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Comments
The more troubling thing is the VIN descripancy. That's a new one on me. Never heard of a VIN on a new car being unverifiable, but I'm sure some of the veterans around here may have heard of this situation before. Very strange.
They did not seem to be doing much on coming off the price of a brand new car, what's the deal here?
Any dealer care to comment about the echonomics of "unwinds"?
The Lemon Law commands that if a vehicle manufacturer or its authorized dealer(s) cannot properly repair a “material defect” in your vehicle while it is under warranty after “a reasonable number of attempts,” the manufacturer must either promptly replace your new vehicle or refund your money, at your choice. The Lemon Law applies to all vehicles (including trucks and recreational vehicles) purchased or leased in the State of California and under the manufacturer’s new vehicle warranty.
A “material defect” is defined under the Lemon Law as something which “substantially impairs the use, value, or safety of the vehicle.” Most mechanical or drive-ability problems will qualify under this standard. The more serious the defect, the fewer number of repair attempts will be necessary to qualify the vehicle as a “Lemon."
What constitutes “a reasonable number of attempts” at repair is a question of fact that can only be answered on a case by case basis. However, as a guideline, the Lemon Law states that if within 18 months or 18,000 miles of use, whichever occurs first, either the same material defect has been subject to repair four or more times, or the vehicle has been in the shop by reason of repairs for material defects for a cumulative total of more than 30 calendar days, then the vehicle is “presumed” to be a lemon. In addition, for vehicles purchased or leased after January 1, 2001, if the vehicle is repaired two times for a defect is likely to result in serious bodily injury or death, the vehicle is “presumed” to be a lemon.
I pulled this info off of a lawyers website.
For more info you could do a search or look here
http://www.californialemonlaw.info/clls.htm
If you don't hear a Yes, then you can assume the answer is No.
If he offers MSRP for a car that sells close to invoice, then he didn't do his research very well.
Always haggle the amount your writting the check for, and think in those terms when your doing your homework...When somebody wants to haggle every single line of the sale it often leaves way to much room for a problem.
If you do your homework you can get a good idea of the selling range. Somebody can find out in minutes here on edmunds... Terry and Bill can give you a good idea of the value of your trade...pretty simple...of course, If everyone is paying MSRP and waiting 4 months and you go in and offer $100 over invoice your in for a terrible buying process.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Case in point: I recently took delivery on my 2003 MDX Tour w/ Navi in the color I wanted. Of the NINE Acura stores in Chicagoland all but ONE were pretty much STUCK hard on MSRP. Through my research I found that dealers in other states WERE willing to sell for considerably less than MSRP. Fortuntely for ME & the Acura store in Orland Park IL we came to an agreement that while not QUITE as low as an out-of-state deal, made me VERY comfortable...
SO, I would have concluded that "everyone" WAS paying MSRP if I had only visted the 8 stores & not researched the situation in other states ( a situation that, admittedly MOST buyers will NOT take advantage of...)
I agree totally with what ren posted. You have to research all options available, even if at first it seems kinda out there. Case in point is that if you read the RX330 thread in smart shopper, it appears that some buyers have gotten thousands off of msrp on these, while the dealers are saying they are still at MSRP and most are sold before they hit the lot.
Just one man's alternative. It is possible to by a car easily, get an "okay" rather than "the best" deal, and be happy about it.
To ease the stress of car buying you could buy like my brother-in-law:
When you ask how much is that car, well they'll give you a price like MSRP or MSRP plus ADM fees.
Well all you have to do is say OK and write the check. This method has absolutely no stress and the dealership and sales people will treat you well.
I just posted this as a response to Mirth who wanted a stress free buying experience. He could probably take a lesson or two from my brother-in-law on car buying procedure
He does his research up front so he has a good idea of what he'll pay and he gives them an OTD price. He'll never be a grinder but he will have a life outside of car shopping.:-)
Ian let me know if I misread your post but you sound a lot like me in car shopping.:-)
I know, I was just being a wise-guy and making the point that negotiation is at least somewhat stressful.
To get a great price you will need to experience at least some stress. To have a stress-free buying experience you will probably not get the best price.
Awesome.
Alternatively, you could bring along hired help to do the dirty work. After all, that's what they invented maids, butlers, gardeners and lawyers for.
Salesman: Uh, who's the guy behind you?
You: Oh, don't mind him. He's just here to carry the bags of cash.
Kinda keep in mind on the 330's it's the huge re-sale on the 300's that keeps their prices on the new, high ... I could be wrong, but I also have a feelin' that there's a little "smoke" going on some of those prices, most dealers I know still get a hefty price on the 330's, $3,0/$4,000 off ~ I don't think so .. but, it makes for a good story.
Terry ;-)
The typing, though - that's stressful. LOL.
: )
Mackabee
Let your fingers do the walking!
royce--sorry I wasn't clearer on the ordered vs in stock. To me it is all the same, I am buying a car. I am never in a situation of having to have a car right away, and I do not mind waiting a while to get exactly what I want. Geez, I must be crazy, I FACTORY ORDERED a camry and a sable before that. Why is it that the ordered rx330's are discounted?
rivertown--I agree with you on the net being pretty stress free. After I had decided on my camry I emailed about 6 dealers, got some replies and did some follow up emails and within a few days, had a below invoice price plus a $1000 rebate. It did not take much time at all.
mack--Ah, time, the great equalizer. I have never understood the mentality of buyers that have to have a hot selling car as soon as it comes out. There is so much competition in every vehicle type that you can surely find a close vehicle that sells for less than MSRP. If the corolla is hot, buy the civic. If the sienna is hot, buy the ody. The PT cruiser and Tbird are great examples of this. A year after they were out, the prices were much more reassonable. A little patience puts a lot of mola in your pocket.
Terry.
The spread on quotes was wild. Yes, I sensed some of the quotes were bogus; but then some were specific and had that 'straight shooter' tone. I just blew off the bogus quotes - thanking them for their time, etc.
The deal I took was the 2nd best quote, and I negotiated down some ($200). Had I been more willing to make a trip, I could have taken the best quote and saved another $800. The best quote was confirmed with a net ad (7 at that price).
Next time I need a car, I'll go net for sure. The only thing I'd add is a request for a faxed buyer's order to confirm the offer before I make the trip to the dealer. It wasn't really necessary this time, since 'twas a local dealer; but it would have saved some floor sales games. (I think I read the fax idea in one of Mass' posts.)
Mark
I guess it didn't read well, and there were other issues involved too. It wasn't meant to embarrass anyone.
That's a Golden Rule I've learned from MY clients over 30 years of a (non-auto related) sales career.
I used to believe the idea that since all dealers buy their vehicles from the factory (or a wheat field!) for the same price, on a clean deal with no trade there won't be much difference in the OTD price for the same exact vehicle; maybe a couple hundred either way.
I don't believe this anymore and I'll give you two examples.
1) Last year, long before the new Sienna came out, Ody EX-Ls were selling pretty much at MSRP in my area and several colors were hard to come by at all because of the annual model changeover period then in effect. My wife's girlfriend needed a new ride because of an accident; she tried to buy an Ody for full cash for two weeks to no avail, hitting all the showrooms within a 15-20 mile radius - she couldn't locate a silver one even at full MSRP. Weird but true even though we have dozens of Honda dealers in the extended area.
I helped her with two hours of search time on the web and she located her exact vehicle about 50 miles north of town and got a price $1000 under MSRP. Excellent deal for the dealer, excellent deal for Julie, and for ten minutes I was a hero. The delivery went off without a hitch a few days later.
So the question is - why would that Honda dealer sell a "hot" vehicle in a popular color for $1k under MSRP when that was NOT the going rate at other dealers who offered to "find one somehow" at MSRP?
I don't know the right answer but it probably has something to do with that dealer's exact situation that day we sent them an email.
So if you were one of those other Honda dealers, Julie would be dining on you that evening.
2) A more recent example from two months ago - my sister-in-law needed to quickly get out of her Acura MDX lease a few months early and get into a cheaper vehicle; she likes Acuras so I helped her shop a lease deal on the TL that is being replaced by a new model in a few months. Acura factory is offering a 36-mo lease deal that seemed attractive except the drive-off isn't well disclosed and she had no cash to put up so the appraised amount of resale equity in the MDX (unreal value used!) was vital. I contacted ten Acura dealers and of the 7-8 that responded professionally, one was clearly the best deal - with monthly lease payments (after zero drive-off $$) that saved her about $1300 over the 36-mo term.
Beats me why one Acura dealer out of ten could offer a much better deal - they certainly weren't the biggest dealer of the bunch...AND they reside in an expensive part of town. And all the dealers said they could resell the MDX in a matter of days.
So I guess that would be another dinner, right?
river - I'd love to be able to sit in my house, send out an email, and get reliable price quotes back. However, the dealers in my area either don't respond to quote requests or just say "come on down" anyway. The system that Edmunds touts doesn't work if the dealers don't cooperate. So I might as well just call the guy who gave me the test drive and make an offer.
I really like the net for sorting the wheat from the chaff. My take is that wheat-chaff sorting is necessary, showroom or net. No need for a buyer to stay captive in a market.
I have heard you and a couple of others mention that the latest generation SI hasn't been selling well. Any particular reason for that? I have fond memories of the older SIs and CRX's too.
thanks ,
Steve
Aditionally, the Si looks an awfully lot like a miniature Oddysey, which doesn't help too much with the kids that want to look cool.
The unwind refers to the deal, as in the deal has to go backwards and unwinds.
These cars are losers in time and money for the dealership. Although they are technically used cars they can be a very good value. Check it over and if everything on the car looks OK then it may represent a great bargain.
The looks issue is getting better, IMO; the Si now looks like the little sibling, with Mom being an Oddy and older bro being a Matrix.
To my notion, the real prob is marketing. MSRP is nearly $20K, and most folks don't expect a deep discount on a Honda. So, I think many buyers reject the Si on MSRP alone.
(A shopper's price, however, is closer to $16K+-; and I don't know of a car out there I'd rather have that I can actually buy at that price.)
Then, it's a manual tranny only car.
And, it's a torquey devil rather than the screamer previous gen Si's were.
All in all, I think it's MSRP that discourages interest from the get go. Hindsight is always clearer; but in retrospect it sure looks dumb to change a car's character, over price it, and lead with one's chin into a depressed market.
Next time you are interested in just looking, tell Guido that you would love to buy if he can approve your loan with no down payment and your 350 credit score and bankruptcy. Hell launch you pretty quick after that allowing you to look over the lot all you want.
then what would you do?
remember when your mama told you that honesty is the best policy? she was right!!
But seriously, If you just are looking let everyone know - up front that you are NOT buying a car today at any price.
What I also should have posted above is that these guys are trying to earn a living - so don't waste their time.
Come on, there has to be a line somewhere, right?