View Full Version : Buying new cars
handinpants
05-15-2011, 07:57 PM
If anyone has any questions about buying a new car from a dealership, feel free to ask me, especially about hyundai I just thought i would throw it out there, I work at LAX Hyundai in Inglewood, and can help people with common questions
whats_a_sr20
05-16-2011, 12:43 AM
but like what can you help him with????? i actually have a friend that want to buy a hyundai ill ask him if he needs pointers.....
RPSil13
05-16-2011, 09:04 PM
is it worth it to do a trade in? i usually hear people say the dealership lowballs on the value, any insight?
im interested in trading in my 07 yaris and getting a genesis
thanks
Art
aznfab213
05-16-2011, 11:39 PM
is it worth it to do a trade in? i usually hear people say the dealership lowballs on the value, any insight?
im interested in trading in my 07 yaris and getting a genesis
thanks
Arttrade in are not worth it. It is something that should only be done if you are desperate. They will lowball you very bad so that they can make a big profit...
s14canyoncity
05-17-2011, 02:20 AM
trade in are not worth it. It is something that should only be done if you are desperate. They will lowball you very bad so that they can make a big profit...
with the current economy, more dealers are willing to work with you just to move inventory. also you really have to know how to talk to the sales person and some what know the game.
also cash talks ...or find a bank or credit union willing to give you a loan ahead of time.
when i traded in my 05 G35 2 years ago for a Toyota FJ Cruiser.
what i did was find a credit union that was willing to give me a loan, got a letter from them on how much there willing to lend me. i carried this letter to the dealer, wrote down how much i want for my G35 and how much i wanted to buy the FJ for. after going to 4 different dealers one actually committed to my offer.
0 down
19k for my G35 as a trade in (still owe 22500)
19k and some change for the FJ (private seller value at that time)
Even got the dealer for a free engine, diff, trans, transfer case oil change)
All in all came out to 19k for the car plus whatever was left on the G35 loan + tax and license .... this was a good deal to me cause nothing came out of my pocket, just adding few more months to my current payments.
If the dealer is not willing to work with you or even attempt to meet you close to payments or amount you want the car for just walk away fuck them it's there lost. also always check the paper work before you sign there mite be hidden fees.
mgs_snake01
05-17-2011, 02:28 AM
i would of keep the g35 over that car
s14canyoncity
05-17-2011, 02:51 AM
i would of keep the g35 over that car
yeah i would have been nice to have an s14 and G35 but needed an SUV/Truck.
godrifttoday
05-17-2011, 03:32 AM
New is over rated... Buy used save money... Get loan from bank ,buy the car cash from private seller . = u being satisfied...
JeKyL
05-18-2011, 03:03 AM
It's best to go in being on game I used to sell subies, anytime I go to a dealership for friends or family I usually go in nonchalant just go with the flow keep mouth shut let them do a quick presentation however beat the salesman into jumping into the car and messing with gadgets, let them sit passenger so you show that your assertive and let them know your in control, but don't give the impression of being rude let them talk, go for the test drive show assertiveness yet don't be aggressive, upon return tell the salesman to go hit the numbers don't let them tell you and do so only if you like the car, from the moment you step in the dealer do not throw a number never do this until you do numbers, you should already have gone on the manufacturers website and done your homework on msrp and incentives, usually they try to hit you with the low monthly payments bs, remember buying a car consist of the total otd price and don't forget apr, they'll always tell you to run your credit don't talk numbers until you have your credit report, its always best to bring your own copy incase there are any discrepancies with their copy and also know your fico that way if your considered tier 1(750 and above established credit) your most likely eligible for all the good incentives such as low Apr and 0 down which the sales person might not tell you, don't let them sucker you into a seemingly low monthly payment, fight for otd and apr which is what determines your monthly so if you get those low enough you can determine your own price, generally calculate 11% for fees, better yet use the payment calculators on the websites and remember the totals, use incentives to your advantage. If the dealers are sharks and tell you its impossible then that's bs and don't trust their kbb value printouts but don't be ridiculous when you haggle on price say a car msrp is 30,000 try to do 26,500 otd you might not get it but you can come close and if they don't want to work with you go to another dealer, remember with good credit anything is possible and its your show the banks want you, if your in the 600-700 range try to haggle on price but don't get overzealous on low interest cus you might not get it but 6.9-9.9 is your field, remember used cars have higher interest rates so its really what you qualify for this is best by going to a credit union or bank and getting preapproved instead of playing with the dealers banks, however they might offer something better so still be open to what they got regardless their gona ask for credit check to verify you are who you say your are and don't have a bogus identity, dealers are legal thieves so they abide by the law :) even if you go in with cash unless they don't care to risk themselves, as for trade in they will low ball you they will get you at kbb trade in prices and even lower they pretty much try to pay what they pay at auction or slightly more, be firm on your trade don't let them jerk you but remember their in for profit so don't go asking for private party value say your car is worth 10,000 retail kbb then try to get 6500-7000 and be firm tell them that your trade in value will make or break the deal and if there's room for profit they probably budge also consider that your car is cosmetically clean and is worth what your asking if you have service records they really don't raise the value but it will be a bartering tool for you to sell the dealee into thinking your car is worth what your asking cus its been maintained and looks clean. Depending on the dealership there will be closers if they don't then you will have a second salesmans or actual sales manager approach you to close the deal, closers are generally senior salesman or a regular salesman if there are no set closers, they will usually come in if you play numbers they will try to tell you what you want is impossible and what they say is, their the knew that will come in and either be firm on what the salesperson offered you or come in and try to offer less so you think your getting a good deal, as I said before if you do your homework you'll have a good idea of what you qualify for and what true numbers you can get, so remember do research before you head to a dealer, also keep in mind try to find internet sales deals and if you really get in touch with internet sales you'll have a better chance at haggling
handinpants
05-20-2011, 12:35 PM
well I am in sales, and no i wouldnt recommend you trade in your car, i think you should sell it, because cash seems to be a better form of down payment, well you can always trade it, but you will get something around the wholesale value of the car. they still use kelly blue book, but they use their wholesale guide, because the dealer has to put in work to make your car road worthy, sometimes they have to put new tires, new body panels, half the time people who come to our dealership, they trade in nice good cars and we give them top dollar, it all depends on the car in question for trade.
but we do have some really good deals on new and used genesis' at my dealership.
shoot me a line (310) 713-7101 -steve
It's best to go in being on game I used to sell subies, anytime I go to a dealership for friends or family I usually go in nonchalant just go with the flow keep mouth shut let them do a quick presentation however beat the salesman into jumping into the car and messing with gadgets, let them sit passenger so you show that your assertive and let them know your in control, but don't give the impression of being rude let them talk, go for the test drive show assertiveness yet don't be aggressive, upon return tell the salesman to go hit the numbers don't let them tell you and do so only if you like the car, from the moment you step in the dealer do not throw a number never do this until you do numbers, you should already have gone on the manufacturers website and done your homework on msrp and incentives, usually they try to hit you with the low monthly payments bs, remember buying a car consist of the total otd price and don't forget apr, they'll always tell you to run your credit don't talk numbers until you have your credit report, its always best to bring your own copy incase there are any discrepancies with their copy and also know your fico that way if your considered tier 1(750 and above established credit) your most likely eligible for all the good incentives such as low Apr and 0 down which the sales person might not tell you, don't let them sucker you into a seemingly low monthly payment, fight for otd and apr which is what determines your monthly so if you get those low enough you can determine your own price, generally calculate 11% for fees, better yet use the payment calculators on the websites and remember the totals, use incentives to your advantage. If the dealers are sharks and tell you its impossible then that's bs and don't trust their kbb value printouts but don't be ridiculous when you haggle on price say a car msrp is 30,000 try to do 26,500 otd you might not get it but you can come close and if they don't want to work with you go to another dealer, remember with good credit anything is possible and its your show the banks want you, if your in the 600-700 range try to haggle on price but don't get overzealous on low interest cus you might not get it but 6.9-9.9 is your field, remember used cars have higher interest rates so its really what you qualify for this is best by going to a credit union or bank and getting preapproved instead of playing with the dealers banks, however they might offer something better so still be open to what they got regardless their gona ask for credit check to verify you are who you say your are and don't have a bogus identity, dealers are legal thieves so they abide by the law :) even if you go in with cash unless they don't care to risk themselves, as for trade in they will low ball you they will get you at kbb trade in prices and even lower they pretty much try to pay what they pay at auction or slightly more, be firm on your trade don't let them jerk you but remember their in for profit so don't go asking for private party value say your car is worth 10,000 retail kbb then try to get 6500-7000 and be firm tell them that your trade in value will make or break the deal and if there's room for profit they probably budge also consider that your car is cosmetically clean and is worth what your asking if you have service records they really don't raise the value but it will be a bartering tool for you to sell the dealee into thinking your car is worth what your asking cus its been maintained and looks clean. Depending on the dealership there will be closers if they don't then you will have a second salesmans or actual sales manager approach you to close the deal, closers are generally senior salesman or a regular salesman if there are no set closers, they will usually come in if you play numbers they will try to tell you what you want is impossible and what they say is, their the knew that will come in and either be firm on what the salesperson offered you or come in and try to offer less so you think your getting a good deal, as I said before if you do your homework you'll have a good idea of what you qualify for and what true numbers you can get, so remember do research before you head to a dealer, also keep in mind try to find internet sales deals and if you really get in touch with internet sales you'll have a better chance at haggling
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