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November 30, 2006

Making The Dealer An Offer

Filed under: Automotive News — admin @ 11:20 pm

Making The Dealer An Offer

 by: Kevin Schappell

Before you make an offer you need to find a dealer with the car you want. You have three options in doing this.

  • Drive around all day and night searching for a dealer who has the car you want.
  • Spend countless hours online finding local dealers who have websites. And THEN spend more time digging through their websites to find your new car.
  • Fill out a request form online and have a dealer contact you if he or she has the car you are looking for. This option alone can save you hours of your valuable time.

So you know what you want, you know what it costs, and you where to find it, so how do you go about getting it? First and foremost is getting into a negotiating frame of mind. Always remember you can walk out at anytime and leave your offer on the table. Dealers want you to buy right then and there. They play on your impulses and try to rush you into a deal. Don’t play their game; it’s not the end of the world if you don’t buy right then and there.

Before leaving the house: When you go to the dealer have all your research documents with you incase you have to review anything. It’s always nice to have supporting information when you are trying to get the lowest price.

While at the dealer: Be calm and pleasant, treat the salesperson with respect. He is a working stiff just like you. You will get nowhere being arrogant because you know the true invoice pricing or other details about the dealers pricing.

Making the offer: Explain to the salesman that you have researched the dealer’s invoice price and any incentives they get from selling the car and you have calculated the price you are willing to pay. How much over invoice should you offer? 4% - 6% has been a good number. I would offer 4% over invoice if you trust the dealerships service department and plan on getting your car serviced there. Why offer them less if you like their service? Well they will end up making more money on your in the end by servicing your car. Make sure you mention this to the salesman; it’s a good bargaining chip.

What next? Wait……… if they do not take the deal, politely leave your name and phone number and go home. Better yet go to another dealer and see if they are willing to take your offer. Remember you can always go back and they can always call you when they realize you will not be buying on impulse and really mean business. You have spent hours researching, why throw that away buy getting nervous and signing a deal you do not feel is fair.

About The Author

Kevin Schappell maintains http://www.carbuyersclub.com where he gives advice on car maintenance, buying, selling, insurance, and financing. A mechanical engineer and car guy, Kevin has decided to spend his online time helping others learn about automobiles.

kevin@schappell.com

 

2007 Chrysler 300

Filed under: Automotive News — tonks @ 7:05 pm
Chrysler has decided to add a long-wheelbase body style to this luxury-oriented sedan for 2007. 300 shares its underskin design with the Dodge Charger sedan and Magnum wagon. It comes in base, Touring, 300C, and 300C SRT8 models. All are available with rear-wheel drive. Touring and 300C models are also available with all-wheel drive. Optional for [...]

 

New plastics solutions for automotive applications - Jobwerx

Filed under: Automotive News — automotive news - Google News @ 4:53 pm

New plastics solutions for automotive applications
Jobwerx, WA - 1 hour ago
... new innovative plastics solutions combine the best of processing functionalities and design flexibility creating high value products for the automotive industry ...

 

2007 Mini Cooper

Filed under: Automotive News — tonks @ 3:49 pm
With the Mini Cooper still capable of making people happy and content on both owners and passersby five years after the introduction of the first generation model, the completely new 2007 Mini Cooper still thankfully displays the same insouciant appearance and offers the same fun-loving performance. To meet European environmental and mileage requirements, BMW designed a [...]

 

2007 Toyota Corolla

Filed under: Automotive News — tonks @ 3:39 pm
The larger of Toyota’s compact sedans has decided to drop its sporty model for 2007. Corolla lends its platform to Toyota’s Matrix wagon and the related Pontiac Vibe. Corolla offers base CE, sport-themed S, and luxury LE models. All have a 126-hp 4-cyl engine and manual or automatic transmission. The 164-hp XRS version is discontinued. [...]

 

Employee Pricing from Auto Manufactures; Scam or Sweet Deal?

Filed under: Automotive News — admin @ 3:24 pm

Employee Pricing from Auto Manufactures; Scam or Sweet Deal?

 by: Peter M. Humleker

With all the employee pricing being hyped and advertised on the media I thought I would write a short article on the subject. I have also gotten a lot of questions in emails about the subject.

Here’s the deal: Employee pricing is the lowest price you will ever be able to purchase a vehicle for period.

Employee pricing is usually several hundred dollars below invoice.

So how is the auto dealer making any money selling at employee pricing?

It’s simple… They are reimbursed from the auto manufacture. For example General Motors gives $1500 to the dealer for every car sold at employee pricing.

When you combine employee pricing with the rebates your getting the very best deal possible.

Obviously the dealer is still going to try and up his profit margin in several other ways.

If you are trying to trade in a vehicle then the dealership is going to try and offer you even less than he normally would.

Because of employee pricing everyone and their brother is buying a new car right now and the dealerships are stuffed with used car inventory. Therefore unless they can “steal” your trade they are really not that interested in taking in another used car in their inventory.

If you want to buy a car at employee pricing then this would be the best time to try and sell your trade in vehicle yourself and save yourself the headache of muddying the water with your employee price purchase.

The other question I get asked a lot lately is, “How do I know I am getting the actual employee pricing?”

They are doing national advertising for employee pricing and it is coming from the auto manufacture. When the actual auto manufactures come out with an incentive program the dealers must adhere to it!

If they tried to be dishonest and sell you the car you want above the employee pricing they would be in extreme hot water with the manufacture, could lose their franchise, and get sued.

Therefore you don’t have to worry about not getting the actual employee price if it is advertised. The only time the numbers can get skewed is when you throw in your trade vehicle which you owe money on. Again, this is why I encourage you to sell your vehicle yourself.

Last but not least, just because there are great deals at employee pricing does not mean you should go out and buy a new car. If you can’t afford the car or the payments then it does not matter how good a deal you got.

You’re still putting yourself in financial hardship. Think before you buy!

About The Author

Peter Humleker is a former General Manager of an Auto Dealership and Consumer Advocate. He is the author of Auto Dealer Executive Breaks “Code of Silence!” www.CarBuyingScams.com

 

Group 1 Automotive Announces Corporate Executive Promotions - Business Wire (press release)

Filed under: Automotive News — automotive news - Google News @ 1:02 pm

Group 1 Automotive Announces Corporate Executive Promotions
Business Wire (press release), CA - 58 minutes ago
HOUSTON--(BUSINESS WIRE)--Group 1 Automotive, Inc. (NYSE:GPI), a Fortune 500 automotive retailer, today announced the promotions ...

 

Two automotive component manufacturers to merge - Antara

Filed under: Automotive News — automotive news - Google News @ 9:33 am

Two automotive component manufacturers to merge
Antara, Indonesia - 1 hour ago
Jakarta (ANTARA News) - Automotive component manufacturers PT Selamat Sempurna (SMSM) and PT Andhi Chandra Automotive Products (ACAP) will merge their ...

 

High performance adhesives dominate automotive engineering - Jobwerx

Filed under: Automotive News — automotive news - Google News @ 7:45 am

High performance adhesives dominate automotive engineering
Jobwerx, WA - 15 minutes ago
Rapid advances in robotics as well as modern high performance adhesives are playing an increasingly important role in the automotive industry. ...

 

Ford F-150: The Top-Selling Vehicle of All Time Hits the Road Anew; Best Quality Ford Parts offered by Parts Train

Filed under: Automotive News — admin @ 7:23 am

For the company that sets the world standard and major innovations in car building, it is not surprising that Ford vehicles can generate car sales enough to shatter records after records. More than a century of marked excellence proved that any Ford vehicles to hit the road are built tough.

One of these is the Ford F150 that has been in the top of the list as the best-selling trucks in America for almost three decades. In 2003, the F150 sold 850,000 units in one year to become the best-selling vehicle overall for the past 22 years. Last year it sold its 912,000 unit for a single year to extend their winning streak topping its class for 28 straight years and to 23 years as the overall best-seller. This made the F-series the top-selling vehicle of all time with almost 30 million units solcrashing the records of the Ford Model T (15million units) and the Volkswagen Beetle (20million units).

The new F-150 is part truck, part barn, and part limousine that posses the best combination of safety, luxury, practicality, and use that makes it the American vehicle whether he lives in urban or in the farm. Its full-size body is capable of carrying the greatest load in its class and with 202-horsepower 4.2-liter V6 engine and optional 5-speed manual transmission for the 2005 model; it is the best hauling machine in terms of capability in its division.

Ford improves its design in 2005. It offers the widest variety of body trims: three cab choices, three box lengths two box styles, and five unique series: the entry level F-150 XL, F-150 STX, all-purpose F-150 XLT, the though F-150 FX4, and the stylish F-150 Lariat. The F-150 King Ranch is new for the 2005 series. All feature four doors for easy entry and exit.

The 2005 F150 is equipped with 4-pin trailer tow connector wiring, power 4-wheel vented disc with Anti-lock Brake System (ABS), cargo bed tie-downs, 4.2L EFI V6 with 5-speed manual transmission (Regular Cab 4×2 XL, STX, XLT). Meanwhile the 4.6L EFI V8 has 4-speed automatic transmission (Regular Cab 4×4; SuperCab XL, STX, XLT, SuperCrew XLT), Mechanical shift-on-the-fly, and more as standard features.

It night be an overstatement when we say that best-handling, quietest, most car-like full-size pick-up truck ever existed in the industry but it pays to prove for yourself what the Ford F-150 can offer.

Simply click on http://www.partstrain.com/ShopByVehicle/FORD/F150 and choose from its extensive stock of Ford body parts like fuel tanks, spoiler, radiator, electrical parts, engine parts, hood, hubcaps, condenser, bumper, catalytic converter, exhaust, fender, and grille. All are available to you in great discounts and wholesale deals at Partstrain.

About the Author

Jenny McLane is a 36 year old native of Iowa
and has a knack for research on cars and anything
and everything about it. She works full time as a
Market Analyst for one of the leading car parts suppliers
in the country today.

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