Car Dealers Are Sneaky Scum

archives said:
Why would anyone take out a car loan from a dealer?

You do your homework, decide on the vehicle you want to buy, shop amongst several dealers as to who is going to give you the most advantageous deal, get the price you like, and go to the bank or credit union for the loan. Am I missing something?
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Sometimes dealers offer better rates than banks.
 
archives said:
Been my approach ever since I could afford a new vehicle, don't have, nor want, an extensive knowledge of auto mechanics, nor am I concerned about what I drive, live in the NE, buy it and drive it as long as you can, I've always gotten my money out of my it
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Yep! And they just don't make bad cars anymore. Just about any car you choose is a good one.

I put 275,000 miles on my Infiniti- and it drove and looked brand new when I gave it to my grand daughter!
 
Geeko Sportivo said:
Yep! And they just don't make bad cars anymore. Just about any car you choose is a good one.

I put 275,000 miles on my Infiniti- and it drove and looked brand new when I gave it to my grand daughter!
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There you go, as long as you are not a auto aficionado, and can afford it, it is the way to go
 
archives said:
Not denying it, but more often that not, not worth it, as the topic thread is showing, rather just make it all a cut and dry experience
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Salespeople are supposed to try and get as much for a vehicle as they can. That doesn't make them bad people. In fact, the salespeople make nothing compared to the days when nobody could find out invoice prices. They made commission on everything over invoice.

Now they're lucky to make $200 per sale.

That said, it's our job to get the best price as possible, no matter what it takes. There are amazing deals to be had when incentives get into the thousands. When you see ads on t.v. for vehicles offered at $4000 off, that's MSRP. If you get the savings off of invoice, you're doing pretty good.

Sometimes dealerships are trying to boost monthly numbers, or annual numbers, and will move a vehicle just to achieve that.

I find purchasing new cars a rather pleasurable hobby.
 
Geeko Sportivo said:
Working on cars is just a hobby for me these days. And Youtube is your best friend! LOL!
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Same. But I spent a good part of this morning trying to fix a problem with my ‘04 Tahoe … 270,000+ miles. Started blowing heater air through the dash vents a couple of weeks ago as I was driving home from a family reunion. I know it’s an actuator problem but could never figure it out. Exhausted all Youtube hints so I finally called the guy I get to work on my rigs. I’ll be dropping it off with him on Monday.
 
Car dealers shady ? Say it aint so !!!!

But its a bad idea to buy a new car. Not as bad as it used to be when the value dropped by half when you signed but still bad.

New cars are wildly more reliable than when I got into the game in the 70's. Unless you expect to be putting a lot of miles on quickly you dont need a new car. You would do better leasing in that case.

Get a Toyota or Honda (Lexus of Accura) and mileage is almost a non issue. Take a home equity line for a good rate and write a check for it and you gain far more leverage on fees.

Avoid Nissan (Infinity) they have a tendency to use insane engineering which drives up labor costs. Other Asian cars are ok but not on a par ergo the price difference.
 
T. A. Gardner said:
You really don't get it do you? If I have calculated out what I want to pay in terms of payments, and the dealer agrees to those terms then I got the deal I wanted. The APR and vehicle price are irrelevant to that. I will end up paying over the life of the loan what I think is a good deal. It doesn't matter who the financing is through, or what the exact price of the vehicle is. I will end up paying--in total, price and interest--what I think is a good deal.

Only an idiot fixates on the price and once that's settled, starts negotiating the loan. That is what the dealer expects and wants.

When you start at the outcome and work back, you get the deal you want. When you work forward from the price of the vehicle you have no clue what the outcome will be and get screwed.
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Lol. There's this thing called "arithmetic" that allows you to calculate interest.

Quick question. What APR did you get through the dealer?
 
chainbreak said:
Lying to and trying to scam the consumer is the essence of capitalism. You are right. Used car dealers are scum. If you are going to buy a used car, buy one from a private seller. Just ask them up front why they are selling it to begin with. And if there is something wrong with it that you should know about. Though if it is a fairly expensive used vehicle, ask if they have any objections to bringing it to a mechanic to be look over before you buy it. If they object to that, walk away.
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I'm pretty good with cars, and even I would never buy used without a professional mechanic looking it over in his own garage. I've even heard stories of legit CPO cars having serious problems. (Then again, I knew a guy who bought a brand nde Ford and the transmission crapped out at 1,000 miles, so maybe no car is guaranteed.)
 
American Man said:
Lol. There's this thing called "arithmetic" that allows you to calculate interest.

Quick question. What APR did you get through the dealer?
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My last vehicle? Zero through Nissan Motor Acceptance Corp. I bought two vehicles and plopped a $20,000 down payment on them (helps to have a 10% share in a producing oil well in Texas... Conoco sends big checks monthly. https://secure.oildexdx.com/conocophillips/login.asp)

Anyway, I negotiated that deal in reverse just as I proposed and got the exact payment I wanted on both.
 
T. A. Gardner said:
My last vehicle? Zero through Nissan Motor Acceptance Corp. I bought two vehicles and plopped a $20,000 down payment on them (helps to have a 10% share in a producing oil well in Texas... Conoco sends big checks monthly. https://secure.oildexdx.com/conocophillips/login.asp)

Anyway, I negotiated that deal in reverse just as I proposed and got the exact payment I wanted on both.
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I can't trust the judgment of a Nissan owner.
 
American Man said:
I can't trust the judgment of a Nissan owner.
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I don't trust the judgment of political wackadoodles.

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American Man said:
I just purchased a 2022 Kia yesterday. It was quite the adventure.

My tip is to focus on the price and the interest rate being offered, rather than the monthly payment, which is what they want you to focus on. Go in with a pre-approved auto loan from another bank and see if they can beat those rates, because relying on their rates is always a bad idea. Oh, and educate yourself on all of the unnecessary "dealer fees" that you absolutely don't need to pay. (I saved about $3,500 by threatening to walk out when they initially refused to remove certain ridiculous fees. For instance, their BS "transportation fee" of over a thousand dollars is included in the MSRP, but they still tried to sneak it in anyway.) And be careful about what you sign and when you sign it!

It's a shame how sneaky they are and how little government oversight there is, but if you do research and stand your ground and know your rights as a consumer, you'll get a good deal.
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You know, the guy that works with me knows all that..and a couple weeks ago, he goes into to just look..

And ends up coming out with a truck and trading the old one in and all that. :laugh:

He did NOT get an optimal deal as I've literally seen him do in the past. They got 'im! :eek:
 
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