Posts Tagged ‘Car Dealers’
Memdo w asked:
After four days that I bought a used car at Tyson in Shorewood, IL, the engine of this car failed.
I try to negotiate with the person that sold this car and with general sales manager of the store Jim Kinney, but they were very unhelpful and disrespectful. They did not want to take any responsibility even that I drove this car only 60 miles. This is a very ripped of . Are car dealers allowed to sell junk cars?
What I should do?
After four days that I bought a used car at Tyson in Shorewood, IL, the engine of this car failed.
I try to negotiate with the person that sold this car and with general sales manager of the store Jim Kinney, but they were very unhelpful and disrespectful. They did not want to take any responsibility even that I drove this car only 60 miles. This is a very ripped of . Are car dealers allowed to sell junk cars?
What I should do?
Ahmaendah asked:
Car dealers are typically located close to one another, they cluster in one section of town. Interpreting this behavior with the Hotelling Model, would you say that price competition is intense in the industry for car sales? Why or why not?
I don’t think it’s intense because cars have both vertical and horizontal differentiation.
Julie Davidson asked:
Buying a car, new or used, is a big expenditure. Unfortunately, most people go to the car dealership thinking they have to pay the full sticker price of the car, not realizing there are many ways to save money. It’s also important to know how the dealers make their money on each car sale. Such knowledge will help you get the very best price on your next vehicle.
1) Know how much the car is worth.
Do your homework and research your car choices before attending a new car sale or purchasing a used car. You’ll want to know the true value of the car you wish to buy as well as the value of your current car if you wish to trade it in.
Visit the factory website of the model of car you want to see what the factory list price is for each vehicle. For example, Ford’s website (http://www.ford.com/) offers an online vehicle showroom where you can choose your next new car and pick the price range.
Go to several different dealers and research different deals on the same car before purchasing it. A lot of dealers’ prices will differ on the same make and model. Check out the wealth of information on http://www.carsguide.news.com.au which offers price comparisons on your new or used car as well as tips to help you when you purchase.
The Red Book (http://www.redbookasiapacific.com/au/) is an excellent resource to see how much a used or new car is worth. Car dealers make money by marking up the price, as do private sales. Knowing that a car is unfairly priced will help you to save hundreds, if not thousands of dollars.
2) Get the proper financing.
Car dealers can make a bundle of money selling you more car than you can afford by offering you financing for a longer period of time. You can also expect to pay more for lease options if you’re not careful. Banks and finance companies typically offer a lower interest rate than car dealerships. You can also look into financing from the manufacturer of the car for sale—you’ll pay much less in interest than on a loan from the dealer.
Banks take longer to grant approval than finance companies, which can often approve your loan online in minutes.
Never pay for a new or used car on a credit card, as you’ll be paying lots more in interest rates. One of the very best tactics is to get pre-approved for the purchase of a used or new car at a financing institution before you go car shopping. When you’re shopping, don’t tell the car sales associate. A lot of times the car dealer will cut the price of your car, thinking they’ll make money on the financing later. It will be too late to change the price on the car once they realize you already having financing.
3) Buy at the right time of the month.
Most car salesmen work on commission and get incentives for selling the most cars. By the end of the month they know if they need to up their sales and they’ll be more persuasive and aggressive to get that one last sale. However, you can use this need to sell to your advantage.
Visit a car dealership at the beginning or first of the month for an initial visit, but not to buy. This takes some of the pressure off because the salesmen aren’t going to be as persuasive to have you purchase something you can’t afford or don’t want.
Visit several car dealerships to inspect the assorted car sales and take plenty of notes. Then return to the car dealership of your choice at the end of the month when dealers are eager to make a quick car sale. Chances are you’ll get a great deal on a fantastic new or used car.
4) Forgo the extended warranty and extras.
You don’t need an extended warranty, though the salesman will make you worry and fret until you shell out the extra money to pay for the warranty. Most of the time, if you care for your car properly and maintain it according to the factory specifications you won’t need an extended warranty.
If you really think you should purchase one, wait as long as possible. Most companies allow you to wait until you’re close to the end of your regular warranty to purchase one. By then you’ll know how much maintenance your vehicle needs. If it’s a lemon by nature then an extended warranty might be a good idea in the long run.
You don’t need most of the extras offered, like rust-proofing, paint protection, tinted windows and life insurance. Educate yourself about what you need and what you don’t to keep from paying unnecessary charges.
Verify how much you’re paying for hidden charges such as shipping and preparation charges. Most of the time you can negotiate these charges down in your car sale.
5) Consider Used vs. New
New cars depreciate quickly the first two years of ownership. In fact, expect your $20,000 new car to cost you almost $7,000 in depreciation and interest rates alone (with a 6.9% loan) during that time. When you buy a used car the original owner has already absorbed the depreciation costs, leaving you with a good car that’s worth every penny.
However, the car sale market may be so slow that good deals can be had when buying a new car over a used car. It’s essential to be aware of how much car you can afford to buy and to guard against getting suckered into buying more car than you can afford.
Used Car Purchase Tips:
The uncertainty about a cars history–whether it’s been well taken care of or possibly damaged by an accident–can make some people leery about buying a used car. When buying used, it’s important to look for a car that has been properly maintained and an owner who has the records to prove it.
When buying used consider forgoing the financing and instead buy outright. Financing is a way car dealers to make money off of used car sales. Opting to pay for it in full puts money in your pocket.
Don’t be afraid of high mileage. A car driven by Grandma on weekends could actually have more problems because an idle car usually has problems associated with sitting around, such as plugged lines or rusty breaks. If you’re unsure about buying a used car because you don’t know enough about how cars work, consider spending the money to get a vehicle inspection from a reputable garage.
Buying a car, new or used, is a big expenditure. Unfortunately, most people go to the car dealership thinking they have to pay the full sticker price of the car, not realizing there are many ways to save money. It’s also important to know how the dealers make their money on each car sale. Such knowledge will help you get the very best price on your next vehicle.
1) Know how much the car is worth.
Do your homework and research your car choices before attending a new car sale or purchasing a used car. You’ll want to know the true value of the car you wish to buy as well as the value of your current car if you wish to trade it in.
Visit the factory website of the model of car you want to see what the factory list price is for each vehicle. For example, Ford’s website (http://www.ford.com/) offers an online vehicle showroom where you can choose your next new car and pick the price range.
Go to several different dealers and research different deals on the same car before purchasing it. A lot of dealers’ prices will differ on the same make and model. Check out the wealth of information on http://www.carsguide.news.com.au which offers price comparisons on your new or used car as well as tips to help you when you purchase.
The Red Book (http://www.redbookasiapacific.com/au/) is an excellent resource to see how much a used or new car is worth. Car dealers make money by marking up the price, as do private sales. Knowing that a car is unfairly priced will help you to save hundreds, if not thousands of dollars.
2) Get the proper financing.
Car dealers can make a bundle of money selling you more car than you can afford by offering you financing for a longer period of time. You can also expect to pay more for lease options if you’re not careful. Banks and finance companies typically offer a lower interest rate than car dealerships. You can also look into financing from the manufacturer of the car for sale—you’ll pay much less in interest than on a loan from the dealer.
Banks take longer to grant approval than finance companies, which can often approve your loan online in minutes.
Never pay for a new or used car on a credit card, as you’ll be paying lots more in interest rates. One of the very best tactics is to get pre-approved for the purchase of a used or new car at a financing institution before you go car shopping. When you’re shopping, don’t tell the car sales associate. A lot of times the car dealer will cut the price of your car, thinking they’ll make money on the financing later. It will be too late to change the price on the car once they realize you already having financing.
3) Buy at the right time of the month.
Most car salesmen work on commission and get incentives for selling the most cars. By the end of the month they know if they need to up their sales and they’ll be more persuasive and aggressive to get that one last sale. However, you can use this need to sell to your advantage.
Visit a car dealership at the beginning or first of the month for an initial visit, but not to buy. This takes some of the pressure off because the salesmen aren’t going to be as persuasive to have you purchase something you can’t afford or don’t want.
Visit several car dealerships to inspect the assorted car sales and take plenty of notes. Then return to the car dealership of your choice at the end of the month when dealers are eager to make a quick car sale. Chances are you’ll get a great deal on a fantastic new or used car.
4) Forgo the extended warranty and extras.
You don’t need an extended warranty, though the salesman will make you worry and fret until you shell out the extra money to pay for the warranty. Most of the time, if you care for your car properly and maintain it according to the factory specifications you won’t need an extended warranty.
If you really think you should purchase one, wait as long as possible. Most companies allow you to wait until you’re close to the end of your regular warranty to purchase one. By then you’ll know how much maintenance your vehicle needs. If it’s a lemon by nature then an extended warranty might be a good idea in the long run.
You don’t need most of the extras offered, like rust-proofing, paint protection, tinted windows and life insurance. Educate yourself about what you need and what you don’t to keep from paying unnecessary charges.
Verify how much you’re paying for hidden charges such as shipping and preparation charges. Most of the time you can negotiate these charges down in your car sale.
5) Consider Used vs. New
New cars depreciate quickly the first two years of ownership. In fact, expect your $20,000 new car to cost you almost $7,000 in depreciation and interest rates alone (with a 6.9% loan) during that time. When you buy a used car the original owner has already absorbed the depreciation costs, leaving you with a good car that’s worth every penny.
However, the car sale market may be so slow that good deals can be had when buying a new car over a used car. It’s essential to be aware of how much car you can afford to buy and to guard against getting suckered into buying more car than you can afford.
Used Car Purchase Tips:
The uncertainty about a cars history–whether it’s been well taken care of or possibly damaged by an accident–can make some people leery about buying a used car. When buying used, it’s important to look for a car that has been properly maintained and an owner who has the records to prove it.
When buying used consider forgoing the financing and instead buy outright. Financing is a way car dealers to make money off of used car sales. Opting to pay for it in full puts money in your pocket.
Don’t be afraid of high mileage. A car driven by Grandma on weekends could actually have more problems because an idle car usually has problems associated with sitting around, such as plugged lines or rusty breaks. If you’re unsure about buying a used car because you don’t know enough about how cars work, consider spending the money to get a vehicle inspection from a reputable garage.
Ian Jefferson asked:
If you’re thinking about heading over to an upcoming used car auction, this will be the most important article you’ll ever read. Here’s why.
When it comes to used car auctions, many folks out there aren’t too keen on buying cars simply because they’re afraid they might get ripped off. Sure, things like this do happen, but think of all the great car deals you’ll miss out on, by avoiding going to a used car auction!
Here are 3 simple tips that will help you come out on top at used car auctions:
Tip #1: Have a car dealer accompany you to the auction
You might have noticed that most auctions sell used cars that have been inspected and are open to car dealers only. If you’re keen on visiting such an auction, make sure you get a knowledgeable car dealer to accompany you.
Of course, you can also head over to an auction that displays cars that aren’t inspected, since these types of auctions are often meant for the entire public.
However, more risk is involved because there isn’t a set standard for the used cars being sold. So you do need to be a bit careful before buying one.
Tip #2: Check out the car before immediately going ahead and purchasing it
You’ll find the cars are often sold as is, in most used car auctions out there. This means that neither guarantees nor warranties are offered to the buyer.
So to avoid getting conned by ‘rogue’ car auctioneers, you want to be at a used car auction as early as possible. This way, you can leisurely check out all of the features of the car as well as its overall condition.
Better yet, why not take along an expert on used car auctions. Doing this might not only save you time but also your hard-earned money.
And sometimes, things can happen pretty fast, (e.g. used car auction pros will be impatient to quickly close deals), and if you aren’t very familiar with the whole process, it helps to have an expert on the subject at hand.
Tip #3: Know that all bids are final!
One of the most vital things to keep in mind when buying a car at a used car auction, is that all bids are final once bidding has closed. If yours happens to be the highest bid for a particular model, and if it’s accepted by the seller, then you must pay in cash for the car you’ve bid on.
And depending on the seller, you can expect to pay a deposit of a minimum of five hundred dollars. In case you change your mind later on, you cannot get back your money, because the used car auction has a right to retain your deposit!
You see, this is how it works: the seller sells his car to the used car auction, which is then transferred to you. Even if you decide against paying the full amount, the auction is still obligated to pay the seller. Hence, if you fail to pay up, you can be sued for the entire cost of the car! This is why it’s so important to know what you’re getting into, before going ahead and buying the vehicle.
So the next time you decide to attend a used car auction, keep these tips in mind – chances are, you’ll end up buying a car that will prove to be good value for money!
If you’re thinking about heading over to an upcoming used car auction, this will be the most important article you’ll ever read. Here’s why.
When it comes to used car auctions, many folks out there aren’t too keen on buying cars simply because they’re afraid they might get ripped off. Sure, things like this do happen, but think of all the great car deals you’ll miss out on, by avoiding going to a used car auction!
Here are 3 simple tips that will help you come out on top at used car auctions:
Tip #1: Have a car dealer accompany you to the auction
You might have noticed that most auctions sell used cars that have been inspected and are open to car dealers only. If you’re keen on visiting such an auction, make sure you get a knowledgeable car dealer to accompany you.
Of course, you can also head over to an auction that displays cars that aren’t inspected, since these types of auctions are often meant for the entire public.
However, more risk is involved because there isn’t a set standard for the used cars being sold. So you do need to be a bit careful before buying one.
Tip #2: Check out the car before immediately going ahead and purchasing it
You’ll find the cars are often sold as is, in most used car auctions out there. This means that neither guarantees nor warranties are offered to the buyer.
So to avoid getting conned by ‘rogue’ car auctioneers, you want to be at a used car auction as early as possible. This way, you can leisurely check out all of the features of the car as well as its overall condition.
Better yet, why not take along an expert on used car auctions. Doing this might not only save you time but also your hard-earned money.
And sometimes, things can happen pretty fast, (e.g. used car auction pros will be impatient to quickly close deals), and if you aren’t very familiar with the whole process, it helps to have an expert on the subject at hand.
Tip #3: Know that all bids are final!
One of the most vital things to keep in mind when buying a car at a used car auction, is that all bids are final once bidding has closed. If yours happens to be the highest bid for a particular model, and if it’s accepted by the seller, then you must pay in cash for the car you’ve bid on.
And depending on the seller, you can expect to pay a deposit of a minimum of five hundred dollars. In case you change your mind later on, you cannot get back your money, because the used car auction has a right to retain your deposit!
You see, this is how it works: the seller sells his car to the used car auction, which is then transferred to you. Even if you decide against paying the full amount, the auction is still obligated to pay the seller. Hence, if you fail to pay up, you can be sued for the entire cost of the car! This is why it’s so important to know what you’re getting into, before going ahead and buying the vehicle.
So the next time you decide to attend a used car auction, keep these tips in mind – chances are, you’ll end up buying a car that will prove to be good value for money!
str8loco21 asked:
How many car sales can one make without a dealers license in California? I’ve heard somewhere theres a limit on sales or title transfers. If so how many? Also, does this include family transfers? Thanx
How many car sales can one make without a dealers license in California? I’ve heard somewhere theres a limit on sales or title transfers. If so how many? Also, does this include family transfers? Thanx
AssociatedPress asked:
BusinessNew Analysis Shows Car Sales Take a DiveNew Analysis Shows Car Sales Take a DiveThe Associated PressAs the economy continues to suffer, auto makers are struggling. That trickles down to car dealers who have also seen sales slow dramatically. A new report shows last month G.M., Ford, Chrysler and Toyota had double-digit sales dips. (July 1)This video contains ONLY natural sound. No script is available.