Buying a new car?

[SNOT]

Getting ready to go car shopping for the wife, anybody got any tips / strategies / secrets when buying from a dealership? Best way to get them to come off the sticker?

[eSJay]

Depends on the car you choose really. If it's a hot seller, the wiggle room is less.
I've always heard to car shop at the end of the month, but have no data to back up the accuracy.

Do your research before stepping foot on a lot!

If they ask "what would you like your note to be".........don't answer!!!

Won't hurt to ask for a "loyalty" discount if you're buying the same brand that you own now.
If not, ask for the "conquest" discount. This comes from the car maker & the dealer gets it if you don't ask.

Know whether to choose the rebate or the financing discount. Choose the Rebate if you are going to pay off in 3 years. Take the good rate if you plan to make payments longer than 3 years. This is not completely black & white. Might have to do the math.

If trading in, keep those transactions separate. Know what your trade in is worth & stand firm on what you will take.


Also stand firm on your offer & be prepared to walk away if they don't accept your offer. The same car can be bought from many places.

That's all I have. Good luck. I'd rather buy a house than a car!

[LawDawg]

don't buy from a dealer. buy from an auction. there are several people in town that charge a flat rate. you cut out the middle man and I saved 4-5k per car.

[teul2]

don't buy from a dealer. buy from an auction. there are several people in town that charge a flat rate. you cut out the middle man and I saved 4-5k per car.

You can buy new trucks from auction?

[donia]

You can buy new program cars, yes...brand new off the lot, no....and anything p.i.t.a. that crops up is still worth it. More vehicle for the money and somebody else takes the butt kickin' of "driving it off the lot" depreciation.
you tell them exactly what you want and what your budget is. they send you lists from their multi-auction sites, you see one of interest they send you more details and pics. it can be a quick, harried process once you hone in on a vehicle, but well worth it.

[stang67]

How does one locate an auction buyer in their area?

[SNOT]

Depends on the car you choose really. If it's a hot seller, the wiggle room is less.
I've always heard to car shop at the end of the month, but have no data to back up the accuracy.

Do your research before stepping foot on a lot!

If they ask "what would you like your note to be".........don't answer!!!

Won't hurt to ask for a "loyalty" discount if you're buying the same brand that you own now.
If not, ask for the "conquest" discount. This comes from the car maker & the dealer gets it if you don't ask.

Know whether to choose the rebate or the financing discount. Choose the Rebate if you are going to pay off in 3 years. Take the good rate if you plan to make payments longer than 3 years. This is not completely black & white. Might have to do the math.

If trading in, keep those transactions separate. Know what your trade in is worth & stand firm on what you will take.


Also stand firm on your offer & be prepared to walk away if they don't accept your offer. The same car can be bought from many places.

That's all I have. Good luck. I'd rather buy a house than a car!

Thanks for the info man. One question, any idea how much that conquest rate is? I'm guessing it's a percentage of the sell price?

[SNOT]

don't buy from a dealer. buy from an auction. there are several people in town that charge a flat rate. you cut out the middle man and I saved 4-5k per car.

I'd be all about going that route. Can you pass a brother on some contact info?

[lilwhitelie]

My best advice is decide exactly what you want car wise with exactly the accessories etc then go online and buy it outa state. I will never buy another vehicle in ms. I have saved a ton of money doing this. You may not can buy brand new but get a barely used vehicle delivered for a big savings. I first found this out when my wife wanted an FX infinity. The infinity dealership wouldn't budge on price. Got a newer model with less miles for almost 5 k less. Bout my tundra out of Texas and got my stepson a Tacoma out of texas as well. Far more to choose from so the prices are much less plus they live of positive feedback with online sales now so they can't jerk you around and the price online is usually the bottom line price within a few hundred bucks so no haggling.

[RedEyed Duck]

Snot,

I'm not gonna tell ya I have the master plan but I'll tell ya what has worked for me when buying from the dealer. Do your research and know what you are willing to pay and what you want in return. I always secure my own financing, which sucks for the finance guy but works best for me. I tell the salesman my offer and let him know that he can either accept it or reject it. I know this means a trip to the manager or general manager but I'm either buying or leaving in 30 minutes or less.

I also know that they don't sell a vehicle unless it makes sense to them. I have bought several vehicles this way. I paid what I wanted to pay and they made what money they needed to make. I don't know how the dealer views this strategy but I have to feel like it's win, win or they wouldn't sell. Best of luck and hope you pay a price that you're happy with after the sale.

[RIP EM]

Do what RE Duck says.... but do it the last 2 or 3 days of the month!

Dealerships are more willing to bargain.... to help their monthly sales figures!

Rip Em !

[Deltaquack]

Do what RE Duck says.... but do it the last 2 or 3 days of the month!

Dealerships are more willing to bargain.... to help their monthly sales figures!

Rip Em !

I was just in a conversation about this yesterday concerning a car salesman with my banker b/c we were picking up a jeep. He was explaining how they make their money. They are more willing to deal near the end of a month and end of a year, b/c they get paid bonuses on volume monthly and yearly....some even quarterly. They also get commission on percentage of profit. So, the GM is not going to let the salesman do the deal unless the dealership banks a profit and he's the one that knows what they have in it plus what the current rebates and incentives are. The salesman is trying to get the most profit he can b/c his paycheck will reflect it........but at the end of the month he's more worried about his overrides/quota bonus. So, early in the month he's trying to get that high commission, later in the month he's trying to get more of them out the door to get his numbers up. Unless you get ahold of a salesman that's been killing it all month........then you may be SOL, and walk away.

If you look at any used vehicles.........pull up an App called "Vinny". It'll let you scan the barcode that's usually just inside the driver's door. It'll tell you the average prices that that particular vehicle would sell for at auction. You can play with the bars to correct for mileage and aftermarket stuff. The dealers that buy from auctions use that app a lot while they are there purchasing them.

[RIP EM]

ONE MORE THING....May is the worst month to buy!

Due mainly to all the kids graduating, and getting new cars to travel to college!
Most salesmen have reached their quota, and therefore are not "as willing" to come off the price!

Rip Em !

[Smoke68]

I know it's been discussed in a previous thread, but the wise thing to do is buy a used car. That is unless you have enough money not to really care.

[SNOT]

Snot,

I'm not gonna tell ya I have the master plan but I'll tell ya what has worked for me when buying from the dealer. Do your research and know what you are willing to pay and what you want in return. I always secure my own financing, which sucks for the finance guy but works best for me. I tell the salesman my offer and let him know that he can either accept it or reject it. I know this means a trip to the manager or general manager but I'm either buying or leaving in 30 minutes or less.

I also know that they don't sell a vehicle unless it makes sense to them. I have bought several vehicles this way. I paid what I wanted to pay and they made what money they needed to make. I don't know how the dealer views this strategy but I have to feel like it's win, win or they wouldn't sell. Best of luck and hope you pay a price that you're happy with after the sale.

Sounds like you've got the process down - I like the way you do it, no BS - take it or leave it.