Internet vs. Traditional Car Buying

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Comments

  • joel0622joel0622 Member Posts: 3,299
    Ya, we collect sales tax based on where the car will be registered. If you are out of state and paying cash no lien then we just have you sign an out of state tax affidavit which states the car will be leaving the state within 10 days and taxes will be payed to the home state.
  • qbrozenqbrozen Member Posts: 33,783
    Can anyone explain this line from the story to me:

    The problem is, they didn't realize that a $10 payment bump over a 5-year loan nets an extra $1k in profit for the dealership.

    Now, I'm not mathematician, but just how does $10 x 60 payments = $1k???

    '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

  • madmanmoomadmanmoo Member Posts: 2,039
    66.5% interest rate. They had the bad credits.

    -moo
  • greanpea68greanpea68 Member Posts: 1,996
    The problem is, they didn't realize that a $10 payment bump over a 5-year loan

    $10 Bump in a monthly payment to means equals $500...

    GP
  • madmanmoomadmanmoo Member Posts: 2,039
    .....

    GP, 60x10 = _________

    -moo
  • mattandimattandi Member Posts: 588
    C,mon moo. He was using that increasingly popular 50 month term.
  • madmanmoomadmanmoo Member Posts: 2,039
    OH!

    :blush:

    Just messing with ya, GP!

    -moo
  • greanpea68greanpea68 Member Posts: 1,996
    Replying to: greanpea68 (Feb 11, 2008 5:09 pm)
    .....

    GP, 60x10 = _________

    Your killing me today :P :blush:

    You know what I mean. The rest of it goes to interest. On average if i bump someone $10 I get $500 more in gross. The 100 goes to interest.

    It is a good thing I have you guys to keep me in line. :shades:

    GP
  • greanpea68greanpea68 Member Posts: 1,996
    Just messing with ya, GP!

    I thought so...

    Like I said I am lucky to have you guys around.

    :)

    GP
  • qbrozenqbrozen Member Posts: 33,783
    that's about what I figured.
    I guess it could be just an error in the article. Or the author still understands so little.

    '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

  • joel0622joel0622 Member Posts: 3,299
    Nice save Einstein :D
  • mackabeemackabee Member Posts: 4,709
    Ok, GP. Repeat after me: 1+1=2, 2+2=4, 4+4=8.
    Now some multiplication: 1x1= 1 2x2=4, 4x4=16
    Now some binary math 1+1=0 0+1=1, 0+0=0
    Any questions?
    :shades:
  • explorerx4explorerx4 Member Posts: 20,868
    sorry, in binary 1+1 = 10 :P
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • mackabeemackabee Member Posts: 4,709
    Nope, it equals 0 and you carry the 1.
    Mack :P
  • michaellnomichaellno Member Posts: 4,120
    I'm gonna have to agree with explorerx4 on this one.

    Let's do it this way .. express numbers as 4 digits.

    So, in our normal decimal system, the number two is 0002.

    In binary, it would be 0010

    Right most position = 1
    Next character to the left = 2
    Next character to the left = 4
    Next character to the left = 8

    So, the number 6 is represented as 0110 (0x8 + 1x4 + 1x2 + 0x1).

    Let's not even get into octal and hex code .... :sick:
  • mackabeemackabee Member Posts: 4,709
    That is correct, but in my example 1+1 = 0 and you carry a one. Sure we can get into octal and hex code. I love challenges.
    ;) Mack
  • tidestertidester Member Posts: 10,059
    Just in case you need the circumference of your tires in base 8 here are the first few digits of π: 3.980456933354547594437410241132... :P

    ** EDIT ** The above number is WRONG! Obviously, the site I got it from has a very buggy program. The error should have jumped right out at me. Do you see it?

    tidester, host
    SUVs and Smart Shopper
  • cdnpinheadcdnpinhead Member Posts: 5,625
    that whiplash from topic shift.

    You can just never tell where things are going to go around here.

    Not that it's a bad thing. :D
    '08 Acura TSX, '17 Subaru Forester
  • madmanmoomadmanmoo Member Posts: 2,039
    This is exactly what you would expect from internet nerds. :blush:

    -moo
  • jeffyscottjeffyscott Member Posts: 3,855
    Nope, it equals 0 and you carry the 1.

    That is like saying 5+5 = 0. It doesn't.
  • joel0622joel0622 Member Posts: 3,299
    What are you all tired of the grammar pet peeve deal and now are going to branch out to mathematics? :D
  • mattandimattandi Member Posts: 588
    Well, computers speak in binary, and they are fluent in hexadecimal and other bizarre numerical languages. They are adept at translating some serious gobbledegook into plain language that we sometimes understand, excluding complicated lease arrangements of course. So that's the internet way.

    Customers and salespersons typically talk in terms of lowest possible price and payments, and highest possible doc fees and gross with a smattering of horse power and torque. Usually nothing more advanced than simple arithmatic, excluding complicated lease arrangements of course. So that's the traditional way.

    So, it kinda fits. ;)
  • greanpea68greanpea68 Member Posts: 1,996
    So, the number 6 is represented as 0110 (0x8 + 1x4 + 1x2 + 0x1).

    Let's not even get into octal and hex code ....

    Can you do a lease calculation for me now ;)

    GP
  • greanpea68greanpea68 Member Posts: 1,996
    You can just never tell where things are going to go around here.


    I was thinking the same thing. :shades:

    This place is nuts :shades:

    GP
  • tidestertidester Member Posts: 10,059
    now are going to branch out to mathematics?

    You can give OTC - Discussion Suggestions at try! ;)

    tidester, host
    SUVs and Smart Shopper
  • mackabeemackabee Member Posts: 4,709
    No, it's not. Look up binary numbers and just use 3 or 4 digits if you like. 011 is decimal 3, so using this number let's add three and two binary and see what comes up.
    1
    011
    + 010
    --------
    101= decimal 5, we added 1+1 = 0 and carried the 1.

    Next lesson later today when we will go into hexadecimal.\
    :P
  • joel0622joel0622 Member Posts: 3,299
    No thanks, the only mathematic formula I am interested in is:

    Difference + ACV - Cost= Profit :D
  • madmanmoomadmanmoo Member Posts: 2,039
    Now you're talking my language!

    -moo
  • Kirstie_HKirstie_H Administrator Posts: 11,248
    Joel, tidester does numbers and I do words, so there really is no escape from our evil education plans (not to mention those of richard64).

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  • thenebeanthenebean Member Posts: 1,124
    i came here to read about internet vs. traditional sales and got a confusing lesson about binary mathematics....

    what a bizzaro world this is! :-P

    -thene ;)
  • tidestertidester Member Posts: 10,059
    what a bizzaro world this is!

    It's just a momentary lapse - nothing to be concerned about! :shades:

    tidester, host
    SUVs and Smart Shopper
  • greanpea68greanpea68 Member Posts: 1,996
    Difference + ACV - Cost= Profit

    I am with you there!! :shades:

    GP
  • jeffyscottjeffyscott Member Posts: 3,855
    Well, I think you missed the point of my post, which was if you "carry" the one it gets deposited somewhere it does not just disappear. Hence binary 1+1 = 10 (not 0) and decimal 5 + 5 = 10 (not 0).
  • kyfdxkyfdx Moderator Posts: 267,911
    Just in case you need the circumference of your tires in base 8 here are the first few digits of π: 3.980456933354547594437410241132...

    ** EDIT ** The above number is WRONG! Obviously, the site I got it from has a very buggy program. The error should have jumped right out at me. Do you see it?


    Well.. obviously, you can't have a 9 in base 8

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  • thenebeanthenebean Member Posts: 1,124
    my head hurts! :sick:
  • mackabeemackabee Member Posts: 4,709
    Not at all. Maybe you misunderstood what I posted. Of course the 1 doesn't disappear it gets carried over, however the 1+1 = 0 still exists.
  • tidestertidester Member Posts: 10,059
    You get the Gold Star! :)

    tidester, host
    SUVs and Smart Shopper
  • patpat Member Posts: 10,421
    You can't have an 8 either!! Base 8 has 8 digits, 0-7. 10 would represent the decimal number 8, of course.

    Kyfdx's gold star needs to be rescinded immediately and I can't believe that even you, Tidester, oh grand poobah of everything mathematics, missed that one!! :shades:

    I assume you'll be sending me to Disney World now. :P
  • madmanmoomadmanmoo Member Posts: 2,039
    The hosts have descended upon this board like hungry salespeople on a prospective customer. I, for one, am frightened.

    ;)

    -moo
  • joel0622joel0622 Member Posts: 3,299
    image
  • patpat Member Posts: 10,421
    No worries - it's the math, nothing topical. No need to be scared. Just keep looking and moving forward and nothing ugly will happen, promise. ;)
  • oldfarmer50oldfarmer50 Member Posts: 24,339
    "...Here the sales tax goes..."

    Here the sales tax goes right in the crapper along with all the other money they rip us for. :mad: I wanted to spit when I saw that NYS was charging me almost 2K for the privilege of buying a car. Where is Ron Paul when you need him?

    2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible

  • explorerx4explorerx4 Member Posts: 20,868
    when i buy my next vehicle, i think i'm going to get an internet quote and then go to a dealership and tell the sales person i won't pay over pay '11110100' (binary) a month. :)
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • jipsterjipster Member Posts: 6,299
    Tidester, oh grand poobah of everything mathematics, missed that one!!

    Pat, that takes a lot of pills to come into tidester's dojo and issue a challenge like that... without any proof to back it up. Even though I only got a C in mathematics in college, I got 5 big ones saying the tidester is right. :shades:
    2021 Honda Passport EX-L, 2020 Honda Accord EX-L, 2011 Hyundai Veracruz, 2010 Mercury Milan Premiere.
  • joel0622joel0622 Member Posts: 3,299
    Then I will have to see what Tidester would charge to do some consulting work for me. ;)
  • madmanmoomadmanmoo Member Posts: 2,039
    Shew. OK..... :shades:

    -moo
  • greanpea68greanpea68 Member Posts: 1,996
    I got 5 big ones saying the tidester is right.

    Oh goody... I love a good bet.... Ahh I mean challenge :surprise:

    GP
  • kyfdxkyfdx Moderator Posts: 267,911
    Better pay up... there is no 8 in base 8, either... as Pat stated..

    But, the 9 came first in that string of numbers (you can look it up), so I still say I deserve a Gold Star!!

    Besides.. none of you MIT graduates came up with an answer... someone had to step in...

    Also... if GP ever gets the F&I job, I know where I'm buying my next car.. I might come out far enough ahead to take a European vacation! ;)

    regards,
    kyfdx
    (so there!)

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  • madmanmoomadmanmoo Member Posts: 2,039
    OH NO HE DIDN'T!!!

    SNAP!!!

    KYDFX IN DA HOUZ!!!! YA'LLZ GOT SERVED!!!

    -MOO
  • greanpea68greanpea68 Member Posts: 1,996
    Also... if GP ever gets the F&I job, I know where I'm buying my next car.. I might come out far enough ahead to take a European vacation!


    Great news I talked to my boss and he said he would let me do the Finance on your deal as long as you pay edmunds price :surprise:

    I may even give you a discount ;)

    GP
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