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So tell us...why is the little room bugged?




It's not But I have known salespeople who did their best to listen in from the next office over.


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Yeah, okay.


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Talk to Medicare, Medicaid and the lawyers about that. What's your excuse? Greed and profit, profit, and more profit.




Greed and profit Long hours, average pay, no benifits, and lots of abuse is more like it. We are not in the Union


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Talk to Medicare, Medicaid and the lawyers about that. What's your excuse? Greed and profit, profit, and more profit.




Greed and profit Long hours, average pay, no benifits, and lots of abuse is more like it. We are not in the Union





I'm not saying you guys have it easy. That's why you have to be swindlers.

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no benifits




I think GM does have one of the best healthcare and rx's plans available don't they ? Doesn't GM go through Medco for perscriptions for like $10 on a 90 day script ? My Grandfather who retired from Ford complains that his scripts went from $5 to $15 on a 90 day. And then complains it's too much and people who don't have health care coverage just don't want to get it. That old man can be a real moron at times

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I bought a great truck last year.

2004 Ford F-150 Lariat (5.4 Triton) with 7800 miles on it for 19k. It had every factory option possible plus an aftermarket locking bed cover. Perfect.

My wife doesn't go with me anymore to buy cars because she says it's too painful. I spent 10 years in sales (not automotive) and it's not fair when you're dealing with a kid/old guy/chick with a couple years under their belt.

But it's fun watching him/her go through their process. Inevitably I wait until they've exhausted their tactics, then I start the jedi mind tricks and it's over.

If you want to get the best deal possible you have to know sales.

1. Find out how they're measured. Almost always it's monthly. Wait until the end of the month to buy a car.

2. Find the board! Almost every dealership I've walked into has a board with every reps name on it and how many deals they've closed that month. Find the guy/girl with the least amount of cars sold and ask for that person. That person is often their worst sales person. Makes it even easier.

3. Never trade in a car. Sell it yourself on craigslist.org or another avenue. Ask yourself this: Would you get more money selling a widget to a person or a pawn shop? Don't sell your car to a car dealership.

4. Always pay in cash. I know that it might not be possible for you but make it a goal for your next car if it's not. Get prequaled at a bank and check rates nationally on bankrate.com or other.

5. If it's not the best deal in the world walk away. The guy at the bottom could be at risk of losing his job if he doesn't sell that car today. Jan 31st. He could be DESPERATE to sell the car. Turn the screws...I've bought cars for prices I've even felt bad afterward. But hey that's sales!

6. Never buy new. Unless it's something you absolutely cannot live without. I bought an Audi TT convertible when it was the second one delivered to the state. I paid through the nose but I knew I would. Don't buy new if you want a good deal.

7. Buy used from an a dealer that does not sell those cars. For example I bought my Ford truck from a Lexus dealer. They don't know the vehicle as well as you do and their GM wants that vehicle off their lot! They will basically give it away if you work hard enough. I think the Blue Book (which is done by dealers so divide by 15%) was 28k on it. I got it for 19. Do the math!

8. Do your research. There isn't anything information you can't get online. Study the cars/trucks you want. Know all the options. Heck I even know the packages and the codes used before I go into the dealership. Know what you want before you walk in the door.

I've often been asked if I'd consider selling cars by the GM when it's time to sign on the dotted line. I'm basically a car salesman's worst nightmare but hey they get suckers too ya know!


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I know exactly what you mean GM. 12 years in the business - first in sales, then F&I, then general manager/dealer, then unfortunately back to F&I...........What you are saying is 100% true.

On another note, I wish any of you car buyers would live in my town. 4 new car dealers in town. Aside from the one (you know which one, don't you Clay?), they are stand up joints. The one will try to screw you over any way they can. "They" (he) is a city dealer that lost his franchise and needed another GM franchise in order to continue his parts business, which is huge. (can't sell gm parts if you're not a gm dealer)

The owner has been there about 2 times in the past 5 years. (his other dealerships are roughly 50 miles away) The gm shows up monthly to go over the numbers and nothing more. They run this small town dealership like a city dealership, i.e. screwing anyone and everyone they can. They've had a customer call the police because they wouldn't give his car keys back...........

When buying a car, do not make an impulse purchase. Know what you are doing, know roughly what the car should cost, and go to someone you trust. From the dealers perspective, don't waste their time. Like GM said, some people will come in knowing they can't get a car due to credit history, being upside down, being in a 5 yr lease that started 1 yr. ago, etc........If you're a serious buyer, most places will go out of their way to help you out. Keep in mind, that salesman feeds his family, pays his mortgage, and spends his money in your town. The dealership needs to make a profit as well.

Like I always told my customers "look, we need to make a profit to stay in business, and you want us to stay in business so we can service your vehicle in the future. And no, we don't need to make all of our profit off of you."

The dealer has the last "say" so to speak, in that they can always refuse a price, but the buyer can as well. Don't go in looking for a sweetheart of a deal that is unrealistic. That's where buyers get into trouble. A "slick" salesman and F&I guy can make things look great, till you read the fine print. Then, when it's too late, you realize they didn't even say "thank you" when they bent you over.

Honest car dealers are out there. Profit is not a dirty word. Know a rough "ACV - actual cash value - of your vehicle, if you're trading one in - and for the love of God, don't value your vehicle at "premium" or whatever other fancy word there is for it.

Don't think that saying "oh, it has new brakes, new exhaust, and new belts" is going to affect the value of it. I always said "oh, so it runs like it's supposed to, huh?"

Do think that if it needs brakes, tires, exhaust, etc, that it will negatively affect the value.

Ok, I'm done. GM is still in the business, I'll let him take over again.

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Glad you're ok.

I worked at a ford dealership for about seven unpleasant years. My best advice is do your homework! Decide your bottom line and DON'T give in. Don't be afraid to walk out if you they won't deal with you. (or at least threaten to walk out). Tell them you're off to their competitor... they hate that!
Most salespeople think they are the king of the universe and you're an idiot. The longer you let them think that, the more they wil take advantage of you.

One other thing, it's best to shop at the end of the month or on the 14th or 15th (if you can). Most bonuses are fixed on these dates and sometimes if you catch a super desperate one, he/she will give the car away to meet their goal.

Remember that negotioating is a game. If you're in charge, YOU decide who gets played.


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Just clicking .... but here's one of my favorites from when I sold cars ....


We had this salesman ..... really strange guy ..... who had been in the military, and had been stationed overseas.

Well ...... this Vietnamese couple comes in, and they start looking at cars ..... and rattling off to one another in Vietnamese ...... going on and on .. often ignoring the poor guy ...... generally being rude ...... but they finally sit down to try to work a deal.

My office was next to his.

I hear them starting to work out a deal .... and they keep telling him that the price is too high ... and so on. Then they start talking to each other in their native tongue. Well .. then they say something and start to laugh .... and he says something to them in Vietnamese. Evidently, he learned the language, and was damn near fluent. Evidently, they had been calling him a clown, idiot, and other niceties all along ... and the husband had been going on and on about how he was gonna just beat him senseless on the negotiation ,,,,,,,, but that he was gonna buy the car ... even if he couldn't get it any cheaper ......

Kinda came to a stop when they realized that he knew the language.


It was hilarious in person. The couple just st there from that point on ... quietly ..... and signed whatever he put in front of them ....

Of course, the guy sucked with any customers that he couldn't get that kind of advantage with .... and last I heard he was in a mental ward ..... but it was funny at the time.


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Quote:

I bought a great truck last year.

2004 Ford F-150 Lariat (5.4 Triton) with 7800 miles on it for 19k. It had every factory option possible plus an aftermarket locking bed cover. Perfect.

My wife doesn't go with me anymore to buy cars because she says it's too painful. I spent 10 years in sales (not automotive) and it's not fair when you're dealing with a kid/old guy/chick with a couple years under their belt.

But it's fun watching him/her go through their process. Inevitably I wait until they've exhausted their tactics, then I start the jedi mind tricks and it's over.

If you want to get the best deal possible you have to know sales.

1. Find out how they're measured. Almost always it's monthly. Wait until the end of the month to buy a car.

2. Find the board! Almost every dealership I've walked into has a board with every reps name on it and how many deals they've closed that month. Find the guy/girl with the least amount of cars sold and ask for that person. That person is often their worst sales person. Makes it even easier.

3. Never trade in a car. Sell it yourself on craigslist.org or another avenue. Ask yourself this: Would you get more money selling a widget to a person or a pawn shop? Don't sell your car to a car dealership.

4. Always pay in cash. I know that it might not be possible for you but make it a goal for your next car if it's not. Get prequaled at a bank and check rates nationally on bankrate.com or other.

5. If it's not the best deal in the world walk away. The guy at the bottom could be at risk of losing his job if he doesn't sell that car today. Jan 31st. He could be DESPERATE to sell the car. Turn the screws...I've bought cars for prices I've even felt bad afterward. But hey that's sales!

6. Never buy new. Unless it's something you absolutely cannot live without. I bought an Audi TT convertible when it was the second one delivered to the state. I paid through the nose but I knew I would. Don't buy new if you want a good deal.

7. Buy used from an a dealer that does not sell those cars. For example I bought my Ford truck from a Lexus dealer. They don't know the vehicle as well as you do and their GM wants that vehicle off their lot! They will basically give it away if you work hard enough. I think the Blue Book (which is done by dealers so divide by 15%) was 28k on it. I got it for 19. Do the math!

8. Do your research. There isn't anything information you can't get online. Study the cars/trucks you want. Know all the options. Heck I even know the packages and the codes used before I go into the dealership. Know what you want before you walk in the door.

I've often been asked if I'd consider selling cars by the GM when it's time to sign on the dotted line. I'm basically a car salesman's worst nightmare but hey they get suckers too ya know!




# 3 and 4 would be correct. The rest of your post? Gibberish and "look at me" bs. Nuff said.

If you don't know the business, as you don't, don't give advice. And your ford truck buying experience? Sorry charlie, your advice just doesnt fly. For a number of reasons, the first being Blue book is bs from top to bottom. If you don't know that.........well, you dont' know much.

Your comment on "i've often been asked to sell cars........
or whatever.......gimme a break. That's a bs line and you know it.

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BTW Jules Asprin cost .02 and are Marked up to 10 bucks. A New car that costs 17,000 is Marked up to 18,000 and then discounted to 17,200 or 17,300.

Talk about Greed and Profit


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I think GM does have one of the best healthcare and rx's plans available don't they ?




Yes they do, but car dealers have crappy bene's. They get none of the Bene's that the Union guys do.


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I've often been asked if I'd consider selling cars by the GM when it's time to sign on the dotted line. I'm basically a car salesman's worst nightmare but hey they get suckers too ya know!




You still fall for that one


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# 3 and 4 would be correct. The rest of your post? Gibberish and "look at me" bs. Nuff said.



I'd say that number 8 was okay too.......

But Jedi mind tricks?? Oh geeez.....

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I've often been asked if I'd consider selling cars by the GM when it's time to sign on the dotted line. I'm basically a car salesman's worst nightmare but hey they get suckers too ya know!




You still fall for that one




I fell for that one on my first new car purchase/lease too. I was just so damn excited to have scored what I thought was a good deal on my car that I was suckered for about a day with that comment. Now I know it was just said to be said. I mean, I am a good salesperson, just would suck at selling cars. LOL!


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Selling cars is EASY. Just know your product. Know the compitition, qualify the customer, do your presentation, and Demo. If the customer likes the car it sells itself.


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Biggest reason I would suck at selling cars is that I HATE working nights and weekends. I'll stick to stand mixers and blenders.


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Selling anything is easy if you believe in it.


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Nights and weekends suck, and being here ALL the time sucks.


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It's not like we are going to rip them off and charge them 10 bucks for a asprin




GM, I certainly don't mean to offend you or demean your industry,,, But I recently had an experience that I would like to share with you..

I bought a 2007 TrailBlazer last June. Because my father (deceased) retired from GM, My mom was able to allow me to use the GM Employee discount for the purchase..

By the way, we bought it at Serpentini in Aurora, Ohio. and I think we got as good a deal as could be had.

Now, What happened really bothered me. Two months later, my 81 year old mom went to buy a car and because I felt that I was treated fairly on my purchase, I took my mom to Serpentini. (if I'm not mistaken, that's showing loyality to the dealer that treated me good)

She bought a 2007 Malibu that she just loves..

Well about a month after her purchase, she gets this letter from General Motors asking her if she offered her employee discount to anyone.. ( I found out at that point that there are various levels of discount that my mom can offer to friends and family,, Employee, Supplier etc.)

Well, Mom being worried about it because that letter had a statement in there that indicated that my mom could be involved with fraud... Mom was rightfully concerned...

So she brought the letter over to my place, we called GM and got a nice lady on the phone by the name of Betty.

Betty started giving us the Birthdates of all the people that Mom supposedly gave discounts rights too..,

Only her and my birthdates matched of the 9 or so that Betty quoted us...

I guess that mom can give out 2 employee discounts and then one for herself and on top of that, she is allowed something like 6 or so Supplier discounts.. not sure of the numbers,, never was to be honest..

Anyway, the most interesting thing about this whole situation is that NOT one of those discounts were offered to anyone prior to June 27th, 2007.. the day I picked up my new trail blazer and the day we gave Serpentini the info on my father so they could verify with GM..

All discounts were offered after that time.., all at Serpentini. all in the Aurora store.

According to Betty at GM, that is considered fraud on the part of the dealer..

Not by my mom, but by Serpentini.. I guess General Motors went after them. I don't know the outcome, but I did get a call from Serpentini telling me it was the salesman I used that commited the act of fraud and that he will be made to pay.,.. Not sure what that means either to be honest..

But there is ample reason to distrust car dealers.. this is just one of them.. As you have pointed out, there seems to be ample reason to distrust potential buyers as well,,

The difference is this, when a buyer walks in and ends up wasting the salemens time,, it's not fraud.. it's cruel, but not against the law.

When a buyer walks in and says his credit is fine and it turns out not to be, it's not fraud, it's a lie perhaps, but only fraud if he gives you false info about his SS# or somethiing along those lines..

When a buyer walks in and tells the salesman that he can only afford $200 per month, it's a tactic to see what he can get.. Not fraud..

So while I believe and understand your frustrations, you guys in the car business have done a ton of things to make people think the things they do..

I hope you are not offended, I consider you a friend and Offending you today is not on my agenda..


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Wow!

I wonder if maybe the dealer you used was using those fake discounts to cover for the deals he was actually making.


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Well there are snakes in every business, and those guys deserve to be strung up by the ... by their boys The dealership should have lost their right to do any and all GM Employee business for a min. of six months to a year. I'll have to check on that one


BTW I sure would be offended by you bro. Offended by the other dealership.... YEP... but not by you.


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# 3 and 4 would be correct. The rest of your post? Gibberish and "look at me" bs. Nuff said.

If you don't know the business, as you don't, don't give advice. And your ford truck buying experience? Sorry charlie, your advice just doesnt fly. For a number of reasons, the first being Blue book is bs from top to bottom. If you don't know that.........well, you dont' know much.

Your comment on "i've often been asked to sell cars........
or whatever.......gimme a break. That's a bs line and you know it.




Gibberish I would disagree with.

"look at me": yeah when I read it today it does sound cocky, arrogent and kind of a-hole ish. Hey I'm an ex-sales person. I still trying to squelch that side of my personality.

I've bought 10 cars for myself, about 6 for friends and family. I know how sales works, I know how they're trained. I've been in sales for more than a decade. I've been fortunate enough to work for organizations like AT&T and SBC that invest a ton of money in training.

Jedi mind tricks....I was trying to be funny....but yes there are techniques in sales to lead people down a path and yes they easily work on newbie car salesmen and others.

Sorry my post came off condescending. I'm sure #1, #2 and #5 would infuriate a person in the business. But it's what I do and it works. You know it's not gibberish.

Also I got out of sales because of the nature of the business. I was tired of it but sales training does come in handy when you're on the other side of the table.

And with the things car dealerships do to people with trade ins that are ill prepared to participate intelligently in the negotiation is what gives car salesmen a bad name. Many, many salesmen and managers are crooks in this business in my opinion. If they can put an old lady in a box on a $400 a month lease, on a 30k car while accepting a trade in valued at 15k. Then you know what...that deal gets done. You know it's true.

So yes I get the best deal I can and no I am not worried about your profit margins. I always treat people well and with respect, never the jerkoff jackhole who goes in like he runs the place.

So that's it. Sorry it sounded like I was king-s or something. Aloha.


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Well, in all fairness, yes it sounded kind of cocky so to speak, but, my response to you was kind of snot headed as well. Sorry. (it was 3:30 in the morning. )

And, yes, there are "bad" sales people and dealerships (bad meaning looking to rip you off), but there are far more "good" sales people and dealers.

Also, I'm not in the car business anymore, and honestly, I don't miss it one bit.

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Dealers generally make a profit even below invoice on a car. It's hard to get below that though because they're very reluctant to give up any of their holdback.

My best advice, figure out what you want. Go to edmunds.com or similar sites and look at what people are actually paying. Find out the invoice. Make a firm first offer based off of that info and make it known you did you research. The more they know you know did the research the more likely you won't get the runaround and can make the process very smooth and easy.

For the most part the extended warranty is NOT worth it. That's pure profit for the dealer most of the time. GAP is a great option if you don't have that much down. Check with your car insurance prior to buying it as it may be included with your insurance or purchased that way at a cheaper rate. Either way its cheap though.

For my wife's car this past summer, I came up with a deal (200 above invoice) and walked out. She was not with me and I needed her to test drive and make sure she liked it before I bought it before. They sweetened it slightly thinking I wasn't coming back when really I was just going to be back the next day with my wife. We had the agreement in place for right at invoice as I walked out the door. I came back in the next day and bought the car.

I did trade her old car in for a couple reasons. Her car was not worth that much on the open market and I did not want to wait for it to sell (about 3500 would probably be the best we would get). We ran it over to CarMax wrote us an appraisal to buy it at $2k. We took that with us when we went to finalize the deal. They didn't want her car but called a used car dealership in the area and told them about what car max offered and we got 1900 for it in trade in, which actually saved us about $25 over selling to carmax since you don't have to pay tax on your trade in... I doubt we would have gotten anything over 1500 without getting the cash value from car max first, and even if they didn't offer it we would have just sold it to them and came back.

I won't be surprised to see the industry make a real push towards actual pricing vs this stupid negotiating crap. It only makes dealers look shady imo and too often they are looking to pad the pocketbook vs actually helping the customer.

And us others have said... never negotiate on payment. Negotiate on price.


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Yeah,, if you find anything out,, let me know,,

It's Serpentini Chevy in Aurora, Ohio..

They really ticked me off...

Funny story,, after this all came down, one of the managers at Serpentini called my mom,,, 81 year old woman told him to Fudge himself.. and she didn't say fudge either My mom doesn't swear, but man was she ever ticked off...

That's when he called me to tell me that the salesman is paying the price.... he told me about Mom.... all I could do was stare at the phone, stunned,, then I just cracked up,, my mom is a piece of work man... let me tell you.


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As long as people have cars to trade .... and especially trades with loan payoffs involved ... there will always be negotiating.

Plus .... you make it sound like nothing else ever gets negotiated. I have negotiated appliance purchases ...... repair services ..... furniture purchases .... etc. Think places like Sears, Best Buy, etc., only sell at list price? I bought my laptop at Best Buy. Before I went in, I went online and found the best possible price on the laptop I wanted, and printed it off before i went in. I got that price from Best Buy. I don't like to pay more than I have to.

As far as the dealer cost ..... the invoice isn't "cost" ...... but selling new cars alone, and at invoice won't allow many dealers to stay in business. When you consider that a dealer has to pay the office staff ..... salesperson ....... management ...... keep the lights on ..... advertise to attract enough business to keep everyone employed ..... pay for inventory, and floorplan interest ....... make the payment on the property ..... insurance ..... well ..... it's a tough business. A new car shingle usually brings in more people for used cars as well ..... plus parts, service, warranty work, financing .... and all of the other things that allow a dealer to make money.


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As far as the dealer cost ..... the invoice isn't "cost" ...... but selling new cars alone, and at invoice won't allow many dealers to stay in business. When you consider that a dealer has to pay the office staff ..... salesperson ....... management ...... keep the lights on ..... advertise to attract enough business to keep everyone employed ..... pay for inventory, and floorplan interest ....... make the payment on the property ..... insurance ..... well ..... it's a tough business. A new car shingle usually brings in more people for used cars as well ..... plus parts, service, warranty work, financing .... and all of the other things that allow a dealer to make money.





So what you are saying is that they have overhead.. Ya know, that's business,,, that's the way it works.. I am part owner of one company and 100% owner of another.. I have overhead also.. No biggie.. you just have to price product right, don't take less then you need to and keep costs under control,,,, If you can't do that, then you will go out of business.. simple


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However .... sometimes you make "something" ... even if it's not what you would normally like to make.

Damn near everything in this world that is for sale is negotiable.


Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.

John 14:19 Jesus said: Because I live, you also will live.
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Quote:


car dealers have crappy bene's. .



I can totally back you up on that one. Ours was a privately owned company. (owned by the brother of the guy who owned the dealership)

It was basically a scam. Didn't cover a dime (even after I met the deductable). I dropped it soon after that. I saved more money that way.


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I pay retail for very few things. Most items I buy online, other than groceries. Cars should be at a set price period. Negotiating is just stupid and only creates animosity and distrust in both directions.

I will never pay much of anything above invoice for a car. I'll buy new but at the tail end of the model year when you have more negotiating room and they're usually running nice rebates and such.


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Quote:

Quote:


car dealers have crappy bene's. .



I can totally back you up on that one. Ours was a privately owned company. (owned by the brother of the guy who owned the dealership)

It was basically a scam. Didn't cover a dime (even after I met the deductable). I dropped it soon after that. I saved more money that way.




I must have worked for a pretty good place. I got health and disability ...... paid sick and personal days .... (only $50 per day ..... but not bad for a day not worked) 2 weeks vacation per year ... also paid (and based off of the previous year's earnings) ...... a matching IRA ....... demo or car allowance ..... a Christmas bonus ...... and a pretty fair commision structure.

If it wasn't for the fact that I knew too much .... and had to do way too much "free" stuff at exactly the wrong time .... I would have never left.


Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.

John 14:19 Jesus said: Because I live, you also will live.
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You were lucky. We had the best commision split in dayton, but I was just office help. (second class citizen)
We did have vacation pay (paid on your anniversary date) and lots of free concert and football/baseball tix, but that's it. No sick days or any of those other goodies. The crappy pay and their view towards women just wasnt worth it for me.


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I forgot: our vaca pay was only 40 hrs. Kinda stunk when I was putting in 50-60 a week.


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I forgot all the free tickets I got. Man ... I kinda miss it now. That and working with the ad reps for all of the little local papers ...... who all seemed to be cute little girls .....


Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.

John 14:19 Jesus said: Because I live, you also will live.
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They always were hotties! So weird.
The free tickets are the only things I miss. You couldn't pay me enough to go back to that world. It's so twisted and shady.


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Well .... I do miss a couple of them who took me to lunch every so often ......


Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.

John 14:19 Jesus said: Because I live, you also will live.
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Quote:

For the most part the extended warranty is NOT worth it.




This part I have to disagree with 100 percent. Heck I sell the warranty, and I won't buy a car for myself WITHOUT one. I also won't sell a car to my kids, or parents unless they add the warranty.

Quote:

That's pure profit for the dealer most of the time.




Thats also not true. The warranty companies (GMPP for GM) don't give them away for free. Now do some dealerships try to make a lot of profit on them.... YEP but most dealerships only mark them up a few hundred bucks. As for the GAP insurance.... If your buying a car with no money down, or with only a little down GET the GAP if however your putting 5 or 10K down you don't need it. I look at each deal myself, and either tell the customer they need to add it, or that they don't need to spend the money on it. It's funny sometimes when the customer looks at you funny and says "Your telling me NOT to buy it"


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I've never had to deal with it (for a multitude of reasons), but what exactly is Gap Insurance?

(I would go look it up on wiki, but wanted to pose the question for the benefit of others as well)


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If your car is ever totaled in an accident or stolen you receive a check from your insurance company (any where from the wholesale amount to the retail amount of book value for your car minus your insurance deductible) If you didn't put a chunk on money down when you got the loan then in many cases your payoff at the bank is a lot higher than the amount of the check you receive. This leaves a GAP between the amounts that you are responsible for paying out of your own pocket. The GAP pays that difference (and most GAP policies pay up to 150 percent of the retail book value) plus it covers your insurance deductible.

If your like most people it's going to be really hard to come with 3, 4, or 5 thousand dollars to pay off your old loan, AND have to go get another car at the same time. If you have the GAP coverage your old loan is paid in full, and you are free to just go get another car. If your lucky enough to have 20,000 or more just laying around you don't need the GAP insurance, but if you have little cash laying around, or live paycheck to paycheck like most people, the GAP insurance can be a life saver.


I AM ALWAYS RIGHT... except when I am wrong.
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