dealership on ch 4

1jim

Jamie_Carter wrote: »

That's how many sales staff operate, in many different retail professions. You only have to visit any large retail park to realise this.

The best way to combat this is to research the subject first.

I agree, I think that's what I said in one of my earlier posts

I generally know what I want to pay and that's usually a reasonable (but close to lowest possible) price. Have usually done the research before as well.

Recent exception to this was when I went to pick up some roof bars from a Kia dealership for my sportage, we were pretty sure we wanted to get a new car and wanted to see size difference between rio and a picanto, had no intention to buy at that time and told salesman that straight off. Still went for a test drive though as he didn't mind.After test drive he gave us quote for the picanto (book price) and a price on trade in, was affordable but I suspected there were deals to be had. Returned home found carquake as being cheapest broker, got part ex value from their dealer and a finance quote. 30 minutes later called salesman and gave him opportunity to get near the broker price, came within £25 of it so car duly ordered, all very amicable and dare I say it, the start of a lasting customer relationship (although will only be wanting to pay bottom prices in future too).

However, had he tried any guilt trips on me, the wife or the kids i would have just moved on and got from elsewhere. Always surprises me how many people fear walking away from sales people when they are being out under pressure......surely that's why god invented the Internet?

1jim

albionrovers wrote: »

He was an actor, hence the interviews on a comfy couch away from the garage. It's only TVland.

Not sure I'm buying that, I think he really was that stupid, and as for post ridiculing interviews, that was his 5 minutes of fame!

TradePro

Jamie_Carter wrote: »

Loan through Sainsburys Bank on a £7k loan:

Monthly repayment£214.85
Total repayable£7,734.60
Representative APR6.8%

So what is the point in going through the dealers finance company? Obviously the dealers want you to so that they get their commission.

That's only over 3 years, and considerably higher than the monthly budget the buyers were trying to aim for.

Also, whilst Sainsbury's advertise a typical APR of 6.8%, not everyone can get it.

The dealer could have arranged a 3 year plan at around £220 per month by my calculations, so the buyers would have only paid back around £200 more, and had the benefits of car finance over personal loan, of which there are a few - plus the ease of the 'one stop shop' for the whole deal.

TradePro

smashingyour... wrote: »

What makes you say that?

He bought a 20k car last year.

What you driving? An old Golf, so by your logic you must be yts.

It said he was an assistant manager at Mothercare - they musn't have had any vacancies for bouncers :rotfl:

Jamie_Carter

TradePro wrote: »

That's only over 3 years, and considerably higher than the monthly budget the buyers were trying to aim for.

Also, whilst Sainsbury's advertise a typical APR of 6.8%, not everyone can get it.

The dealer could have arranged a 3 year plan at around £220 per month by my calculations, so the buyers would have only paid back around £200 more, and had the benefits of car finance over personal loan, of which there are a few - plus the ease of the 'one stop shop' for the whole deal.

Oops sorry. loan of £6.5k, as they paid £500 deposit:

Monthly repayment £127.76
Total repayable £7,665.60
Representative APR6.9%

I pasted the wrong figures

1jim

Wonder what second hand car sales people thought of this programme?
And the sales men featured

Wh05apk

1jim wrote: »

. Returned home found carquake as being cheapest broker, got part ex value from their dealer and a finance quote. 30 minutes later called salesman and gave him opportunity to get near the broker price, came within £25 of it so car duly ordered, all very amicable and dare I say it, the start of a lasting customer relationship (although will only be wanting to pay bottom prices in future too).

Personally I would view it differently, no doubt your local dealer was telling you it was a fantastic deal, and you couldn't do better? then suddenly when you found a better deal, they could improve their offer? so until you found better, they were perfectly happy to shaft you?

TradePro

1jim wrote: »

Wonder what second hand car sales people thought of this programme?
And the sales men featured

I'm not a 'second hand car sales person', but do sell some new and used cars as part of my activities.

I thought the successful one, James, was pretty good (obviously) but a bit too over-familiar, it works with some people, but would put as many or more off.

Young Scott was kinda doing what needs to be done, but he was asking for the business before he'd earned the right to, which is why it wasn't working - he was quite nervous, and therefore his potential buyers were too.

TradePro

Wh05apk wrote: »

so until you found better, they were perfectly happy to shaft you?

They weren't shafting him, they were just trying to sell the car at the price it should be - a main dealer has much larger overheads (not to mention their investment into the particular brand) than a broker.

Don't forget, it's not the broker's techies who are going to repair the car, and fund a courtesy car should something go wrong...

They are a business and entitled to attempt to make a bit of profit.

gardner1

TradePro wrote: »

How do you view the price of your house?

Does it include the 25 years of interest you have/will pay through a mortgage?

by the cheapest option I can afford ie lowest rate I can get via bank/building society...and if I couldn't afford it I would save up for it:eek: