagen (Feb 26, 2009 12:36 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...
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Replying to: golic (Feb 26, 2009 12:45 pm) 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. 
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Replying to: oldfarmer50 (Feb 26, 2009 4:59 pm) 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! 
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Replying to: Mr_Shiftright (Feb 26, 2009 5:08 pm) 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.....
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Replying to: mikefm58 (Feb 26, 2009 5:32 pm) 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. |
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Replying to: Mr_Shiftright (Feb 26, 2009 5:36 pm) |
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Replying to: Mr_Shiftright (Feb 26, 2009 5:08 pm) I hope you explained what happened to her and how much it cost her.
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Replying to: imidazol97 (Feb 26, 2009 6:24 pm) It is a bit perverse, if you think about it, when someone calls YOU up, asks for your advice---and you give it in detail, set them all up---and they go do something else after all.
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Replying to: Mr_Shiftright (Feb 26, 2009 5:08 pm) Would like to know the details on price under invoice and the add-ons your friend bought. If she got a "impossible" price on the car only, she probably still did pretty well overall... even with the add-ons. i.e If she bought an extended warranty, that would come in handy and is worthwhile. The pin-striping, fabric protection, wax protection and similar add-ons would indeed be fairly worthless. The Kia dealerships in my area, under one owner, advertise very good prices(* excludes dealer add-ons). You show up and they have this crappy alarm system dealer add-on (swipe a card through a sensor to allow car to start) that adds about $1,400 to the car. It is on every stinking car on their lot. Would be worthless to me, probably cost the dealership 200 or 300 bucks installed.
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