Quantcast
Odd dealership ad wording - Page 3 - Beyond.ca - Car Forums
Page 3 of 3 FirstFirst ... 2 3
Results 41 to 57 of 57

Thread: Odd dealership ad wording

  1. #41
    Join Date
    May 2004
    Location
    Calgary, Canada
    My Ride
    958.2 Cayenne Diesel
    Posts
    2,052
    Rep Power
    24

    Default

    Quote Originally Posted by muse017 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Can you take the finance deal and then just pay the loan off next day? Of Course I'd grind down the price a bit more as well.
    This was the part that they were really shady on. They said, technically I could, but would prefer that I keep it for 6 months. Since they didn't really feel confident of the approach I didn't want to deal with it.

    Quote Originally Posted by JordanEG6 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    From a revenue perspective, cash buyers make the dealer almost no money. From anyone's experience, do dealerships sneak in weird BS fees and hidden costs on the final price of the car to make up part of what'd they'd lose on a finance deal? I've heard of dealerships in the US that do this.
    So, unless a dealership is being sleazy like my experience, is it better to walk in essentially keep it ambiguous on how you want to pay until the numbers are finalized?
    Originally posted by arian_ma
    your stomach is full of sulfuric acid

  2. #42
    Join Date
    Aug 2003
    Location
    Calgary
    My Ride
    YH2/FK8
    Posts
    1,956
    Rep Power
    24

    Default

    Quote Originally Posted by Neil4Speed View Post
    This quote is hidden because you are ignoring this member. Show Quote
    So, unless a dealership is being sleazy like my experience, is it better to walk in essentially keep it ambiguous on how you want to pay until the numbers are finalized?
    I thought about this in getting sales to give me the bottom line first (final price, fees + tax in), while being ambiguous on how I want to pay and not saying anything until they move me to the Finance dept., but then I am afraid that an experienced salesman may see this tactic coming and it may not work out in my favor.
    SneakerFiles.com | Blog | Team AM Fam

    1993 Honda Civic CX (B16A2) - 2002-2005
    1992 Honda Civic Si (K20A2) - 2006-2008
    2008 BMW 335i - 2008-2013
    2008 Honda Element EX AWD - 2013-Current
    2021 Honda Civic Type R LE - 2021-Current

  3. #43
    Join Date
    Jun 2005
    Location
    Calgary, Alberta
    My Ride
    '05 Subaru LGT wagon (5MT)
    Posts
    242
    Rep Power
    0

    Default

    Quote Originally Posted by JordanEG6 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I thought about this in getting sales to give me the bottom line first (final price, fees + tax in), while being ambiguous on how I want to pay and not saying anything until they move me to the Finance dept., but then I am afraid that an experienced salesman may see this tactic coming and it may not work out in my favor.
    I think they are going to push pretty hard for an answer about financing with them or a third party before they start negotiating on price. I think the best way is to say you are leaning toward in house financing and then change your mind later after negotiations. Then you aren't telling them you are committed to one way or the other and they shouldn't get mad if you choose not to finance in house.

    I guess another way to avoid finance fees would be to use the Beyond route and HELOC that shit. Not having a line of credit, I don't actually know how to pay for something with a HELOC/LOC. I need to ask my wife, that's how she pays for school.

  4. #44
    Join Date
    Sep 2004
    Location
    Calgary
    Posts
    10,406
    Rep Power
    35

    Default

    IMO what you generally want to do is:

    1) Get the dealer to show you their cost. If they won't, find a new dealership or salesperson. You can get it yourself for ~$30, so them not showing you is just a slap in the face. Most dealers have CarCostCanada subscriptions as well so it doesn't even cost them anything, and that way you see the number from a third party (CCC) rather than one of their internal documents which they could potentially play games with.
    2) Negotiate a fair profit with full transparency. Often this is something like $500 for cheaper vehicles, $1000 for more expensive ones and so on. It's not an exact science. I know that wont apply to every scenario, but for most "normal" cars it should.
    3) Then, tell them how you want to pay. Sometimes there are specific incentives for leases vs finance or whatever, so you will need to take that into consideration, but you should be able to get that information beforehand easily anyway to make your decision.
    4) Do not pay any admin fees, glass etching fees, "security" fees, "doc" fees, etc. 100% money grab. If they need to have that fee on the invoice because reasons, it comes out of their side and they can deal with the number juggling. The best dealerships don't even have these fees to begin with because more and more customers these days realize they are complete BS.

    That's just what has always worked for me regardless of brand, I know everyone likes to deal a little differently but full transparency is my preferred method and I think most dealers will play ball if they know they're getting the sale.

  5. #45
    Join Date
    Oct 2006
    Location
    Parked in Baygirl's garage.
    My Ride
    '21 F150 PowerBoost
    Posts
    4,592
    Rep Power
    29

    Default

    Quote Originally Posted by Gman.45 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    The word went out at the start of the Covid thing - that's what they told my father anyhow. He's been at the same bank for nearly 20 years now since he retired/medicaled out from being LE. He decided he wanted 10k cash at home just in case. The bank flat out refused at first, the teller at the counter did, then the manager came out and asked him why he wanted it, and then told him it was safer "in the bank anyway". He argued, a lot, she eventually gave him $3k and said that was the limit. He called the customer service line and told them what happened, and he had to get them to force the branch manager to give him $10k, which took a couple days (understandable, and that used to be the policy, you could order in as much as you wanted, but it would just take a few biz days to get it in). Stupid, but that's what they've been doing in my father's city in SK at least.
    The reasons for this is 2 fold. 1, it is a security measure. Banks keep minimal physical cash in the branch in the case of a robbery. It also helps to keep their insurance costs lower. And 2, it prevents a run on banks. If something happens they are not aware about and people panic and a bunch of people try to withdraw their savings...well, things get ugly quick. So SOP is notify the bank you want to make a large withdraw, and they will arrange it. They place an order from their depot or whatever, and a secuirty truck will deliver it to the branch just before you pick it up.
    Boosted life tip #329
    Girlfriends cost money
    Turbos cost money
    Both make whining noises
    Make the smart choice.

    Originally posted by Mibz
    Always a fucking awful experience seeing spikers. Extra awful when he laps me.

  6. #46
    Join Date
    Aug 2011
    Location
    Calgary
    My Ride
    M3P
    Posts
    569
    Rep Power
    16

    Default

    I've been noticing a some dealer ads for cars with a cash price significantly lower than a financed price. I saw an ad for a Kia Stinger it was $52,000, when you hover over the price it said something like $4000 Cash incentive. To finance the vehicle the price was $4000 more however they were offering 0% financing. They weren't even trying to push towards a loan with their lender with an interest rate so I found it confusing that there would be such a variance in price with no incentive.

  7. #47
    Join Date
    May 2006
    Location
    Only 15min from Aspen!
    My Ride
    Nothing interesting anymore
    Posts
    8,406
    Rep Power
    100

    Default

    Quote Originally Posted by spikerS View Post
    This quote is hidden because you are ignoring this member. Show Quote
    . So SOP is notify the bank you want to make a large withdraw, and they will arrange it. They place an order from their depot or whatever, and a secuirty truck will deliver it to the branch just before you pick it up.
    Or do what we did. Took $1000g out of the bank machine each day for a week.

  8. #48
    Join Date
    Jan 2006
    Location
    Calgary
    My Ride
    Axis powers
    Posts
    2,486
    Rep Power
    24

    Default

    Quote Originally Posted by Tik-Tok View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Or do what we did. Took $1000g out of the bank machine each day for a week.
    Whoa... Do atms even have that kind of money?

    So reading this thread, if you get a bank loan from your bank instead of say a go auto loan, they won’t sell you the vehicle cause you didn’t finance through them
    Sig nuked by mod.

  9. #49
    Join Date
    May 2006
    Location
    Only 15min from Aspen!
    My Ride
    Nothing interesting anymore
    Posts
    8,406
    Rep Power
    100

    Default

    Quote Originally Posted by adam c View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Whoa... Do atms even have that kind of money?

    So reading this thread, if you get a bank loan from your bank instead of say a go auto loan, they won’t sell you the vehicle cause you didn’t finance through them
    Lol, obviously meant $1g

    To the second point, this is probably where a lot of "oh sorry, there was a miscommunication and another salesman already sold that car even though you left a deposit" comes from.
    Last edited by Tik-Tok; 08-20-2020 at 05:32 PM.

  10. #50
    Join Date
    Mar 2006
    Location
    Calgary
    My Ride
    Cayenne S, 335i Cab
    Posts
    800
    Rep Power
    21

    Default

    Am I interpreting this thread correctly ? Say if I go to a dealer and they have a car that I want (new or used), but their finance rate is 4.99%. I cant cut them a bank draft from my HELOC to buy it since the rare is 2
    99%? They might consider this a "cash deal" and potentially decline the sale?

  11. #51
    Join Date
    Mar 2009
    Location
    Calgary
    My Ride
    Silverado
    Posts
    3,090
    Rep Power
    47

    Default

    Quote Originally Posted by hurrdurr View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I've been noticing a some dealer ads for cars with a cash price significantly lower than a financed price. I saw an ad for a Kia Stinger it was $52,000, when you hover over the price it said something like $4000 Cash incentive. To finance the vehicle the price was $4000 more however they were offering 0% financing. They weren't even trying to push towards a loan with their lender with an interest rate so I found it confusing that there would be such a variance in price with no incentive.
    Thats the cost of financing and there should be rules of hiding interest rates like that

  12. #52
    Join Date
    Aug 2011
    Location
    Calgary
    My Ride
    M3P
    Posts
    569
    Rep Power
    16

    Default

    Quote Originally Posted by dirtsniffer View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Thats the cost of financing and there should be rules of hiding interest rates like that
    What am I missing if the interest rate is 0%?

  13. #53
    Join Date
    Mar 2005
    Location
    Foothills County
    My Ride
    is faster than yours
    Posts
    1,247
    Rep Power
    33

    Default

    Quote Originally Posted by hurrdurr View Post
    This quote is hidden because you are ignoring this member. Show Quote
    What am I missing if the interest rate is 0%?
    0% plus $4,000 cost to finance versus paying cash. So your financing costs are much higher than 0%.

  14. #54
    Join Date
    Sep 2004
    Location
    Calgary
    Posts
    10,406
    Rep Power
    35

    Default

    Quote Originally Posted by hurrdurr View Post
    This quote is hidden because you are ignoring this member. Show Quote
    What am I missing if the interest rate is 0%?
    They inflate the purchase price by the same or more dollar amount they would have made by financing you the car at say, 3% at a lower purchase price. That is one reason why you don't tell them what you want to do before you negotiate a sale price, but some dealers are extremely shady.

  15. #55
    Join Date
    Sep 2016
    Location
    Calgary, Ab
    My Ride
    2021 Zonda CRV
    Posts
    1,008
    Rep Power
    18

    Default

    0% is only on new cars.
    Example 0% financing on a new 40k SUV. Or 3-8% on a vehicle that 3 years old at 28k.

  16. #56
    Join Date
    Sep 2004
    Location
    Calgary
    Posts
    10,406
    Rep Power
    35

    Default

    Quote Originally Posted by tonytiger55 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    0% is only on new cars.
    Example 0% financing on a new 40k SUV. Or 3-8% on a vehicle that 3 years old at 28k.
    You can sometimes finance used cars at 0%, but with used they have even more of a"black box" to work with on pricing, so they make all the same money off you anyway as if you had financed it - you just pay it upfront.

  17. #57
    Join Date
    Jan 2004
    Location
    MooooooO
    My Ride
    AWD grandpa wagon
    Posts
    2,294
    Rep Power
    23

    Default

    Also, some lenders will give you the option to buy down the rates with more down.

Page 3 of 3 FirstFirst ... 2 3

Similar Threads

  1. Found An Odd Spider, Questions

    By GorG in forum General
    Replies: 44
    Latest Threads: 07-29-2004, 01:40 PM
  2. interview wording/dress advise

    By bighead2267 in forum Careers
    Replies: 9
    Latest Threads: 06-19-2004, 10:51 AM
  3. odd noise, very scared :(

    By boostless in forum Mechanical
    Replies: 2
    Latest Threads: 03-28-2004, 11:19 PM
  4. Spotted odd looking cav...

    By GT2NV in forum Street Encounters
    Replies: 35
    Latest Threads: 10-07-2002, 11:37 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •