Last post on Jun 19, 2013 at 8:13 PM
You are in the Smart Shopper
What is this discussion about?
Car Buying, Car Selling
#2984 of 3262 Re: quick question for dealers.. [carstryke]
by MrShift@Edmunds HOST
Aug 07, 2012 (9:35 am)
Off lease auction sales I would guess, plus, as you say, trade-ins.
I have heard from salesmen friends (anecdotal, so can't verify) that in their stores they estimate that about 1/2 the people who buy new cars are trading in cars that they still owe money on---so in other words, 50% trade in prior to the term of their loan (which is usually 5 years).
They also tell me that perhaps 1/4 of those people (not sure if they meant 25% of the 50%, or just 25% of everyone buying a new car) are upside-down in their loans, and blend the old loan into the new one---yikes!
#2985 of 3262 Recently purchased a used car from dealership and having problems
Aug 10, 2012 (7:20 pm)
I recently purchased a car from the dealership in may 2012 and everything was fine. I'm a first time buyer so when my plates and tags hadn't arrived i was thinking it just needed more time. then my insurance sent me a letter of cancellation for failure to send registration, yet i hadn't received my registration yet. so i went to the dealership and they said the DMV sent a notice of my make and model being recalled and need to be certified. remind you that was in June 2012 and the dealership failed to mention or call me regarding that, only because i showed up was i informed. so i took my car to a certified dealership to get checked out it passed and i returned to my dealership with the proof of corrections. Finally my car has been registered and i barely received a call today 08/10/12 to pick up my plates and registration, yet they told me i have to pay an additional $226 before they hand them over. i already paid for registration in the contract. And to top it off i just received a notice from DMV for renewal of registration for Oct 2012. I'm confused why am i paying all this money to the dealership if i have to re register it in Oct. i payed $250 in contract and they want $226 now and in Oct my renewal is $169. The dealership is unprofessional they even typed up my contract with the wrong spelling of my name they fail to contact me for anything i have a feeling that something is going on and they are trying to hustle me. please help should i pay them the $226 or not?
#2986 of 3262 Re: Recently purchased a used car from dealership and having problems [510taurus]
Aug 14, 2012 (3:58 pm)
I wouldn't. I'd complain to your local consumer protection office or dealership licensing body (if there is one).
Sounds like the whole deal was a big mess from the start.
#2987 of 3262 Re: Recently purchased a used car from dealership and having problems [boomchek]
Aug 21, 2012 (12:23 am)
I bet the $250 he paid was a Document Fee, not Tag/Title Fee.....
#2988 of 3262 Lease contract question
Aug 30, 2012 (8:38 pm)
We leased and took possession of a new vehicle last weekend. Today we get a call from the dealership saying we needed to come in to sign a new contract, apparently they had us signed the wrong contract. If we weren't all that crazy about the vehicle after a week, could we return the vehicle?
#2989 of 3262 Re: Lease contract question [dhammer]
Aug 31, 2012 (12:45 am)
#2990 of 3262 Re: Lease contract question [obyone]
by Kirstie@Edmunds HOST
Aug 31, 2012 (6:57 am)
Well, if the new contract has different terms, then usually you have the option to sign a new contract OR negate the deal. They can't force you to sign different terms.
#2991 of 3262 Re: Lease contract question [kirstie_h]
Aug 31, 2012 (8:17 am)
Thanks for the info everyone...we're heading over soon, so we'll see.
#2992 of 3262 What Transpired @ Dealership ? ?
Sep 04, 2012 (1:06 pm)
I am seeking your expertise as to what transpired here and would appreciate your knowledge.
Dealer A - New York - takes vehicle as trade on new car purchase. Traded vehicle is not same brand as dealership. Vehicle is listed for sale maximum Black Book Retail value (Extra Clean) of $34,000 Lists vehicle extensively on the internet for approx. 2 weeks (weeks 1 & 2 of August) Had made an offer within Edmunds TMV, Black Book 3rd week of August, which was refused. Would only go down $900. 4th week of August vehicle is removed from sale.
At the 4th week of August, Dealer B - Delaware, located 3 states away, now has this vehicle and is listing for the same price as Dealer A. Dealer B as well is not the same brand as used vehicle.
What transpired here --- Just wishing to understand. Both dealers are asking the same price. Is this a pre-auction move, swap or what? Thanks for your input .
#2993 of 3262 Re: What Transpired @ Dealership ? ? [seekxpertise]
Sep 04, 2012 (1:15 pm)
Dealer A probably sent it to auction and Dealer B bought it. Dealer B is trying to sell it at the same price and may wind up accepting less or sending it off to auction in a few weeks.