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This is giving them $7000.00 on their trade (over allowance actually) since the ACV is $5800.00.
We discuss the trade again and Joy asks me if we can do $5000.00 out the door. "No. Not possible. That's way too low. They will never agree to it." :shades: "Ok, how about $6000.00 out the door." she continues. "That's not feasible either. Remember, Saturday was around closing time so we tried to "close" the sale then." No pun intended.
So I go back in and I ask for $6500.00 out the door, "they really want $6000.00 out the door and tried $5000.00 out the door." I tell him. "I'll do $6950.00 that's it. We are only making $500.00 and I have to "Best Test" the car." (90 day/3k mile power train warranty) and he writes the figure and "that's it" on the worksheet. "I hope they finance with us and buy a warranty." he says.
I go back to the table and smile and lay the worksheet in front of them. "Ok guys, this is it. There's no more money in the deal."
I go back in the office and I tell the UCM "Looks like we have a deal. They want to know what financing is available." .."It's a 99 so the rates are going to be kind of high." he responds. He looks it up and it's 10.5% he pencils in some payments for 24, 36, and 48 months.
I go back to the table and put the sheet in front of them again. Another few minutes of quick study and they decide on the 48 month payment which is about $180.00 a month. "If we decide to pay it off after two months is there a penalty?" Joy asks me. "No penalty." I respond. "What do you think husband." she says looking at Mark. "Looks good to me." he responds. "Alright! congratulations. I'll get the car through service first thing in the morning. As a matter of fact I'll put it right on the service lane before I leave." They get up and thank me for being patient and staying after closing. We are scheduled for delivery tomorrow around 6:30pm unless there is something terribly wrong with the car. I doubt it since it looks like the previous owner took good care of it.
Mackabee
I remember being a greenpea and being told my SM to say exactly what he said when talking to a customer. I would go back to the customer and put my own spin on his words. My spin didn't work. The customer leaves and I get reamed for not saying EXACTLY what he told me to say. It took me a couple times to figure it out, but finally I started following their direction.
You didn't even have to be told twice. You repeated the exact same thing that I told you to say. I'm so freaking proud.
Keep having fun and thanks for the posts, rworrell!
-Moo
Not at all Pat. You know you are always welcome in our showroom.
As you probably know we issue a pager type device to all service customers so when their cars are ready the pager device goes off. It looks like the ones you get at the Outback steakhouse and Fuddruckers, hmm. The seasoned pros see this device and leave the service customers alone. Just one quick "May I assist you?" or "Have you been assisted?" does the trick.
I like to work the service lane in the mornings when customers are dropping off their cars. And in the evening when they pick them up. I get a couple of extra sales a month by doing that. Just getting in front of them and letting them know I'm available to answer any questions they may have.
Mackabee
Mackabee
We walked to the lot and he picks a "loaded" Limited
Last week I see the same guy with Tank my sales partner. This time they are about to go on a test drive in a Hybrid Camry.
When they get back the guy does the same thing he did to me. Walks away and heads to the service department. Tank walks back and he stops by to chat with me. I can tell he's upset and tells me the guy was a total moron. "That SOB, I asked him if he was ready to buy and he told me he likes to test drive something different every time he comes in for service.(&%$&***_)>. He was really upset. "He did the same thing to me awhile back." I tell him. "Why didn't you tell me?" he asks. "I wanted to see what he would do."
Mack
started some small talk
Gee Moo for a salesman that says he can "read" people you missed this one. If you re-read your post it is quite clear what the lady was saying:
"...and she said she wanted them...Completely Loaded..."
It was obvious, she was telling you that she could only get up the nerve to go car shopping when she was Completely Loaded! When she sobered up after the test drive she probably wouldn't remember you. :P
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
YES I DO. Nobody, and I mean NOBODY will tell me how many products and how many times I want, need, or am entitled to check before I decide to spend almost half year worth work (before even taxes are applied). I work very hard to make that 25-30 thousand dollars and I need to make sure the product I buy will serve me well. I will try to be reasonable in limiting my search to vehicles that are relevant so probably 7 brands 3 visits each may not be necessary, but if I choose otherwise that's my privilidge.
If it leaves scores of unhappy salespeople who did not make a sale or feel I wasted their time - tough, change occupation, or change your business model to be more accommodating.
2018 430i Gran Coupe
After he closed the guy he told me, "OK, it was pretty obvious you could not close the guy so why did you feel the need to talk after I asked the customer a question" That is the day I learned the Cardinal Rule. When you T.O a customer your talking is done unless you are asked a direct question. If not sit there and keep your mouth shut.
In fact I did do that one time but it was at my old shop. I just couldn't get this employee to understand what I was saying. He was completely clueless and I felt the need to really jab my point home. with my pen into his shoulder
Luckily I got the edge of his shirt collar or I would have probably drawn blood as I got a bit to enthusiastic in making my point clear.
Within 5 minutes I can tell that the person we're meeting with isn't going to buy squat. And, I'm not even a sales person. They just are trying to impress us with their knowledge.
I hope this works in the car biz, but before I even sit down with a potential customer, I want to know the answers to simple questions....
-Do you know what you need?
-if not, tell me what you want, and I'll tell you what we've got to fill the need
-Do you have a budget? A buying time frame?
-If so, I'll tell you if we've got a basis for doing business.
-if not? Call me when you do
-Do you have the authority to issue a check or PO?
-If not, who does...and can you introduce me?
Simple questions, in all reality. If my people can get the answers to the above, I'm all ears. If they can't, I tell them not to bother.
Typically, when one of our sales guys asks me to join them on a sales call that means I have to jump on a plane, usually get a hotel and rental car. If the potential customer doesn't know what they want, doesn't know what they need, has no budget, has no buying time frame, can't make a buying decision....they aren't a customer. Put them in the "tickler file" (send an email, or phone them up every month or two..to see if they can answer the above questions).
We've got other people who are interested in our products/services. It's not a productive use of our time to spend precious workday hours with those who want to "stroke" (as you guys put it) us.
-if not, tell me what you want, and I'll tell you what we've got to fill the need
-Do you have a budget? A buying time frame?
-If so, I'll tell you if we've got a basis for doing business.
-if not? Call me when you do
-Do you have the authority to issue a check or PO?
-If not, who does...and can you introduce me?
It is all the same GG, sales is sales regardless of the product. The things you posted are the basic qualifying questions. The answers tell you if you have a customer to get in this months business or next years. The key to it is as you said. Stay in touch with them. If you do they will feel obliged to at least give you a chance when they are ready to pull the trigger.
For instance, I if I could afford a 40 thousand car, but if remain open for one in low twenties (as those have already almost everything one could need), I could save some serious money. But that would require to check potentially more vehicles just to see what it is I would be paying that extra 15-20 grand for.
I generally understand your concerns and complaints - there are a lot of people who window-shop for products they can't afford or have no intention of buying, just like people looking at those bracelets at jewelery stores or pretending interest in new flat screen TV. And of course it is hard to put your nice and helpful face for such people, knowing there could be somebody else who is a real buyer (thus paying your mortgage/rent/dinner). I know it is - that's just business.
2018 430i Gran Coupe
Too many things can be found. Especially on a trouble prone car like a BMW. I hope it works out in this case!
Oh, and what street is your dealership on? I can't recall which one you are at down there.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
-If not, who does...and can you introduce me?
So is it ok if a customer asks a salesmen
Do you have the authority to change the price of the car?
If not, who does... and can you introduce me?
-Moo
If not, who does... and can you introduce me?
PLEASE DO!!!!!! if that makes you comfortable and you want to talk to the guy that is doing the writing on the paper. Then speak up. Its your money
Can you even get an extended warranty on an eight year old car with 80K miles?
I know we can write a 2 year warranty on a car like this. 100,000 miles is the coverage limit though.
Despite what the sales guys say here, I bet if you asked that question in most dealerships the salesman would have a fit. :mad:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
That would surprise me. There are not many sales people who don't want there manager to step in and cut to the chase. Heck I work in F&I and there is not a day that goes by that I don't here a deal going on out on the floor and just go stick my head in the door and introduce myself.
-if not, tell me what you want, and I'll tell you what we've got to fill the need
-Do you have a budget? A buying time frame?
-If so, I'll tell you if we've got a basis for doing business.
-if not? Call me when you do
-Do you have the authority to issue a check or PO?
-If not, who does...and can you introduce me? "
Graphicguy, you are the man! That's exactly what I do in so many words.
"What are you going to be using it for?"
"What price range are you looking at?"
"What are the three most important features for you in a car?"
"When do you plan on making your purchase?"
"If we find what you are looking for are you ready to proceed?" (Tom Hopkins all the way!"
Mackabee
Actually, I think in almost any store you would not meet resistance. Even in the hard core "old school" stores, manager turnover is required. Heck, If I can get someone else to make money for me, why not?
He had a great ability to get every customer on paper and his closing ratio was through the roof.
On many occasions I would find him when I knew I had a buyer but could just not get them in the house. 1/2 a deal was much better then no deal at all.
'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
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Agreed, my 1995 3er with 110K has proven to be a real money pit; my maintenance, repair, and tire costs(three sets of Z-rated rubber) have averaged almost $500/year since I took delivery of it in November 1995. In the case of an E46 of that vintage I'd be very surprised if repair and maintenance costs exceed $750/year. That said, it's not very bright to finance any seven year old vehicle short of a Ferrari or such.
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
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2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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Been there myself.
I can't remember when the inboard disc brakes were stopped but a brake job an a XJ with those discs is I think a 3,000 dollar affair just for the rear axle.
Sweet!
Hope I win.
Did I mention that I have a 300 CSI with 3 BKs and would need to finance this fine automobile for 6 years? hehe. sucker. wait till he hears about the '95 trailblazer I owe $20k on that I want to trade in.
'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
A buddy of mine who is a self proclaimed "Jag Expert" has a 1987 Series III XJ and a 2002 XKR Convertible says that those X300 bodystyle Jags are the most reliable car Jag has ever built.
He also swears up and down his XKR is better then the new XKR too so I take what he says with a grain of salt.
I run across people like him looking at Land Rovers too. For them anything built before 2000 is the best Land Rover stuff ever... :confuse: