LOL. copy that; yeah, dealers man... They really do not do themselves any favours to help rid themselves of the bad image they have. There are some great ones I've seen in my experience. VERY few and far between, though.
Some do, you have to find the right ones. I guess it depends on the area. I think a lot of dealers in CA are learning. The ford dealer I got my R through spent a week trying to beat my outside financing, and also gave me the highest trade in value I found anywhere, explaining their cost/profit analysis in the process. I've never bought a car without an OTD price and everything agreed on over email before I even step foot inside, if they're not willing to do that they don't get my money. It's 2020 it's too easy to cross shop now and enough dealers are learning that it's not worth dealing with the bs ones.
In your business do you try to just make the minimum profit? I know I sure don't. Remember, car dealers are businesses that have to turn a profit to stay open. If they can make 2K profit instead of 1K profit they will. Wouldn't you?
I understand it is a business but there is a fine line between profits and straight up scamming people. How much profit do you think they will make with a 6.99 apr and 30K for a 2019 Mustang? That they will at the least list for 37K minimum.. Way more than 2K for sure. I guess money is the root of all evil.
I have tried getting my own financing but in my experience the dealer can always beat it..
Sounds nice. Hopefully Texas will catch on soon. I feel like in these times, a better business model would be to have repeat customers and referrals from satisfied customers.
Yup I can relate. I remember a couple years back, the dealer was charging a 4K reconditioning on a car with less than 6K miles. I’m like really bro and when I asked them to show me the papers of what they did for the reconditioning they suddenly lost the paperwork..
Indeed. But just because you can do it, doesn't mean you should. In my case, salesman told me to wait 2 months to pay off the loan so they could get their kickback from Ford. After seeing how much they charged me, it backfired, because I paid it off in less than a month, so they probably got nothing. You typically never see that attitude in Europe or Canada. Even when they could, they rarely overcharge anybody. They're happy to sell off their hotels, cars, etc. Here, the least indication that demand is higher than supply (be it a concert, race, hotel rooms, etc), let's rip customers off because we can. That's why many wealthy folks I know never go to F1 races here; they actually pay less to go to Montreal, or even Europe. I only went once, and just because my brother paid for the hotel (4 Seasons), along with his Ferrari buddies.
