buying a vehicle in this economy - Kawasaki ZX-10R.net
 
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post #1 of 9 Old 11-08-2011, 07:36 AM Thread Starter
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buying a vehicle in this economy

Some months ago I was prepared to buy a new tacoma, in cash. Thankfully I didn't.
I got the whole 'we only get x amount from a new vehicle' talk. I asked around and the story seemed somewhat legit.
Just recently my friend got a new car (used) and went to a handful of dealers (car was specific) only to have a few hundred knocked off which he ended up settling with.

Is anyone in the car industry? Is this the normal thing or are dealers tight with their money and not trading cars in for enough to leave room for bargaining at resale time?

Vague kind of question, but I want some damn answers.
Was not looking for craigslist junk. I know some deals can be had, but I'm talkinng about dealer stuff, not private sales.
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post #2 of 9 Old 11-08-2011, 07:51 AM
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There's deals out there but might depend a lot on area. My wife just got a new to us Pontiac g6 gt. 2008 w/ 36000 mi. Dealer had it listed for 13900 which according to other dealers and kbb that's the going rate. She ended up getting it for 12200 otd.
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post #3 of 9 Old 11-08-2011, 08:49 AM
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We just bought a 2012 Kia Sportage last month. My wife has a client who is a car salesman and he told her that right now with NEW vehicles its a sellers market. Companies are making less cars so the demand is higher. Salesmen know this and know if they dont get your sale they will probably get the next one. We ended up going to 3 dealerships. The first 2 didnt really give us what we wanted so we walked out. The third worked with us and knocked almost 2 grand off the price.

The other thing he said is when you walk in know what you want. If the salesman feels like your wasting their time they wont be willing to work with you. And they have A LOT of power in the price.

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post #4 of 9 Old 11-08-2011, 01:26 PM
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Quote:
Originally Posted by solar10 View Post
Some months ago I was prepared to buy a new tacoma, in cash. Thankfully I didn't.
I got the whole 'we only get x amount from a new vehicle' talk. I asked around and the story seemed somewhat legit.
Just recently my friend got a new car (used) and went to a handful of dealers (car was specific) only to have a few hundred knocked off which he ended up settling with.

Is anyone in the car industry? Is this the normal thing or are dealers tight with their money and not trading cars in for enough to leave room for bargaining at resale time?

Vague kind of question, but I want some damn answers.
Was not looking for craigslist junk. I know some deals can be had, but I'm talkinng about dealer stuff, not private sales.
"they" claim that prices of used cars are way up and hard to negotiate on because
1.New car sales have been way down the last few years and thus fewer used cars on the market
2.Obamas crush the car program a couple of years back that also took many vehicles off the market.

however I have found that no matter what "they" say you can still cut good deals on cars because the dealers must still cover overhead, flooring costs that cut into profit the longer they sit..and the economy is still way down...

I have been watching a car on a dealers lot for three months...price drops every few weeks...in another month I will go in and make an offer...
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post #5 of 9 Old 11-08-2011, 03:19 PM
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Every one is different. When it comes to buying a NEW vehicle, the best luck I've had is finding the best deal on the internet and then bringing in a copy of that deal to a local dealer and asking if they can beat. Worst case is almost always that they can match it, best case you come out even cheaper. Look around online, there's commonly no-haggle deals like $500 below invoice and such you can find, then just bring that to your dealer. When it comes to new cars, if one dealer can do it, they all can.

As for used vehicles, it all depends on the dealer, the vehicle, the market. I just bought a truck listed for $10,900 at the dealer for $7,300. Of course, that was after several failed attempts at working with other dealers on the price of other trucks. You just have to shop around and try and talk them down to see what you get. Keep saying you're not interested in their price until they let you go out that door, then consider if the price is acceptable.
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post #6 of 9 Old 11-08-2011, 04:03 PM
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Hire an escort to go car buying and have her flirt a wicked sale for you. Nothing like a set of tig ol bitties to get you a deal.

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post #7 of 9 Old 11-08-2011, 04:20 PM
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i have bought 2 new vehicles in the past few years. a 2008 accord coupe, for the wife and recently a 2011 grand cherokee, for the wife. the jeep was a 2011 model bought in oct of 2010, so with it being a new car model i knew there was not a lot of wiggle room. but what has worked for me in the past with all new cars i have bought, even with my dodge ram diesel in '04, i basically picke dout the vehicle i wanted and told them what i was willign to pay per month. and well, i have three new vehicles to show that it works. yeah they play their game of we just cant do that vehicle for that amonunt, or what ever, and they keep coming back until i just tell them, either you want to sell it or not. for example the dodge startd at $750+ per month, i told them i was not payinng more than $500. and after about 45 minutes of him walking back and forth doing his BS, i walked out with a $42k+ truck fro $506 per month with GAP insc. same thing on the honda and the jeep. i make them wortk their end of the numbers to make the deal work. i never come out of pocket mroe than a couple thousand down. the dodge i put down 1k im thinking (been a while) the honda was not more than 1500 and the jeep i think 2k. interest rate on the jeep is right at 3% so im good with that. i dont look at the sticker price, i want to know what its gonna cost me per month. not sure if that helps or not...i also usually try to deal directly with the sales manager, that helps speed things up. i think i was at the jeep place for about 1.5 hrs when we bought it, thats including the test drive.

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post #8 of 9 Old 11-08-2011, 04:44 PM
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I have been eyen a Truck on a lot here. Its a 2010 Ford F250 and they had it for $25,991 as suggested retail and marked down to $17,944, I looked at the same truck today on the same sale add and they have it as $19,444. What gives with that any one have a clue? I thought it went down not up?
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post #9 of 9 Old 11-08-2011, 06:06 PM Thread Starter
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I was planning to buy it outright on the spot.
I told them i was paying x amount out the door, and they would knock of $600 only. something like that.
so i walked. in hindsight me not buying that truck was a great move, i bought a far cheaper truck ($10,000 less), private sale.
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