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- เผยแพร่เมื่อ 26 มิ.ย. 2024
- How to sell a car like a professional: • How to sell your car l...
Ed's most profitable flip: • Most profitable car fl...
Ed got his dream Lambo for free: • How I got my dream Lam...
@EdBolian reveals his strategy to justify low offers in car deals.
Exotic Car Hacks has taken the financial tricks, depreciation calculations, and ownership loopholes that industry insiders have been using for years to mitigate their car ownership expenses and made them available to the masses. Check out vinwiki.com/r/ech to join their community for an incredible discount I've shrewdly negotiated on your behalf.
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#CarBuying #Lowball #Negotiation - ยานยนต์และพาหนะ
![Low-Ball Offers Without Offending the Seller? [#AskBP 006]](http://i.ytimg.com/vi/lYZCxKC1soE/mqdefault.jpg)
1-I sold my car.
2-how bad was it ?
1-I sold it to Ed
2-im so sorry
1-I bought car.
2-did you make a charitable donation ?
1-I bought it from Ed
2-im so sorry
James May wants his shirt back
Haha. Probably true.
@@EdBolian haha he called you a Cannonball Run record holder Capt. Slow......
Lol
And i want to know where to buy it
Quarantine has provided enough time for us all to make many a bad decisions and discover past bad decisions in our closets.
I got a free car.
On the test drive the seller was driving and the timing belt broke. I didnt need the engine since I had a swap for it. I only said. Well I dont think I could do 1k now. He said . i will sign the title. Just take it.
Beat that Ed 😂
What car was it?
So basically we just need to go the night before to the dealership and snip some wires and were good right?
@@houndsmaster34 go to bugatti of miami
I got a car as part trade for some work that i had done. Never even got to see it as before the end of the day a friend offered me more than the value of the work i performed so i sold it to him and he went and collected it. Best car sale i ever made.
@@SonOvaSon a 2001 mirage. Nothing special. Still free.
Its always fun lowballing, until it happens to you... 25 times a day....
The real annoying lowballs are when you get them on the phone or email... BEFORE THEY HAVE EVEN SEEN THE CAR IN PERSON!! ON THE FIRST CONTACT!!
My grandfather was selling a 1995 sierra 3500hd duramax transfer case for 500 bucks. Someone offered me 350 for what they thought was the actual truck
@@jeepjoseph9036 🤣🤣🤣
Right! Worked as a car salesman and it honestly got sickening.
@@richards1816 Its mostly to check temperature and also to see if they accept what you want before you waste time going to see it for the offer to be rejected
There's the car, there's the title and there's the money. Nobody gets to have all three.
Best car buy advice ever. More people should listen to it.
How is that advice
Ed could walk up to anyone and manage to buy their house with the money in his pocket
Na he's not that good
Anirudh Mallikarjun how do you know that
@@anirudhmallikarjun7067 depends on if he hit the ATM first or not
I wonder what he could flip faster a house or the flood Lamborghini
Thats cause he has a thick pocket
I'm going to use this strategy next time I ask out a girl because I'm essentially low balling her
"Look you're kinda ugly but I'm kinda ugly too so we should date"
For some reason I don't think that's gonna work
Give them commitment, lead with "marry me".
Comment of the century 😂
4:30
"After some negotiation, we met right in the middle at my orignal offer."
Golden
This 100% works for buying cheap cars off FB and CL as well. It's the same way I've been doing it for years. If the seller has your word that they'll never hear from you again after you've driven away, that's worth $$ to them. Keep in mind you have to seem trustworthy and be persuasive.
The TLDR I got from this was to just show up ready to close the deal. Which is what most people selling really cheap cars are looking for.
Seriously though, if you are the type of person that would want a third party inspection, you shouldn't be buying a heavily depreciated car. I've gone to look at cars a couple of times, pulled up, seen the condition, sent them a message and left. We have inspections here, once most cars are rotten, they're worthless. I told one guy I couldn't make an offer, he asked for one, I warned him he wouldn't like it and surprise! He didn't like my offer.
@@dafirnz Yup. If you don't show up ready to close the deal you shouldn't have even showed up. And if anyone ever asked to have an inspection on a heavily depreciated car I was selling I'd tell them to leave on the spot as they clearly aren't a serious buyer and it can only lead to trouble for me. Really? It has a coolant leak? NO! You mean the minor one I told you about that is too expensive to repair on a vehicle at this price for me or for you??? Respect the seller. Respect the buyer. Break that respect and I'm out of there.
Robert Hull But it also means you are taking risks, in exchange for the better price. It works well if you are buying many cars, and failing on one deal doesn’t matter if you have 9 other deals to compensate. It is not so good for a casual buyer who wants to buy only 1 car.
My personal favorite tactic is show up with a trailer. They know you’re serious then.
knurlgnar24 if this doesn’t sound exactly like the truck I was just selling🤣. No, I don’t wanna haul it to the local shop for them to charge you $100 to tell you about the pinhole coolant leak, nor the shoddily replaced trans, BOTH of which I just told you about which will definitely turn you off from buying this for your 16 year old
Step 1: Do not message a complete stranger with an offer of 40% what they're asking without ever even looking at the car.
step 2: do not make an offer or "will you take" without even looking at the car or asking questions
Why?
Unless it's a corvette owner because they do price their shit crazy... Or anyone that owns a 80s yoga sports car
Bought a 66 mustang a few days ago using similar strategies, guy was asking 8500 and would absolutely not take 7k for it, after shrewd negotiations we met smack dab in the middle at 7k
Nice job, what did you buy?
vojvoda draza He bought a real nice 1966 Ford Mustang
vojvoda draza yup 1966 mustang 289 with a 4spd manual
What color?
Jerry Jrs Garage it’s a navy blue, not sure what the factory color is called
I'm Ed Bolian, and this is my MasterClass.
I would pay to watch Ed trying to buy and sell his car to himself.
The fastest shrewd sale in history
You had me at “Don’t listen to this”
I love how ed grew up as a utter hooligan but turned into the calm cool collected man we see in front of us today...gives me hope for myself
You just gave away almost 50 percent of exotic car hacks info that they charge for and he’s the sponsor lmao
Exotic car hacks is a rip off. You can learn everything you need to know for free. If you pay the $250 or $500 or whatever that guy charges all you get access to is their Facebook group where he then charges member even more ($1000+ in some cases) for special seminars when he shares his “super secret tips”.
Don’t fall for this guy. I mean if you just watch his videos he sounds like the sleeziest guy ever. Even the Bitconnect people sounded more credible than this guy. He constantly contradicts himself and calls everyone that calls him out a “hater” lol
Not even close man. I haven't been thru his course but have been following him for years, and I know most of the ins and outs of his strategies. PJ's system relies on market irregularities and aggressive negotiation to get great deals on clean cars. It's not hardball and big risk like Ed's tactics AT ALL.
I just bought my first car. I shrewdly negotiated a 1959 Morris Minor from $999 to $500. It's my dream car and I now own it.
That's an awesome ride, looks like a big American sedan from the 50's but... Tiny I love it
Being friendly, approachable and most of all, flexible, will get you into many great deals. I went once to pick up an RX-7 and as I was loading the car on my trailer noticed a motorcycle in the garage and asked about it. "Oh, you like bikes?", he said. "I don't ride anymore. You can have it." Not the first time!
For free? Wow
All the dislikes are from people Ed has purchased cars from
if so, there might be hell of alot more
@@gurvaaz1703 unless they have a bad memory.
Hmmm this guy seems familiar... how did i agree to that?
*Sees signature NO NOT AGAIN third time this week
How to lowball:
Say you have money in hand, and meet them ASAP
Last time I was this early Ed still held the Cannonball Record.
Plot twist: he does have the record.
His original record has been broken seven times (announced) as of this posting.
Shrewd Negotiation is the sworn enemy of "no lowballers, I know what I have"
😂😂😂 low miles no accidents.... but the bumpers’ in the back 😂😂
And what they have is an old Nissan beat to crap with 300k miles lol
I saw a 4000 dollar Miata with 3 diffrent color panels and 244000 miles. I had some time to waste so I talked with him and I could only get it down to 3800. Dude was a nut.
But sometimes you truly know what you have. The longer the ad is up, the more people see it. Don’t panic sell and you can make your asking price.
Finally, some of the shrewd negotiating tips are being shared with the masses.
Ed has mastered the art of faking sincerity
level 99 charisma
Well the thing is in terms of what the point of the entire exchange is, he IS sincere and probably more so than the other potential buyers. That's the whole point. He's actually going to buy the car. That's sincerity.
@Buford Manning
He was not a dealer. He worked for a dealer that sold many brands of exotics.
Ed being himself for 13 minutes straight
Step 1: There are no lowball offers, only shrewd offers from here on out.
*shrewd negotiations
Shrewd is just trying to put another name on cheap ass...
@@nervousbabbs2769 false
@@stevennakhla7803 It's definitely a matter of perspective that is out of your hands...whether you like it or not.
If you have any other questions that I didn't address here, feel free to ask and I will do my best to answer.
anyone you specifically learnt tips from(other than just working at a dealership)
Not a question but thanks for founding Vin Wiki these videos give me a lot of entertainment right now
@@gurvaaz1703 Great question. No one really taught me negotiation, it was just something I picked up working at the dealership. You see so many bad attempts at it, it becomes fairly easy to feel out.
@@owenatzbach1959 Thank you so much for watching. Glad you are enjoying them.
Can you tell us about the times where this backfired?
life isnt all success and everyone would love to learn more about your expirience
"DONT USE THIS ADVICE TO BUY A REGULAR USED CAR"
Me: Turns back around from car max :'(
I read that advice as: If you are trying to buy a rare Porsche, this works. If you are trying to buy a Corolla, it doesn't.
works extremely well for FB marketplace, get the vin, carfax, and know the details of the car. show up with a checklist and do those 5 things.
Ed is lowkey a sales psychologist
Ed's gonna be the greatest grandpa ever. Think of the stories he'll be able to tell his grandkids.
Lowballed a svt lightning for 6k, lowkey felt bad but god damn driving back with 3k extra in hand felt like a victory
Lol they are like 15k where I am so like 9k extra if that makes you feel even better
I feel you man. I mean they accepted it and they had every opportunity to say no so I wouldn't feel to bad.
Texantroll bro it was a old guy asking for 12k I chopped it in half I pulled the “this my first car and it took forever to save up” card😌 now if you excuse me I got 3k to spend on a bigger supercharger
@@fransiscoh9450 oh yeah those powdered rods are going to love that lol. I buy mustangs super cheap all the time because i ask them specific things about given issues and if they don't know i'll show them and explain truthfully what it entails. Usually they end up getting worried that this stuff will happen and just let it go at my price. If not then i move on to the next one.
LIGHTNING LIGHTNING LIGHTNING
Last time I was this early, truckers had rules to follow.
Very few truckers are actually exempt from hours of service. Everyone else needs to play fair and scale houses are still open for business.
@@markm0000 yet very few of them are actually following the rules, regardleas...
Tune in tomorrow to see what our panel of TH-camrs and car experts would buy for a theoretical budget of $35k
Ed your the best
you should do one where they pick the best new econobox cars, wether its driving dynamics or just features, i think it would be cool
Hahahaha somebody read my comment about my $35K budget!!!!
Help me choose.....lower mileage 2014 Porsche Cayman base or 2004 Carrera 4S with similar mileage?
@@RobbaKeef the 2014, if mileage is low. if mileage is high i would go for the 911. the ratio of mileage/time would be better. BUT the cayman is prolly a better car (IMO)
Any time I see a VinWiki video that has Ed in front of the camera 1 question enters my mind: "how many times am I going to hear the word shrewd?"
Well? How many?
@@chrisrasco6861 more than I would have had I not watched it
If I cross my eyes I can see a Lambo in Ed’s shirt.
Lol
I mean that's fine and all but I've found this system to work best for me.
D - DEMONSTRATE VALUE
E - ENGAGE PHYSICALLY
N - NURTURE DEPENDENCE
N - NEGLECT EMOTIONALLY
I - INSPIRE HOPE
S - SEPARATE ENTIRELY
I was always taught when buying cars especially you show up with cash as soon as someone sees that money in hand they'll tend to accept a lower offer
I think you linking the RUF is actually a perfect example to those who are new to your car buying stories. To those of us who have watched those videos the whole time, we already kinda knew it because most of it was either directly stated or just basically evident from all your stories, but RUF story is the perfect example for those who are new to this. When you called you already knew what exact RUF it was, that it was at the dealership for a long time, what hurdles they had with dealership, how RUFs are rare and nobody knows about them and what can and will go wrong in a car that wasn't touched for so long, additionally you managed to talk the seller into removing the listing, which ultimately gives you the leverage as if other people would be calling him he might have heard a higher offer. So if you're new to Ed's car buying stories and tips, I'd definitely recommend giving RUF video a watch.
Thank you. Yes, that one was the perfect example. The middle-man broker that knew nothing about the car really helped too.
All in all that's what I'm doing, I'm trying to get dead electric smart EVs, as they are my hobby. But I seem to be the only guy who knows about the problems they are going to have:
• Last year a owner was insulted after I told him it's going to have a problem and there won't be any replacement parts for it as it's the generation made by Tesla. Asked about it a few weeks ago again. As he told me, it broke a few weeks after I called him and he then scraped it as there where no replacement parts..
• An other smart EV (3rd gen) I tried to get, the dealer was furious about my offer. Even tho he's trying to sell a smart with a dead HV battery. I told him what it's worth and he laughed at me. That's been 3 months ago. He's still trying to find somebody who's offering more than I did..
So what is the right thing to do after I qualified myself, told him that I know everything about it and am still trying to get it. They think I'm a jerk who knows nothing and ignore me.
There’s nothing more irritating than the know it all low ball offer, even if that’s what it’s worth. You’re the bearer of bad news. Usually the second guy who makes the same offer or very slightly above it gets the car. I use a friend for that.
You walk away. If they're stuck with it, it's their problem, not yours.
@@thebigpicture2032 this. Everyone takes time to digest new information, and the more attached they are to the old information, the longer it takes for them to adjust. Don't expect to change people's minds on the spot.
To maximise your position in this situation and after everything but before you make your offer sit him down and tell him there’s bad news. Look worried and explain you just can’t afford to fix all the issues and pay what he’s expecting (he needs to feel ‘your’ disappointment). If possible imply it’s worse initially so he ends up being relieved it’s not quite so bad and then tell him to contact a couple of specific businesses for another offer (the old don’t take my word for it line). If you’ve already built a good rapport and you’ve gone through all the issues properly you’ll have increased your chances of closing shortly after making your offer and if not you’ve probably influenced his next move. Keep in touch so you can pick up where you left off when/if he rejects the other quotes you predicted he would be offered. It wouldn’t hurt to ask him to let you buy it if they offer the same as you and he might just keep that promise if he likes you and it comes down to a coin toss for him.
@@thebigpicture2032 I've been thinking about that as well. Problem is:
I'm telling the guy "Look. Nobody else is going to buy that car. It's only a interesting thing for a smart EV enthusiasts as I am one. How much of this kind do you think there are?"
Of course, I then can't send a friend of mine asking about the car as well. :/
Love all the stories you and your guest tell!
I sold my e46 m3 in 2020 for $8k and this video fits the transaction to a T. The car was a 6MT coupe with 110k miles and no mechanical issues but was developing a few cosmetic problems and I had a problem getting title issued so I was really worried about selling. The buyer did the exact things in this video- named all the known problems, eased my fears, made an offer and stuck to it. At a time when these cars were going for 20k I was happy to let it go for 8k because I felt at ease with the buyer and knew the car was going to a good home.
What you do is an art Ed, I will probably never have a need to use this technique but its fascinating to see how you do it.
I'd love to see your ideas on more practical negotiation.
This reminds me of the D.E.N.N.I.S system from Always Sunny in Philadelphia.
I’ve been in the business for 15 years and this is the best negotiating tactic for a specialty car I’ve ever seen given...then again ed could sell ice to an Eskimo
I'm amazed - I'm doing these things when shopping for a car even thought I'm not in the car business of any sort.
"Regardless, they aren't going to hate you for it. And that's what's all about" words to live by
This is absolutely how I buy cars. I just bought a beautiful El Camino for 50-60% of what I could turn around and immediately resell it for. Combine a bad listing from a seller that's not knowledgeable with all the tips Ed put in this video and you get yourself a deal. Like he said, it's always a risk. I drove two states away to buy a car with a transmission that's slipping. When I got there the car was even better than described, looked better than the ad pictures, and had good upgrades the seller hadn't mentioned. But I already had my lowball offer accepted by the seller before driving 4 hours. "I'm planning on driving the car home tomorrow if you'll sell it for $XXXX and if your pictures and description describe the car halfway accurately. I've got cash in hand and a ride lined up, if the price is right." I got an awesome deal and it turned out all the car needed was a quart of transmission fluid. But even if it needed a whole new transmission, my offer accounted for it and the seller knew that my offer was based on worst-case-scenario.
In the world of cars or other junk you're buying from facebook marketplace, the words the seller wants to hear are "I have the money in hand and I can leave to come buy it in the next ten minutes." Then you throw in "if you'll agree to a price of $XXXX." If they've been dealing with a lot of no-call no-shows or bad lowballers with no commitment, you'll get your deal more often than not.
Bang on, Ed. Great advice, and not just for cars. I've done the same with bicycles, kitchen mixers, power tools-- anything where you can acquire and leverage knowledge in solving common problems.
For the budget videos, what if you did each person’s “dream three car garage”
Great idea
Lamborghini Aventador
SRT VIPER (gen 5)
McLaren Senna
Koenigsegg Agera RS
@@ericworthington7299 excellent ability to count to 3 buddy
Surprising I haven’t seen an ad with “P.S. Ed, don’t bother calling” at the end
I'd retort by saying this is good advice for any car deal. It works. Liability is any seller's bane. Look at it, know the problems it might have and tell the seller about the problems and repair costs most of which the seller probably doesn't even know, tell them "I'll buy this today for X$, and I understand if it has issues or breaks on my way home and I commit to that risk. Hey, it's a used car right? That's my problem and not yours. I'm buying this for myself and I will fix those issues and treat it well. I do the work myself anyway so I'll enjoy the project if it needs to be done. We can go to my bank and get cash in person if you'd like." and the seller will often agree to getting a little less cash today rather than letting who-knows-who drive their precious vehicle on a test drive tomorrow.
I was waiting for this thanks guys!
I think a good idea for a show/ series would be to record the audio of a real transaction and then transcribe it in a video for us. Kinda how Doug DeMuro did for his OG GTR Carmax video. We all want to hear exactly how a shrew negation goes down from one of the internets best.
ED with the ol ‘If I can will you’. The commitment is everything. When looking to buy cheap used cars the most powerful thing you can say is ‘ I will come get it right now for x” but you HAVE to mean it, and you have to be ready.
A lot of people don't really care lmao. I had my mustang for sale and the guy low-balled me and I just said nah dude I ain't going that low and he gave up and paid me right about what I wanted.
This is incredibly useful for our Managing Editor who desperately wants an E38 7-Series...
Beat tip for buying is you have friends call the seller up and pretend to be interested and not show up or they show up and make stupid low offer, the seller after a while gets so annoyed that when you show up later with cash in your hand and make a decent offer he says sure, “I just want to get rid of it!”. Worked great for me
That "Car,money,title" thing got me!
A full commitment’s what I’m asking for.
Gotta love Ed. So enthusiastic.
Completely agree. The thing a seller hates the most is someone low balling you from behind a screen having never seen the car. The commitment to ask questions online or through phone first, Ask to see the car, arrive on time and being thorough In the inspection put the buyer at ease and shows you're serious. Once that lowball comes they welcome it with open arms
Thank you
Couldn't agree more. This is what I have learned from when I was a kid buying cars with my dad. Still use the same tactics to this day.
Ed, would you be willing to do a video on how you do your research to prepare your low-ball offer? I've had mixed results in researching "What are the likely things to go wrong with car 'x' when it has 'y' miles on it". I'm betting that you know about a wealth of resources or methods for finding out about a given car that you decide to look into. Thanks for considering it and thanks for all that you do for the car community!
Brilliantly well thought out advice. Thanks for the video.
These are some great tips. I used most of these a couple of weeks ago for a few bike. Got about 30% off asking price.
great negotiation video! really appreciate the lesson, thanks!
Great advice. Keep up the great content. This is my favorite TH-cam channel.
This is the best informational video you have made yet. Thank you for this!
Thank you! Glad you enjoyed it.
this is brilliant! My pal wanted a 911 for a deal but wanted an inspection and the guy to take it to them etc... if your offer is low it needs to be the least hassle for the seller!!
works great for rare/weird cars. did the same for a lotus elise in the fall even with a dealer, we did a trade (the car was one of the dealer's employees personal cars so basically person to person) and pretty much came down to "you dont complain about little things you find in my car after purchase, and I wont complain about things I find" had a solid deal even after giving a super low ball and walking away, got called back and bought the car. Im happy with it and they sold my car quickly, and the lotus has increased in value so Id say my first "exotic" purchase could have been worse.
I do the exact same things when buying electronics to repair and resell. A lot of the sellers I've dealt with were more interested in getting things done quickly with no BS and similarly someone who knows what they are talking about. Always a few people who had unrealistic expectations and refused to budge on price but I always kept an open offer for when it sits for a month or two and inevitably just want to get rid of it..
Thanks ed. This is the perfect video for me to watch being im going to a dealer to buy a local subaru thats been around for awhile. Its listed for 12,960 but im paying 10. Wish me luck.
@@qmarq ass. Couldnt get a co signer with high enough score. Couldve gotten it on my own (first time buyer no credit score) with 4k down but my audi tt that i bought to flip was still in the shop so my funds were tied up in that. Sold it a few days later went back and it was gone. First come first serve. Oh well. Ive been finding better deals anyways. I can get a sti with a Re built title for wrx prices so im going that route. Fuck that glass 5 speed im not keeping it stock. (Local Subaru certified mechanic does QUALITY work for half the price) so even if i get a lemon i can have a whole ass new engine put it for 1500 labiur which is unheard of in the subue world. So i aint trippin, the right deak Will come my way and im only saving more and more for a down payment
I just did this with my new used bmw. Except I paid his full asking price because I already felt like it was a deal. He threw in new tires, a weighted shifter and lasagna with his family as a thank you for not attempting to talk him down on price. I love it and I'm glad he didn't sell to anyone else.
Important theme to this, like Ed explained in beginning, this is really for cars out of warranty, probably older German cars or exotic (ferrari, lambo, bentley, aston etc.). Most dealers (I've worked in exotic retail for a decade now) typically only have 10 year old cars or less due to being able to sell them with a warranty. the whole negotiation would stop right away as I would just be like "it is certified dude... you're good"
Damn! These are also great tips for negotiating a job offer!!
"This is how I buy cars and that's what you asked me to talk about."
Indeed my friend!
Mr Bolian never dissapoints
tons of expertise and tons of style
I just watched this video after buying R129 SL600 and got an amazing deal -- and wow, did this match exactly what I did.
This is good advice for boats, too. And perhaps even just more generally applicable, since boats are a buyer's market the majority of the time.
Great advise! This can also be applied to, boats, airplanes, and heavy machines.
Wow I could’ve used this yesterday shrewdly negotiating for a G550 from a dentist
these videos are gold... in the right hands
Amazing info. I've seen a certain lambo relisted for years and if it can stay one more I'll be having a chat with those guys.
Ed - I wish I was able to use you to buy my cars for me. I would have saved so much money on previous purchases if I had.
God this video brings back so many memories. I miss my 93' accord se so bad. All those gold accents.
great advice for me as I buy cars like this. I love broken stuff because I can upgrade
Saw you in the Lambo near Gainesville last Saturday. Love the Green color in person.
Seems to apply well to regular cars that need work too. Last car I flipped I made the issues known, offered my price and I didn't budge. When I made my offer I said I had the cash now and I don't have to run off to a bank or go think about it. You snooze you lose! A friend of mine was bought out from under because he didn't have the cash on hand and waited till he next day.
Been doing this for years. Works great 👍 owned some amazing cars
I've been waiting for this forever. I actually did this recently when I bought a little shitbox commuter in between nice vehicles. Cut 700 dollars off of a car at a mom and pop dealer. Paid 4k cash lol.
I was waiting for this video. Soon I will be purchasing my first vehicle...
I think everyone should hear this as I have learned it. The law in Indiana as it pertains to used vehicle sales is this: "All motor vehicle sales in the state of Indiana are as is where is unless otherwise stipulated by contract or warranty". Meaning as soon as you sign the title it's 100% your car, your problem, and your responsibility. This does not however apply to dealers which must get you to sign a contract that specifically says "as is". Other states may be different I don't know but this is something many people struggle with thinking they have recourse after they suffer from buyer's remorse.
I believe I've used this exact method with the caprice classics I've owned. Just did this exact method, except I didn't know it was a method, when I just bought my second 96 dggm caprice that had a rare towing option.
I wish had this man to help me negotiate all my purchases.
I bought a 2014 C7 in 2017. I worked the guy for a week. Got it for $35,700, found out he owed $41K. We did the deal he paid the difference. He was a medical student struggling to keep a Vette. I drove it for 6 months, put about 7K miles on it and sold it for $38,500. Pretty much paid for Insurance, interest, tag, title ant tax. It cost me gas money basically to drive it.
I did this recently to buy my used Porsche , I knew it was a rare car but told the salesman I’d pay xxx for it not a dime more. After 2 weeks of him proposing deals, showing comparable cars that weren’t really comparable, and me ignoring him he finally called and said ok yep we can do it.
One other step. If they decline your offer, you can always tell them the offer stands and they know where to find you, so in a few days, weeks, whatever when they want to sell it, they should give you a call. Have had someone offended by the exact same sort of lowball you mentioned call back a few weeks later ready to make the deal.
Just just bought a large SUV with significant savings from a larger dealer out of state. I did all that Ed mentioned and it turned out to be a great deal money wise.
However, getting the vehicle shipped to me is another issue. I never knew how difficult it can be to have a car shipped from a neighboring state. If I am lucky, it might be picked up today - about 6 days after I wanted I picked up. This would be a good topic to hear Ed or someone on VINWiki talk about. What is the most reliable way to ship a vehicle, safely.
Never saw this video before but, I've always lived by this. I NEVER leave money on the table, or pay any more than I should. I do my home work on a car, look up the VIN, know EXACTLY with the miles what the car is worth and it's feature set with service history, I will go in about 20% off what retail market value is. This is on my daily driver. Let's be real. I like a nice daily driver, I want the best I can afford. I have been driving Lexus LS series cars now for almost 20 years, never got one new.
My last deal, that I am driving now, and loving. So I am on AutoTempest (yea,. it's a very useful site), saw a car I wanted bad, with no picture, I looked up the VIN, knew all the service, knew Every feature, and it was EXACTLY what I was looking for. The car bluebook value was about $29,000, it was listed for $24K with no details. I emailed, and back and forth a little. I found out because the mileage was a little over 100K, the were going to send it to auction. I got the on the phone with them the VERY NEXT morning very early(a very respected large dealer), and we went back and forth, about 5 times with the commitment that I would drive the 2 hours to put a large deposit down. They finally accepted my offer of $18,500 (It's a steal, even if I drove it off the lot and it got totaled, I would make about $10K on it from insurance).
I left work drove right there 2 hours and 15 min to get there, Took the car for a test drive, inspected it right there. I took the deal and actually paid for the car fully that day. They delivered it a few days later and I love it. A few minor things that I was expecting but, it is my dream daily driver and I got an incredible deal... like my last 3 cars :)
With watching your videos, Maybe in a few years if I can my salary up a little, I might start hunting for a fun weekend car... oh...I would love that :)
This is great info.