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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But the Mazda6 still has the stigma of coming from a company that made a crappy car. The customer perceive the 6 to be crappy like the 626 before it.
Another example I gave many times:
Piaggio of Italy, the pioneer of scooter design cannot / is not able to compete with a company (Bajaj Auto) which actually made scooters using Piaggio's design. The customers had a booking line of 10 years for Bajaj scooters whereas you could get a Piaggio under a year.
AP government had set up a scooter unit in collaboration with Piaggio. They came up with Vespa PL170, when Bajaj had a long waiting list. Once, Bajaj increased its capacity, this company could not survive.
http://businessbaatein.rediffiland.com/blogs/2008/08/03/The-changing-industrial-- landscape-of-Hyderabad.html
Which why I still buy a Mazda, two times in a row.
But my friends and relatives think I am stupid. They will buy a Toyota/Honda/Lexus.
Never a Mazda. Doesn't even make it on their shopping list, even when they enjoy my car.
'cause resale value sucks....
Hope that is not bi-weekly! lol
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
Same here (ok $300 a month) but since I have not had a car payment in over three years that $300 a month has built up a nice little down payment. If my car holds out another 2 or 3 years and I can buy for cash. :shades:
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
In fact, it would be easier for me to spend $60,000 on a Mercedes or 5 Series than $47000 on a Hyundai, even if it is a better car.
Yeah, I know what you mean. That snobbery thingy can get the better of ya. I told this tale a while back but it bears repeating since we’re on the subject.
I thought I would out smart everyone when I bought my 05’ XG 350 by getting out my hammer and chisel to take off all traces that I owned a Hyundai. I went to the Mercedes parts dept. to get some of those high end logos and name tags as replacements but when the guy at the counter found out what I wanted to do with them he refused to sell them to me. What a snob. :mad:
I should have waited until I actually had the high end stuff in my hands before going to work on that car but I learned a valuable lesson; don’t put the cart before the horse. I also should have used a sharper chisel, that way I wouldn’t have left scratches and dents. Now I’m afraid to use Bondo for the fear of nobody wanting a no name beauty when I decide to dump it. Do you know how hard it would be for me to sell a Hyundai with Bondo?
You said in post 35219 that the interior of the Genesis is “fantastic”. I mentioned a few posts ago about the dealer that sold Mrs. jmonroe her 06’ Sonata LX calling me and offering to take 2K off MSRP for the 6 cylinder Genesis’ that they had in stock. I don’t even know if that’s a good deal or not but now, having heard what you said about their interior, I’m afraid to even go look at them (given I’m not in the market for a car right now) if the interior is as nice as you said. I’m a sucker for nice interiors; that’s what clinched the deal on my 05’ XG 350.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I think you will have to throw some money in if you are going to buy....$300 month is only $10,800 over 36 months. Won't get much at all if you are buying, maybe a Yugo!
Leasing, I guess it's possible, any more of those Taurus's the rental car companies use?
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
This is from the Canadian sight so you can't buy from there anyway.
Check out:
link title
and go to the gallery pictures. I have to say it is IMHO one of the nicest interiors I have seen.
Also, I have only heard great things about Hyundais. I wanted to rent one but the rental companies always move me up for $5 a day from the Hyundai that I want to try out to a Volvo or a Chrysler 300 or a Buick, and then I am always sorry after because I probably would have liked the Hyundai more!!! :surprise:
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Why did I let you talk me into clicking around at those views? Now I’m wondering what time the dealership opens tomorrow morning. :mad:
Also, I have only heard great things about Hyundais.
What a minute, there is still a chance to save my hot pants. I’ll keep telling myself what ‘isell’ tells everybody, “there are better choices". Yeah, that’s it. Maybe I can hold out until tomorrow afternoon. :shades:
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I think I worked out one time that i could buy a base Mini Cooper with a few options for about $330 a month with a $5K or $6K down. But I changed my mind and now the way things are, I'm kinda glad I did.
"A funny story about mnemonics and visual associations. I also use them and have since the time I saw a demonstration on the Art Linkletter show about 50 years ago. This was more of a visual association type. "
"A mans shirt, head of lettuce, carrots, and toothpaste. He told her to visualize a head of lettuce with carrots sticking out of it and with toothpaste smeared all over it all wrapped up in a man's shirt. "
I am mentally scarred sir,The image is imprinted
and I can't get rid of it. Why couldn't Art have had some kid saying the darndest thing that day?
" You'd make a great Bass-O-Matic salesman! "
Ahh the Bass-O-Matic, RIP Pocket Fisherman and if you order now you'll not only receive.....but the tone sounded more sympathetic to personal injury attorneys who advertise on TV.
HAVE YOU BEEN INJURED ?
WOULD YOU LIKE TO BE INJURED?
Call Dewey , Cheatham & Howe now and get cash .
Thought, we export them.Every pallet of Dell laptops must also contain, 12 PI attorneys, 5 divorce and 7 product liability attorneys. Somewhere in Ghana is a blissfull goatherder who know's not the joy of product liability. We must share our wealth. Thanks to all the honest attorneys on this forum, do I hear a hear hear?
Reminds me of a sign I saw years ago:
"Try our new financing plan, 100% down, NO Interest, NO Payments!"
From the sounds of it here, it might be showing up in a showroom near you!
Damn them and wipe the slate clean . Vote out any Congressman or Senator wth 8 years of tenure or more. They are corrupt, as corrupt as Charles Fuld of Lehman Brothers or Franklin Raney. The message was given to them, the house is on fire and at your feet are buckets of water. They debated, they delayed, they porked they congressed. End result, they allowed the fires of financial hysteria to alight . Poor decision. Reality; they called a recession in January but we had two quarters of increasing gnp. New reality; we will enter a real recession because consumer confidence will decline.
Reality check, McDonalds will still sell you a hamburger, Chevron a gallon of gasoline, United Health a flu shot and Walgreens whatever. To my Canadian friends, Tim Horton still sells coffee.The Chinese word for crisis is the same word for opportunity. Relax the world shall go on . As cool as Jimmy Buffet, Warren has been buying, The fear is too overdone. Hang tough salesman.
I think I worked out one time that i could buy a base Mini Cooper with a few options for about $330 a month with a $5K or $6K down. But I changed my mind and now the way things are, I'm kinda glad I did.
But Mini Coopers are hot right now...great gas mileage and
you would be helping the economy. Not only would you be
buying a great little car, you would be a true patriot.
Actually, the more money down the better off you will be, if buying of course. But, there is a limit too, while you're saving, your present car is depreciating and costing money in repairs, and the new one is going up in price. It's finding the right balance. I have bought new cars then stayed up nights wondering if I would ever get it paid off...but in the end I was always glad I bought the new car when I did.
If leasing.....I agree, no money down.
One problem with leasing is if you hit hard times it is more difficult to get out of your lease than if you own the car, at least you can sell it or trade it whenever you want!
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Duke, you put it all in perspective., with some good common sense.....I'd vote for you.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
You keep pushing back the date when you're going to replace that Hyundai. You were suppose to buy last year, and then this coming spring... now it's 2-3 years from now???
You're not gonna get buried in the thing are you? Can't says I see the attraction, but as they use to say in the Naval Academy... whatever floats your boat. :shades:
I couldn't agree more with you Duke.... :mad:
Speechless
GP
"What goes down must come up"
Actually its not me that changes the date its she who must be obeyed. We are supposed to replace my car first then my wifes three years later (if it lasted that long, used just for commuting). I ran the numbers for buying now with a 2 year note on the car, buying in the spring with a one year note or buying a year from spring cash. Then putting away for the wifes car in 4.5 years from now. I figured in any case in 4.5 years we would have one fairly new car with ok mileage and about $20-21K to replace the wifes car.
I presented the three senerio to my wife and asked her to decide what we should do. Her response was that since both cars are running very well maybe we should just keep them until the stop running (my original plan). So it looks like my 8 year old 155K mile trouble free Elantra will be staying longer than I expected.
You're not gonna get buried in the thing are you?
Nope, casket, services and gravesite already bought and paid for it does not include any cars.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
One problem with leasing is if you hit hard times it is more difficult to get out of your lease than if you own the car, at least you can sell it or trade it whenever you want!
I don't know about the tax laws in the Us but in Canada it's easier getting out of a lease than finance.
If you're in a lease and trading in, the dealer taking in your leased car does not have to pay taxes on that car to the lease company, hence saving you a big chunk, where as in finance the taxes are already built into your payment.
As for difficulty of getting out of a lease, it's about the same as financing. 2 years into a 4 year loan or lease, the car is still not yours, and there's a lien on it and you gotta ask the bank for permission to get rid of it.
And money down on leasing just reduces your monthly payment. So whether you make a downpayment, or not, you end up paying the same.
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
Not if you total the car day after you left the lot, because you can bet the bank will keep the entire downpayment and you get nothing back. So yes, total cost (except for finance charges on downpayment, which are small) is the same.
I know you sell lease to your customers on "low payment" basis, which means large downpayment plays into your hand. However, another big advantage of lease (even more significant to me) is transfer of depreciation risk to somebody else - in case of car totalling it's the bank and GAP underwriter who takes it (as GAP is included in payment). To realize how significant that risk is think pickup ad SUV market this year and how much money they lost on vehicles that just got turned in. Downpayment defeats this advantage.
2018 430i Gran Coupe
I know you sell lease to your customers on "low payment" basis, which means large downpayment plays into your hand
Leasing typically is (was, since we don't do ti anymore) lower payment, but the amount of downpayment doesn't have an effect on my comission if that's what you meant.
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
2018 430i Gran Coupe
'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...)
Less sophisticated customers usually have less money down, trust me
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
Do most dealers do the full PDI as specced out by the manufacturer or do they usually just do the obvious things like check the oil, etc.?
2025 Forester Limited, 2024 Subaru Legacy Sport
How would $3000 down and just $199 bi-monthly sound to these sophisticated challenged people (have to be politically correct)?
Or, even better, "Bring in your trade-in** and just pay $99 weekly for a new Debtmobile.
**Trade in must have a value of at least $3000.
There's a new add for you to try boomer!
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Darn you Canadians with your sense of fair play. Here in the states it's easier to get out of a deal with the devil to sell your soul than to get out of a lease.
I read an article recently where some poor old fool dies in the first year of his lease. His widow turned the car back in figuring everything would be OK. The dealer even said as much.
The lessor wasn't even cold in the ground when the car company sent the widow a demand for $14K for the remainder of the lease ON A CAR SHE NO LONGER HAD. It was all in the fine print that something as insignificant as dying didn't let the guy off the hook.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Excellent!
I'd rather be lucky than good, in that I pulled cash out of my accounts in February of '00 for my last car & did the same again last spring. Maybe I'm a leading indicator of crap financial markets.
As always, hang in there. It'll get better.
" I couldn't agree more with you Duke....
Speechless
GP "
Thanks as well to driver100 for the kind words.
So it is what it is and we'll go on down the line. Thanks as well Jip. Aside to real car salesmen. Take the mini. The dealership will survive on factory incentives, you'll survive, though without luxuries. This is what it's all about survival . Live to fight another day and you will prosper. To retail who want's the last dollar out of sales, this is what we go through again and again, Lord doth it bite, all kindness appreciated.
To laurasdada:
Thou dost crack me up.
"In younger days, I told myself my life would be my own.
And I'd leave the place where sunshine never shone.
For my life's too short for waiting when I see the rising sun"
cdnpinhead : It will, it will. Exaggerated would seem an understatement. But there's no stoppin the cretins from hoppin "
Loved that story...I mean it wasn't nice but it is incredible.
I love the U.S.A. but some things are better in Canada;
*We do have medicare. Not working as well as it should, it is expensive, but basically you can go to a doctor or hospital without paying for your visit (do pay thru taxes).
*Our stock markets got hit but mainly do to the recession coming. We didn't have any subprime stuff going on. You needed at least 10% downpayment.
*I worked for a U.S. company - a division of Warner Brothers. Over the years they ;
-let a guy go and they weren't paying his unemployment insurance. He went to the government and they made them pay.
-One lady sales rep became pregnant. They wanted to sideline her and not pay her. She complained to the government and they had to pay her salary for I believe 3 months
-I was a sales rep and let go after 16 years because they lost a line they distributed. They thought they would just wave goodbye. Little did they know they had to pay a minimum of 1 week for every year. Government made them pay up. They paid the minimum which almost no company would do - most would pay about half a years salary after 16 yrs.. Most give you extra and a coach or classes for getting a new job.
(don't worry though...no one would hire me at 46 years old so started my owncompany and make much more than they paid)
*Another lack of fairness comes to mind, this ability to sue about everything, including a million dollars for spilling coffee on yourself - these cases almost never make it to court in Canada.
I think those were very insightful words - Canada is fairer, Greenpea.
But, don't get me wrong. I love you guys (well, I mean Americans in general) because we wouldn't have our standard of living in Canada without you, and the world, would not be as nice a place. You have a great formula for making prosperity for the masses, unfortunately the lack of regulation sometimes backfires. It would be great if you all had the drive, innovation, freedom, but could just come down a notch and try to be a little fairer.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Do most dealers do the full PDI as specced out by the manufacturer or do they usually just do the obvious things like check the oil, etc.?
PDI is paid to the dealer's service department. It is around $90.
Yes the the PDI is done to the manufacturers specifications. Hence they are paying for it.
GP
There is a reason for life and disability insurnace
GP
I can't believe it is that much different between the States and Canada...
People can get out of a lease early here in the states but they are 9 out of 10 times going to be in negative equity situation. It is just like trading a car the consumer has a payoff and you get it. Knowing that the manufacturer sets the residual I figure they must be the same as up there in your country. I don't suggest people get out of a lease unless they are up on there miles with year left or what ever. I think you know what I mean.
I suggest to people to get out early if they have 3-4 months left Much easier to burry $900 - $1200 in the next lease or finance.
GP
To be accurate, I think it is possibly easier to get out of a lease in Canada for the reasons you stated, BUT I still think it is not too easy.
I have tried to trade early twice in my life on leases, this was many years ago, and dealers weren't too interested...seems the lease is made directly with manufacturer and is based on residual value etc. Dealer didn't really want to get involved. I saw an ad a little while ago and they specialized in buying up leases, don't know the charges though.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
>Duke, you put it all in perspective., with some good common sense.....I'd vote for you.
Sol very true.......this crisis shall spawn a whole new generation of opportunities that will create a brand new generation of wealthy people in 5 years or so. Te wealth shall be passed from one bunch to another bunch, not related in any way.
and what if the funeral home goes out of business in these dire times :sick:
In terms of automobile language, you cannot set the world records without aggressive tuning, and that does backfire and blow up the engine sometimes. viz funny cars. Now if everything was made to be fair, it would be just as boring as NASCAR.
Have to agree with you. Without risk, there isn't much chance of reward. Goes for NASCAR, business, and if fact life. But, not nice risking everyone else's money for your reward.....as the guys on wall street have done.
Now, if you want to be real gutsy and take a risk, buy some stocks first thing Monday morning. I think it will pay off, might take a year or two. Just read today, after the crash of 1929 when stocks were worth 8% of their previous value it took 23 years to recover.....BUT, if you bought back or kept only your Blue Chip stocks it would have taken 4 years to recover, and though this is a very bad mess, it doesn't compare to 1929. So, there is hope...and opportunity
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
and what if the funeral home goes out of business in these dire times
Some dude in Louisville had a funeral home that was having financial difficulties. He just took payment for funeral/burial expenses and stacked the corpses up in his backyard garage like firewood. I think he called it the "layaway" plan. :sick:
Seriously, though, he got some jail time... can't remember. He had some lame excuse too, can't remember that either.... forgot they were there or something. :sick:
I don't think that will happen, people are dying for their services. :shades:
But seriously the funeral home is part of the cemetery and thus has some assurances from the state.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Yes the the PDI is done to the manufacturers specifications. Hence they are paying for it."
Thanks GP. That's what I was wondering because I checked the tires on the new Mazda and there was 43 psi in all of them. Road like a rock wagon. The manual and door jamb sticker says 32 psi. When I made them all 32 psi it rode so much better.
Then I found the blank PDI checklists in the glove box. :surprise: I immediately checked the fluids.
2025 Forester Limited, 2024 Subaru Legacy Sport
Maybe that's how they sell for less.
$90 is part of the mark-up.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Like I said the PDI goes to service... has nothing to do with sales, could just be a lazy tech :surprise:
gP
> WHAT WILL the car thieves THINK OF NEXT?
>
> The car thieves peer through the windshield of your
> car or truck, write down the VIN # from the label on
> the dash, go to the local car dealership and request a
> duplicate key based on the VIN #. I didn't believe
> this e-mail, so I called Chrysler-Dodge and pretended
> I had lost my keys They told me to just bring in the
> VIN #, and they would cut me one on the spot, and I
> could order the keyless device if I wanted.
>
> The Car Dealer's Parts Department will make a
> duplicate key from the VIN #, and collect payment from
> the thief who will return to your car. He doesn't have
> to break in, do any damage to the vehicle, or draw
> attention to himself. All he has to do is walk up to
> your car, insert the key and off he goes to a l ocal
> Chop Shop with your vehicle. You don't believe it?o?=Ito?=IS that easy.
> To avoid this from happening to you, simply put some
> tape (electrical tape, duct tape or medical tape)
> across the VIN Metal Label located on the dash board.
> By law, you cannot remove the VIN, but you CAN cover
> it so it can't be viewed through the windshield by a
> car thief. I urge you to forward this to your friends
> before some other car thief steals another car or
> truck. I slipped a 3 x 5 card over the VIN NUMBER
Just curious to know.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250