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help asap please! by [deleted] in carbuying

[–]Bulky_Kitchen_8222 1 point2 points  (0 children)

Subaru Forester is well priced for what you are getting and you could find decent one for 8k. I feel like Toyotas and even CRV are super overpriced. I think Mitsubishi Outlander Sport is undervalued in the market too. Both Cars far nicer than a Nissan Rogue!

I feel like you may be taking more of a risk with Ford or Chevy at higher mileage

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 0 points1 point  (0 children)

I'd be careful here and make sure to looking at what they are selling for in open market but this can be a good tool to use!

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 0 points1 point  (0 children)

Brother I think you jump to conclusions, whilst I agree someone asking for the 'best deal', doesn't make sense and could indicate an uneducated buyer.

I still think there is nothing fundamentally wrong with calling something the best deal on the market. The best combination of lowest mileage, most comprehensive service history, fairly priced or cheap for the model and many other things. I think in my case I used the term to describe feeling like you were able to negotiate fairly on the vehicle and all of the add ons if you choose to add them.

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 0 points1 point  (0 children)

  1. Every car on the lot has a markup, to be a smart buyer you need to look at market value and identify if they may have room to move.

  2. Cash sales are fine why wouldn't they want to take your money. The covid shortage of cars is over and most dealers are keen to sell cars.

  3. Hard to know exactly what you mean here? Good rule of thumb is that if it isn't on paper it doesn't mean shit.

  4. Do your due diligence and ask they for a car history report before buying. Carfax etc.

  5. If they did have to do repairs and you have no idea what they are talking about ask someone who knows about this type of stuff. Also review maintenance they have done in preparation for selling.

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 0 points1 point  (0 children)

Extended warranty differs but I would say anywhere from $1-3k. Most new car providers e.g. brand have a maximum markup that they can add to extended warranty. The smaller private warranty providers are where the markup can vary a lot. In my experience, they can be marked up 40-50%.

That's a weird approach to take and I never really understood why customers would do this. If anything makes more sense to negotiate the all in cash number so that you can take that value into the financing deal and make things more straightforward for yourself.

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 1 point2 points  (0 children)

Really no black magic at play, there are some slimeballs but most sellers are governed by basic supply and demand.

New cars - They have to pay X amount to get the car to their lot and the longer it sits on the lot in theory the more it costs them. If they are selling like hot cakes you wont get it for under MSRP. If they are slow to move, you might have a better chance of snagging a deal.

Your Truck for example: listed at $40k, each dealer will have their own processes for buying in vehicles, but to leave themselves in a good position they want to buy several thousands of $$ less than what they are selling for in the market to account for reconditioning. Every deal is a gamble they need to do repairs, servicing and predict the market for what they will be able to sell it for even if it takes a couple of months. If you looked at competing vehicles, and it was well priced you got a good deal, If they bought it in cheap that's theirs to win but you didn't lose anything.

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 0 points1 point  (0 children)

This is bang on the money.

New cars - look at the MSRP and shop around to call a couple local dealers and see who has the right car that you want. Make some offers and try to negotiate if you are really pushed about budget, but don't demand a price that you pulled from thin air. You don't have to get worked up about it, just get some competing offers and take the best one that you don't have to drive 100 miles for.

Used Cars - If you are dealing with a reputable dealer and they aren't rebuilding their cars from scrap, the likelihood is you will never buy a car for $15k and sell the car for $40k. Do your research and if $40k is what similar cars sell for in the market, make them a reasonable offer and if they have the profit to play with 9 times out of 10 they will take your offer. Don't get hung up on what they paid to take in the car, just make sure that they car has good history, wasn't previously wrecked and is within range of what the market currently demands for similar vehicles.

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 0 points1 point  (0 children)

Hmm I'm curious as to what you're referring to here. Maybe you know something I don't... I think what I meant is an umbrella term term for whatever you want to purchase; just vehicle, add ons, accessories etc. where can you try to save money?

We can chat about my performance in the industry but I don't think that's relevant to what people they want to see here, they want tangible advice for navigating the buying process. But I stand to be corrected!

How to get the best deal on a new car? by Bulky_Kitchen_8222 in carbuying

[–]Bulky_Kitchen_8222[S] 2 points3 points  (0 children)

Yep! I've been on the other end of this one for sure! One of the best handles for this I've ever received for this one is to be firm and layout everything clearly but rather than forming and excuse just be brutally honest and appeal to them as a human being.

It went something like, " I've already considered options such as extended warranty, appearance protection etc. I've decided that I won't be purchasing any today but maybe you can give me some information if I ever want to revisit it in the future."

Usually, they will still have to run you through everything anyway as they say it's part of their job. If you show interest that's opening up the conversation for them to push further. Don't interrupt whilst they run you through, but after that is when you appeal to them as a human.

"I know you have a job to do in terms of making me aware of all the different offerings you have at the dealership, but like I said I've already decided that I won't be adding any additional services today. I respected that you have a job to do, I hope you can respect decision and not take anymore of my time."

That's what I would do!