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Smart Shopper Stories from the Sales Frontlines
47909 messages, Last post on Nov 26, 2009 at 9:59 AM
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To all of the salespeople who participate in this forum..... I have just read an article (in the Globe and Mail) which states that car sales have slumped in September. This is due to the cash for clunkers program having pulled sales from September into August. Is there any traffic? Sales? How are things going? Just curious.... |
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Replying to: graphicguy (Sep 25, 2009 11:58 am) I agree that he should proably keep the Ody but there is another possibility. Honda/Honda Finance may have some funny thing going with lease forgiveness if someone buys/leases a new, hell maybe even CPO honda, and has a honda lease they are getting out of. Earlier this week I had someone who called us because his Acura dealer called him saying he could get him out of his MDX lease 11 months early and into a new MDX for the same lease payment and only XXX amount out of pocket. He called us cause he doesn't want a MDX but wants an XC90. I looked everything over and told him no way can I do that. Your are at least 4,000 in the hole on your lease, not to mention you have 1,000-1,500 worth of body work and the MDX is a funny looking color, and the XC90 leases higher. I told him there must be some kind of owner loyalty or lease forgiveness program to make it work or there is something the other dealer isn't telling you cause the math doesn't work straight out on just the merits of your trade. |
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| well, totally anecdotal, but I stopped at an Acura dealer at lunch time today. I was the only customer in or near the place. Went next door to the chevy store (this was a 1 dealer automall arrangement), and I think their might have been 1 other person in the store that didn't work there. | |
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Replying to: british_rover (Sep 25, 2009 7:28 am) Ahhh, now I understand. When you calculate from the actual selling price it doesn't seem quite so bad. Still, a $26,000 car losing $13,040 in value in 3 years is scary. I guess, since I never get rid of a car until it's begging to die I never really looked at how fast they lose value. 
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Replying to: scottinky (Sep 25, 2009 9:45 am) Assuming this isn't tied to you buying a car from them... If it is, better make darn sure you have a good deal on that end, as well... Echoing the other comment.... Sometimes Honda Finance will sell a leased car to a dealer for less than the payoff... especially, if they think they are looking at a loss in the near future... |
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there is no deal I have to make with them, $433 and done. I do have some issues buying used. I would by lying to say I wasn't concerned with the possibility of maintenance costs. the residual on my Ody is around 17k and change, probably will have close to 50K on it. out of warranty as well. I am in the same boat either way really. $2400 out of mileage may be cheaper than potential repairs.
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Replying to: scottinky (Sep 25, 2009 3:25 pm) I'm glad that you can get out of the lease for $433, but it is difficult for me to wrap my brain around that picture. With the miles and all, I can't imagine how the dealer is going to take your problem off your hands and make money on it. If you decide to turn in the keys, I would be sure to get a full release of my obligation in writing---and read it carefully. As for buying used, I have done it several times. I buy a one year old car with no more than 10k miles on it. This gives you two years of factory warranty and about 5k in saved mileage. You can get a pretty good deal and have a fairly new car. If the $433 deal doesn't work out for you, I would listen to graphicguy and driver. They always give good advice, and they are honest guys. Good luck to you. It's been a hard lesson for you to learn, but we have all been there at some point in our lives. Richard
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Replying to: fezo (Sep 24, 2009 6:04 pm) my convertible isn't coming out of the garage until next year, but i still plenty of them out ther with the top down. my fusion has a moonroof. so i still get some sunshine on my head if i need it. 
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Replying to: explorerx4 (Sep 25, 2009 4:51 pm) Another nice one today. It gets really nice when you hit a decent day one the leaves start falling. Having them fall right into the car is pretty neat. I could really like fall if it didn't mean winter was next.... |
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I drive past the local Manheim Auction location several times a day so I've gotten used to seeing car carriers going by with a variety of used vehicles on board. This week I saw a few unusual shipments. One afternoon I saw a carrier with two cars on board. One was a nothing special older domestic but the second was a newer Volvo with the entire side smashed in. It looked as if someone had dragged the driver's side along a wall and tore up the sheet metal for the whole length of the car. Do they Auction off such cars? The second shipment was two near identical pick-ups. On the back of one was written "CLUNKER". I didn't see that carrier pull into Manheim but it makes you wonder what may end up on some buy here pay here lot. |
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