I Just Bought a New Truck

[Irv]

If the dealer makes a deal with you, you got screwed.  It's just  matter if how bad you got screwed.  Anybody disagree?   My butt is hurting a little.  

[qwksilver]

8 minutes ago, Irv said:

If the dealer makes a deal with you, you got screwed.  It's just  matter if how bad you got screwed.  Anybody disagree?   My butt is hurting a little.  

It'll be 2025 in a few weeks and I still don't understand why there are car dealerships. Why don't/can't the other manufacturers adopt the Tesla business model??? Car dealer ships suck!

[Mike in Horseheads]

I've always enjoyed "the Hunt" when buying a new car to see who screws me less

[US Egg]

Recently bought a new Santa Fe. After agreeing on final price, we decided not to finance after hearing the quotes. 
 

They weren’t happy, said they gave us the “deal” because of financing it. It was an icy closing. Had to come back next day to get it, wondered if there’d be any last minute issues, which there weren’t. The salesman wasn’t really cordial. 

 

Guess he felt I stuck it to him, which I didn’t. But knowing he felt that, I kinda liked the it, until I gave him the check

[That's No Moon]

3 hours ago, qwksilver said:

It'll be 2025 in a few weeks and I still don't understand why there are car dealerships. Why don't/can't the other manufacturers adopt the Tesla business model??? Car dealer ships suck!

GM tried no haggle pricing with Saturn when it first came out.  People hated it.

 

You can walk into any dealership and pay what the sticker says. They won't stop you.

[Sweats]

You want to screw dealerships?!?........pay cash.

 

Dealerships make all of their kickback money on financing from financial institutions, so cash is useless to them and in fact, they end up losing money from all of the incentives for financing.

When i bought my ole mighty Dodge about 10 years ago, the dealership was drooling at all of the potential money they were going to make........when i flopped a certified cheque on their desk, they were not happy and tried to back out of the deal and sell the truck to someone else, but ole Sweats held them to the deal.

Bwahahahahahahahaha

 

Back in the day, cash was king......today, it's worthless when buying a vehicle, but it's only worthless to the dealerships, so if you want to screw them, pay cash and watch them cry.

[Gman10]

48 minutes ago, Sweats said:

You want to screw dealerships?!?........pay cash.

 

Dealerships make all of their kickback money on financing from financial institutions, so cash is useless to them and in fact, they end up losing money from all of the incentives for financing.

When i bought my ole mighty Dodge about 10 years ago, the dealership was drooling at all of the potential money they were going to make........when i flopped a certified cheque on their desk, they were not happy and tried to back out of the deal and sell the truck to someone else, but ole Sweats held them to the deal.

Bwahahahahahahahaha

 

Back in the day, cash was king......today, it's worthless when buying a vehicle, but it's only worthless to the dealerships, so if you want to screw them, pay cash and watch them cry.

How did you go about it? Did they ask you if you wanted to finance off the rip etc?

[sherpa]

I just bought a new Mazda CX5 last week. Through the process with several dealerships I told them I hadn't decided on cash or finance.

But some incentives are very attractive and if you get a tax free yield nearly double the finance charge, it makes sense to finance.

Everything must be carefully considered. 

[billsfanmiamioh]

As others have said, establishing the all in price then paying cash is the only way to come out “ahead”

[Sweats]

2 hours ago, Gman10 said:

How did you go about it? Did they ask you if you wanted to finance off the rip etc?

 

 

 

What happened was that i went on the lot, saw a truck i wanted, let the salesman know that i was going to buy it, told him to draw up the paperwork for the registration and let him know that i was going to the bank to get a cheque for the full amount and that i would be back in about 20 minutes.

 

When i got back, he sits me down to go over all the paperwork and says that he set up financing over the next 8 years, blah, blah, blah.......i gave him the cheque for the whole amount, but he thought i was just getting a cheque for a couple thousand dollar down payment and then he proceeds to convince me that i should really be doing financing........and then tries to tell me that there is another guy on the lot who wants to buy the truck and he WILL do financing, but seeing as i had a handshake deal with him first, it was my truck.

 

Oh, those car salesmen are shady and greasy, but i've been around the ole block once or twice myself.

[Augie]

8 hours ago, Mike in Horseheads said:

I've always enjoyed "the Hunt" when buying a new car to see who screws me less

 

My wife is in sales and she loves the process of the hunt. She gets all the facts and them pits the dealers against each other. Rule number one is don’t be afraid to walk out, according to her. She does that a lot. I can’t say she “wins” the process, but she does about as well as you could hope for.  

 

She knows a guy who owns a bunch of big dealerships in Florida and he told her he’s willing to give the new cars away to get your used car. He makes most of his money on the trade-ins. The last car she got she was offered $10k for the trade-in at a couple dealers, so she sold it to her niece for that amount. The dealer just would have marked it up then sold it, so I think she got a good deal. 

 

She had a disturbing/annoying experience at one dealership. She went to the sales office (alone) and noticed how every guy was immediately greeted, whether alone or with his wife. She was a by herself, and that apparently made her invisible. She was so taken aback that she went out and came back in to test it. Completely ignored again. She could have written a check for any car on that lot, but all they saw was a lady without a husband. Needless to say, she did not get her most recent car there. 

[qwksilver]

7 hours ago, That's No Moon said:

GM tried no haggle pricing with Saturn when it first came out.  People hated it.

 

You can walk into any dealership and pay what the sticker says. They won't stop you.

I don't believe Tesla has dealerships that was my point.

[Sweats]

Here's another trick at the dealerships......

 

Take your vehicle financing over 12 years.......but make sure you get an "open financing", where you can pay as much as you want, as often as you want, as long as you pay the monthly minimum.

Banks will shoot their load when someone wants to finance over 12 years cause they figure you'll be paying the vehicle off for 12 years and the vehicle by then will be worthless. The banks look at the longer you owe them money, the more money they will make off of you.

 

If your financing is over 12 years, your monthly payment will be like around $125/month.......but with an "open finance" which allows you to pay what you want as often as you want, if you are having some good months at work, then throw everything at the financing, but the minimum of $125/month still allows you to manage if you have some really bad months with work.

 

Banks hate it, but it's legal.

I've actually had banks throw it in a clause where we had to pay a minimum of at least 1 year before we totally paid the vehicles off.......they are getting wise to it.

[Miyagi-Do Karate]

8 hours ago, US Egg said:

Recently bought a new Santa Fe. After agreeing on final price, we decided not to finance after hearing the quotes. 
 

They weren’t happy, said they gave us the “deal” because of financing it. It was an icy closing. Had to come back next day to get it, wondered if there’d be any last minute issues, which there weren’t. The salesman wasn’t really cordial. 

 

Guess he felt I stuck it to him, which I didn’t. But knowing he felt that, I kinda liked the it, until I gave him the check

I actually love this. They are used to playing switcheroo, and got burned! 
 

I remember buying a Kia about 10 years ago, and we were signing everything after being there forever, and then the sales person was like, “oh, whoops. The only model we have left is actually the next one up, and the next year, and it’s going to be x$ more.”  I just left. 

[Sweats]

Here's another trick at the dealerships.......

 

Let's say for arguments sakes, you're buying a vehicle for $25,000 and you are paying cash, the dealership will always want this price to be $25,000 PLUS tax, so that price will be closer to $28,000-$30,000.........so when you get to the bank, get a certified cheque for only $25,000. When you hand the cheque over to the salesman, of course he'll say what the hell is this cause we agreed on a price of $25,000 PLUS tax and then just say you misunderstood and thought you agreed on the price being $25,000 which included tax, apologize for wasting his time and ask for the cheque back........he won't give the cheque back, he'll grumble and make the deal.

 

$25,000 in his hand is worth something, a customer walking away is worth nothing.

 

I use this one every time and every time it works, just as long as you understand how desperate the salespeople are to close a deal, you always have the upper hand.

This trick is "Sweats guaranteed".

[US Egg]

2 hours ago, Miyagi-Do Karate said:

I actually love this. They are used to playing switcheroo, and got burned! 

Was kind of dumbfounded they had a problem with cash. It wasn’t a problem 8 years ago with another dealer.
 

It’s a “Credit is King” world, by design, in ways that would make for PPP fodder.

Edited December 8 by US Egg

[Sweats]

11 hours ago, Irv said:

If the dealer makes a deal with you, you got screwed.  It's just  matter if how bad you got screwed.  Anybody disagree?   My butt is hurting a little.  

 

 

 

Dude, you just gotta know how to play the game........there are so many loopholes and "grey" areas and once you figure them out, you will always have the upper hand.

Having vehicles that aren't moving and sitting on the lots is actually costing the dealership money. They are in the business to move product, not store it, so once people recognize and understand how desperate dealerships are for business, the average Joe always wins.

 

In fact, i've been banned from some dealerships over figuring out how to play the game.

[Augie]

It looks like my wife is back in the hunt, but for our son. They came to visit last weekend for the first time with the newborn, first child and dog. With all the necessary kids stuff in the way-back there is literally nowhere good for the dog to be. Car seats now are awesome as swiveling makes it SO MUCH easier to get the kids loaded, but there’s no room in between for the dog.

 

Anyone love a vehicle with a third row that can disappear? 

 

.

Edited December 8 by Augie

[BillsFan4]

1 hour ago, Augie said:

She knows a guy who owns a bunch of big dealerships in Florida

It’s not Keith Pierson by any chance, is it? 

[Augie]

1 minute ago, BillsFan4 said:

It’s not Keith Pierson by any chance, is it? 

 

Nope, it was Vern Buchanan, also our former Congressman (we moved).