It seems like there are a lot of Xs sitting on lots
35k for the base GSR for me, is just too much sorry.
I think the evo is the only Mitsubishi is make the factory looking better. So dont sweat on it when you just simply selling the evo. That Evo sale will not makes you millionaire anyway. Even the factory dont give you money if you sell them....
this is why:
You still making enough money on other models like the lancer or the outlander. And because the Evo they reputation is growing too. So sacrifice here and get the benefit from there . This is a good balance i see.
Or we can call it as a commercial for the Mitsubishi. And if you selling them on your invoice then we can call it a FREE commercial too
Sorry i had to vent too
I think the evo is the only Mitsubishi is make the factory looking better. So dont sweat on it when you just simply selling the evo. That Evo sale will not makes you millionaire anyway. Even the factory dont give you money if you sell them....
this is why:
You still making enough money on other models like the lancer or the outlander. And because the Evo they reputation is growing too. So sacrifice here and get the benefit from there . This is a good balance i see.
Or we can call it as a commercial for the Mitsubishi. And if you selling them on your invoice then we can call it a FREE commercial too Sorry i had to vent too
The bbyBruno post is so silly I can't stop laughing. If you can purchase a car under invoice, why not. If a dealer can sell below invoice, why give more if he is not asking for it. South Coast purchases hundreds of these cars and they can get better prices than any dealer in the country. How do they do it? Excellent service, no created markups, loyal customers, repeat buyers, you name it. I bet they can sell a car way under invoice and still make a huge profit to offset the new cars because again, they have alot of excellent 8 and 9's for sale. The poifit on used is huge compared to new. Accounting and finance know the numbers and they are not stupid. Why, they control the flow of cash and what they are currently doing is working. Obviously you are unfortunate to live in an area where this is not happening and you fell good giving them your money. That's your decision. I bet they have plans on building a new showroom just for EVO's so they can get more money from economic experts like you. You should have bought a Chevy. Not putting them down since I have owned 5 GM products. Have you supported the economy like me?
Amazing, simply amazing. By the way, you you trade in your 03 so they can make alot of money from the sale of it and buy a new one over invoice. That way you can sit back and feel good about yourself while the others around you invest there money in savings.
Amazing, simply amazing. By the way, you you trade in your 03 so they can make alot of money from the sale of it and buy a new one over invoice. That way you can sit back and feel good about yourself while the others around you invest there money in savings.
Newbie
Joined: Feb 2008
Posts: 54
Likes: 0
From: morris, nj
Customers like you **** me off beyond belief. It doesn't matter what the dealer pays for the car, what matters is what you pay. I understand everyone wants a GREAT deal. But do you understand how you effect things when you nego. to a nothing deal. The dealer makes less money, the salesman makes almost nothing, i'm sure you understand the side effects of that. So slowly all these customers paying invoice or under which is insane are ruining the economy. The customer isn't getting raped if they pay profit.
So here is my advice if your purchasing a new car and you would like to get a good deal and let the dealer/saleman make a fair profit. I do this with almost 70% of my customers.
When shopping for a car ask to see the invoice price. Take the MSRP minus the invoice, thats the gross. Divide the gross then add to the invoice. Thats the price you pay. That's the fairest way for both parties.
Here's an example:
EVO X
MSRP: $36,995
-Invoice: $33,200
Gross: $3,795 divide $1,897.50
Invoice: $33,200 + $1,897.50= $35,097.50 <--That's what you pay.
Sorry for venting
So here is my advice if your purchasing a new car and you would like to get a good deal and let the dealer/saleman make a fair profit. I do this with almost 70% of my customers.
When shopping for a car ask to see the invoice price. Take the MSRP minus the invoice, thats the gross. Divide the gross then add to the invoice. Thats the price you pay. That's the fairest way for both parties.
Here's an example:
EVO X
MSRP: $36,995
-Invoice: $33,200
Gross: $3,795 divide $1,897.50
Invoice: $33,200 + $1,897.50= $35,097.50 <--That's what you pay.
Sorry for venting
http://www.edmunds.com/advice/buying...2/article.html
yea when a car salesman actually is honest or helpful maybe ill think about making sure hes making enough money.
http://www.edmunds.com/advice/buying...2/article.html
http://www.edmunds.com/advice/buying...2/article.html
Thank you. And I don't blame the customer for wanting to get the best price. I mean the car industry created this moster of being able to nego., which created this problem. I believe all cars should be sold as Scion is, "Pure Pricing". One price for the cars and accessories, no nego. It's works out great. When I sell a Scion it's the easiest transaction ever, and the customer is happy too.
I don't think so. There is too much competition between dealerships. The only way it would work is if all the auto manufacturers held a meeting and agreed to revise their franchise contracts with all their dealers to include "Pure Pricing".
"Ignore all the morons in here Bruno. You make good points, but Americans are about self-benefit. Step on others to get ahead. No brotherhood in this country.
"
"
well is hard to blame them... I do not think they dreamed up the dealer mark ups.
Or when you see the price on the MMNA site and when you go into the dealership is two different things. So why the website post numbers? Just make sure , the buyer never be satisfied with the sales man or dealer ship? What is this third party selling anyway? You negotiating someone who has no power to give you price? Or that is just a game? Really the dealership think everybody is a "moron"?
why the west coast get different prices then the east? ETC-ETC-ETC....
So if you guys talking about morons, the dealers should clean up first they back yards, and maybe they will meet less "morons " after all...
"
"
Thank you. And I don't blame the customer for wanting to get the best price. I mean the car industry created this moster of being able to nego., which created this problem. I believe all cars should be sold as Scion is, "Pure Pricing". One price for the cars and accessories, no nego. It's works out great. When I sell a Scion it's the easiest transaction ever, and the customer is happy too.
Or when you see the price on the MMNA site and when you go into the dealership is two different things. So why the website post numbers? Just make sure , the buyer never be satisfied with the sales man or dealer ship? What is this third party selling anyway? You negotiating someone who has no power to give you price? Or that is just a game? Really the dealership think everybody is a "moron"?
why the west coast get different prices then the east? ETC-ETC-ETC....
So if you guys talking about morons, the dealers should clean up first they back yards, and maybe they will meet less "morons " after all...
Newbie
Joined: Sep 2007
Posts: 49
Likes: 0
From: N. CA
Car dealerships aren't a Charity Organization -- they're in the business to make a profit. If you own a dealership and aren't making money, time to get out of it. If you're a car salesman and only making $100 on every car you sell, maybe it's time to get out of that line of work. No one works for free. As a buyer, negotiate your best deal, try to get below invoice pricing, and enjoy the buyer's market conditions right now.
Evolved Member
iTrader: (12)
Joined: Feb 2005
Posts: 1,148
Likes: 4
From: Crooklyn, Ny / Old Bridge, Nj
yeh. Hype is dying around Evo, but dealers still want to charge markups.. Good, we should see some sweet *** deals on new Evos in the near future. Probably in the summer we should see a 0% for 60 months or so.. If that happens, I will probably buy 1 ... hehe
Also who are the buyers of Evos ??? Majority are between 18-30 years old.. $40k + Tax is a lot for a car at that age.
Also who are the buyers of Evos ??? Majority are between 18-30 years old.. $40k + Tax is a lot for a car at that age.
Last edited by letMeIn; Apr 7, 2008 at 02:36 PM.
Newbie
Joined: Oct 2004
Posts: 43
Likes: 0
From: Ventura, CA
I am no car salesman, but I have bought alot of cars. If they can sell below invoice, good, if they can't, well, decide what you want to do. Edmunds had a very detailed undercover story on life as a car salesman. Not all are bad because it is just a job. No offense to anyone here paying under invoice or over invoice. Regardless of what any carsalesman says, I don't believe any of you because you are there to make a profit for you, the dealer and Manufacturer
The days of sleazy car salesmen that rip you off are gone. With the introduction of the internet, invoice pricing available to public, kbb, edmunds, yahoo, msn, nada, their is no way to rip off the costumer or be dishonest.
Hahahahaa!
However, bbybruno, you are absolutely correct that all dealers should have a fixed price period, no negotiating. But that is not the case. Also, there should be no rebate by manufacture becuse that affects our car in the future.
I still remember a true to heart car salesman that told me I could get into a new EVO8 if anthing no payment at all with my down. I had a car that was paid in cash that I had no use for. The trade in was a 2004 Montecarlo that I put on the cover and full story article in Super Chevy Magazine. 14" rotors and, HRE 20 inch wheels, whatever. His heart came out a said he had a great offer as all car saledman say. Trade-in was 12000. Mind you, the car had 4000 miles and was perfect. I left and went to another dealer and he said my cars bluebook was 20000 trade-in. He did not want me to trade it in and said put it in auto trader and come back next week. The floor model will be disounted soon. Car sold in 1 week for 24,000. Went back to the dealer and the car was still there and bought it.
The days of sleazy car salesmen that rip you off are gone!
they should never put it on, on the sticker with pen, the mark up...
Just stupid. Right there is the feeling for the buyers it is a rip off.
Don't you agree?
I agree. A mark up is only for those that have to buy the latest greatest at any cost. They deserve to pay the markup because there are so many people that think they are special since they are the first on the block. Agian, that's how the market is. The people pay dearly in the beginiing, those that wait save. The dealer still made money.
The days of sleazy car salesmen that rip you off are gone. With the introduction of the internet, invoice pricing available to public, kbb, edmunds, yahoo, msn, nada, their is no way to rip off the costumer or be dishonest.
Hahahahaa!
However, bbybruno, you are absolutely correct that all dealers should have a fixed price period, no negotiating. But that is not the case. Also, there should be no rebate by manufacture becuse that affects our car in the future.
I still remember a true to heart car salesman that told me I could get into a new EVO8 if anthing no payment at all with my down. I had a car that was paid in cash that I had no use for. The trade in was a 2004 Montecarlo that I put on the cover and full story article in Super Chevy Magazine. 14" rotors and, HRE 20 inch wheels, whatever. His heart came out a said he had a great offer as all car saledman say. Trade-in was 12000. Mind you, the car had 4000 miles and was perfect. I left and went to another dealer and he said my cars bluebook was 20000 trade-in. He did not want me to trade it in and said put it in auto trader and come back next week. The floor model will be disounted soon. Car sold in 1 week for 24,000. Went back to the dealer and the car was still there and bought it.
The days of sleazy car salesmen that rip you off are gone!
they should never put it on, on the sticker with pen, the mark up...
Just stupid. Right there is the feeling for the buyers it is a rip off.
Don't you agree?
I agree. A mark up is only for those that have to buy the latest greatest at any cost. They deserve to pay the markup because there are so many people that think they are special since they are the first on the block. Agian, that's how the market is. The people pay dearly in the beginiing, those that wait save. The dealer still made money.
Last edited by d didit; Apr 7, 2008 at 02:53 PM. Reason: text
its called Holdvback and its what you can sell below invoice.... but 2% is $620...so thats how much lower you can go below invoice and not lose money.... but technically the holdback is for commisions, cleanup "overhead"
I sell cars all day for below invoice.... what a Honda Ridgeline? I'll do $5000 BELOW invoice with rebates.... but if they truly are selling EVo's for $400 losses then I dont understand that and wonder how they are gaining that back.... finance, add-ons etc...
and as a dealer you cannot "negociate" invoice with the manufacter for whomever said that... lol
If they get 10 evo's a week then maybe they are taking losses to get rid of them...Im doing $500 over invoice on mine and I think thats a pretty fair deal with no hidden charges, cash or finance
Its a great deal if you buying from them and I guess its a different ball game in the west coast vs east coast... but its cool so many people are getting good deals
I sell cars all day for below invoice.... what a Honda Ridgeline? I'll do $5000 BELOW invoice with rebates.... but if they truly are selling EVo's for $400 losses then I dont understand that and wonder how they are gaining that back.... finance, add-ons etc...
and as a dealer you cannot "negociate" invoice with the manufacter for whomever said that... lol
If they get 10 evo's a week then maybe they are taking losses to get rid of them...Im doing $500 over invoice on mine and I think thats a pretty fair deal with no hidden charges, cash or finance
Its a great deal if you buying from them and I guess its a different ball game in the west coast vs east coast... but its cool so many people are getting good deals
Well if its true ,the MR and there for the GSR will come out as 09 in the summer, i dont know what the dealers will do with the 08 's is still sitting in the lot with mark ups...
Might that will be the time to shop around
Just like the STI... the sticker is $36k something. But nobody buys it... /i was at the subi dealer just to check them out/
So when i was about leaving they even hit me with the $31990 price...
So if i actually sit down i might even get to the low $31k.
Everything is worth that much what is the buyer willing to pay. Not a cents more
Might that will be the time to shop around
Just like the STI... the sticker is $36k something. But nobody buys it...
/i was at the subi dealer just to check them out/So when i was about leaving they even hit me with the $31990 price...
So if i actually sit down i might even get to the low $31k.
Everything is worth that much what is the buyer willing to pay. Not a cents more