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If you factor in the dealer mark up and interest rates on new vs. used. A new car may be a net better deal than a relatively new used car. The price does not fall as far and as fast as it used to and the interest rate difference is huge (o% or 1.5% vs. 8% for example). Also dealer mark up on used cars is considerably higher than on new cars. Because of this, a lot fo times when you go looking for a new car, the sales guy will direct you to used cars instead (if the dealership sells both). One of my daughters had a two year old Fiesta that got wrecked a eyar after she bought it. She replaced it with a new Sonic turbo and her payment and net cost are lower.
What’s new are idiots financing them for 6-7+ years and dealerships peddling this trash.
Sigh.. Do you run a car dealership? The amount of worthless new car add ons plus nickel and diming they conduct is off the charts.
- document fee
- extended warranty for a new car that already has a factory warranty
- marked up prices for used cars on the lot
- crappy trade in value for your car
- “dealer prep fee”
- insane cost to get your car serviced at the dealership compared to a local mechanic
- admin fee
- fuel charge fee
- destination fee
- fabric protection add on
- paint protection add on https://money.usnews.com/money/blogs...vices-to-avoid
You have to conduct high stakes negotiations just to get something that’s been marked up back down to a fair price. New and used.
A fool and his money are soon parted.
You enjoy being nickel and dimed to death under the ignorance of thinking car dealerships would wither away and die without such fees and add-ons, the rest of us will enjoy the money in our pocket by understanding the games car dealership play for customers like you.
You don't. Depends on the dealer. I did my preliminary contact via email so I had an appointment to see the Internet/fleet sales guy. Walked in. Kicked a couple tires. Said I liked this color. Went on a test drive. 45 minutes later I'm in financing. The only thing relatively high pressure was saying that I didn't want an extended warranty or lifetime oil changes. I understand for some people it's hard but really you just have to say no, thank you. As long as you're not wishy-washy but firm and polite you seldom have to say no. But it's about finding a good dealership as well. On a previous car I was at a Chevy dealer. Salesman was okay but pretty new. They didn't have what I wanted in inventory so he got the manager out to start the whole lie through my teeth and try and be pushy about it. I took about 15 seconds of it before I just said excuse me one minute, took out my phone, called the Chevy dealership 10 miles away and confirmed they had what I wanted to look at, hung up, thanked the salesman for his time and walked off the lot. I didn't ultimately go with the Chevy, but you can bet where I wouldn't have gotten it from if I did.
You don't. Depends on the dealer. I did my preliminary contact via email so I had an appointment to see the Internet/fleet sales guy. Walked in. Kicked a couple tires. Said I liked this color. Went on a test drive. 45 minutes later I'm in financing. The only thing relatively high pressure was saying that I didn't want an extended warranty or lifetime oil changes. I understand for some people it's hard but really you just have to say no, thank you. As long as you're not wishy-washy but firm and polite you seldom have to say no. But it's about finding a good dealership as well. On a previous car I was at a Chevy dealer. Salesman was okay but pretty new. They didn't have what I wanted in inventory so he got the manager out to start the whole lie through my teeth and try and be pushy about it. I took about 15 seconds of it before I just said excuse me one minute, took out my phone, called the Chevy dealership 10 miles away and confirmed they had what I wanted to look at, hung up, thanked the salesman for his time and walked off the lot. I didn't ultimately go with the Chevy, but you can bet where I wouldn't have gotten it from if I did.
For me, cars on the lot are to test drive and to check out the features. I don't actually buy what's on the lot and have essentially been a demo for god knows how many months. Every car on the lot is a demo of sorts. Don't be fooled.
If you've decided you're buying new, order it. Tell them you want to be present when it rolls off the truck. Don't let them take the plastic off. Don't let them roll it into their garage. Don't let their "detail team" touch it.
Manufacturer warranties have NOTHING to do with dealer added options or dealer recommended service. You pay your money, receive your tag and title, and roll away.
What’s new are idiots financing them for 6-7+ years and dealerships peddling this trash.
Sigh.. Do you run a car dealership? The amount of worthless new car add ons plus nickel and diming they conduct is off the charts.
- document fee Just say no
- extended warranty for a new car that already has a factory warranty Just say no
- marked up prices for used cars on the lot Just say no
- crappy trade in value for your car Just say no
- “dealer prep fee”
- insane cost to get your car serviced at the dealership compared to a local mechanic Just say no
- admin fee Just say no
- fuel charge fee Just say no
- destination fee Just say no
- fabric protection add on Just say no
- paint protection add on Just say no https://money.usnews.com/money/blogs...vices-to-avoid
You have to conduct high stakes negotiations just to get something that’s been marked up back down to a fair price. New and used.
A fool and his money are soon parted.
You enjoy being nickel and dimed to death under the ignorance of thinking car dealerships would wither away and die without such fees and add-ons, the rest of us will enjoy the money in our pocket by understanding the games car dealership play for customers like you.
Here is what I do on new cars. I give a out the door price. That’s it. I don’t care what they try to do or sell. Here is what I’m willing to pay to drive away.
When you go to finance just say no. You are not required to buy anything. Dealer add on.... take it off. Put whatever it came from the factory.
I don’t trade in vehicles. I buy what I need and then sell what I want to. This way I’m in no position to be forced to buy a car I don’t like the terms on. When I sell I sell for a price that is rock bottom but it’s a good deal. I have never had a issue selling a used vehicle.
You are also not required to take a car to a dealer for service. Now warranty work...yes. But normal maintenance services no.
Most of the fees you listed you can say no to. I think doc fees you have to pay but most of the others are bs fees.
The only fool and money being parted are people who can’t say no and let the dealer run the negotiation. At any time before signing on the dotted line you can get up and walk out.
For me, cars on the lot are to test drive and to check out the features. I don't actually buy what's on the lot and have essentially been a demo for god knows how many months. Every car on the lot is a demo of sorts. Don't be fooled.
3 of the 4 cars I bought new for myself had less than 5 miles on them when I test drove them and then took them home. And they were on the lot. Same with the two we leased new for my wife. ONE of the cars I leased new had delivery miles from being a dealer trade (I had it driven up from Richmond, VA to my local dealership).
The thing that all the cars we bought/leased new had in common at those low miles was that they were all manual trans cars, and thus no one test drove them. The one I had dealer traded was my Volt... And I don't think it had been test driven before I had it delivered.
I just bought my first brand new car. A Honda Civic EX-T, $21,500. Payment is $251 a month, over six years, but I plan on paying it off in 3 years. My wife and I don't have kids and fits our needs perfectly. Has heated seats, moonroof, 7" touchscreen, great MPG, keyless entry, remote start, cameras, foglights, etc. I know what your saying though. If we got a larger car, they do get expensive, especially with added features. Van's and SUV's are way too much.
Definitely too much. Between mortgages, health care, and car payments and other insurances, i'm surprised anyone has any money left.
As for six year car payments. That's really too much IMO. When I was coming up in the early 80's a five year loan seemed outrageous. Now I hear that 8 and 9, even 10 year car loans are on the table. It won't be long before car loans are like mortgages.
It seems to me that autonomous cars really will destroy the car business. And probably within the next 20 years.
Nickel and diming naive customers like you who gladly pay for unnecessary fees on marked up new and used cars and add-ons from the lot is perfectly legal, that doesn’t mean the rest of us are as gullible though.
Like me? LOL Did you not read my post? I wasn't even offered half the the things you mentioned.
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For a man who claims he’s not a car salesman, you sure are in bed with these folks.
I had a great experience at a fantastic dealer that was no pressure and I got exactly what I wanted.
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Let me guess, your father was one and that’s what you wanted to be when you grow up?
Daddy was a butcher. I wanted to be a rock star. Wound up being an IT Guy. Again, assume much?
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Bad news kid, don’t quit your day job.
Kid. Ha. I wish.
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That used luxury car you financed at 15% for 72 months because you thought the car salesman was nice wasn’t worth it.
2016 Mazda CX-5, hardly lux, fully loaded $4,000 off MSRP @ 0% and 60 months.
Any other assumptions about me I can dispel for you?
Used cars are a better value. I'm done with new cars. They lose 25% of their value once you drive off the lot with one. You can find very cool cars that are used that have everything you need in them and on them. I'm done buying new cars.
For me, cars on the lot are to test drive and to check out the features. I don't actually buy what's on the lot and have essentially been a demo for god knows how many months. Every car on the lot is a demo of sorts. Don't be fooled.
If you've decided you're buying new, order it. Tell them you want to be present when it rolls off the truck. Don't let them take the plastic off. Don't let them roll it into their garage. Don't let their "detail team" touch it.
Manufacturer warranties have NOTHING to do with dealer added options or dealer recommended service. You pay your money, receive your tag and title, and roll away.
Depends what you're buying. You'll pay more to order it. Mine was just a regular economy car. Nothing fancy. It had 12 miles on it, so maybe it had gone on one or two test drives. It's a daily beater. it gets run through automatic scratchers or rinsed off with a hose. It only gets a proper wash for its annual waxing, and even then it's a quick one. It's not like a care if the clear coat gets some more scratches.
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The one I had dealer traded was my Volt... And I don't think it had been test driven before I had it delivered.
