Notices
GS - 4th Gen (2013-2020) Discussion about the 2013 and up GS models

Questionable Dealership Tactics - Finance

Thread Tools
 
Search this Thread
 
Old Oct 27, 2013 | 01:26 PM
  #16  
SW17LS's Avatar
SW17LS
Lexus Fanatic
Active Streak: 60 Days
Loved
Community Favorite
Top Answer: 1
 
Joined: May 2012
Posts: 68,730
Likes: 4,074
From: Maryland
Default

Originally Posted by BarrettF77
I think the policies should be clearly stated and held across the board. But customers also do develop relationships from repeated purchases with dealers as I have in the past and in those cases you sometimes can get past the standard practices.

A house isn't something I get a new one of every few years. Thank God!
Every dealer sets their own polices, but they should be adhered to across the board at that dealer.
Reply
Old Oct 27, 2013 | 04:41 PM
  #17  
MjThind's Avatar
MjThind
Lead Lap
 
Joined: Feb 2012
Posts: 552
Likes: 4
From: Bay Area/ Valley/ So. Cal
Default

I picked up my LX full cash, but I had a cashiers check not a personal check. I had to do a credit app anyways, didn't make a difference to me really. It's how you are presented about it, my salesman was pretty straightforward about why I had to fill the credit app, he told me security reasons. Being business owner myself, I understand that businesses have to take measures to prevent fraud, you can't prevent all of them but I'm sure 90% can be.
Reply
Old Oct 27, 2013 | 05:01 PM
  #18  
SW17LS's Avatar
SW17LS
Lexus Fanatic
Active Streak: 60 Days
Loved
Community Favorite
Top Answer: 1
 
Joined: May 2012
Posts: 68,730
Likes: 4,074
From: Maryland
Default

I absolutely would not submit to a credit app when buying with a cashiers check.
Reply
Old Oct 27, 2013 | 06:50 PM
  #19  
shocker88's Avatar
shocker88
Driver School Candidate
 
Joined: Oct 2010
Posts: 34
Likes: 0
From: nc
Default

When I purchased my 2011 I had ordered, I paid cash almost was trading a car in also. They accepted my $32k personal check no problem. However, during the wait for my F-Sport accessories to be installed I drove my car to carmax and they offered more so I had to get the financing because of a title issue on my car which took an out of state trip to VA DMV where I still had car titled. In NC now. But he did Lexus finance knowing I would pay it off with one payment. However, he talked me into the maintenance plan 4yrs. Because he said I could get a refund if I never used it. I asked "a full refund?" He said yes, so I said okay. But I realized after owning the car a year and it didn't have but 7500 miles I would never get to use it as first service was free and at 3yrs car has only 19650 miles so I requested it be canceled and I get a full refund at my first service. Trouble then. They said I only get $550 of the original $1900 paid. I said he'll no, I want it all I never buy that kind of crap and would not have had he not promised I could get a full refund. That is only reason I purchased it. So after a few calls and a visit, the dealership paid me the difference. Overall Lexus was by far the best car manufacture to deal with, I think per my experience with this purchase. I would buy again from same dealer if I wanted another Lexus product, new or used.

However Flow Lexus of Greensboro, NC was a total opposite experience. The suck, and didn't treat me right from the start when I is cussed ordering my car. Needless to say I went else where and the never serviced my car even though the were only 30mins away from my house, the dealer I bought from 1.5 hrs away was only one who ever touched it.
Reply
Old Oct 28, 2013 | 06:40 AM
  #20  
praetor's Avatar
praetor
Racer
10 Year Member
Liked
Loved
Community Favorite
 
Joined: May 2013
Posts: 1,497
Likes: 205
From: IL
Default

I was denied credit due to my lack of credit history. My fault for paying for everything in cash. LOL ... Anyhow, I came back with a cashier's check, manager called my bank to verify and I went to see the finance guy still. He still tried to sell me all the gap insurance, paint protection, detail package, ...etc. But I told him NO, the cashier's check is already made out. LOL
Reply
Old Oct 28, 2013 | 07:54 AM
  #21  
BarrettF77's Avatar
BarrettF77
Lead Lap
 
Joined: Jan 2006
Posts: 553
Likes: 3
From: KS
Default

Originally Posted by praetor
I was denied credit due to my lack of credit history. My fault for paying for everything in cash. LOL ... Anyhow, I came back with a cashier's check, manager called my bank to verify and I went to see the finance guy still. He still tried to sell me all the gap insurance, paint protection, detail package, ...etc. But I told him NO, the cashier's check is already made out. LOL
They try so hard
Reply
Old Oct 28, 2013 | 08:48 AM
  #22  
Flying3's Avatar
Flying3
Intermediate
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Apr 2009
Posts: 456
Likes: 198
From: MA
Default

Originally Posted by BarrettF77
They try so hard
That's because these "plans" are very profitable. I always figure that something that is so profitable for the guy on the other side of the desk is probably a bad deal for me.
Reply
Old Oct 28, 2013 | 09:56 AM
  #23  
BarrettF77's Avatar
BarrettF77
Lead Lap
 
Joined: Jan 2006
Posts: 553
Likes: 3
From: KS
Default

I know that 100%. The only type of extended warranty I ever get is the one that comes with purchases automatically by doubling the manufacturers warranty with my credit card. Otherwise, I don't buy them.

A product I'm buying needs to meet criteria for being above the competition and reliability. Otherwise, why am I looking at your brand? And these companies have changed it so that you are promised the world in the sales aspect and have to jump through endless hoops often when you need to use it assuming what they told you at sale was even accurate.

When I buy my cars, I even joke with them about what they are pitching. We usually end up agreeing it's silly to buy and the finance guy going I never buy these either. It's the ones that look lost that are going to get "the pitch".
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
shadowman
Northern California Lexus Club
3
Jun 8, 2015 09:32 AM
tekbiss
NX - 1st Gen (2015-2021)
5
Jan 15, 2015 04:14 PM
sphy1005
Car Chat
51
Mar 6, 2014 10:56 AM
ndk83
Car Chat
5
Dec 19, 2010 03:34 PM
relax221
RX - 2nd Gen (2004-2009)
3
Feb 22, 2010 03:01 PM




All times are GMT -7. The time now is 02:43 PM.