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48164 messages,  Last post on Dec 09, 2009 at 7:02 AM

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What is this discussion about? Car Buying


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#47044 of 48164
Re: Another car pricing site.... [graphicguy] by explorerx4
Nov 02, 2009 (3:52 pm)
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Replying to: graphicguy (Nov 02, 2009 5:16 am)

i remember my wife telling me that someone at their company charged a car to their amex corporate card, then quit before the bill came in!
before my 24th birthday, i had an amex gold card, but eventually i gave it up and don't miss it.
#47045 of 48164
Re: Another car pricing site.... [explorerx4] by snakeweasel
Nov 02, 2009 (4:03 pm)
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Replying to: explorerx4 (Nov 02, 2009 3:52 pm)

i remember my wife telling me that someone at their company charged a car to their amex corporate card, then quit before the bill came in!
 
Can you say grand theft? I would be very surprised if that happened and even more surprised if the company didn't press charges (or threaten it to get their money back).
#47046 of 48164
Re: Another car pricing site.... [snakeweasel] by explorerx4
Nov 02, 2009 (4:46 pm)
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Replying to: snakeweasel (Nov 02, 2009 4:03 pm)

they never pressed charges or got their money back, as far as i know.
#47047 of 48164
Re: Another car pricing site.... [snakeweasel] by houdini1
Nov 02, 2009 (5:14 pm)
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Replying to: snakeweasel (Nov 02, 2009 4:03 pm)

Unless the company was completely inept, they had to have had provisions for things like this to be handled in a fair and orderly fashion. My bet is that it was paid back.
#47048 of 48164
Re: Another car pricing site.... [houdini1] by fezo
Nov 02, 2009 (5:39 pm)
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Replying to: houdini1 (Nov 02, 2009 5:14 pm)

I'll have to check that Amex deal when I get back next Monday.
 
Meanwhile tooling around in an Impala rental. It's OK. Of course there are no curves to negotiate here in Florida...
#47049 of 48164
Re: Another car pricing site.... [houdini1] by snakeweasel
Nov 02, 2009 (6:10 pm)
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Replying to: houdini1 (Nov 02, 2009 5:14 pm)

My bet is that it didn't happen as its been mentioned here that most dealerships won't put the whole price of a car on a card banks charge merchants a percentage of the charge.
 
As for companies procedures most won't release a final paycheck until credit cards are returned and charges are processed.
#47050 of 48164
Re: Another car pricing site.... [snakeweasel] by houdini1
Nov 02, 2009 (6:58 pm)
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Replying to: snakeweasel (Nov 02, 2009 6:10 pm)

The most I've ever been able to put on a credit card is $5,000. (to get the incentives and the float)
 
That was just a small percentage of the total. I would have put the whole amt. on if they would have let me and been eating out for free for a year !!
#47051 of 48164
Re: Another car pricing site.... [jmonroe] by graphicguy
Nov 03, 2009 (6:42 am)
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Replying to: jmonroe (Nov 02, 2009 7:08 am)

j.....I always check fitzmall pricing before walking into a dealership locally. Can't remember who turned me onto them (you? jipster? snake? fezo? someone else?) a good long while ago.
 
If I were going to buy a Hyundai or a Toyota (nothing else they carry has interest to me), I'd use them as research. If the delta in price between locally and Fitz was big enough, I'd consider buying from them and driving back to OH. That'd be a 2 day trek for me, though....one up, one back, hotel room, maybe a flight.
 
I had a friend who bought a 'Vette from Kerbeck (near Atlantic City) a few years ago. He wanted company. So, I accompanied him on a bus (something I'll never do, again. In return I got a nice dinner and lodging in Atlantic City. We drove back in his 'vette by. Aside from the bus ride, it was a fun trip....definitely punctuated by taking turns driving the 'vette home.
 
Kerbeck did a nice job. They came and picked us up in Atlantic City and covered a dinner for us, to boot. His 'vette was ready to go....serviced, shiny. All he had to do was test drive it, inspect it, and do the paper work. We were on the road within 2 hours of hitting the dealership. 1/2 that time was spent just wandering around their dealership. Kerbeck is a cool place if you're in the market for a 'vette.
 
I've always felt that any local dealer could/would match any out of town dealer. IIRC, the price differential wasn't remotely close with the local dealers (right after the new C6s hit the market), even seeing Kerbeck's price we showed them. I think the delta was something close to $5K between local and Kerbeck.
 
Bottom like, while I've personally never done business with either Fitzmall or Kerbeck, I'd certainly consider it if I were in the market for one of their vehicles.
 
I know this has to drive dealerships, and sales people/managers crazy, but the wealth of information, and up front pricing with these "new" pricing sources makes it a lot easier on the buyers.
 
When I ran the Acura TL through the AMEX site, they didn't list the name of the dealership, other than to say it was 92 miles away from my home address. I'm sure I could pinpoint it, given a little research. But, it's clear it's not one of the local dealers. But, is probably in Columbus, Louisville, Lexington, maybe Indianapolis.
 
If I were in the market, I'd give the local dealer's a chance to meet/beat the pricing. If not, a 90 minute drive wouldn't be that much of an inconvenience to save $1,000.
#47052 of 48164
Re: Another car pricing site.... [graphicguy] by corvette
Nov 03, 2009 (7:04 am)
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Replying to: graphicguy (Nov 03, 2009 6:42 am)

So, I accompanied him on a bus (something I'll never do, again)...
 
I've always heard that there are a lot of, um, interesting characters on bus trips.
#47053 of 48164
Re: Another car pricing site.... [snakeweasel] by richard64
Nov 03, 2009 (7:35 am)
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Replying to: snakeweasel (Nov 02, 2009 6:10 pm)

Though I'm sure that banks no longer allow it, I did charge a car on a credit card in 1993. It was a Saturday afternoon and the banks were closed. I purchased a new Buick Estate wagon with all of the options---$23k IIRC. We planned to do the deal on Monday until I made a joke about putting the car on my credit card. The salesman (also dealership owner) said that it would be fine with him. I did it, as my wife politely passed out in the show room. That card had a $45K limit so I knew that I was easily covered. We paid off the card when the bill came. It was a funny experience. I still have the card with the same limit on it. Heaven forbid that I would ever have to use that card to its limit! Can you imagine what the minimum payment and the interest would be?! It would take you 100 years to pay it off with minimum payments. Maybe longer.
 
Richard

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