Didn't accept my cash offer
#46
Pole Position
iTrader: (11)
i have a friend who is a broker and the way he does it is you tell him how much you want to pay for the car within reason and he does research and gets the car for less than that and he keeps the difference. So lets say a 250 is going for 44 and it shows up on edmunds that people are paying 42...you tell the guy youll buy it at 43 if he can find it for less and its what you want he keeps that difference since he is still getting you the deal you want. He also does it on % fee basis. It really depends on what the buyer wants to do and what gives them peace of mind i guess.
#47
Finance and pay it off right away. There's no additional cost to financing if you pay right away.
Three money making elements to any car deal: New vehicle price, trade in offer, financing. All three together comprise the deal's value. When you take financing out of the picture, you eliminate one of the places they can make money, so either trade or purchase price will suffer. If you have no trade and you pay cash, they need to make all their money on purchase price. It's the hardest way to get a good deal.
I've never bought from a dealer with cash even when I had the money in hand.
Three money making elements to any car deal: New vehicle price, trade in offer, financing. All three together comprise the deal's value. When you take financing out of the picture, you eliminate one of the places they can make money, so either trade or purchase price will suffer. If you have no trade and you pay cash, they need to make all their money on purchase price. It's the hardest way to get a good deal.
I've never bought from a dealer with cash even when I had the money in hand.
#49
Tech Info Resource
iTrader: (2)
CAUTION this is only true if you get a Simple Interest loan. Some loans are Rules of 78 and that means you pay all the interest even if you pay off early! If you keep the car for the entire length of the loan there is no diff between Simple Interest and Rules of 78, BUT if you decide to sell early rules of 78 will bite you in the **** and hard.
#50
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#51
Driver
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Hi everyone.. So yesterday I went to the dealership expecting to buy my new is 350awd.. After some numbers were crunch up by the dealer for a 350awd nav/ luxury package. It came up to a little bit over $47k out the door taxes, fees etc etc..
I counter back at 43k and they came back at little but over 46k
I came back at them with 44k cash offer out the door, and I told them if they accept it I'll buy it today..
To my surprise they didn't accept my offer( I was shocked)
Do u guys think $44k for a is350 AWD with nav/ luxury package was a fair deal.. I thought it was a fair deal? Or am I wrong
I counter back at 43k and they came back at little but over 46k
I came back at them with 44k cash offer out the door, and I told them if they accept it I'll buy it today..
To my surprise they didn't accept my offer( I was shocked)
Do u guys think $44k for a is350 AWD with nav/ luxury package was a fair deal.. I thought it was a fair deal? Or am I wrong
#52
Lexus Test Driver
iTrader: (1)
you gotta walk back in the dealership and act like you have pair! walk in with a tailered suite and snake skin shoes. Slick your hair back and throw on a set of shades. act confident but not cocky. ask to speak to the sales manger. when he approaches you get right in his face and say "here's 43k in cash and im taking the car"
#53
Lexus Test Driver
iTrader: (5)
you gotta walk back in the dealership and act like you have pair! walk in with a tailered suite and snake skin shoes. Slick your hair back and throw on a set of shades. act confident but not cocky. ask to speak to the sales manger. when he approaches you get right in his face and say "here's 43k in cash and im taking the car"
#55
Lexus Test Driver
Going to the "sales manager" is not always the answer. I have dealt with quite a few in the past, that came off as the "buy here pay here" guy on the TV commercials. Here is what I would tell you to do. . . . Know what you are willing to pay for the car, know what your credit score is and how you intend to finance the vehicle (I rarely use the dealer's finance company), and then make your offer. It really is that simple. If they accept, you have a new car. If they don't, you either let them know that it is what you are willing to pay, and that they can call you when they can get closer you your "out the door number", or you take your offer to anther Lexus dealer. It isn't as though you have to drive 2 hours to the next dealer. People will tell you a lot of tricks and tips, but I have known people in the car sales business, and it really comes down to how bad they want to move the numbers. All dealers have kickback quotas and such, but it really is more a matter of being able to "work" the salesman/sales manager, to get the deal done. Always go into a dealership with the mentality that you are working them like salesperson, working them in the same way that they are working you. If you can't get the deal you want, walk away. Either that or you will regret it..... Everyone has done it both ways.
#56
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#57
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If you have good credit, do NOT settle for what the dealer wants... I think your offer is reasonable, the best thing to do is wait, and shop around in other dealers... I had to drive 70 miles to a lexus dealership to get my car, they got me my CPO 44k miles for 21k out the door... I could of got it for less, but my credit is jacked up, I had to put 10k down as well.... I have a really high APR%, I got the letter from "chase" who accepted my loan, and I see my loan amount for 23k after my down payment, and for 60 months?? I was a bit confused, and I'm going to call the dealership and see why, but I have an idea and its cuz of the high interest rate perhaps... I only accepted this to rebuild my credit....
i told him 43K now if u want my business cause i have a friend thats going to buy the same car by the end of march
im pretty sure there gonna call me at the end of this month so im not too worried.. i waited this long so whats another few weeks right. to get my first luxury car for the price i want
#58
Driver
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i do have really good credit which i work so hard for and to keep.. i dont wanna finance casue i just dont wanna pay interest.. now doing a little more research i think thats a pretty reasonable price.. plus now i have a few dealers working for my business im more in demand of what i want now i like how they are sucking up to me.. and just yesterday the first dealer i went to called me and ask if im still interested in the car..
i told him 43K now if u want my business cause i have a friend thats going to buy the same car by the end of march
im pretty sure there gonna call me at the end of this month so im not too worried.. i waited this long so whats another few weeks right. to get my first luxury car for the price i want
i told him 43K now if u want my business cause i have a friend thats going to buy the same car by the end of march
im pretty sure there gonna call me at the end of this month so im not too worried.. i waited this long so whats another few weeks right. to get my first luxury car for the price i want
#59
Lexus Test Driver
iTrader: (5)
If you have 45k to put down I say screw the lexus. You can get a really nice used lambo on ebay for about 85k. http://cgi.ebay.com/ebaymotors/04-LA...item2a0e10a4ff