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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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What is this discussion about? Car Buying


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#41 of 3884
Re: A few observations ... Jlawrence01 ... by rroyce10
Feb 17, 2005 (5:26 am)
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Replying to: jlawrence01 (Feb 15, 2005 1:29 pm)

........ The one thing that gets forgotten the most ... 70/80% of the consumers are not as smart and informed as you, or Mathias, or even Bobst ..
 
                You guys know what a payoff is, and how it effects the final figures, you know that your $6,500 vehicle is not worth $9,000, you know how rates effect payments and you understand that - and you would know a good deal if you saw one .. most don't ..
 
                   Some partners and myself are getting ready for the Miami Boat show .. nothing will change, most will owe more on their current boat than the value, most will shop dealers on a step-down - meaning, they will start at the $100,000 big critters and leave the show in a $35,000 ski boat when a dealer finally hits "their" payment, most will have little or no money down and most will have read a few articles, but studied nothing ...... hmmm, sounds like the car biz ................ )
 
                                    Terry.
#42 of 3884
My current approach by manamal
Feb 17, 2005 (5:53 am)
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I have been thinking of replacing my '02 Camry with a sports wagon for a while. I like the Legacy GT, but 31K is a little much more me right now (and the local dealer is instisting that MSRP is a fair value when driving 60 miles gets me the car for Invoice.).
 
So, I am loking at the Mazda6 as a comparison. Accoring to edmunds and other sources, they go for invoice minus incetives (currently 2500). So, I went to the dealership yesterday in the late morning. I drove one, and was impressed. I was upfront about my timetable: after I get the amount of my anual raise, which is in 3 weeks.
 
I told him what I was comparing the car too. On the drive, he asked me what I thought, and I told him that honestly I liked the Subie a little better, but maybe not 7K better.
 
I have not bought the car. I did not really discuss price. Before making a decision, I would like to get an idea if my price guideline is reasonable. Do you think a reasonable approach would be to email my sales person to 1) thank him for the time, and 2) ask him to find out if invoice - incentives is a good price guideline?
(MSRP on the car is about 28,000; Invoice, 25,000, incentives 2500, or end price around 22,500). I am thinking by putting it in the general terms of invoice minus incentives, I am not asking them to give me a number.
 
Or am I setting my self up for a lowball?
 
Thanks!
#43 of 3884
Re: My current approach [manamal] by exb0
Feb 17, 2005 (6:41 am)
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Replying to: manamal (Feb 17, 2005 5:53 am)

If you are working with the Mazda dealer that is located closest to your place of work, be prepared for anything. They use every trick in the book, and some that are not in the book.
 
BTW, be prepared to pay $900 for the “Protection Package” since every car on their lot has that package already installed and “every Mazda Nissan dealer in the country does that”.
#44 of 3884
exb0 by manamal
Feb 17, 2005 (6:46 am)
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I have two offices, one in Arlington (Ballston), and one in Tysons. I am working with the Arlington dealer. I did mention the Fitzmall in anapolis, but that I did not want go that far to buy a car.
#45 of 3884
Re: A few observations ... Jlawrence01 ... [rroyce10] by jlawrence01
Feb 17, 2005 (6:51 am)
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Replying to: rroyce10 (Feb 17, 2005 5:26 am)

........ The one thing that gets forgotten the most ... 70/80% of the consumers are not as smart and informed as you, or Mathias, or even Bobst ..
 
The first time I ever participated in a message board was CompuServe's old Travel Forum. Occasionally, we would have a big get together in Las Vegas. I had the opportunity to meet a number of professional poker players, 10 years before the big craze.
 
They told me that there were two ways to learn how to play winning poker. The first was to run to a certain bookstore in Las Vegas, drop $300, get all the books from the masters and study them for a year or two. The second was to come down some Saturday night and they would "teach" me.
 
On any major purchase, you have two choices. Do your homework (significant cost in time) or you'll pay more. Period.
#46 of 3884
Re: exb0 [manamal] by exb0
Feb 17, 2005 (7:36 am)
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Replying to: manamal (Feb 17, 2005 6:46 am)

I was talking about the Tysons dealer. Come to think of it, the Arlington Mazda dealer is owned by same group that starts with an "R".
#47 of 3884
My answer, manamal by bobst
Feb 17, 2005 (12:31 pm)
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I don't think you are setting yourself up for a lowball. You are setting yourself up for an evasive answer. That is, no answer at all.
 
Are you willing to pay $22500 for a Mazda? If so, then go to the dealer and make an offer. It only takes a couple minutes.
 
If they refuse, then leave and think of a new plan.
 
I mean , this is pretty simple. It ain't nearly as hard as modifying a computer program.
#48 of 3884
Re: exb0 [exb0] by jeff petrone
Feb 17, 2005 (1:22 pm)
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Replying to: exb0 (Feb 17, 2005 7:36 am)

You should really decide on the car you want first. You will regret getting a "better deal" if you are unhappy with the performance of the vehicle. Once you decide on a model, decide on specifics that will satisfy you. Then make sure that vehicle is in stock at the dealer you are talking to or that it is easily accessible (they can do this without a deposit). Once you establish these things, it is much easier to negotiate. Go based on the TMV and then come in a little under that. You have much more leverage at the end of the month due to manufacturers bonuses for the dealers based upon volume.
#49 of 3884
car first by stickguy
Feb 17, 2005 (1:35 pm)
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deal second is important IMO. I love when you see the postings from people along these lines: "I sent to buy the Xyzmobile of my dreams, but the salesman smelled so I bought a Yugo because they had free coffee and it was $10/less per month".
#50 of 3884
car first or better deal by manamal
Feb 17, 2005 (5:03 pm)
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It is not quite that simple...If I am happy with both, then the money becomes a factor. I like both cars....I think I like the Subie a little better. But it is a lot more money. If moeny did not matter, I would just buy the Audo S6 and be done with it.

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