Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Stories from the Sales Frontlines
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These days we can google, 411.com, and switchboard to find "lost" people.
2014 Malibu 2LT, 2015 Cruze 2LT,
Back in like 95 or 96 we traded for a Jag with like 110,000 miles on it, it was 8 or so rears old. If I remember correctly we hit the car for like $4000 on a wholesale bid. Well a couple days after we traded for it a salesperson greeted some folks looking for a new car and when they went around back to see what the truck had just dropped off they saw this Jag on the Wholesale line. The lady said "I want it" We are buying that car today to.
So any how they buy a new Probe, or Taurus or something and the Jag. She offered some ludicrously high price for it that in good conscious we could not except. I mean crazy money like $11K or something. I think we sold it to her in the $6K range.
Anyhow the point of my story is that when she came back a couple weeks later to get her tags the salesmen asked about the jag and she said she was having it spruced up and would bring it by when they got it back. 3 months later she rolls in with this car. They spent $5000 having a wood grain dash and trim put in it, a $4000 paint job, $3000 in new leather, and other odds and ends. I remember the salesmen told me they sank like $12000 in the car + the say $6000 we sold it for. So they got $18K wrapped in a car that 3 months ago wholesaled for $4000.
That cat worked here for about 5 years after that and at least 3 times a month, every month he would say, "Boy I hope the XXXXX don't show up wanting to trade that Jag."
They still have the car, I see it tooling around the area every now and again and it still looks great. I guess every one has there own dream car and this lady found hers.
I'm thinking you guys have some big hearts out there... or that was one fine looking "lady".
That's what I would call being upside down in a car !
Along those lines of putting money into old cars, I have an older (85) Corvette that I have had for years which I drive as a pleasure car on the weekends. I know that it's not worth much anymore and I would like to fix it up (mechanical issues/new leather etc.) but I just can't see dumping relatively big money into a car that's just not worth much. So It's either drive it pretty much as it is, sell it, or pay some real money to fix it up. Since I don't want to sell the car and I don't want to put too much into it, driving it around "as is" wins by default.
You have to have a conscious in any business. The guys that don't are the one you see featured on the evening news, or have the guy in front of there store picketing. Every one of you have a car dealer in your town that you know will rip you off and you just can't understand why people go there. We don't want to be them
Or just a conscience. I find that there are days I can do this job with a barely detectable pulse
sorry joel, I just can't help it... especially since you take the ribbing so well.
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Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
2014 Malibu 2LT, 2015 Cruze 2LT,
I'm going to bed, maybe it'll be OK in the morning. :surprise:
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
But they are SO ANNOYING!!!!!! Who's brain storm was it to turn them on?
Anyone know how to turn them off? Hosts?????
I just put this in the category of entertainment. When we turn on our TV's we expect to be entertained and from what I've seen of that show, the few times I watched, that's what the producers are trying to present.
Now, how about some real tales.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
All drama aside, the salesman did NOT follow the procedures established in the dealership (and did not use a lot of common sense). I would not be excited walking 1/4 mile in the Las Vegas sun during the summer months.
But to answer your question, it depends on the stores T.O (turn over) policy. Some stores operate like that some don't. I personally wouldn't work in a store that did. What we do with green peas is after they go through there training we have a Senior Sales Person shadow them. meaning they better know what they are doing at all times. If they have a buyer then the Senior Sales Person handles the negotiations and the GP sits and listens. To compensate him he gets half of every deal he works with the GP.
The hard part now days with finding good sales people is finding a young person willing to work the hours we do.
I tried that and it's still erratic.
But they are SO ANNOYING!!!!!! Who's brain storm was it to turn them on?
If it worked as intended, I wouldn’t have a problem with it.
So, as I see it we have 2 choices. We either learn how to drive our mouse’s around without running into posters names (which for us car guys shouldn’t be too difficult) ... OR ... we cancel our subscription to Edmunds and get a prorated refund.
I’m still debating. :confuse:
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
How about long term career changers or retirees? Is the industry open to older age groups without sales experience?
I'm suggesting they give you a free shirt. Maybe you can give the person that fixes it a vehicle purchase discount.
I would but I would be violating the TOS by revealing my top secret location and dealership name
btw, thanks for finding out the root cause of the problem. it was driving me crazy. you'd THINK one of the developer(s) or beta tester(s) for the site would have seen this and fixed it... oh well. your report will help them figure it out. good thing they don't do this with software in vehicles. :surprise:
maybe they should send you a free shirt anyway.
Thanks Edmunds!
-Moo
Is this true?
2014 Malibu 2LT, 2015 Cruze 2LT,
It makes a good story though.
2014 Malibu 2LT, 2015 Cruze 2LT,
Anyway it makes a great screamer ad. Buy one get one free !
2014 Malibu 2LT, 2015 Cruze 2LT,
This was a 1998 Honda Civic LX 4-dr sedan, white, automatic, 115,000 miles, nice aftermarket CD/MP3 stereo. It had been a fantastic commuter car. I had put about $1500 into it by repairing the cruise, changing the timing belt, and some exhaust system repairs. Knowing my time was running out, I stuck a sign in the window for $4700 OBO, and parked it along one of the busiest streets in our town.
It had been out there not even one full day when my wife gets a phone call at 8:00 am, from a gentleman who is looking at the car as he is talking to her. He asks what's wrong with it, says it looks nice, and then asks if he could come right over and put $500 down to hold it until that evening when he can test drive it. My wife of course agrees and that's what he does. Turns out he is a semi-retired man who is now a runner for a local bank, and all he does is shuttle documents between their area branches. His current vehicle was a Toyota Corolla with 400,000 :surprise: miles on it, and the A/C had died.
I met him that night for the test drive and he had his wife with him. I knew it was a done deal then!
My wife and I were thrilled. We beat our insurance deadline by 3 days and sold our Civic in the dead of winter for $4700, which we had bought in the summer of 2003 for $6900! I probably lucked into one of the only people in the county who would consider 115,000 miles "low mileage"! And finally, yes, I know I will never have another car selling experience as good as that one!
People have to remember that cars that aren't very popular as new cars will be even less desirable later as used cars.
A Civic like that for under 5000.00 is almost impossible to find!
I got a call from a young man who said, "I'll take it." He asked first if I still had it and then said he wanted it. He would bring money for a down payment which he did. He lookd at it.I pointed out a couple of flaws that I hadn't fixed. He came on Saturday and we met at the bank branch for the cashier's check and the notary public signed and the title transferred.
A coworker in the Cincy area had advertised a Monte Carlo. Two men came and drove it. Husband rode along. He was forced out of the car and they stole it.
2014 Malibu 2LT, 2015 Cruze 2LT,
I'm not surprised he didn't want another Corolla after it let him down so badly.
It also didn't hurt that the seller priced it properly either.
Correct pricing = quick sales.
Also, how much do you think a dealership would have paid for your Civic? Sounds like you saved some big bucks AND an easier transaction than you would have had at a dealership.
Weren't you afraid this elderly man and his wife may try a carjacking or drive-by? Beings that private sales are considered dangerous to some.
I have no idea what a dealership would have actually offered, but using the online appraisers, Edmunds said $3060 and KBB said $3400 for trade in values and both said about $4000 for a private sale price. When I put the sign on the window for $4700 OBO, I was fully prepared to haggle down and pull the trigger at $4200 or perhaps even $4000 if necessary.
As for the carjacking question...that's the beauty of living in a smaller town here in the Midwest. I suppose stuff like that happens occasionally around here, but this guy and his wife were in their 60s, completely pleasant, and about as threatening as Mr. Rogers.
Those cars break the bank if they ever make it to the auction. We pay over wholesale for them and usually sell them for over retail.