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Be on the Lookout for Sleazy Car Dealer Tactics!
By Tony Iorio
In the same way that I give you tips, tactics and
strategies to save you money by outsmarting the
car dealers, they have their own set of tactics
and tricks that they use to separate you from your
hard earned money!
Keep in mind that the salesperson you deal with
in a car dealership is just one "cog" in the
"sales machinery."
Backing up the salesperson are the Sales Manager,
the Used Car Manager, the Finance Manager and
often the Floor Manager or the "Closer!" When you walk into a car dealership you're going up against a whole Team of Sales Professionals!
For the most part the salesperson is the only
person you interact with during a car deal. They
will however, bring out the "Big Guns" if the deal is falling apart and you're ready to leave.
Nevertheless, behind the scenes this entire team puts their heads together, and brings enormous expertise
and creativity to bear on the process of getting
you to buy a car from them. . . "TODAY!"
Don't be intimidated....just be prepared! Make them
conform to the way YOU want to deal. Not visa
versa! Explore this website for all the
information you'll ever need to stay one step
ahead of them!
BEWARE OF THE LIES!
Of course, you must always be on guard against the
salesperson flat out lying to you. I'm not saying
that they all do it, but some will tell you
anything you want to hear in order to close the
deal.
Here's an example as written by the person it
happened to:
"In April of this year, I needed a new car. I went and found something I liked...2001 Explorer Sport
Trac. So I decided to get it . . . LEASED it for 4
years.
"The Business Manager rushed us through paperwork,
because there were many people waiting in the
lobby. He told us that they were new with this
financial company, but that if we ever wanted out
of the lease, just pay $375 and walk away.
"My husband said 'That's it? Just pay $375 and
walk away?' The Business Manager said
'yes . . . that is it!'
"He said we would get a payment book in the mail,
and just wait until that happens to start making
payments. Two months later the bank calls wanting
to know why we have not paid. So we ended up
putting 2 months on a credit card to get caught
up.
"Well 4 months into this lease, I lost my job. (You know what's coming huh?) I called the dealer and told him I wanted to pay the $375 and get out of
the lease...come to find out, I would have a repossession
on my credit if I did that!
"I am so angry that they did this. Yes, I guess I should have asked more questions or something, but
I trusted him to do the right thing. I had never
leased before, and thought that it sounded good.
And he basically lied to us. The whole experience
just seems to keep getting worse and worse. Help!"
Listen To Me, Please. . . before you sign anything, read it, in order to verify the truth of everything you were told and
promised.
The Finance Manager that this poor unfortunate
person dealt with should be tarred and feathered
and hung upside down by his ankles from the
dealership sign!
GUARD AGAINST THEM TAKING CONTROL!
It's important for the salesperson to gain some
control over you when you are dealing on a car, so
that you can't just get up and leave when they
"tick" you off! And trust me, they will "tick"
you off!
So, to that end they will keep your keys to your
trade after appraising it, or they will try hard
to get a deposit out of you before you make a
deal, and then use it as leverage to keep you from leaving.
They know that you're not leaving without your
deposit, and you can't leave as long as your keys
are in the manager's drawer!
This gives them more chances to close you . . . which
is the sole purpose for them wanting control.
I once worked for a sales manager who wouldn't
even talk to me until I brought in a deposit.
Even if I got the customer to sign a deal stating
that he or she would buy the car at a set price,
this manager would throw me out of his office
until I got a deposit! Very frustrating!
Then if I came back in with $50 or $100 I would
get yelled at for being too weak! He wanted
thousands not hundreds! The theory is the bigger
the deposit the more serious the customer is, and
the more control the dealer has over you!
The bottom line here is don't give a salesperson
any deposit until after you have a firm deal
signed by the Sales Manager. And if they appraise
your trade get your keys back before you continue
with the deal! If they won't cooperate tell them
you're "gone!" Go somewhere else, and eventually you will find an honest and decent salesperson to
deal with...or at least an inexperienced one!
BEWARE OF BEING TURNED INTO A "TODAY BUYER!"
Car salespeople know they have to get you when
you're "HOT," or when you're all worked up
emotionally. Their goal is to get you to this
"fever pitch" the first time you're in the
dealership. Have you ever heard a car salesperson
say "What's it going to take to get you in this
car TODAY?"
They will go to great lengths - as we car
people call it - to turn you into a "Today Buyer!"
And if they can get you to agree to buy your first
time in, they are going to do everything they can
to get you down the road in your new vehicle
"Right Now!" Everything is Now, Now, Now! In the car business there's No Tomorrow!
They don't want to give you a night to think it
over. You may start having second thoughts after
the euphoria wears off. This is called "Buyer's
Remorse"...the car salesperson's worst nightmare!
BEWARE OF THE "SPOT DELIVERY!"
Now, they have this thing they do called a "Spot
Delivery." Once you agree to buy they're going to cram you into the Finance Office and rush you
through all the paperwork. While this is going on,
the salesperson is scrambling around trying to get
the car cleaned up and ready to go!
As far as they are concerned you are going down
the road in your new or used car NOW! They're not going to give you the chance to think about it!
From my own experience, I have noted that no
matter how apprehensive the customer gets when you
rush them into their new car, they clearly sigh
in relief once the paperwork is signed and they
are about to leave in their new vehicle. In their
own mind the deal is done, so there is no reason
to give it any more thought!
SO BEWARE. . . the Psychology Works!
Often, if you are allowing the dealer to handle
the financing (Bad Idea), the Finance Manager will
throw together some bank papers for you to sign,
and then, usually, after you're down the road, he'll get
the deal approved at the bank, and hope they go
along with the rate and terms that he signed you
up for!
If for some reason they can't get the deal put
together with the bank whose paperwork you signed,
they have to go to another bank then get you back
in to sign new paperwork!
If this happens Watch Out! I guarantee you the
payment is going up, or the term is going to be
longer. If they can't get the loan bought anywhere
then they have to get the car back from you! Not a
pleasant situation for them or you!
It's a crazy, high pressure system and you don't
want to get caught up in it. This is why it is so
important for you to be fully prepared before you
ever step foot on the car lot!
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"Most" Popular Resources for FREE Info & Quotes!
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BEWARE OF THE F & I or FINANCE OFFICE!
The Finance Dept. in the dealership, otherwise known as the "Business Office" or the "F&I Dept." has only ONE JOB;
To make sure you walk out with the HIGHEST PAYMENT POSSIBLE!
What the public doesn't realize is that the dealership makes as much, and often more money in the Finance Office than it does on the actual sale of the vehicle!
Read more...
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DON'T MENTION YOU HAVE A TRADE
Car sales people hate it when you don't tell them you have a trade until after you negotiate a price on the car
you want to buy! (A basic technique of the
"InsiderCarSecrets Brigade!")
You know why? Because you've just backed them
into a corner.
Now they have to tell you what they are really
going to give you for your car, and you're
probably not going to like it much!
If you tell them from the beginning they will try to get you to believe that they are giving you more for your trade than they are really giving you. This is done by manipulating the sales figures on the buyer's order. It's kind of like playing a numbers "shell game!"
Read more...
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ABOUT YOUR CAR LOAN PAYOFF. . .
The "payoff" is the amount of money remaining on YOUR car loan! This is money that YOU owe! The car
dealer doesn't owe it! You do!
So, when you trade in your vehicle, the "payoff"
balance must be paid off, or the bank will not
release your title to the car dealer you're trading to!
Read more. . .
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BEWARE OF CAR DEALER ADS. . .
It never ceases to amaze me how so many people fall for the phony nonsense that car dealers put in their ads! Yet week after week you see the most outrageous ads run by the car dealers. And let me tell you, those big color newspaper ads aren't cheap!
Whatever you think the ads are saying, Don't Believe Them! There's a catch, an angle or something misleading in MOST car ads.
I emphasize "MOST" because there ARE honest dealers out there who have too much integrity to pull some of the shenanigans that go on!
By the way. . . the sole purpose of all the gimmicks you see in car ads, is to get you in the door at the dealership, and not let you leave until you buy a vehicle.
Read more. . .
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