and never anwer them when they ask, "what do you want your payments to be?"
Yeah, carsalesmen will KILL you with the payments line.
Although I agree that most of the time anyone with good credit should not be doing dealer financing, the 0 percent deals they had going on for awhile were unbeatable. You weren't going to go to a bank and get that kind of a deal so in those situations I think it is a good idea to go with a financer like Arcadia or GMAC.
My husband always checks some online leasing website (can't remember the url). Anyway, when we bought our F150, Ford lowered their payment to match it.
On a side note, my husband came home with his new car last night. They let him have it without signing any papers. But we're also an extremely loyal customer which I'm sure had a lot to do with it.
I will agree with you concerning the employers perspective. Most of my trouble lies in the fact that most policy holders are victims of crappy insurance that their employer purchases in order to cut cost.
My main beef is the customer service, or I should say lack of, that we as providers get. We are the "enemy" and they could really careless about the information the give us! To illustrate this point, one day in my office, three of us called an insurance company three seperate times to verify insurance coverage on the SAME patient, and eahc of us where given three DIFFERENT coverages. Now, tell me how that cons utes good customer service.
Yeah they just lost one a couple days ago on the medical side. Aetna lost one on the dental side aboout a year and half ago! Most of which went to the plaintiff, the ADA. The class action suit involved so many dentists that the award wasn't all that much so most ended up donating it back to the ADA.Didn't Humana just lose a lawsuit?...which they are appealing of course.
That Humana lawsuit put the nail in the coffin for the HMO.
That would be nice but I think they have way too much money towards lobbying. Some politician will propose a law to protect them. Or even worse, this could lay the ground work for socialized medicine
what the big cat learned is that if you remind a firm about the value of their reputation locally you tend to get your ass kissed.
as for large purchases, only a house or company warrants being anal about.
and no, it wasn't an 03 yukon. it was a slightly earlier model and it was not covered under a manufacturer's warranty.
Last edited by violentkitten; 07-29-2005 at 05:13 PM.
What do you guys think about that "Employee Price" bull the dealerships are all running now?
probably just another crock of huh?
The prices are good. But everything said in this thread still holds. Buyers really have power right now because dealers can't move cars worth a damn at the moment. They'll do anything to sell you a car right now.
wow. I learned that the other day.
So how do you counter that line? What do you say in response?
Bishop Ryan- You sound like someone who knows what he's talking about. I need someone like you to come with me on my shopping experience
I'm actually in the process of looking for a new car. I'm a first time buyer and don't have a clue about what to do. I wish I had my sister here in town to
help me out cause she's real good at things like this. The first piece of advice she gave me was, "don't buy" when I told her I was gonna go looking and I almost made that mistake last weekend. I almost bought a car at Ingram Park Nissan but walked away from it. They had the purchase order in front of me and told me just sign but I just didn't feel right. My cousin actually works there and he told me they are real agressive there. And they definitely were. They looked so pissed off at me when I told them it still wasn't what I wanted. They said, why? Its the payment amount you wanted..The total cost doesn't really matter in the end. Its just a number. It's the payments that matter. My cousin would tell me that too. But I think the total cost does still matter somehow. And the length of time. I could tell they were angry but I didn't really care. It was funny seeing that guy storm out of there when I insisted. It was nerve wracking to me. To them its a couple hundred maybe thousand dollars, we're talking about thousands of dollars for me. Thats a big purchase I don't want to take lightly.
How should I research exactly? What am I looking for? I was reading in posts about how you should do the financing. I asked for a loan once from my bank (I bank with you Foofida! Firstmark CU) and they denied me, would asking for a car loan be different?
I have "good" credit. I qualified on my own but they still asked if I could get a cosigner to get a lower interest rate. I don't know how all that works
Does anyone know about this fleet pricing thing? My mom supposedly can get the fleet pricing at a local dealer here in town because she works for the district. They have a partnership with the dealer to offer its district employees fleet pricing and I don't know if that would be better than going to another dealer.
I just don't want to end up getting screwed. Everyone tells me because I'm a girl they are going to take me for a fool and also cause I'm a first time buyer. I want to be a smart informed shopper instead. Any advice would be SOOO appreciated.
Actually, I think the employee discount isn't off MSRP. But I could be wrong.
But either way, the employee discount is much better for cars that are going to run more expensive. 30% off of a 30k car is going to come in below invoice.
Faccia, what kind of vehicle with what options are you looking for? There are plenty of sites online that will give you the invoice cost of a vehicle. That is where you need to start negotiating from. THe MSRP is absolute .
[QUOTE=Faccia di Angelo]wow. I learned that the other day.
So how do you counter that line? What do you say in response? [/b]
i tell them straight up. i don't worry about the payment. let's work on the final price. what are you going to sell me this exact car for? write that down on your card. i want one offer... your lowest one first. i dont have a lot of time to play the "let me go see my manager again." and also, i never even talk about price or anything like that until i know i like the car. i just take my time test driving and checking it out.. and you can test drive the thing as long as you want and anywhere you want..
and yeah, your sis is right, don't buy the first one you look at.. that is what the card with the price is for.. .even if you love it, take the card, and go look at least 2 other cars and try to negotiate down from that price... get the card, then call the 2 others and give them chances to go lower... even if they don't make a high commission on the sale, they will be ok with it, bc they still get a unit moved...
and ingram park is the the dealership that told me never to come back.. i think i said it was world car earlier... but yeah, they are total assholes... and remember, at anytime before you actually hand over the final check/money/sign the last paper, you can walk away and owe nothing.. they will try to say, "did you not sign this paper, etc?" you just say, "sorry, but i changed my mind."
oh yeah, the reason the payments don't matter is because they can set them up for 6 or even 7 years.. you will have a low payment, with a high interest rate, but end up paying like $20,000 for a $14,000 car.. they will give you the highest interest rate possible for you payment range with the longest time frame...
but yeah, like manny said, the first thing you need to do when you are ready to buy is know the car you want.. you will then go online and find out what you should pay.. once you get to the dealership you will how jacked up the price is...
well guys, I took the advice and went to see my bank first thing this morning to apply for a loan. I scored! I qualified for one, although it wasn't a lot
Car shopping, what a bloody headache.
Thanks so much for the advice and help guys! I'm really learning a lot about all this.
you can still see what the car dealership offers in terms of financing. maybe they can hook you up with a low interest rate or cash rebate. many sites online offere calculators that you type in the interest rate vs taking the cash rebate and see which offer is best...well guys, I took the advice and went to see my bank first thing this morning to apply for a loan. I scored! I qualified for one, although it wasn't a lot
Car shopping, what a bloody headache.
Thanks so much for the advice and help guys! I'm really learning a lot about all this.
Always get your own financing. Most of the time you'll get a better deal especially if don't have great credit of if you are black or hispanic.
Again, I tell anyone here that any questions about buying or leasing a car go here first:
www.carbuyingtips.com
It has everything you need to know, including payment calcualtors, links to warrenty sites, and loan sites.
I recommend First Mark www.firstmarkcu.com for car loans. Dealer financing for the most part is a trap. The zero percent interest rates are a joke because hardly anyone can qualify for them. You have to have perfect credit to get them, and if you have THAT perfect credit you can probably just pay cash for the car out right.
Nice site User. I'm gonna check it out.
Thats my bank, Firstmark! why do you recommend them?
My rate is going to be around 8% I believe. Hope thats still decent.
If I see what the dealer still has to offer in terms of financing they still have to pull my credit report right? I hate that. I don't like anyone pulling my report unless absolutely necessary. In the past month its been done about 4 times. I'm dropping points here. I asked my cousin for a copy of the report he pulled on me when I went to his dealership. ( I know they're not supposed to though)
Also, DO NOT TRUST THESE DEALERS!!!
Red Mcombs
Northside Ford (Owned by Red Mcombs)
Gillespe Ford
I have personally seen them try and rip people off. I have also heard some of the horror stories that people have experienced with them.
Red Carpet financing is a TOTAL RIP OFF!!! You will be screwed raw if you sign a deal with Red Carpet Financing. You have been warned!!!
*% is kinda high. Is it for a used car? That would be about right then. Firstmark is good beacuse they give you a low fair rate. I have just paid off my truck with them. I got 4.25% for 48 months. You will be so much better off having you financing already taken care of BEFORE you go to the dealer. That way they can't use it to screw you later. Always negociate the final price of the vehicle first. Never negociate monthly payments, a trade in, or financing UNTIL you know what the vehicle you want costs!!! In fact don't even talk about anything else but the final price until you know it. Don't tell them you have a trade in until they tell you the price. Tell them you're not worried about financing until you know what the vehicle costs.
The best tool is a folder filled with info from websites or other dealer quotes that you can take with you to other dealers. Print out the costs of all the options and packages for the vehicle you want. www.edmunds.com is good for finding out dealer cost and MSRP for such things. That way dealers can't overcharge you on options or added equipment if you know what it should cost. They can't screw you because you have the info right there in your hand. If some added equipment is on the vehicke you want, but you don't want it, don't pay for it!!! Either have them get a vehicle that is perfect for you or tell you don't want to pay for it. There was a truck I wanted that had a 6 disc cd changer on it that was an extra $300. I didn't want it, so I told the dealer that. He offered to discount the truck $300 because I didn't want it.
The bottom line is negociate. Don't be afraid to ask for a lower price. Worst thing is they say no. And NEVER NEVER NEVER buy a car on the first trip to the dealer. Who cares if the dealer says it will be sold, there are always other cars out there. The dealer will know that you can't be pressured and you'll have the upper hand.
Another good site is here:
http://www.bloomberg.com/analysis/ca.../leasebuy.html
You can figure out payments if you want to lease or buy
Northside Ford? That was my first choice because they were in my banks friendly dealer network and the dealer the district my mom works for has a deal with to offer lower prices to its employees. Figured they might offer a better deal. Damn.
Yeah, I was hoping to get a new car but now it looks like its gonna be used. For the amount I was approved for its gonna be hard to find a new one.
My sis said the same thing about the financing beforedhand. At least I know what I can spend and will stick to that. It won't be as frustrating.
Red Carpet is the biggest scam of all time. I would never reccomend anyone do it. And as Chris said, avoid anything with Red's name associated with it. They tend to be the worst.
Good advice, Chris.
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