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Smart Shopper Buying a Car During the Credit Crunch
343 messages, Last post on Nov 14, 2008 at 5:59 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: volvomax (Oct 30, 2008 1:15 pm) The trade is appraised sight-unseen at $2500 for an 8 y.o. with 88,000 miles as being in good shape. In fact the next day when it's brought in the ABS light is on ( 'it was too expensive to fix it' ), the tires are bald, the O/S rearview mirror is broken and one of the front doors is broken. It's not a $2500 vehicle it's a $1000 vehicle. The POI shows $3600 monthly gross whereas on the credit app the borrower had stated $5500 monthly gross with the loan being approved on this income level. ( 'What's the problem? On every other loan in the past I always stated $5500. ) For those of you NOT in the business this occurs very very often. In some cultures this pattern of misrepresentation is simply part of the negotiation and it's perfectly acceptable to lie. Caveat Emptor to the extreme.
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Replying to: volvomax (Oct 30, 2008 1:15 pm) And I will also repeat myself that sales persons who lie are in greater numbers than what you've posted and that is based on my own personal experience here in central Florida. So I'll end my part of this discussion by saying that customers and sales persons who lie deserve each other. |
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Replying to: jipster (Oct 30, 2008 4:42 am) "The way your posts are structured does make them difficult to read duke. I suggest putting whoever you are quoting in italic text, located just above the emotorcons. Then separate your quoted italic text and what your reply is by starting a new paragraph. Then the rest is grammar 101, paragraphs, periods, commas, complete sentences. Fair criticism and accepted. jip it's emoticons, not that I'm a stickler. Now on , to thy who lacks recognition of specious assertations.So how does $100 oil make sense? LOLOL . Pretty fair grammar. And the reply is? Note: this actually requires a reply and not a deflection kdhspyder. Said again most kindly, but inquiring minds want to know. j: Crap, keep up with the program willya, ok I'll slow it down. jip it's emoticons but I was able to understand your point. Hell maybe they do call them emotorcons in this forum. That would be stretching correct grammar for the sake of relevance but I still get the point. Accept must I; Yodaism 
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Replying to: duke23 (Oct 30, 2008 6:46 pm) ... Hell maybe they do call them emotorcons in this forum. That would be stretching correct grammar for the sake of relevance but I still get the point. Wrong. It IS Emotorcons so the grammar is correct and unstretched. The SM you see attached to "Emotorcons" in the link below stands for Service Mark which means that it is a pending trademark. The jipster is quite correct in his usage of the term.  In any case, I'm not sure I see the relevance to buying a car during the credit crunch of grammar and whatever it was that you are attempting to say in your message. Not that I am a stickler but ...  tidester, host SUVs and Smart Shopper
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Replying to: mikefm58 (Oct 30, 2008 6:35 pm)  In the normal wold it is called a lie. For some reason in the confines of a car dealership it is called negotiations. I guess I "lie" to customers every day if you really want to split hairs. Customer: Whats the best rate you can get me? Me: I don't know till I submit the deal to the bank Now technically I know what the best rate is if he meets all the parameters so I guess I just lied. Customer: Whats the lowest price you will sell me a service contract for? Me: I don't know sir, come on in my office and lets talk about about it. Another lie, I know what the cheapest service contract we have is but before I price him one I want to ask him about his driving habits and what he wants covered and then price the VSC to him with profit on it. So I guess from that perspective I am going for a trip down the river Styx when my time comes
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Replying to: joel0622 (Oct 31, 2008 4:49 am)
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Replying to: joel0622 (Oct 31, 2008 4:49 am) That's not lying. You may know the answer if all the parameters are met but there is no mileage in saying you'll qualify for x% and then finding out that one of the parameters is not met and that the interest rate will be y%. Your answer is really the short version to save time and is not to deliberately mislead. I would find that acceptable. |
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Replying to: mikefm58 (Oct 31, 2008 5:46 am) I think we all can agree that the current system to buying a car is confrontational and we all wish there was a way to setup a no-haggle system where the dealer gets a fair profit and we can shop dealers based on customer service. We all know it's not going to happen as long as we have as many car dealerships that we have and they are owned by individuals rather than the manufacturer. For a big purchase like this, the customer needs to do their homework before starting negotiations. there are too many websites, books and articles out there on car buying and the negotiation process for someone to claim ignorance. Unfortunately, people don't understand if the salesman is being deceptive or unclear in his answers, ask for another salesman or simply walk out. Trust me, that is a very powerful tool because that salesman will have to explain to his manager why a potential buyer suddenly left the dealership. I did this when we purchased our 1994 Accord. I wanted to see clearly on a piece of paper how much they were giving me for my trade (1989 Ford Tempo, yeah I was pushing it) and how much was the price of the car. the salesman kept combining the trade with the discount. I gave him one last chance. He did it again. I stood up, told my wife we are leaving, and walked out of the dealership. Shocked my wife! The salesman called the next morning at 9:15 am and apologized. We finished the negotiations later that day the way I wanted, negotiating the trade separate from the purchase of the car. I'm sure they made a profit on the deal but I was happy with the price and the trade., so win-win. They even beat the financing I secured at my credit union. For some reason, when we get in car dealerships, people forget that it is their money and they have the power. If you don't understand the contract, don't sign it. Nothing wrong with asking to sleep on it and then asking a friend to explain it to you. |
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| we're pretty far off-course related to the discussion title. | |
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Replying to: tidester (Oct 30, 2008 8:26 pm) "In any case, I'm not sure I see the relevance to buying a car during the credit crunch of grammar and whatever it was that you are attempting to say in your message. Not that I am a stickler but " My apologies sir, But I judge your post out of line. Way out of line. Please defend the sentence structure below :link title There is of course no credit crunch of grammar nor is there a credit crunch of mean spiritedness. There is only a credit crunch. If you indeed require an explanation of "what I was attempting to say in my message " I will comply in the most simplistic terms available with stick figures and arrows to indicate motion. Note :humor. Sidenote: K speaks great wisdom but sadly some ego's seem to have gotten in the way. Apologies gladly accepted. It should never go one way. Waiting...
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Smart Shopper Buying a Car During the Credit Crunch
