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jsarno 10-06-2007, 11:26 PM I know it'll be tough. The original MSRP was $26,900. They took $500 off the top. I told the dealer they also had a $250 coupon on their website. He neglected to mention that. I'm looking at a price of $25,000 to $25,500. Just wondering if that's realistic or not.
I don't really need a new car. I'm just tired of driving a stick shift and I would really like a sedan.
Don't mention ANY discounts until you come to an agreement on price, then after they agree, then you give them the coupon's / discounts. Those discounts / coupons are YOURS, not their's. They don't pay for those discounts, the Honda company does.
I'm telling you, you can get it for $500 over invoice with little issues. Just remember they pay A LOT less for that car...invoice is not actually what they pay even though they will lie and tell you that. They likely pay about 3k less for it. That's why you will see sales pitches of "buy any new car $500 or $1000 under invoice". They are just trying to get them off the lot, and are willing to take a small cut, but they are still making a profit.
Lady Brave 10-06-2007, 11:28 PM I'm one of the worst hagglers you'll ever meet. You have to be prepared to say no...these guys are professionals.
My advice would be to go to N.A.D.A. Official Used Car Guide Company (http://www.nada.com) and do the "price with options" option so you can know EXACTLY what it costs. Offer them $500 to $750 max over invoice and they should take it. I have literally purchased 5 brand new vehicles, I have never paid more than $500 over invoice. They might try to say the manager won't allow it etc...then make up some BS story about another dealership that is 50 miles away offered $750 over invoice, but you like them and they are closer, so if they offer $500 over invoice, it's a done deal right now.
If they say something like, well "how bout 1k over invoice...it's only $500 more, I have kids to feed." You respond by saying, I have kids to feed too, and if it's "ONLY" $500 more, then a big bad super dealership like this could afford to pay that meezly figure for me. Just be strong. No weaknesses. Don't waiver in front of them...be fast and firm with your comments. If you pause and think about it, they will try their best to break you. If you are extremely firm then they know not to waste a lot of your time. They want that sale. It works...trust me.
I always do a ton of research before I walk into a dealership. I'm usually pretty prepared and I don't budge on my bottom line price. Also, this car has very little add ons on it and I'm not paying for them. Seriously, you want to charge me $199 for undercoating and $99 for a pin stripe I can get at auto zone for mere pennies? Those things are strictly profit items. I know exactly what my trade is worth, so I won't budge on that either.
It's not that I don't know how to haggle. I just hate doing it. I've walked out of every dealership I've ever been in. I already told the salesman I have a very low tolerance for watching salespeople wear a path in the carpet to their manager's office. I was just wondering if anyone else had any tips or tricks to make the process go any faster.
Lady Brave 10-06-2007, 11:34 PM Don't mention ANY discounts until you come to an agreement on price, then after they agree, then you give them the coupon's / discounts. Those discounts / coupons are YOURS, not their's. They don't pay for those discounts, the Honda company does.
I'm telling you, you can get it for $500 over invoice with little issues. Just remember they pay A LOT less for that car...invoice is not actually what they pay even though they will lie and tell you that. They likely pay about 3k less for it. That's why you will see sales pitches of "buy any new car $500 or $1000 under invoice". They are just trying to get them off the lot, and are willing to take a small cut, but they are still making a profit.
OMG, they asked me a gabillion times about my trade. I was like... no, we're going to talk car price and that's all. I know it's a major mistake to talk about trade, car payment, etc. before you've nailed down a price.
I've heard that you should only offer $500 over invoice, but I've dealt with too many dealers around here that won't budge off the MSRP. It's crazy.
jsarno 10-06-2007, 11:38 PM I always do a ton of research before I walk into a dealership. I'm usually pretty prepared and I don't budge on my bottom line price. Also, this car has very little add ons on it and I'm not paying for them. Seriously, you want to charge me $199 for undercoating and $99 for a pin stripe I can get at auto zone for mere pennies? Those things are strictly profit items. I know exactly what my trade is worth, so I won't budge on that either.
It's not that I don't know how to haggle. I just hate doing it. I've walked out of every dealership I've ever been in. I already told the salesman I have a very low tolerance for watching salespeople wear a path in the carpet to their manager's office. I was just wondering if anyone else had any tips or tricks to make the process go any faster.
I actually enjoy it...I have bought 2 cars for my inlaws and 2 for my friends too. I get funny looks when I don't sign the paper work. LOL. They get upset but I tell them I know how to sell, I have been to classes and I have used it in the real world, if I don't help you'll kill them. You can get the next guy. LOL.
There is just about no way to make it go a whole lot faster, they have nothing else better to do but haggle you. The only way to make it go faster is to make a sense of urgency for them.
Call another Honda dealership and ask for a sales person, when you get one, write down his name and ask him if he has any BMW 3 series, he obviously won't, but now you have his name. So when you talk to your salesman, say, "so and so from DC Honda told me he'll have my car ready for only $650 over invoice, so either you drop it to $500 over invoice RIGHT now, I'll buy, if not, I'm going over there. You have 5 minutes to make a decision."
I would also use other comments like "so how many sales do you have this month?" Especially if it's the end of the month. Most also have contests, so you can ask where he is sitting compared to everyone else. Then say, well this could be the easiest sale you will have, cause I've already decided to buy, but at my price...will you match it?
jsarno 10-06-2007, 11:40 PM OMG, they asked me a gabillion times about my trade. I was like... no, we're going to talk car price and that's all. I know it's a major mistake to talk about trade, car payment, etc. before you've nailed down a price.
I've heard that you should only offer $500 over invoice, but I've dealt with too many dealers around here that won't budge off the MSRP. It's crazy.
They will if you "sell them" like I have mentioned. No one pays MSRP unless they are dumb. You need to own the situation. You can do it. If you know how like you said, you can get it. It's simple to them, either you buy their car at your price, or you don't buy from them. What's the choice?
Lady Brave 10-06-2007, 11:46 PM They will if you "sell them" like I have mentioned. No one pays MSRP unless they are dumb. You need to own the situation. You can do it. If you know how like you said, you can get it. It's simple to them, either you buy their car at your price, or you don't buy from them. What's the choice?
Thanks for the advice jsarno. I don't have any problem walking away if needed. I really hate buying a new car. I've always bought used. It seems like the process is easier buying a used vehicle. That's usually because they've already made their money off the sucker trading it in.
cpayne5 10-06-2007, 11:47 PM My uncle walked into a dealership one day to buy a car. When he sat down at the salesman's desk, he pulled out an hour glass and told the guy "you have one hour to sell me this car for this much money". He drove away in his new car 45 minutes later. Paid $22,500 for a $32k MSRP Accord.
Lady Brave 10-06-2007, 11:55 PM My uncle walked into a dealership one day to buy a car. When he sat down at the salesman's desk, he pulled out an hour glass and told the guy "you have one hour to sell me this car for this much money.". He drove away in his new car 45 mins later. Paid $22,500 for a $32k MSRP Accord.
Haha... that's awesome.
The worst experience I've ever had was at a chrysler dealership. I've always driven chrysler and dodge. I was looking at a Sebring once and I had already located one in SC. I went to the dealership here and told them where the car was. The salesman started typing on his computer, looks at me and says, "there are no Red V6 Sebrings in the US right now. I really think you should reconsider the Red 4 cylinder on our lot."
WTH? Dude, I just told you where it is. He actually made me look it up on the computer and show him. I had even called the SC dealership before I got there and confirmed that they had it. Then I hear him talking to his manager and he said, "yeah, there's one in SC and one in VA." Then the guy walks around and says, "Good news! We've located the car you want."
ARGHHHH!!!!
jsarno 10-06-2007, 11:56 PM Thanks for the advice jsarno. I don't have any problem walking away if needed. I really hate buying a new car. I've always bought used. It seems like the process is easier buying a used vehicle. That's usually because they've already made their money off the sucker trading it in.
Yeah, that's true. Even if they offer you a "seemingly" good deal, not only did they make 2-4k of the previous guy, they are making 1-2k off you.
jsarno 10-06-2007, 11:59 PM My uncle walked into a dealership one day to buy a car. When he sat down at the salesman's desk, he pulled out an hour glass and told the guy "you have one hour to sell me this car for this much money". He drove away in his new car 45 minutes later. Paid $22,500 for a $32k MSRP Accord.
That's what you have to do. They always try to have the ball in their court, you have to take control of the situation.
Good for him.
Most salesmen will gladly sell it to you for that price, cause they bend over so many other people each month that they more than make up for it.
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