Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
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Stories from the Sales Frontlines
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And he bought a VOLKSWAGEN?
20 cars? No wonder he got blown off!
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After dinner, the wife took the family out to a local Dairy Bar for ice cream. We sat on a bench, them enjoying their "kiddie" sized cones while I gorged myself on a large cup (tub?). Props, it was indeed LARGE!
They sat facing the cows, not I. Too much like looking into a mirror for me, I faced the parking lot/road. Better to check out the cars. As I was scanning the lot, I noted from the left side of the building, a black Audi Q7 slowly entering. As it revealed itself, I immediately flashed to the opening sequence of Star Wars as we watch the underside of the Imperial Battleship filling the screen.
Yes, it was that scary/imposing! Darth Audi!
Chocolate Peanut Butter ice cream. Five scoops, easy. I could do it again. Hello, cows!
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
Oh, my favorite too!!!!!!
And, I saw a Buick Enclave today and I thought the same. (Yes, it was that scary/imposing! Darth Audi! ) What was that guy thinking when he bought that?
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
All credit unions are going the way of the FICO score and credit history. You still have to qualify for the lowest rate. It's not like in the old days where it was a blanket rate for every one regardless of credit score.
APR as low as*
New Vehicle up to 36 mos. 3.75%
37 to 72 mos. 5.25%
73 to 84 mos. 6.75%
85 to 96 mos. 7.25%
—
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$30,000 minimum amount financed over 84 months.
*Rates are based on an evaluation of credit history, so your rate may differ.
This is right off my credit union's page link title (NFCU)
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From Scion website:
Zone 1+ (FICO 720+) 60 Months 5.64%
Zone 1 (FICO 719 - 690) 60 Months 5.94%
Zone 2 (FICO 689 - 670) 60 Months 7.09%
Zone 3 (FICO 669 - 650) 60 Months 8.54%
Zone 4 (FICO 649 - 630) 60 Months 10.29%
Zone 5 (FICO 629 - 610) 60 Months 13.05%
Zone 6 (FICO 609 - 580) 60 Months 17.20%
Zone 7 (FICO 579 - 520) Get your own money
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Toyota has idled production of Tundra and Sequoia until November. Hopefully they will start selling again.
"Why wouldn't an unscrupulous salesman do that?" Pieri said. Bingo!
Joe Serra, a dealer who sells a variety of brands including GM vehicles and is a former president of the Detroit Auto Dealers Association, said he has never heard of another dealer or salesperson using an employee's discount without permission. Really?
"God, I hope that doesn't happen," he said. "It's just unethical." This guy believes in the tooth fairy.
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Are you in Texas?
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p.s. When you guys awaken from your slumber check out my blog on Carspace.
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The place where I get my Subaru serviced also sells VW's. They sell as many Subi's as VW's, but they have 5 VW Service advisers to one Subaru adviser
The place where I get my Subaru serviced also sells VW's. They sell as many Subi's as VW's, but they have 5 VW Service advisers to one Subaru adviser
I agree VWs are not the most reliable...all I am saying is I have always bought cars on practicality issues. When I reached 60 I feel I have been practical long enough, now I would like to buy what I want. If I had less than $20,000 to spend, I would put VW on my list (probably not Mercury, though that lady is pretty hot).
Edmunds about 2009 Rabbit;
What Edmunds.com says
If you're willing to sacrifice some fuel economy and a few bucks, the 2009 Volkswagen Rabbit is a wonderful little car that boasts a polished interior, comfortable ride, solid German engineering and strong power. It's a hoot to drive, too.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I go into the store to ask them if I can use their car wash and to get the coupon you need to do it. Sales guy approaches me and asks if I was there to look at cars. He must have been new, because I know most of the people in their store, and I didn't recognize him. The GM spots me and comes over to say "hi".
He said he heard I bought a Honda at their sister store.
GM-"how do you like the Honda?"
GG-"It's only a couple of months old....there's not anything to dislike, so far".
GM-"they're good cars. You shouldn't have any problems."
GG-"how's biz?"
GM-"how does it look to you? It's a Saturday and we're deader than a doornail. I've got my people going through their rolladex and calling people they've talked to in the last 6 months."
GG-"how's that working out?"
GM-"well, if nothing else, it keeps them from standing around grumbling about how slow things are. Why are you here? You in the mood to buy something?"
GG-"nope, I'm trying to score a free car wash from you since you're neighbor's is broke".
He goes to the front desk and retrieves a coupon....brings it to me.
GM-"how's your biz?"
GG-"Well, I was fired about a month ago, so I've got no biz to report on".
GM-"what happened?"
I give him the story.
GM-"so, what are you doing now?"
GG-"I'm doing some volunteer work, looking around for my next career move. I'm keeping busy, though."
GM-"wanna sell cars?"
GG-"thought about it, but I'm not the kind of guy you want. I'm a demanding coot. I don't want to work the hours you guys put in. I want my weekends free. I don't want to work nights. Plus, if I told you what my salary has been over the last 10 years, you'd probably choke."
GM-"what if I can work with you on a schedule that would fit? You know as much about these cars as anyone here. You can do this job and probably be good at it if you put your mind to it. Who knows? You may like it enough to make some good money. You've managed sales staffs before. You know what it takes."
GG-"Thanks for what I consider to be a compliment. Let me chew on that for awhile and get back to you."
It's like a Catch 22. With a score that bad, the interest rate is so high that you probably couldn't afford the car payment.
I wonder why they don't have a different zone for those with a FICO above 800. That's a pretty big gap between 720+ and 800+.
Richard
I say go for it gg. You could become the new and improved version of "deskman". And in the process of doing so... TRIPLE the number of sales stories we get in this discussion.
Who the heck would pay that kind of interest on any loan, let alone a car loan? You would be so upside down in that car your head would be bleeding from contact with the pavement. :surprise: :sick:
On the other hand, it's nice to know I can let my credit slide 80 points and still qualify for a 1+ loan
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Don't tell me someone low balled you at the last Toyota dealership? Man what is this world coming to?
I mean they gave you a price then told you they can't honor it? Like it was a mistake? Was it because you told them you had to check out another Toyota dealership. One that couldn't match the low ball price given to you by that last Toyota dealer?
Hmm I could've sworn Toyota salespeople are referred to as order takers. That being the case I'm not so sure on that compliment part. :P
The internet saleswoman gave me the quote that included the $5k rebate. I asked her if that price was eligible for the 0% financing, she said that she spoke to the desk manager and he said yes. I actually never told her that I was contacting other dealers, she should have known since the request for the quote came from Edmunds. I mentioned my trade, asking for an OTD offer but her internet director replied back saying that he needed to "clarify" their offer, I told him that their offer was very clear and I was ready to make a deal at the agreed upon terms.
Someone over on the Sequoia Price Paid board gave me the name of his salesman from a dealer near Charlotte that gave him $11k off sticker. Maybe I'll geve him a try.
Is Asheville, NC too far from you?
...looks like 10-11K off of sticker on Sequoias....
do an inventory search here
That did it that got me back here. Actually, after I returned from vacation, I’ve been swamped with my consulting work. Nobody picked up the slack while I was gone so I guess they really do need me. They’ll pay dearly for keeping me away from here, I promise.
I hope you consider me a friend so I’m looking forward to the freebee. Heck, I’ll even write the forward for ya. With a perspective from a know-it-all buyer it would be a guaranteed best seller.
About that new grandchild you’re going to get, congratulations. I know the feeling. In about 2 weeks we’re going to have our 5 th and it’s going to be a girl. That will be our first one of those. Mrs. jmonroe has been saying for many years now (2 sons and 4 grandsons) “the only way there is going to be a girl in this family is if she’s adopted”!!!
Mack, I hope you don’t mind my using this reply to your post to address some comments directed at me while I was gone.
1. oldfarmer: Your crack about being afraid you hurt my feelings by calling me a “rich cheapskate” well, I’ve been called worse by better. :mad: Furthermore, I’m not CHEAP. Cheap is when you buy a Hyundai when you really want a Honda/Toyota/Nissan/////// and have the money to buy one. I bought what I wanted, so there. :P
2. obyone: If all she wanted was a “dinette set” there wouldn’t be a problem. She wants a full fledged “dining room set”. BIG difference (a few hundred bucks vs. mega bucks). Plus, there ain’t a damn thing wrong with the one we have. Sooo, there to you too.
Car thing: I wanted to take a look at the Genesis so while I was out today I go by the dealer and he’s CLOSED. I thought this was a car seller’s weekend, go figure! While in the lot I looked at the inventory. I stopped counting Santa Fe’s at 36, only about 20 Sonata’s and 12 Elantra’s, 4 Azera’s. Of course there wasn’t a Genesis outside.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Why stop there? Look up all the dealers in all 48 contiguous states and ask for a quote. I'm sure you can probably get more than 11k off the sticker. They are tripping over themselves to give these away right now.
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Tell him you want a sign on bonus, weekends off and your own schedule. Since I started working my own schedule I sell more cars and have more time to spend with the family and feel better. :shades:
link title
At least Toyota is paying these workers until production resumes again.
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Just kidding!!
I seem to be missing something. You state that their isn't anything wrong with what you have and yet she wants a new one. So what's missing? I mean there has to be a reason why she wants one and for what seemingly is quite a while.
If you do strike a deal with an out of town dealer have them fax you a completed buyer's order with price, tax, title, registration, and doc fee signed by a sales manager, general sales manager, or general manager.
A complete OTD out the door price. That's better than getting price quotes from incompetent internet sales persons that have to "clarify" price quotes already given with their "directors".
Mack
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2013 LX 570 2016 LS 460
I had to stop reading your question right there.... In my experience there are no reasons for any of the things my wife does things. all that matters is that it makes sense in her head :sick: :confuse:
GP
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Reminds me of the Carfax commercial where you see a car floating in a storm surge while the owner tries to come up with a clever way of selling it without telling you it was flooded.
Any body think we'll see a lot of cars advertised with "Interior recently washed"?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I'm sure the mayor has had them all moved to safe, high ground.
2014 Malibu 2LT, 2015 Cruze 2LT,
Good thing I knew the GSM got it for a steal at $4K.
So I ask why do we need such a bed? No answer. :surprise:
Don't feel so bad. We had lived in our last house (thought it would be the last) for 4 years. Everything was perfect, even a walk in shower.
Then she found a new house that is twice as much.
Just be thankful it is a dining room set!
2017 MB E400 , 2015 MB GLK350, 2014 MB C250