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NFT: Car buying advice- have dealer offers - now what?

OnTap : 4/24/2019 9:47 pm
third time's a charm..

here was a thread on here awhile back about buying a car..kinda followed some of the advice since we're looking for same thing (honda odyssey)

We sent out some emails to various dealers saying we want this car with these features and please respond with the FINAL price.

4 responded so far. all around 36K for out the door price. I think it's still way high and I'm not getting the best deal I can.

Reading some forums, it seems like a lot of people are able to get a new odyssey for around 32K but what is the best way to play these offers against each other? just be like 32 is our price and that's final and hope for the best?
Are you comparing Apples to Apples?  
Jim in Fairfax : 4/24/2019 9:52 pm : link
Others may be getting it for 32K, but it is the same trim level/options? Sure you’re comparing the same thing?
ever heard of  
DC Gmen Fan : 4/24/2019 9:55 pm : link
fighting chance program? Supposedly people get cars for 1000s under sale price. Book costs $50 but people swear by it.
Any negotiation involves a counter offer or position  
Giant John : 4/24/2019 10:18 pm : link
Research the car you want down to every item. Research the cost then take a few bucks off that. You will be countered. Assured them you’re looking to buy today. Maybe gets you a few bucks back. You don’t like the deal then walk out. Come back the last day of the month and see how badly they want to sell the car.
Good luck.
RE: Any negotiation involves a counter offer or position  
eric2425ny : 4/24/2019 10:45 pm : link
In comment 14402814 Giant John said:
Quote:
Research the car you want down to every item. Research the cost then take a few bucks off that. You will be countered. Assured them you’re looking to buy today. Maybe gets you a few bucks back. You don’t like the deal then walk out. Come back the last day of the month and see how badly they want to sell the car.
Good luck.


This, and make them think you will finance with them. Get them to agree to a price. Then go secure your own financing from your bank or credit union (provided their rate is better of course) and come in with a check in hand for agreed upon purchase price. They will offer you a better price if they think they are lining up the financing (that’s where the money is for dealers today). Good luck.
If new vehicle,  
RomanWH : 4/24/2019 10:55 pm : link
I found that walking into a dealership with those offers in hand sometimes motivates them to negotiate from a good starting point. If they can't beat what is basically guaranteed at another place, time to walk out.

Also, it really, really helps if you find a dealership where the staff doesn't work on commission. A large volume dealership allows for more return on your money since their priority isn't to nickel and dime you for every last $50 on the sale price... Their priority is to move vehicles off their lot. Does them no good to not make bonus quotas haggling over whether or not you want to pay for small extras.
RE: Are you comparing Apples to Apples?  
Shecky : 4/24/2019 11:10 pm : link
In comment 14402758 Jim in Fairfax said:
Quote:
Others may be getting it for 32K, but it is the same trim level/options? Sure you’re comparing the same thing?


Based on those numbers, very good chance this is the case.
EX goes for around 32k, while the eXL goes for about 36k
I just bought a new truck.  
oghwga : 4/24/2019 11:14 pm : link
Went to three dealers in person. Spent 40 minutes in each. Picked the specific truck I wanted. Dealer I bought from was $3500 less than the others.

Certain cars have more profit or more holdback from the manufacturer. Each dealer has different pressures and motivation. Know what you want and what you want to pay and you'll get the best deal.
Shop the end of the month/quarter/year  
upnyg : 4/24/2019 11:15 pm : link
Dealers will do deals at break-even if they need to hit a target for bulk pricing, quota, etc.

I buy my cars 12/31 if I can hold out that long.
Now tell them  
armstead98 : 4/25/2019 7:52 am : link
You have a few offers and you're going to buy by the end of the month. If they can improve on their offer before then they should let you know.

I bet one of them will drop the price but probably not my much. Dealers don't make as much on a new car as people think. The only reason they would go lower is to hit an incentive from the OEM.
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