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  3. The Car-buying thread on Reddit

The Car-buying thread on Reddit

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  • X Offline
    X Offline
    xenon
    wrote on last edited by xenon
    #11

    Unless you're going for a specific, scarce model / trim, I do the same thing others here have mentioned.

    Get quotes from 5 dealers through the internet. Do a merry go round with the lowest offer through the other dealers. Should get reasonably close to a minimum margin.

    It's also a pretty low effort sale if you show up ready to sign the papers.

    I'd also gladly pay a few hundred extra dollars than doing the half-day dance between the sales guy and his manager's office.

    jon-nycJ 1 Reply Last reply
    • KlausK Klaus

      I've never bought a car at a dealership for that reason.

      I bought a few new cars, but I bought them online, with no negotiations about anything. They offer a prize X for a specified car and I pay X or don't buy the car. Very simple and transparent. That's how I want to conduct business. There's no reason why buying a car has to be more complicated than ordering a USB cable on Amazon.

      Tesla with their direct sales business seem to go in that direction, too. I like that. The whole "dealer network" concept is outdated, in my opinion.

      Catseye3C Offline
      Catseye3C Offline
      Catseye3
      wrote on last edited by
      #12

      @klaus said in The Car-buying thread on Reddit:

      I bought a few new cars, but I bought them online, with no negotiations about anything. They offer a prize X for a specified car and I pay X or don't buy the car. Very simple and transparent. That's how I want to conduct business. There's no reason why buying a car has to be more complicated than ordering a USB cable on Amazon.

      Klaus, I love this. Bookmarking it for when I'm ready to go that route.

      I take it various extras are offered for X extra, so you can build your package? Yes on heater, no on AC and so on?

      Do any of these places make used cars available this way? (I understand you could get rooked, but I'm still curious.)

      Success is measured by your discipline and inner peace. – Mike Ditka

      KlausK 1 Reply Last reply
      • MikM Away
        MikM Away
        Mik
        wrote on last edited by
        #13

        I generally decide on what is a fair price for the vehicle I want, then shop. I offer a check for that amount + tax and that's it. Not a dollar more. The dealer has two possibilities, yes or no. If it is anything other than yes I walk.

        Last time when I bought my Murano it was a little different because I went to look at a used model. I liked it OK but it was the end of the month and he offered me a smoking deal on a new one. I could not resist - it was the model I really wanted, the Platinum edition.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

        George KG 1 Reply Last reply
        • MikM Mik

          I generally decide on what is a fair price for the vehicle I want, then shop. I offer a check for that amount + tax and that's it. Not a dollar more. The dealer has two possibilities, yes or no. If it is anything other than yes I walk.

          Last time when I bought my Murano it was a little different because I went to look at a used model. I liked it OK but it was the end of the month and he offered me a smoking deal on a new one. I could not resist - it was the model I really wanted, the Platinum edition.

          George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #14

          @mik said in The Car-buying thread on Reddit:

          I generally decide on what is a fair price for the vehicle I want

          On what do you base your opinion of what's a "fair price?"

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          MikM 1 Reply Last reply
          • X xenon

            Unless you're going for a specific, scarce model / trim, I do the same thing others here have mentioned.

            Get quotes from 5 dealers through the internet. Do a merry go round with the lowest offer through the other dealers. Should get reasonably close to a minimum margin.

            It's also a pretty low effort sale if you show up ready to sign the papers.

            I'd also gladly pay a few hundred extra dollars than doing the half-day dance between the sales guy and his manager's office.

            jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote on last edited by
            #15

            @xenon said in The Car-buying thread on Reddit:

            Get quotes from 5 dealers through the internet. Do a merry go round with the lowest offer through the other dealers. Should get reasonably close to a minimum margin.

            I don't shop the lowest offer back to the group. I tell them upfront I won't do that so they'll give me their best price and not hold back.

            "You never know what worse luck your bad luck has saved you from."
            -Cormac McCarthy

            George KG 1 Reply Last reply
            • jon-nycJ jon-nyc

              @xenon said in The Car-buying thread on Reddit:

              Get quotes from 5 dealers through the internet. Do a merry go round with the lowest offer through the other dealers. Should get reasonably close to a minimum margin.

              I don't shop the lowest offer back to the group. I tell them upfront I won't do that so they'll give me their best price and not hold back.

              George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #16

              @jon-nyc said in The Car-buying thread on Reddit:

              I don't shop the lowest offer back to the group. I tell them upfront I won't do that so they'll give me their best price and not hold back.

              Actually a good strategy (but, you're the money guy, right?).

              "Not gonna make you compete, so what's your best offer?"

              Right?

              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

              jon-nycJ 1 Reply Last reply
              • George KG George K

                @jon-nyc said in The Car-buying thread on Reddit:

                I don't shop the lowest offer back to the group. I tell them upfront I won't do that so they'll give me their best price and not hold back.

                Actually a good strategy (but, you're the money guy, right?).

                "Not gonna make you compete, so what's your best offer?"

                Right?

                jon-nycJ Online
                jon-nycJ Online
                jon-nyc
                wrote on last edited by
                #17

                @george-k said in The Car-buying thread on Reddit:

                @jon-nyc said in The Car-buying thread on Reddit:

                I don't shop the lowest offer back to the group. I tell them upfront I won't do that so they'll give me their best price and not hold back.

                Actually a good strategy (but, you're the money guy, right?).

                "Not gonna make you compete, so what's your best offer?"

                Right?

                I want to encourage them to make their best offer and also let them know they won't have a second chance.

                "You never know what worse luck your bad luck has saved you from."
                -Cormac McCarthy

                1 Reply Last reply
                • George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #18

                  Somewhere, I read that the dealerships make precious little money on sales of cars. Often less than $500.

                  The money is in service.

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  1 Reply Last reply
                  • George KG George K

                    @mik said in The Car-buying thread on Reddit:

                    I generally decide on what is a fair price for the vehicle I want

                    On what do you base your opinion of what's a "fair price?"

                    MikM Away
                    MikM Away
                    Mik
                    wrote on last edited by
                    #19

                    @george-k said in The Car-buying thread on Reddit:

                    @mik said in The Car-buying thread on Reddit:

                    I generally decide on what is a fair price for the vehicle I want

                    On what do you base your opinion of what's a "fair price?"

                    Research. KBB, other sites.

                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                    George KG 1 Reply Last reply
                    • MikM Mik

                      @george-k said in The Car-buying thread on Reddit:

                      @mik said in The Car-buying thread on Reddit:

                      I generally decide on what is a fair price for the vehicle I want

                      On what do you base your opinion of what's a "fair price?"

                      Research. KBB, other sites.

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #20

                      @mik said in The Car-buying thread on Reddit:

                      Research. KBB, other sites.

                      Been there, and done that. I was wondering if you had additional insights.

                      TrueCar (which you can access through a TON of other services is good too).

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      1 Reply Last reply
                      • Catseye3C Catseye3

                        @klaus said in The Car-buying thread on Reddit:

                        I bought a few new cars, but I bought them online, with no negotiations about anything. They offer a prize X for a specified car and I pay X or don't buy the car. Very simple and transparent. That's how I want to conduct business. There's no reason why buying a car has to be more complicated than ordering a USB cable on Amazon.

                        Klaus, I love this. Bookmarking it for when I'm ready to go that route.

                        I take it various extras are offered for X extra, so you can build your package? Yes on heater, no on AC and so on?

                        Do any of these places make used cars available this way? (I understand you could get rooked, but I'm still curious.)

                        KlausK Offline
                        KlausK Offline
                        Klaus
                        wrote on last edited by
                        #21

                        @catseye3 said in The Car-buying thread on Reddit:

                        @klaus said in The Car-buying thread on Reddit:

                        I bought a few new cars, but I bought them online, with no negotiations about anything. They offer a prize X for a specified car and I pay X or don't buy the car. Very simple and transparent. That's how I want to conduct business. There's no reason why buying a car has to be more complicated than ordering a USB cable on Amazon.

                        Klaus, I love this. Bookmarking it for when I'm ready to go that route.

                        I take it various extras are offered for X extra, so you can build your package? Yes on heater, no on AC and so on?

                        Yes. Germans are quite obsessive when it comes to configuring their cars. I understand that in the US one mostly selects an engine and a color and maybe has a selection of three extra features and that's it. Over here, people want to configure basically every screw. For instance, I read recently that of the millions of E class Mercedes that were sold in Germany, they have never sold the same configuration twice (except for a few mass orders from companies).

                        One peculiar aspect of car buying here is the "EU reimport". It turns out that it is often cheaper to buy a car in another EU country and reimport them (because for reasons I don't understand every country has different prices). I've already bought two "EU reimports" (there are dealers who specialize in these kinds of transactions and it will all be online).

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