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Mid Atlantic Impreza Club Forum sponsored by Annapolis Subaru |
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10-27-2011, 10:58 AM | #76 |
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Vehicle:1991 MR2 turbo 05 Outback XT |
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10-27-2011, 11:29 AM | #77 |
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Hazel
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10-27-2011, 12:16 PM | #78 | |
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Vehicle:1999 Outback Limited Black Granite Pearl |
Quote:
If I wanted to buy exactly the car you're trying to trade in, why would I pay YOU more for it than I could buy it for at an auction? Make sense? KBB and NADA are financial guides and should NOT be used to draw a parallel to market value. Think of cars like stocks... there can be literally thousands of dollars worth of swing in the value of a certain model overnight. Just ask all the Camry owners that wanted to trade after the gas pedal thing came out. --Andy |
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10-27-2011, 12:52 PM | #79 |
Former Vendor
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Vehicle:13 BRZ 05 92X Aero White, Black |
Another amazing answer Andy! This thread needs to be a sticky. This takes all of the guess work out of car sales.
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10-27-2011, 01:48 PM | #80 |
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Andy, this is a BMW-specific question since I've always been curious about European Delivery. Do you dislike/hate when people come in and do the European Delivery route? I know the dealer makes less on it, so I take it that screws you out of some/all of the commission as well.
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10-27-2011, 03:23 PM | #81 | |
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Join Date: Oct 2005
Chapter/Region:
MAIC
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Vehicle:1999 Outback Limited Black Granite Pearl |
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Everybody wins! --Andy |
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10-27-2011, 03:25 PM | #82 | |
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Member#: 104922
Join Date: Jan 2006
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MAIC
Location: NoVA
Vehicle:2016 WRX |
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The public websites that tell me specifically what my car is worth are not accurate. And, the resources that do tell me what it is worth are not accessible to me. How am I supposed to appraise the value of a trade in? How do I know that the dealer is not low balling me? |
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10-27-2011, 03:42 PM | #83 | |
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10-27-2011, 03:54 PM | #84 | ||
Former Vendor
Member#: 206860
Join Date: Mar 2009
Chapter/Region:
MAIC
Location: Alexandria, VA
Vehicle:13 BRZ 05 92X Aero White, Black |
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Lowballing will vary from dealer to dealer and customer to customer. You can take market value of your car at a dealer and private party sale - Then subtract 2-3K and that should be close to your trade-in value. We are not lowballing you. We are gambling that we will get that money back or possibly even make a profit on the car. Quote:
Carmax is volume based. So they are not as pressed to make as much as they can. They will be happy with a hundred dollars profit. |
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10-27-2011, 11:26 PM | #85 | ||
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Location: Silver Spring, MD
Vehicle:2005 CGM WRX Wagon 68HTA |
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10-28-2011, 09:22 AM | #86 |
Former Vendor
Member#: 206860
Join Date: Mar 2009
Chapter/Region:
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Location: Alexandria, VA
Vehicle:13 BRZ 05 92X Aero White, Black |
Yep, that's a respectable and reasonable offer.
Because you can have your money in an actual investment that's paying you and allow the banks to fund your depreciating investment at very little cost. |
10-28-2011, 09:40 AM | #87 | |
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You have $100,000 invested in the stock market and you're comfortable with that. Cashing out $30,000 to pay for a car is just like converting the $30,000 into a "risk-free" investment, say into a savings account earning 1%. So sure, take the loan, especially if it's a subsidized rate. But not in this case: You have $100,000 "invested" in a savings account earning 1% and you're comfortable with that. You should pay for the car with cash and not finance it with a loan at 3%. Of course if the rate is 0%, I'll take it. You SHOULD NOT take the loan and then invest the $30,000 cash that you could've used to pay for the car and invest it in the stock market. That's taking additional risk. Last edited by Benchmark; 10-28-2011 at 09:50 AM. |
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10-28-2011, 10:51 AM | #88 | |
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Quote:
However, I agree that if you can find something worthy of dumping your $30k into that will yield a return much greater than $1,471.29 in 5 years, then this approach makes good sense. You'd also have to consider than anything with a high yield is also high risk and likewise low risk low yield. Thus it may not be THAT easy to find an investment that will make give you a decent return within 5 years. If it is that easy, please let us all know! |
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10-29-2011, 01:25 PM | #89 |
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Vehicle:2001 RS-T 2015 XT |
Question: how likely is a dealer to offer free upgrades on a car rather than haggle for a lower price. So if I walk in and negotiate a price on a car, but would like the price to be lower... can I counter the dealer with "how about throwing X options for free" to get the final price closer to what I wanted in the first place? Like asking for a free navigation package or a free set of rims for snow tires. Would things like that work at a dealer?
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10-29-2011, 02:41 PM | #90 | |
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10-29-2011, 02:48 PM | #91 | |
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10-29-2011, 03:10 PM | #92 |
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The wife and I went looking at a car yesterday with that only in mind, LOOKING. We wanted to see the inside and see how a car seat would fit. The salesman came out asked if we needed help, I told him we only wanted to look at the interior of the car because we were going to purchase in the next couple months.
Everything was fine asked us if we wanted to go inside to get some info on that model... we ended up in there for almost 1 hour because he wanted to try so hard to sell us a car that very day. I kept telling him I was not looking to buy today as I told him when I asked to see the interior. He brings out the manager, I tell him the same thing. I felt like I was trying to be forced to buy a car. Was there something else I should have said? Or were they just being pushy? I thought I made it clear that I only wanted to see the inside of a car so we could be sure this was one of the cars we were thinking of. |
10-29-2011, 03:13 PM | #93 | |
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10-29-2011, 03:22 PM | #94 | |
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10-29-2011, 03:29 PM | #95 | |
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10-29-2011, 03:29 PM | #96 | |
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Vehicle:2001 RS-T 2015 XT |
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10-29-2011, 03:44 PM | #97 | |
Former Vendor
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Vehicle:13 BRZ 05 92X Aero White, Black |
Quote:
Negotiations are just that. If the dealer wants to "sweeten" the deal, that's on them. Some might be willing to eat the cost of something to make a deal. Some might laugh in your face and ask you to leave. A free NAV package could be 1,700-2,300 depending on the Mfr. A set of rims can be 600-6,000 depending on the Mfr. A set of tires can be 250-1,200 depening on the Mfr. So what do you think a dealer would want to throw in? I would reccomend focusing on a Sale Price that will make you happy and don't feel like you have to resort to a ditch effort to get the right price. |
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10-29-2011, 03:51 PM | #98 |
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10-29-2011, 03:56 PM | #99 | |
Former Vendor
Member#: 206860
Join Date: Mar 2009
Chapter/Region:
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Location: Alexandria, VA
Vehicle:13 BRZ 05 92X Aero White, Black |
Quote:
He tried to take you through the sales process. When it fell apart he introduced his Mgr.Blah, blah, blah... These are things that have to happen at just about every store or the Salesman will be fired. At the point that you feel uncomfortable or pressured, Just leave. Get up, say thanks, tell the Mgr your researching, and leave. That the Salesman had you there for an hour is wrong on your part and their part. You don't have to be rude but you can be direct about exactly what your intentions are for this visit. He was obviously being pushy and trying his hardest to make a sale that day. When Salesman are desperate it comes off that way. When you are researching, you are doing just that. Gathering info on the different models of interest. These forms of sales tactics drive business our way in droves. We are just a lot more relaxed and easy than most of the stores in our are. Please try not to hold anything against the Salesman. They are just doing there jobs. It's not the right way, but they are trying. It's a sink or swim type of job and it's not cut out for everyone. |
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10-29-2011, 03:59 PM | #100 | |
Former Vendor
Member#: 206860
Join Date: Mar 2009
Chapter/Region:
MAIC
Location: Alexandria, VA
Vehicle:13 BRZ 05 92X Aero White, Black |
Quote:
The cost of the warranty is built into the deal. So if I sell you a car for 32,250. I "throw" in a free warranty that costs us 250. You just got the car for 32,000. |
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