Negotiating a car deal, great video.
#16
#17
I have never seen any benefit to being a repeat customer...none. In fact when I got the S580 I got it from the same dealer, but literally everybody I dealt with in 2020 is gone. Salesman, sales manager, finance managers, service manager, service adjuster. The salesman tried that line with me "you're buying a relationship with me" and I reminded him of that, what are the odds hes even there 2 years from now? Nobody else has been.
If I buy a GX in a couple years from the same dealer that I got my 500, it'll be the same. I'll just be "some guy".
#18
Before COVID pretty much anyone could walk into a dealer and pay MSRP and now cars are going for under MSRP again. You want the Tesla experience then just pay MSRP, no games and problem solved as long as you just say no to all the BS in the finance office.
One thing I won’t do is pay over MSRP, I don’t need or want a car that bad and if there is a dealer markup I will just say no. The problem with the Tesla model is that if you were like me as a first time buyer a couple years ago I had no idea they adjust prices as much as they do due to supply and demand. I paid $40k more than what they are going for now so I feel like a chump and won’t do that again and I’ll wait it out. At least with dealers I can see if they are adding a markup.
With Porsche I was almost going to pay MSRP for an ordered Cayenne as most people online were getting zero discounts but at least I wasn’t paying over MSRP. I was able to finally get a 3.5% discount which is a little over $5k which I was more than happy with but it took a good bit of luck for that. For a full size Range Rover around me you aren’t getting a discount but since it is a Penske dealer you aren’t paying a markup either. Apparently even during COVID he told his dealers to not charge a markup, remarkable man.
One thing I won’t do is pay over MSRP, I don’t need or want a car that bad and if there is a dealer markup I will just say no. The problem with the Tesla model is that if you were like me as a first time buyer a couple years ago I had no idea they adjust prices as much as they do due to supply and demand. I paid $40k more than what they are going for now so I feel like a chump and won’t do that again and I’ll wait it out. At least with dealers I can see if they are adding a markup.
With Porsche I was almost going to pay MSRP for an ordered Cayenne as most people online were getting zero discounts but at least I wasn’t paying over MSRP. I was able to finally get a 3.5% discount which is a little over $5k which I was more than happy with but it took a good bit of luck for that. For a full size Range Rover around me you aren’t getting a discount but since it is a Penske dealer you aren’t paying a markup either. Apparently even during COVID he told his dealers to not charge a markup, remarkable man.
#19
As far as the video is concerned I think the guy got a pretty good deal. With lower priced cars like the one he is getting there isn’t much profit unless there are manufacturers incentives. Doesn’t mean there isn’t room to negotiate, it’s just the amount you are fighting for is much smaller.
#20
....And we respect that. But also consider that I bought my first new car in 1975, had several used cars before that, typically have replaced my vehicles at anywhere from 2 to 6 years, have shopped with many family, friends, and co-worker who came to me for advice (not to mention hundreds of test-drives), and I am not exactly a stranger to that process myself.
No arguments there. That's what Saturn, Scion, and (for a few years) Oldsmobile did, with great success.....until their brands were ruined by mismanagement and the wrong product.
Well, depending on the time of the month, like I said, it could also depend on end-of-month incentives from the manufacturer. If the manufacturer is going to give the dealership a good enough rebate for a sale, the dealership can afford to take off some of the extra bull-s*** charges. [/quote]
You have to take into consideration that as late as last year, MSRP itself was not a bad deal. The market was still recovering from the pandemic, and three years of excessive mark-ups.
Then just sell the cars at MSRP. The manager is willing to back off all the fees because they realized they're not going to be able to screw this guy and they want to sell him a car.
then they continue to negotiate against themselves because they are totally full of it.
Of course the dealer gave you the deal you wanted, you thought the guy in the video paying over MSRP would have been a good deal, and you think paying MSRP is a good deal. Its not..
#21
Well, depending on the time of the month, like I said, it could also depend on end-of-month incentives from the manufacturer. If the manufacturer is going to give the dealership a good enough rebate for a sale, the dealership can afford to take off some of the extra bull-s*** charges.
You have to take into consideration that as late as last year, MSRP itself was not a bad deal. The market was still recovering from the pandemic, and three years of excessive mark-ups. incredible profits driven by their ability to screw every customer that walked in the door
Originally Posted by patglim
As far as the video is concerned I think the guy got a pretty good deal. With lower priced cars like the one he is getting there isn’t much profit unless there are manufacturers incentives. Doesn’t mean there isn’t room to negotiate, it’s just the amount you are fighting for is much smaller.
He did great, he just shouldn't have had to go through all of that to get a deal at MSRP.
#22
You and I (and most of the general public) are usually not in a position to know just how much, if any, end-of-month factory-to-dealer incentives are involved. They exist, but are not publicized.
Just re-worded what I said, but with the same exact meaning......a rip off.
Fixed that for you.
#24
#25
#26
My experience is to the contrary in dealing with the same salesman at the same dealership since 1998. After buying 4 new cars from him between 1998 and 2005, he lost the next sale in 2010. Since then the process has been the same: his pricing starts at invoice then deducts the holdback and any manufacturer incentives and then adds $200 to get my final price. It does not matter what model it is or whether there is a trade. That process has been the same for deals arranged for family members. And it's as simple as sending an email for a price quote.
Now, granted, this is an extraordinary situation - what salesman stays at the same store for more than 25 years? I keep worrying that he's going to retire!
Now, granted, this is an extraordinary situation - what salesman stays at the same store for more than 25 years? I keep worrying that he's going to retire!
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bitkahuna
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09-05-23 12:57 PM