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Smart Shopper Got a Quick Question for a Car Dealer?
2394 messages, Last post on Nov 03, 2009 at 11:03 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: mikefm58 (Sep 06, 2008 5:13 am) The Sales Manager should be thankful that that sales person is still around.. what if he had left for another store and the OP decided to buy over there because of his presence.
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Replying to: kdhspyder (Sep 12, 2008 12:02 pm) Unethical or not what may it appear to a third party. My profession strongly discourages anything that may appear improper. An example is during the tax season I do someones taxes and since the resulting fees seem high I give a discount. Now the client likes my work and how I delt with him and gives me a $20 tip I cannot take it. That is because someone may see all this and presume that I am pocketing $20 of the fee and reducing the fee on the system. (yes someone was actually doing that last year)
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Replying to: snakeweasel (Sep 15, 2008 2:18 pm) That is the same thing here in the car business. It is the salesman job to create as much profit for the store as possible. The store would much rather give the salesman his percentage of that profit. $500.... In the old days and I am sure it still happens today. A salesman says give me $500 cash and I will subtract $1000 from the price. The only thing really happening is the customer is only financing a Thousand less. (this only works in finance deals). Stay with me Jip you are a accountant. So instead of selling it at $20,000 now we are selling it at $19,000 and that is what you are financing. Now a manager has to be in on it because the manager has to approve the deal. The $500 never gets shown on the paperwork. The salesman and the manager who approved the deal split the $500. Now the owner has people stealing from him. True story. GP |
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Could I have your professional opinions on this question posed in our Answers department, or your reactions, or advice or whatever? http://answers.edmunds.com/question-How-negative-equity-dealer-take-30628.aspx thank you! Shifty, Visiting Host |
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Replying to: Mr_Shiftright (Sep 29, 2008 9:05 am) Edit: Never mind. I just reread his question and saw it in there. Ya, he's murdered in those trades.
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This past weekend, my daughter tried to purchase a new car and when she asked what her used 2007 TSX was worth, the dealer showed her "Black Book" pricing that was about $1,500.00 lower than Edmunds. What is this Black Book? and is it another way of trying to rip people off? Thanks 
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Replying to: madmanmoo (Sep 29, 2008 10:15 am) Would a dealer even make a deal like this, blending two negative equity trade-ins, into a new car. That would work out to something like carrying over $15,000 debt and adding it to a $30,000 new car loan, for a $45K total? Do dealers actually work deals like this?
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Replying to: Mr_Shiftright (Sep 29, 2008 10:40 am) |
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Replying to: Mr_Shiftright (Sep 29, 2008 9:05 am) And a 2001 Audi? Just wait until this troubleprone car starts killing them in repair bills. Oh and a house about to foreclose? Nevermind what I was about to say!
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Smart Shopper Got a Quick Question for a Car Dealer?
