How to beat the Car Salesman?
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Id really like to stay on the subject here but people spends money differently. You might be spending your money on something that i would think is "stupid" or "waste of money" but hey, if it satisfy or makes you happy then I'd leave you with your decisions. I don't really want to know why youd be spending your money in such a way. dont take this the wrong way because i can see your point. let's just leave it there.
any other advice out there?
any other advice out there?
I sold cars for 4 years and can honestly tell you, most people are stupid. They don't know the value of their trade-in, the TDI (Total Dealer Invoice) of the car they want to buy or what their monthly payments will be for a given amount. Also, be realistic about the shape your car is in. Detail it before you ever hit the lot. Change the oil if it's dirty. Put your best foot forward.
The dealership is in the business to make money. Accept that! Now it's up to you to determine how much money they should make off of you. If you are trading in a car, they expect to make a profit from that sale. They expect to make a profit from the sale of the new car. Lastly, if you finance through them, they expect to make a profit from that also. Use that to your advantage. Let them know that you know the value of your car as well as theirs. Let them know what they can retail your car for when it's in their inventory. Arrive at a negotiated profit level for the dealership.
If you can go to your bank prior to your visit to the dealership, get a letter showing that the bank is willing to finance a certain amount. This shows that you're not there waisting their time. If you are going to put money down, get that amount in $20.00 bills. It's a powerful motivator for a salesman when you whip out a Letter of Credit and a wad of bills to go along with "your offer".
The dealership is in the business to make money. Accept that! Now it's up to you to determine how much money they should make off of you. If you are trading in a car, they expect to make a profit from that sale. They expect to make a profit from the sale of the new car. Lastly, if you finance through them, they expect to make a profit from that also. Use that to your advantage. Let them know that you know the value of your car as well as theirs. Let them know what they can retail your car for when it's in their inventory. Arrive at a negotiated profit level for the dealership.
If you can go to your bank prior to your visit to the dealership, get a letter showing that the bank is willing to finance a certain amount. This shows that you're not there waisting their time. If you are going to put money down, get that amount in $20.00 bills. It's a powerful motivator for a salesman when you whip out a Letter of Credit and a wad of bills to go along with "your offer".
Dood,
How many new 9's are left in the country? I would guess not many. And they are not gona deal on last evo's they have cause its one of the hottest cars on the road right now.
Keep urs and put the money u are gona get raped on back into ur GSR- AMS roof, MR tranny, etc., etc.
How many new 9's are left in the country? I would guess not many. And they are not gona deal on last evo's they have cause its one of the hottest cars on the road right now.
Keep urs and put the money u are gona get raped on back into ur GSR- AMS roof, MR tranny, etc., etc.
Trading in one model to get a newer version? You're already on course to get ripped off. Your reasons are your reasons, but honestly it sounds like you have the spoiled wants of a rich kid but not the money to back it up without concern. You should be happy with the nice newer car (that most guys would be happy with) you already own rather than making a concience decision to lose 10-15k. Again you don't have to explain your reasons but without an explaination as to why, you just sound spoiled.
To answer your question, you are going to lose alot of money regardless of your approach. Think hard and long about it first.
To answer your question, you are going to lose alot of money regardless of your approach. Think hard and long about it first.
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I sold cars for 4 years and can honestly tell you, most people are stupid. They don't know the value of their trade-in, the TDI (Total Dealer Invoice) of the car they want to buy or what their monthly payments will be for a given amount. Also, be realistic about the shape your car is in. Detail it before you ever hit the lot. Change the oil if it's dirty. Put your best foot forward.
The dealership is in the business to make money. Accept that! Now it's up to you to determine how much money they should make off of you. If you are trading in a car, they expect to make a profit from that sale. They expect to make a profit from the sale of the new car. Lastly, if you finance through them, they expect to make a profit from that also. Use that to your advantage. Let them know that you know the value of your car as well as theirs. Let them know what they can retail your car for when it's in their inventory. Arrive at a negotiated profit level for the dealership.
If you can go to your bank prior to your visit to the dealership, get a letter showing that the bank is willing to finance a certain amount. This shows that you're not there waisting their time. If you are going to put money down, get that amount in $20.00 bills. It's a powerful motivator for a salesman when you whip out a Letter of Credit and a wad of bills to go along with "your offer".
The dealership is in the business to make money. Accept that! Now it's up to you to determine how much money they should make off of you. If you are trading in a car, they expect to make a profit from that sale. They expect to make a profit from the sale of the new car. Lastly, if you finance through them, they expect to make a profit from that also. Use that to your advantage. Let them know that you know the value of your car as well as theirs. Let them know what they can retail your car for when it's in their inventory. Arrive at a negotiated profit level for the dealership.
If you can go to your bank prior to your visit to the dealership, get a letter showing that the bank is willing to finance a certain amount. This shows that you're not there waisting their time. If you are going to put money down, get that amount in $20.00 bills. It's a powerful motivator for a salesman when you whip out a Letter of Credit and a wad of bills to go along with "your offer".
Trading in one model to get a newer version? You're already on course to get ripped off. Your reasons are your reasons, but honestly it sounds like you have the spoiled wants of a rich kid but not the money to back it up without concern. You should be happy with the nice newer car (that most guys would be happy with) you already own rather than making a concience decision to lose 10-15k. Again you don't have to explain your reasons but without an explaination as to why, you just sound spoiled.
To answer your question, you are going to lose alot of money regardless of your approach. Think hard and long about it first.
To answer your question, you are going to lose alot of money regardless of your approach. Think hard and long about it first.
As for one of my other reasons, this doesnt only apply to trading my Evo to another Evo. Im also considering on trading it for a TRUCK instead of another Evo which i can use for something else. Its actually my main reason why Im asking for advice. I didnt want to bring it up because i want this thread to stay on topic. I appreciate that you respect me for not asking any further why Im doing this.
Last edited by turbochrgdbeast; Nov 12, 2007 at 09:55 AM.
Thread Starter
Evolved Member
iTrader: (1)
Joined: Mar 2007
Posts: 1,052
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From: Bay Area, California
Thread Starter
Evolved Member
iTrader: (1)
Joined: Mar 2007
Posts: 1,052
Likes: 0
From: Bay Area, California
I took a class on how to sell cars about a year ago where they would hook me up with a dealership job and everything. After taking the class, I decided it wasn't for me, but I got a lot of valuable information. If they find an Evo for you to consider, but you aren't satisfied with the condition, don't let them get you to test drive. This is a tactic that is used to get people emotionally involved in the car, making it harder for you to walk away. If it where me, I would go for a really fun drive in my own car right before going to the dealer so that I'm not feeling like I'm in a hurry to get rid of it.
I would also agree with the advise to sell privately. The dealer will give whatever NADA says minus whatever they can reason to bring that down. The dealer isn't going to try to get extra money from future buyers of your car for whatever mods you might have done to the car. In many cases, they won't even make note of it, unless it is in their interest to... like when they can use it as a reason to give you less money for your trade. It would probably be a good idea to go to several dealers and see if you can pit them against each other, assuming that you can find more than one that can still easily get an Evo suitable to your needs and liking. Good luck.
I would also agree with the advise to sell privately. The dealer will give whatever NADA says minus whatever they can reason to bring that down. The dealer isn't going to try to get extra money from future buyers of your car for whatever mods you might have done to the car. In many cases, they won't even make note of it, unless it is in their interest to... like when they can use it as a reason to give you less money for your trade. It would probably be a good idea to go to several dealers and see if you can pit them against each other, assuming that you can find more than one that can still easily get an Evo suitable to your needs and liking. Good luck.
Id really like to stay on the subject here but people spends money differently. You might be spending your money on something that i would think is "stupid" or "waste of money" but hey, if it satisfy or makes you happy then I'd leave you with your decisions. I don't really want to know why youd be spending your money in such a way. dont take this the wrong way because i can see your point. let's just leave it there.
any other advice out there?
any other advice out there?
Beyond those 2 things, I don't really understand why else someone would take a $10k hit on the same car at a dealer -- especially when they are upside down on the old one and still owe $25k. That number will easily go to $35k+ for the same car. I don't care how you spin that -- that's just downright stupid!


