Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Any Questions for a Car Dealer?
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I couldn't take your hot summers!
Terry.
also, dont let the non-local guy know what you are doing. then he will make a point NOT to let it go to another dealer.
Bowke is definatly right on the money with this one I think.
A CARFAX report and an inspection, along with the service history, is about all the research you can do. Good on you for doing it, instead of getting bit, then coming back later to whine and ask how to sue the dealer.
Took a lot of persuading to get the Dodge's history and my 97 Explorer I didn't get until after we bought the Dodge from Cal's and my salesman walked me back and asked. All they will do is look at thier computer and run through a few things, no print out, nothing. I've only found this at the dealer's in Anchorage. The Fairbanks Ford dealer will give it out. Strange.
As a service manager, I've run many service/warranty history reports though GM's VIS and Chrysler's DIAL systems - I cut off the previous owner information and give the prospective owner the car's info.
I'd worry about doing business with a dealer who wouldn't do this for you, if you asked (most people won't).
Now if I could just figure out why the Dodge gets 13 mpg on the hwy and my Explorer barely manages 14 mpg......ugh. (and no, I'm not a leadfoot)
- He claimed he needs to see me in person in order to bring my offer to his manager; that they need to know that I'm a serious buyer. Is this necessary or can we settle on a price over the phone.
- Is the price negotiation done before the dealer starts the locating process?
- Is a deposit required and does the paperwork need to be signed before a dealer will start to locate a car?
Thanks for your response in advance.
A dealer isn't going to go through all the brain damage of a dealer trade, possibly lose the holdback, pay a driver to travel 120+ miles, and then gamble his $20,0/$30,0/$40,000+ investment on a whim or a maybe ... he wants a signed and sealed agreement and a non-refundable deposit, just like any furniture store, marina, jewelry, home builder or real estate agent ~ why the heck would cars be different ..?!?
Terry.
As far as the claim that the salesperson needs to see you in person in order to bring your offer to his manager, this is a red flag that this salesperson isn't going to be respectful of your time as you proceed through the buying process and you need to decide up front whether this is OK with you. Certainly it is reasonable for the salesperson to obtain some assurance that you are a serious buyer, but there are plenty out there these days, who "get" internet buying, who do not require a personal visit in order to do this. My experience is that many will accept a complete, written, offer, transmitted by e-mail or fax, as proof that you are serious. If this one won't, and if you value your time, why would you want to give them your business?
You make some good points.
They do have an Internet Sales department which presumably means they can negotiate without a face to face. I will contact them via Internet Sales.
Would you know whether the contract can be cancelled and deposit refunded if the car is not located within a certain period? Would that be something that is written into the contract?
No, it means that the dealer wants to make sure you're serious before they run all over and spend their money on a deal that may not happen - they have plenty of vehicles in stock with holdback - they don't need one in stock without holdback, especially on a deal that isn't firm. It's just good business.
Besides, the deal hasn't gotten far enough for anyone to commit, so the time wasting and internet-mandatory concepts ae silly at this point.
As far is being busy, well, it takes a bit of time to buy a car...sorry. It's not like buying a pair of shoes.
People who show up in person will ALWAYS be taken MUCH more seriously than someone afraid to come out from behind a keyboard.
We don't bite...at least (I hope)the majority of us.
My best advise, not that anyone asked...ask your friends, family and neighbors for a referral. Ask if they were happy with their last purchase and where they would reccommend.
I know I treat my referral customers in a friendly professional manner. I know they are serious buyers who will, in turn, refer me to others. This is how I have built my business.
It doesn't have to be that difficult.
If you want the dealer to think your serious, then act like your serious ... unfortunately the market is filled with 18/22 year old kids (or 44 year old dead beats) that can't afford 540i's or loaded up 4x4 Ford Supercabs, but they just want to see what they can buy them for, or sometimes they might be shopping your G35 against a Hyundai (and don't know the difference, ugh.!) who knows, maybe some of these folks are bored and their Best Buys credit card just got rejected and they can't get that new flat screen, so lets burn up some salesmans time on this car "I can't get approved in" ....
Business is business and %&*# walks ..
Terry.
If I had asked them to bring my vehicle in from another dealer I would have expected them to ask for a signed order and a deposit.
Duncan
Duncan
The dealer is over an hour's drive from us.
The salesperson had asked me what price I had in mind and I told him. He said he cannot present my offer to his manager unless I am there in person. I told him I am willing to give him a CC deposit to show I am serious after we reach an agreement. I don't want make the drive just to have them reject my offer in person.
Just as dealers want to work with serious prospects, buyers want to work with serious dealers who won't give them the run around.
Thanks for your suggestion on asking people for referrals. It didn't occur to me that a neighbor did indeed buy a new car from the same manufacturer we are looking at. I will ask them.
Thank you everyone, for your input.
The dealership should be fine with your signature on a purchase order, giving price, vehicle, terms, etc., and a $1000 deposit on your credit card, with a rider saying that the deposit is only refundable if the vehicle is not located within two weeks.
I think you have been sitting a little too close to the TV while you watch the Soprano's .l.o.l...
Terry.
in your fax, also state that you are willing to put a deposit on the car if the numbers are settled. it only takes, at most, a couple counter-offers to settle, so if they are willing, it shouldnt take much of their time.
http://www.detnews.com/2004/autosinsider/0404/26/a01-132620.htm
Well...duhhh
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the dealer has no more responsibility after that. as far as the dealer knows, the person is aware of the math, and is allowing them to make a little extra money.
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I can never figure out why someone would research the value of a car, but doesn't find out how cheap they can get the financing, which is usually 20% of the cost or more.
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Terry.
"more than double the 11.99 percent for which he qualified based on his credit history"
Says who? The expert who wrote the article?? If the guy was written at 23.99% and the dealer marked it up 3 points, the guy QUALIFIED at 20.99%.
There's a federally-mandated disclosure box on ALL automotive finance contracts - if you have a question, the time to ask is before you sign, not two years later.
Instead, do the deal, then run to a lawyer to attempt to save yourself from your own stupidity!
Ya know, who are these experts that just write these articles, or forget to do the math or gather the proper information and then they get away with it .? ... hmm, sounds like the guy from the New York Times that wrote all those "Battle" articles from the bar down the street, not from Baghdad ......
Terry.
Nevertheless, I still think it stinks if he qualified for just under 12% interest and the dealer racked it up to 24%. I'm sorry, but adding a few points to make a buck/cover costs, fair enough, but to double the interest rate without drawing it to his attention? It must have been blatantly obvious that he was unaware of the hike.
Sorry folks, I think that's an unethical way to do business. When I run people through any agreements or forms in my office, I go through each clause, especially the important ones, i.e. where it's going to cost them money, and make sure they understand things. It's simply ethical good business, and if trouble crops up later, you can point to the fact that they were taken through it step by step.
Ok, I'll climb down off the soapbox now....
What Drift was saying is, there is "No Such Thing" as doubling the rate, no matter what state you live in .. the guy might have been hit at "maybe" 18.99% with a 5 point spread, "Maybe", depending on the lender ... not 11.99% .... Oy Vey.!
Terry.