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Author
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Topic: Any autosales guys/gals out there?
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Jdub07
( O Y O )
Member # 2728
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posted
 
 
Have some dealership questions.
First off I have a 2000 Mountaineer no one will buy private party because they don't want to pay what I pay in gas (AWD 5.0's are pigs).
In any case I owe on my Patelco loan $11,300 and have the truck for sale $10,999. KBB is about $14,000 private party. Can I just trade this thing in? Would a dealership take my truck and pay it off if I buy something else from their lot? Granted the miles,condition and year are subject to what I owe?
I need a something that gets better gas milage.
Posts: 7282 | Registered: Apr 2003
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5.t0es
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Member # 5864
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posted
ive bought and sold and traded it over 10 cars in the last 2 yrs...go to kbb.com trade in and subtract 1k and thatll be close
Posts: 2990 | From: eb | Registered: Jul 2005
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Jdub07
( O Y O )
Member # 2728
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posted
okay well I was off a little.
KBB is 13K privat party and almost 11k for trade in. But do dealers pay off your previous loan in order to get another one through them?
Posts: 7282 | Registered: Apr 2003
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Fast_Bitch
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Member # 2316
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you should try and get a loan through techcredit union I bet we can get you a better rate ![[Wink]](wink.gif)
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www.GirlsFmx.com
Think you can keep up ?
Posts: 611 | From: The UnE | Registered: Jan 2003
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rickm347
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Member # 5323
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YES. Whatever the trade in value they offer you, lets just say its only 9,800, and you owe 11,300, they will take the difference (1,500) and put it on top of your new loan. Lets just say that you pick up a gas saver honda or toyota or whatever, for.........8,995 + taxes (taxes being 10%) so that gas saver coming out to 9900. The dealership will finance that "difference" into your new loan, meaning your new balance will be 9,900 + 1,500= $11,400. YOU DONT have to take the offer they make to you on your mountaineer. If you do, negotiate the price on the gas saver. Trust me, negotiate the price on one of the cars because they WANT YOUR BUSINESS. ALSO by law the dealership is supposed to show you the invoice on the car. When you do that they'll usually tell you that they got to keep the lights on, so they'll make you an offer of $100-$500 over invoice. So if the invoice price on the gas saver is 7,100, they'll make you an offer somewhere in the neighborhood of 7,200-7,800. Go ahead and take it and take the offer on your mountaineer. Good Luck and if you have any questions ask me - rickm237, modular5.0, or quickpony. I know that me and those guys are in car sales. Just a lil secret on savin some $$$$$$$ --Rick
Posts: 936 | From: Chico | Registered: Feb 2005
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Jdub07
( O Y O )
Member # 2728
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posted
quote:
Originally posted by rickm237:
YES. Whatever the trade in value they offer you, lets just say its only 9,800, and you owe 11,300, they will take the difference (1,500) and put it on top of your new loan. Lets just say that you pick up a gas saver honda or toyota or whatever, for.........8,995 + taxes (taxes being 10%) so that gas saver coming out to 9900. The dealership will finance that "difference" into your new loan, meaning your new balance will be 9,900 + 1,500= $11,400. YOU DONT have to take the offer they make to you on your mountaineer. If you do, negotiate the price on the gas saver. Trust me, negotiate the price on one of the cars because they WANT YOUR BUSINESS. ALSO by law the dealership is supposed to show you the invoice on the car. When you do that they'll usually tell you that they got to keep the lights on, so they'll make you an offer of $100-$500 over invoice. So if the invoice price on the gas saver is 7,100, they'll make you an offer somewhere in the neighborhood of 7,200-7,800. Go ahead and take it and take the offer on your mountaineer. Good Luck and if you have any questions ask me - rickm237, modular5.0, or quickpony. I know that me and those guys are in car sales. Just a lil secret on savin some $$$$$$$ --Rick
That was just the information I was looking for thank you!
Posts: 7282 | Registered: Apr 2003
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rickm347
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Member # 5323
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posted
Also, they have to show you the invoice ONLY if YOU ASK for it, so dont forget--dont be scared, dont feel like theyre belittling you, stand your ground and let them know that you are not in ANY big hurry to get rid of the mountaineer. LISTEN AND READ THIS, dont show a lot of interest in the car --rick
Posts: 936 | From: Chico | Registered: Feb 2005
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putter
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Member # 4253
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Instead of showing you the invoice they can always say NO. There is no law that says they have to show you an invoice lol. Also if they were to sale the vehicle at $500 over invoice how can they add the NEGATIVE equity to the vehicle? They cant thats illegal! This guy is spinnin you for a loop. Youre in a tough spot the dealership doesnt have peolpe begging for gas hogs and asking to pay full price just look at the guy above me. Your trade is gonna be hard.
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KEEP THE SHIT REAL!
Is someone posting a bunch of B/S and lies? PM me Ill bust em out for ya!
Sellers Beware WayfastYtee "BAD TRADER"
Posts: 626 | From: sacramento | Registered: Mar 2004
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rickm347
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Member # 5323
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posted
Instead of showing you the invoice they can always say NO. There is no law that says they have to show you an invoice lol. Also if they were to sale the vehicle at $500 over invoice how can they add the NEGATIVE equity to the vehicle? They cant thats illegal! This guy is spinnin you for a loop. Youre in a tough spot the dealership doesnt have peolpe begging for gas hogs and asking to pay full price just look at the guy above me. Your trade is gonna be hard.
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Hope to get into the teens on some juice?
They add the negative equity by reducing the price of the car (invoice plus 500 or whatever) then they add the negative equity to the car that youre buying so that you wont be financing a vehicle thats for sale more than its worth. It not neccessarily adding it to the car, rather theyre giving you more for your trade, if you want to think of it that way. either way this works and btw--have you worked at a dealership?? also your sig says "hope to get in to the teens on some juice" what the ruck are you bringing to the track--your chevroLEGS??? hahahahahah ![[Big Grin]](biggrin.gif) --rick
Posts: 936 | From: Chico | Registered: Feb 2005
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putter
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Member # 4253
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8yrs in sales and i can tell by the way you talk your not in sales. All im saying is the final price is the price you agree to plus the negative meaning $500 over plus the negative wich we will call $1000 so in reality $1500 over. also they will for sure show you the negative equity number. also kbb.com is not recognized by any lending institution karpower kbb is the program used and it costs $500 bucks. They cannot agree to $500 over and on a special line write in $1000 negative equity to the cost. and off hand i cant think of any car that runs over the teens can you? doot doot ![[worship]](graemlins/worship.gif)
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KEEP THE SHIT REAL!
Is someone posting a bunch of B/S and lies? PM me Ill bust em out for ya!
Sellers Beware WayfastYtee "BAD TRADER"
Posts: 626 | From: sacramento | Registered: Mar 2004
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MINGRYGT
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Member # 2439
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that is how its done, the negative is financed on top of the car.. all you car salesmen in here and no one has asked for the business. Anyway what kind of car are you looking for?? I can make you an awesome deal. I work at a vw store and have 100+ new cars in stock, and almost any make and model on my used lot.. Im the sales manager here so let me know.
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R.I.P. MIKE STARKEY 5-17-03
Posts: 488 | From: Concord | Registered: Feb 2003
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putter
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Member # 4253
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posted
I made the move to a dinky used car lot in roseville we only stock 25 cars or so. doubt i got anything he wants.
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KEEP THE SHIT REAL!
Is someone posting a bunch of B/S and lies? PM me Ill bust em out for ya!
Sellers Beware WayfastYtee "BAD TRADER"
Posts: 626 | From: sacramento | Registered: Mar 2004
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MINGRYGT
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Member # 2439
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quote:
Originally posted by putter:
I made the move to a dinky used car lot in roseville we only stock 25 cars or so. doubt i got anything he wants.
how many cars a month do you sell?? if your any good, i'll hook you up with a job.
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R.I.P. MIKE STARKEY 5-17-03
Posts: 488 | From: Concord | Registered: Feb 2003
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putter
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Member # 4253
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DIU Im screwed for a while at a new car dealership. I have some top man plaques ![[Cool]](cool.gif)
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KEEP THE SHIT REAL!
Is someone posting a bunch of B/S and lies? PM me Ill bust em out for ya!
Sellers Beware WayfastYtee "BAD TRADER"
Posts: 626 | From: sacramento | Registered: Mar 2004
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cobraracer46
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Member # 1142
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posted
quote:
Originally posted by Jdub07:
Have some dealership questions.
I owe on my Patelco loan $11,300 and have the truck for sale $10,999. KBB is about $14,000 private party. Can I just trade this thing in? Would a dealership take my truck and pay it off if I buy something else from their lot? Granted the miles,condition and year are subject to what I owe?
Unbelievable how some people can never break bad habits. It looks like you haven't learned your lesson that credit stinks worse than dog shit, have you? It appears that you have already forgotten about all those payments on your gas guzzler SUV that ripped off money from your income every month and put you in a upside down situation so now you wanna jump right back into the snake pit, I mean car dealer, and throw money down the toilet again by making payments on a asset that goes down the toilet in value? All of the scum bag snakes at the dealer will always tell you that the only way to buy a car is to make payments on it and that's fine if you wanna fund their bank account, but if you wanna grow your bank account or any investment you might have ,you buy shit you can afford with cash so you have control of your income, instead of some faggot at a bank or a piece of shit snake behind some desk at a car dealer having control over your income. Think about it. By the way while on the subject of car dealers, am I the only one who chuckles when ever I see a car dealer "credit specialist" also known as a "rip off artist" say: No credit, bad credit, repossessions, bankruptcy, we can help! in a ad? Ha HA, I always do! ![[Smile]](smile.gif)
[ October 26, 2005, 12:45 AM: Message edited by: cobraracer46 ]
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2001 SVT cobra convertible with a Viper T56, Fikse wheels, Griggs frame kit, roll bar, Vortech, 4:30 gears, brembo GT brakes and more.
Posts: 1172 | From: Woodside California | Registered: Apr 2002
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Jdub07
( O Y O )
Member # 2728
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posted
quote:
Originally posted by cobraracer46:
quote:
Originally posted by Jdub07:
Have some dealership questions.
I owe on my Patelco loan $11,300 and have the truck for sale $10,999. KBB is about $14,000 private party. Can I just trade this thing in? Would a dealership take my truck and pay it off if I buy something else from their lot? Granted the miles,condition and year are subject to what I owe?
Unbelievable how some people can never break bad habits. It looks like you haven't learned your lesson that credit stinks worse than dog shit, have you? It appears that you have already forgotten about all those payments on your gas guzzler SUV that ripped off money from your income every month and put you in a upside down situation so now you wanna jump right back into the snake pit, I mean car dealer, and throw money down the toilet again by making payments on a asset that goes down the toilet in value? All of the scum bag snakes at the dealer will always tell you that the only way to buy a car is to make payments on it and that's fine if you wanna fund their bank account, but if you wanna grow your bank account or any investment you might have ,you buy shit you can afford with cash so you have control of your income, instead of some faggot at a bank or a piece of shit snake behind some desk at a car dealer having control over your income. Think about it. By the way while on the subject of car dealers, am I the only one who chuckles when ever I see a car dealer "credit specialist" also known as a "rip off artist" say: No credit, bad credit, repossessions, bankruptcy, we can help! in a ad? Ha HA, I always do!
Ummmmm yeah ,... good for you bud. Sounds like you have some issues, so I'm glad you have a way to cope. HA HA. ![[Roll Eyes]](rolleyes.gif)
Posts: 7282 | Registered: Apr 2003
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cobraracer46
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Member # 1142
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posted
I certainly have big issues with some one other than my self having control over my income. When you have a shit load of payments all over the place, your paycheck automatically gets handed over to a hole bunch of other people other than your self and as a result, you are robbed from the opportunity to save and invest because every month, your income is getting ripped off by payments. Do you ever stop and wonder why you see very old people working at McDonald's or Walmart?
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2001 SVT cobra convertible with a Viper T56, Fikse wheels, Griggs frame kit, roll bar, Vortech, 4:30 gears, brembo GT brakes and more.
Posts: 1172 | From: Woodside California | Registered: Apr 2002
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stangless
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Member # 1414
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becuase they never invested. you can only save so much money. cobra racer,no disrespect, but you seem like the type of guy that will put every single penny he's got in the bank. what investments do u have? your house? you need more than that.
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=(
Posts: 4634 | From: bay | Registered: Jun 2002
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cobraracer46
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Member # 1142
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posted
quote:
Originally posted by Jmir018:
cobra racer,no disrespect, but you seem like the type of guy that will put every single penny he's got in the bank.
None taken. ![[patriot]](graemlins/patriot.gif) I admit that I'm a tight wad when it comes to money, but I also understand that I need to enjoy spending it, up to a point. You are right that you need to spread out your investments and putting money into a lot of different long term mutual funds is one one way I invest.
Posts: 1172 | From: Woodside California | Registered: Apr 2002
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MINGRYGT
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Member # 2439
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posted
quote:
Originally posted by cobraracer46:
quote:
Originally posted by Jdub07:
Have some dealership questions.
I owe on my Patelco loan $11,300 and have the truck for sale $10,999. KBB is about $14,000 private party. Can I just trade this thing in? Would a dealership take my truck and pay it off if I buy something else from their lot? Granted the miles,condition and year are subject to what I owe?
Unbelievable how some people can never break bad habits. It looks like you haven't learned your lesson that credit stinks worse than dog shit, have you? It appears that you have already forgotten about all those payments on your gas guzzler SUV that ripped off money from your income every month and put you in a upside down situation so now you wanna jump right back into the snake pit, I mean car dealer, and throw money down the toilet again by making payments on a asset that goes down the toilet in value? All of the scum bag snakes at the dealer will always tell you that the only way to buy a car is to make payments on it and that's fine if you wanna fund their bank account, but if you wanna grow your bank account or any investment you might have ,you buy shit you can afford with cash so you have control of your income, instead of some faggot at a bank or a piece of shit snake behind some desk at a car dealer having control over your income. Think about it. By the way while on the subject of car dealers, am I the only one who chuckles when ever I see a car dealer "credit specialist" also known as a "rip off artist" say: No credit, bad credit, repossessions, bankruptcy, we can help! in a ad? Ha HA, I always do!
its not even fun to argue with you or clown you anymore. You seem like a pitiful old man. Sorry life turned out this way for you. If you ever want to make any real money I can hook you up with a job, then you want have to worry about where all your payments are going.
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R.I.P. MIKE STARKEY 5-17-03
Posts: 488 | From: Concord | Registered: Feb 2003
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cobraracer46
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Member # 1142
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posted
You know what MINGRYGT, I always have fun discussing financing with you. By the way, I always wonder how car dealer finance guys can sleep at night after ripping people off all day long. Case In point: right now, one dealer in San Jose is offering a 97 Ranger for "only" 1000 down and $199 a month for 48 months. In that case the dealer got bought the ranger for close to the down payment price, so all the payments made on it are gravy for the dealer.
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2001 SVT cobra convertible with a Viper T56, Fikse wheels, Griggs frame kit, roll bar, Vortech, 4:30 gears, brembo GT brakes and more.
Posts: 1172 | From: Woodside California | Registered: Apr 2002
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Jdub07
( O Y O )
Member # 2728
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posted
I can see what he's saying to a point. If had vehicle debt that was extreem along with credit cards and such. My payments are $200 a month at 4% interest. I feel its a pretty good rate. I bought the car for 3k less than KBB all before gas prices went so high (Katrina). Can't for-see something like that.
Can I afford the gas and payments? Yes. Do I want to pay the gas prices? Nope. My situation isn't as dismal as it might have originally sounded. Just looking for an alternative. My only debt is the $200 a month car payment. No house payment, no student loans, no credit card debt. I'm a tight wad too and refuse to put myself or family in a binding situation.
Like I said I can understand cobraracer but don't think his post applies to me or my situation.
PS. If you had $11K cash to outright buy a car for you, your wife, 2 year old and dog what would you get? Just interested
Posts: 7282 | Registered: Apr 2003
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MINGRYGT
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Member # 2439
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posted
quote:
Originally posted by cobraracer46:
You know what MINGRYGT, I always have fun discussing financing with you. By the way, I always wonder how car dealer finance guys can sleep at night after ripping people off all day long. Case In point: right now, one dealer in San Jose is offering a 97 Ranger for "only" 1000 down and $199 a month for 48 months. In that case the dealer got bought the ranger for close to the down payment price, so all the payments made on it are gravy for the dealer.
you really have know idea what your talking about do you? Let me repeat myself 1 MORE TIME, finance charges do not, I repeat DO NOT make the dealer any money, unless the dealership holds its own paper. Since you know what your talking about then you know what that means. I help a lot of people with bad credit get into cars that they want and keep there payment low so they can afford it. Yes I can sleep at night. I'm not in finance any more either. Turns out I'm so good at "ripping people off" that I got promoted.. Learn a little more about this subject before you sound any sillier.
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R.I.P. MIKE STARKEY 5-17-03
Posts: 488 | From: Concord | Registered: Feb 2003
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MINGRYGT
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Member # 2439
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posted
quote:
Originally posted by Jdub07:
I can see what he's saying to a point. If had vehicle debt that was extreem along with credit cards and such. My payments are $200 a month at 4% interest. I feel its a pretty good rate. I bought the car for 3k less than KBB all before gas prices went so high (Katrina). Can't for-see something like that.
Can I afford the gas and payments? Yes. Do I want to pay the gas prices? Nope. My situation isn't as dismal as it might have originally sounded. Just looking for an alternative. My only debt is the $200 a month car payment. No house payment, no student loans, no credit card debt. I'm a tight wad too and refuse to put myself or family in a binding situation.
Like I said I can understand cobraracer but don't think his post applies to me or my situation.
PS. If you had $11K cash to outright buy a car for you, your wife, 2 year old and dog what would you get? Just interested
I can see where cobraracer is coming from about the finance charges, but thats it. Unfortunately banks charge money to barrow from them. I think hes so upset because he has bad credit and probly financed a car with an extremely high rate. If you buy a car and your rate is 20% its no ones fault but your own.. pay your bills on time and get rewarded with low interest rates.
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R.I.P. MIKE STARKEY 5-17-03
Posts: 488 | From: Concord | Registered: Feb 2003
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cobraracer46
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Member # 1142
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posted
MINGRYGT deos not speak the truth. When some one with bad credit walks into a car dealer to get a loan, they are going to get ripped off because some one like MINGRYGT will "help" them out by setting them up with "low" payments for some rediculous term like 72 mounths so instead of paying cash for a 7000 car, you end up spending almost twice as much when all is said and done just because you only look at the payment. It's just like getting a washing machine at a rent to own store and making a "low" payment of only $90 a week for a total cost of 1500 instead of paying cash for a 200 washing machine! If you fail to look at the big picture and only look at the payment and say "I can afford that" then you will always get burned.
[ October 27, 2005, 12:22 AM: Message edited by: cobraracer46 ]
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2001 SVT cobra convertible with a Viper T56, Fikse wheels, Griggs frame kit, roll bar, Vortech, 4:30 gears, brembo GT brakes and more.
Posts: 1172 | From: Woodside California | Registered: Apr 2002
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