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Any Questions for a Car Dealer?

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  • obyoneobyone Member Posts: 7,841
    What we have done in the past is let our banker know that we are buying a vehicle. After negotiating a price, pass the bank manager's phone number and name to the F&I guy. If the sales manager insists on a credit app, I give him the bank manager's phone number.
  • gussguss Member Posts: 1,167
    You will get a credit application with Trade references and asking for you D&B number along with oter questions about the business.GMAC,Ford ,and Chrysler alot of times have better rates the banks

    If you have not been in business long they will ask you to personally guarantee the loan
  • missilemanmissileman Member Posts: 10
    This may be a silly question but does anyone know if Honda has any dealer incentives on Accord demos?
  • stephmstephm Member Posts: 4
    Does Toyota have a VPP pricing program like Nissan's Vehicle Purchase Program for employees/business associates?
  • tifightertifighter Member Posts: 3,791
    Wondering if any Honda dealers have heard anything about the upcoming Honda Fit? Rumor is that it will arrive stateside in the Spring, but wondering if there is any other news out there...would be great to have a Honda that is smaller and hopefully less expensive than a Civic.

    25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0

  • Kirstie_HKirstie_H Administrator Posts: 11,242
    You might have a look at our 2006 Honda Fit (Jazz) discussion - that's where others are talking about this vehicle.

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  • jhs70jhs70 Member Posts: 213
    Definitely not. The rebate was the same during the entire process. Now there could have been a hidden MTD thing going on, but the buyer can never know about those. Or there may have been some incentive to get rid of this particular truck. I bought in late Sept and the "born on" date was Apr. 05. I don't know if this would make it a relic on the lot or what.
  • british_roverbritish_rover Member Posts: 8,502
    Just curious if there are any other Land Rover Sales Guides that frequent this forum.
  • tifightertifighter Member Posts: 3,791
    Thanks Kirstie-

    I have been following that discussion; good stuff! Just wondering if any info has been broadcast to the dealers yet. Intro date is still a hazy rumor at best on the consumer side...

    25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0

  • alexbmw1alexbmw1 Member Posts: 1
    I put 28,000 down on a 4 year lease for a bmw 545i now i have to return it it's been 4 month since i had it will i get my some of my money back.
  • manamalmanamal Member Posts: 426
    I don't really understand what you are asking? Did you lease it 4 months ago? and now need out of the lease?

    I don't know the answer, but think you may get *some* of your downpayement back.
  • stickguystickguy Member Posts: 53,440
    So, you basically prepaid a 4 year lease (28K is a lot up front). Not exactly normal leasing practice, but at least your payments will be low!

    Anyway, you can always get out of the lease, but only on their terms. Effectively, you have to pay the residual and the rest of the payments (which you may not have any of), and anything beyond that you get to keep. So yes, you can "sell" a leased car, same as if you had a loan on it.

    regardless, the best bet is to find out from the lease co. what you are obligated for, and I guess visit a dealer or maybe Carmax to find out what they would give you for it.

    So, good luck, but unfortunately I'm willing to bet this will be an expensive 4 month rental.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • qbrozenqbrozen Member Posts: 33,748
    Actually, i believe your only choice here is to trade it in or sell it and pay off the loan/lease entirely. But this can be ok for you because, with your down payment, you will DEFINITELY get money back.

    For instance, I don't know the details so i'm guessing, it was a $50k vehicle. The remainder of your payments and residual at this point is probably in the $23k range, give or take a couple grand. If you sell or trade in, let's say its worth $42k ... that means you are $19k in positive equity. So you will get that back (or apply to another vehicle, if you wish).

    Your 2 steps are ... call the leasing company and find out what the current payoff is (again, this will include all remaining payments and the residual), and find out what the car is currently worth (stop by the real-world trade-in values board to answer that one).

    hmmm... now that i just reread stickguy's post ... my answer sounds alot like his. ;)

    '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

  • volvomaxvolvomax Member Posts: 5,238
    Chances are you won't get any money back if you return the car.

    You could trade it in somewhere, since you only owe the residual you should have a fair amount of equity.
  • drive745drive745 Member Posts: 5
    Has anyone heard of this website Cheapcarhunter.com. For a one time fee of $35.00 you get access to a database that is full of used vehicles that have been reposessed from people who default on loans and break the law and have been sent to police auctions. Some Highly expensive cars like the "02 7 series start the bidding at $2,000. I would just like to know if anyone has heard of this site or sites like it and do they work or are they just a scam?
  • bdr127bdr127 Member Posts: 950
    I don't know if you're trying to advertise for the website or not (since you just registered today)...... But I did a google search, and I can't find any info on them. They have pretty much put their ad out to virtual every annoying search page out there.
  • isellhondasisellhondas Member Posts: 20,342
    I learned long ago that if something seems too good to be true, it always is.

    Don't you think these cars would be quickly snapped up by others if they were, indeed such good buys?

    And an auction can "start" at any number. If a 2002 7 series sells for 2000.00 I know that would be a car I wouldn't want!
  • pulsiepulsie Member Posts: 2
    My husband and I decided to go for a ride Sunday to test drive a new car. We found what we wanted and after the usual back and forth discussing with the salesman and the sales manager we agreed on a lease price. We initialed the terms of the agreement but have yet to sign a formal contract(the car won't be delivered until the end of November,we put a 500 dollar hold on the car). In the meantime, we found a deal that would save us 880 dollars over the term of the lease :cry: . Also,we wern't very happy with the salesmen's tactics, especially since we leased a car from him prior. My question is are we under an obligation to purchase the car we put a hold on. Also, if not what is the best way to tell the salesperson (gently) that we are no longer interested in that car. Should I just be honest with him and tell him we found a better deal or "sugar coat it". Thanks for your input!
  • isellhondasisellhondas Member Posts: 20,342
    You agreed to the terms of a lease. You shook hands on the deal, left a deposit and then went shopping for a better deal?

    Are you REALLY saving 880.00?

    I don't know what "tactics" that salesperson used that you didn't like but I think yours are a little questionable as well here.

    But, that's just my opinion.

    Yes, you can get out of the deal. Just call them and tell them the truth. Maybe they will be willing to match that price in order to save the deal.
  • zodiac2004zodiac2004 Member Posts: 458
    If a 2002 7 series sells for 2000.00 I know that would be a car I wouldn't want!

    Really Craig.
    I would pay 2000 for a 02 7-series if if LOOKS like an 02 7-series.
  • pulsiepulsie Member Posts: 2
    Well, ISELLHONDAS...apparently I hit a nerve.
    Hey, I'm looking for the best deal. I don't see how that is questionable? He should't have been "nickel and diming" us. Considering we bought from him before I don't like being jerked around (and having two saleguys hovering over us until we would initial that we would agree to the price). I am REALLY saving 880 .00-the down payment would be the same and the monthly payment would be cheaper...otherwise the terms of the lease, options, residual value etc. were exactly the same.
  • angbobangbob Member Posts: 4
    A friend bought a Volvo XC70 this past Saturday from a dealer in Eastern MA. She did everything right, except for one little detail in the test drive. She didn't think to drive the car to her house and park it inside the garage.

    You guessed it: it doesn't fit through the garage door! Well, it does, with about one inch on each side.

    Has anyone ever "worked with" a dealer to change cars in such a situation? Does it help to write a nice letter to the dealership's owner, asking how close they can come to limiting her losses, keeping her business, and not losing mine?

    Regards,
    Bob
  • bobstbobst Member Posts: 1,776
    Pulsie, you say that you "initialed the terms of the agreement".

    In your mind, what does that action signify?

    Does it mean that you gave your word that you would honor the agreement?
  • isellhondasisellhondas Member Posts: 20,342
    I think you and I grew up in a different time.
  • isellhondasisellhondas Member Posts: 20,342
    Yeah, you did hit a nerve.

    I know when I say I'm going to do something I do it. I don't leave after agreeing to a deal and then shop for a better price.

    I do hope you get the "best deal". I can see that is important to you.

    If you felt uncomfortable, you should have simply left.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    As a general rule, it's best to stop shopping after you've agreed to buy. You'll always, always be able to get a lower price somewhere else, or at another time. That's true whether you're buying a car, a house, a washing machine, or a coffemaker.

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  • steine13steine13 Member Posts: 2,825
    Hey, I'm looking for the best deal. I don't see how that is questionable?

    It isn't, unless it means breaking an agreement.

    I'm not sure what your question is... or rather, I think you answered it yourself.

    Isellhondas and I don't agree on all that much, but he's right on both counts: If you're not comfortable, don't buy. If you've agreed to something, follow through with it.

    That's how it's supposed to work among grownups.

    Not in the business,
    -Mathias
  • sbell4sbell4 Member Posts: 446
    The salesperson agreed tos lease me the car but called me later and told me someone else was going to pay $800 more for the same car so the agreement we had is no longer good.
  • bdr127bdr127 Member Posts: 950
    If you felt uncomfortable, you should have simply left.

    This is something I will never, ever understand.... Why do people ever buy anything when they don't like the situation? How do they get "pressured into it"? It's not like anyone is holding a gun to your head! If you don't like it, just stand up and leave. Why can't people simply say, "No thanks"? As kirstie said about shopping around, saying no and leaving also applies to anything you buy -- "a car, a house, a washing machine, or a coffeemaker." I just can't grasp this fear of saying "no"....
  • bdr127bdr127 Member Posts: 950
    turn it around and see how this sounds
    The salesperson agreed tos lease me the car but called me later and told me someone else was going to pay $800 more for the same car so the agreement we had is no longer good.


    I know people that this has happened to..... They are livid!!! Cursing the dealer up and down for selling "my car." And then those will be the same people who put a deposit down on a car and continue to shop around until they find a better deal.

    Here's a tip: shop around until you find your "best deal".... Then put down a deposit.
  • volvodan1volvodan1 Member Posts: 188
    That would be just as wrong, IMO. It's just common sense. Treat others how you want to be treated. If you didn't like how you were treated by the salesperson, you should not have rewarded them with your business. That is why they do what they do, it works
  • stickguystickguy Member Posts: 53,440
    It isn't that uncommon to do something impulsive (or at least not totally thought out), and realize when you get home it wasn't a good idea. So, there are plenty of cases (and I have done it myself) where I put a deposit down (or started the process in some form), and realized later that I didn't want to go through with it for whatever reason.

    Sure, it sounds good to say that because you initialed an order (for a car they wouldn't have for at least a month), or left a deposit, that you are locked in for life, but the world doesn't really work like that.

    So, not every time someone backs out needs to be treated like a grievous sin. But, I do agree that if you are planning to shop a price, don't sign the contract. However, what if you don't realize that it was a bad deal until you get home? I didn't really see anything in that post that indicated they were planning all along to go around and lock up incoming cars until they found the cheapest price, just that they realized when they got home that they did something stupid.

    As to walking out (not being pressured), sometimes some people get so caught up in the process, or the salespeople are so good at what they are doing, that thry don't realize until too late that they should have walked out!

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • isellhondasisellhondas Member Posts: 20,342
    Big difference.

    I was brought to to believe my handshake meant something and I've tried to teach that to our son.

    Not a matter of simply backing out. That is different than taking an agreed upon number and shopping it.

    We weren't there and I'm sure there are two totally different sides to the story.

    The poster RETURNED to a salesperson they had bought from before.

    What changed? The style of the salesperson? I don't know but I don't think anyone should get so "caught up" in the process that they just wouldn't get up and leave.
  • drive745drive745 Member Posts: 5
    yeah as of now I'm pretty much just trying to see if anyone has ever heard of them or used them before. I know a 7 series isn't going to go for $2000, but maybe $25,00 or something like that. I may try it because it is$35.00 once and if it is legit I could save alot of money. Thanks for the responses.
  • graphicguygraphicguy Member Posts: 14,126
    Well....we've all heard the old saying over and over again....too good to be true? It probably is.

    Don't know what the market value is for an '02 BMW 7 Series, but I can almost say with all certainty, it's not $2,000. Probably wouldn't be anywhere near $25,000 unless it had some sort of salvage title or was severely damaged.

    I dunno....I have to feel, touch, inspect and drive a car before I plunk down my money for it, regardless of how little or how much it costs. That goes for new cars, too.

    If it were me, I'd be going to a BMW dealer to look for a used 7 Series with some sort of CPO warranty.

    $25K is a lot of money for any car with unknown origins, unknown background and unknown service.

    Sounds to me like these guys found a way to tap into the "too good to be true bargain hunter". They are making $35 a pop for those who fall for it. Sometimes, there are newspaper ads in the car sections that state they've got an "in" to the government seizures of cars, boats and other assets. You pay them some money. In return, they send you a booklet that's available for free from other sources. This WEB site looks to be along those same lines.

    If it works out, let me know. I'll be putting up my own "bargain car finder" internet service and start charging $30 a pop for my "services so I can undercut them. :shades:
    2024 Kia EV6 GT-Line AWD Long Range
  • bdr127bdr127 Member Posts: 950
    Don't know what the market value is for an '02 BMW 7 Series, but I can almost say with all certainty, it's not $2,000. Probably wouldn't be anywhere near $25,000 unless it had some sort of salvage title or was severely damaged.

    It sounds as if they are recovered theft vehicles, repos, salvage cars, etc..... They may very well have branded titles, but many people really don't care. To many people it's pretty exciting to get an expensive car for so cheap, regardless of the future resale value.
  • kyfdxkyfdx Moderator Posts: 266,702
    I had the same feeling as you... I'm sure most of the money is made on the $35 sign-up fee..

    regards,
    kyfdx

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  • qbrozenqbrozen Member Posts: 33,748
    seems you got missed in the shuffle.

    I'm not one of the experts, but I'm pretty sure the dealer is not going to "exchange" the vehicle without some (and I mean, possibly quite a bit) compensation.

    All she can do is go talk to them. But do it NOW! Don't take time to write a letter. The more time that is wasted, the tougher it will get.

    '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

  • mikefm58mikefm58 Member Posts: 2,882
    I went to that website and followed the links to join to see what name would appear on the credit card charge, (no I didn't complete the transaction). And it's owned by a company called ClickBank. So I check bbb.org and it's a company out of Boise Idaho. Not much info. at bbb.org but there were lots of warnings about companies in that type of business.

    Looking at their product list, they all look like scams. They've also got cheapcarfinder.com and a whole bunch of other similar sites. Their website is www.clickbank.com if you want to check out their product list.

    Enjoy.......But don't buy.
  • isellhondasisellhondas Member Posts: 20,342
    Yeah, I missed that and have nothing to add to the good advise you gave.

    The dealer may just give you a break. Be nice and explain the problem you have.
  • kyfdxkyfdx Moderator Posts: 266,702
    One question I have.... What other car does Volvo have that you are interested in? If your garage is too small for an XC70, I'd think the only other car they would have that would fit is a V50 or S40.. Would you be happy with that?

    It sounds like a really narrow garage door.. I'm surprised the issue never came to mind before buying a new car... Did she use the garage before buying this car?

    I agree with the others... be very nice... Don't write a letter.... get back down to the dealership ASAP... But, be prepared to buy a different car from them... I would consider it unlikely that they'll do any kind of swap.... But, I would consider it a miracle if they would just take the car back..

    regards,
    kyfdx
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  • mark156mark156 Member Posts: 1,915
    Angbob.... well, it seems to me your friends will definitely take a bath if they try to get out of the car now. And why trade-in for something they didn't want in the first place?.

    If they can afford a Volvo XC70 (wagon right? not the SUV?), why not consider widening the garage door opening with the money they will lose if they trade. That way, it will never be an issue again and be an improvement to the house. Volvo wagons aren't that wide to begin with, what were they driving before???? :confuse:

    I bet for about $3,000 - $4,000 they can have a new garage door and a wider opening. If the house is made of wood, it will be cheaper to expand. I really don't think it would be a big deal if they have the room to make the opening bigger.

    One way or another, they are going to spend some money, may as well improve the house.

    Just a different view... Mark :shades:
    2010 Land Rover LR4, 2013 Honda CR-V, 2009 Bentley GTC, 1990 MB 500SL, 2001 MB S500, 2007 Lincoln TC, 1964 RR Silver Cloud III, 1995 MB E320 Cab., 2015 Prevost Liberty Coach
  • bdr127bdr127 Member Posts: 950
    I bet for about $3,000 - $4,000 they can have a new garage door and a wider opening. If the house is made of wood, it will be cheaper to expand. I really don't think it would be a big deal if they have the room to make the opening bigger.

    Good (and very smart) idea! Mr. Non-Handy that I am, I personally would never have thought to do that. :P
  • tina5tina5 Member Posts: 11
    Hi all,
    wow, 715 pages. I'm still working my way through it.
    Okay, here's my question. I just ordered a 2006 Chevy Impala at a local dealership. I signed just a printout of the model with options and put down a $200 deposit. The dealer started filling out a loan application, asked for my social security number etc. and I was stupid enough to give him the information. But I didn't sign the application of course. Fact is, I want to pay cash. The car will probably arrive in December and at that time I will sign the sales contract. I'll be getting a private loan from a relative and will pay cash with all of the money coming out of my checking account. So, what do I have to look out for other than fees ? I'm afraid that they'll try to trick me into a loan now that they have my social. If anything seems fishy, can I just walk out even though I ordered the car ?
    Thanks,
    Tina.
  • kdhspyderkdhspyder Member Posts: 7,160
    Disclaimer: I work at a Toyota dealership selling Toyotas.

    Here is the flip side of that coin pulsie. Monday or Tuesday after you initialled the agreement ( which say was a killer deal for you ) the dealer called you and said that he wasnt going to honor the agreement because someone else had bid higher on that vehicle. You would be inscensed I'm sure.

    Part of the reason for initialling an agreement and leaving a deposit is that at some time both parties have to be able to expect to honor the other's commitment.

    We have a box on our Buyers Order expressly for this purpose. It puts a time limit on the delivery and both parties sign it. I explain to everyone before they sign 'that by signing we are agreeing to do business and that YOU are not going to back out and WE are not going to sell the vehicle out from underneath you' .

    I've never had anyone back out on me with this understanding between us.
  • steverstever Guest Posts: 52,454
    Gee, if the company is in Boise, it must be ok. Maybe I should go drop a resume off. :-)

    In one of the SUV discussions that escapes me at the moment, a buyer discovered (even after extensive test drives), that she was a half Pinkwater too big for the seats and her hip was resting on part of the seat bolster on the side. It got too uncomfortable to sit in after a week of ownership.

    She went back to the dealer and they unwound the deal and took the car back. She did agree to buy another model from stock that fit better, but was thrilled with the treatment she got.

    Steve, Host
  • kdhspyderkdhspyder Member Posts: 7,160
    Our group has a 3 day/ 100mi exchange policy for any reason but the new vehicle must be from stock. It happens about once every 3 months. It solves the misconception about 'a 72 hr right of recision'. But this almost never comes up.
  • stickguystickguy Member Posts: 53,440
    some people in my neighborhod did they. They bought a Navigator (IIRC), and found out it didn't fit in the garage. They took it back and exchnaged it for a Mountaineer.

    I htink they did it right away (same day). Not sure if they got hit $$wise, but I don't think so. Probably helps that another neighbor is a big wig at the Infiniti dealer in the same chain as the LM dealer.

    I think what can happen if you are lucky is that nono of the paperwork left the building, so they can pretty much just tear it up and do a different deal, and still consider the first car new/untitled.

    Of course, don't expect them to take it back if you aren't just buying something else from them.

    An XC-70 isn't that wide. Must be a tiny garage. I agree to expand the garage, but I would recommend that to anyone!

    A V50 might fit, but there aren't many cars narrower than that unless you get into the Aveo class, and if they bought an XC Volvo, doubt they were looking at them!

    If I had to guess, maybe they really got an XC-90? That probably is a bit wider.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • bdr127bdr127 Member Posts: 950
    If I had to guess, maybe they really got an XC-90? That probably is a bit wider.

    I checked their widths.... XC90 is 74.7" and XC70 is 73.2".

    As a comparison, other SUVs like the Touareg and FX35 are over 1" wider than the XC90. The X3 is almost 2" narrower and X5 is 1" narrower; ML350 is over 2" narrower.

    For wagons, the 5-Series is a half inch narrower than the XC70; A6 is the same; Passat is 4.5" narrower.

    So I guess, for the most part, if they want to stay in the same vehicle class, it'll be tough to find something that is substantially different in size.
  • boomchekboomchek Member Posts: 5,516
    "You guessed it: it doesn't fit through the garage door! Well, it does, with about one inch on each side"

    If it fits through the garage door with an inch to spare on each side, she can probably fold the mirrors before driving in (if they do fold). Otherwise if there is plenty of space inside the garage once she drives in, then I wouldn't bother trying to switch cars.

    If entry/egress into the garage is the only concern, then she might get used to it after a while. Going through the hassle (it is a hassle) of switching/returning cars, shopping for a new car is more troublesome than exchanging a pair of pants at a clothing store because of all factors involved.

    If the car wouldn't fit in at all or if there was only one inch to spare once inside the garage and your friend couldn't even open the door then I'd seriously consider switching cars, or switching garages.

    The advice others are giving regarding the garage is a good idea too. If it's a house your friend owns and will probably live in it for a long time, she should consider upgrading it because cars these days get bigger and wider due to design and safety requirements and she might run into the same problem 5 years down the road if she plans to replace the Volvo.

    Hope this all helps.

    2016 Audi A7 3.0T S Line, 2021 Subaru WRX

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