I went new car shopping 3 weeks ago, found a leftover 2021 Civic base model which was just what I wanted. Sticker said $22,500 which I was fine with. I texted the dealer, made an appointment and showed up on time. Road tested a 2 year old Civic, similar car, but the sticker price was MORE than the new one on the showroom floor, which I thought was weird. When I sat down with the dealer, he told me that I had to pay $5000 over sticker price to get the car I wanted. Bad as that was, he had the balls to try to use a *four square* on me. I told him no way would I allow a 4 square to be used, I learned all about them on this channel, and no way would I pay $5k over sticker. The salesman then brought the sales manager over and he told me he had a little "wiggle room" on the 5k. I told him "I am only interested if you can wiggle it down to 0 because I will NEVER pay over sticker" and I walked out. Dealers here in the north east are openly price gouging and engaging in usury. Its sick.
I suppose you haven’t considered the fact that maybe it’s because that could be the only new one they have and won’t be able to replace? There’s a reason why the used car was more than the MSRP of the new one, it’s called market value and it’s sky high right now. No, you didn’t bust some “shady dealer games” like you think, they probably had to buy that car for over MSRP from the previous owner. I’ll be honest, I work at a dealer and we don’t charge over sticker to avoid customer experiences like this, but people also are inconsiderate of the fact that most other retailers can and have been raising prices like crazy to keep up with increased labor costs and supply shortages yet nobody accuses Kroger of price gouging, but we dealers are figuratively constricted by a SUGGESTED retail price set by a slow-moving team of corporate overlords that doesn’t change as quickly as the market does.
He's surprisingly honest. Do everything ahead, negotiate the car ahead through emails and text. Go in once it's agreed on. Purchase agreement should have car price, trade in (it's not even a trade, it's two separate transactions, which is why you sign two power of attorney letters), tax, title, license and doc fee ($300 tops). THAT'S IT. Absolutely nothing else.
I've always been good with negotiation deals and tell my friends all the same things you mentioned. The OTD price is key and then using a calculator to figure out the payment is the best advice. So many people are fixated on the payment and get screwed over. Hell, I've argued with finance managers over $4 a month based on principle. Solid and honest advice here, good luck with the new dealership!!
With trade ins, this is something I’ve always thought about. If you tell them you front, they tend to give you more for trade in but won’t haggle much off the new car. If you wait, you can get a better deal on the new car but they low ball the trade in because they know you want the new car lol
Car dealerships are basically a cartel. I wish the Federal government would step in and allow direct sales. I'm tired of dealing with salesmen. The fact that I have to "outsmart" someone to purchase a good is inherently the problem here Chevy Dude. The entire practice needs to end.
Exactly. USA is the only country in the world that allows markups. The entire process is dinosaur and needs to die. But the problem is car franchise lobbyist cartel is too powerful.
Was ready to commit to new car today. Had positive equity on my trade in the amount of $3k. When I got the numbers from the salesman there was an addendum for $2997. Asked what it was and of course it was all the garbage charges we've been warned about on this channel. Left without it.
If you don’t do that as a sales man ,then the only one who is gonna make money is the owner … just think about it … if the vehicle had enough mark ap for profit , do you think that the dealership would need to do that instead just sale it by the MSRP ?
@@horacioponce4893 MSRP is higher than the invoice (usually a few thousand) which includes the profit for the dealership. The salesmans salary is the responsibility of the dealership, not the customer. If the salesman isn't paid fairly then the salesman and dealership need to so sort it out, but not at the expense of the customer
@@Amber21 MSRP on most new cars at the brand I work at is only $800 higher than invoice so when every customer wants $2k off the car, we lose money. Customers think there is much more gross than there actually is
When I went to buy my truck in January, the salesman made a comment about how I kept deflecting when he tried to talk payments. I kept bringing it back to the total price out the door. It was funny that he pulled the classic, “If your payment is $xxx, do we have a deal?” I asked where he was getting that from and with what interest rate? He said that’s for the finance department lol. Sooooooo how can you even talk about payments without an interest rate in the equation???? Just have some sense when you walk in there. It is like every other loan you could take out. Total price and interest are what matters.
I visited two dealers while car shopping a few weeks ago and both seemed to be doing some sort of markup. The Toyota dealer I went to said they're doing a straight 11% markup on all new cars, and the Mazda dealer I was at claimed they were doing a $3,000 mark up on all new cars. I ended up browsing the online inventory of the Mazda dealer and found a base Mazda 3 where the MSRP was also the dealer price, didn't seem to be a markup. I emailed the dealer about the MSRP and out the door price, and once they confirmed everything, I went the next day to buy the car. Their reason for no markup was apparently they seemed to moving more Mazda 3s than expected, so they were ok with sticker price. A total 180 from when I talked to a salesperson the day before who said all cars had a 3k markup. Oh and it definitely helped to shop around for auto loans as well. I got the dealer to match what my credit union was offering so I went with their financing. I still made some stupid mistakes that I probably wouldn't have made if I did more homework, but this car buying experience was 1000% better than the first time I bought a car.
@@MM-pn8ho Sorry if this is the second response. I'm not sure if my first went through... I was preapproved for financing through my credit union, so I planned to purchase some other service packages - GAP coverage, extended warranty, etc. through the credit union. The dealer ended up matching the rate I was given, so I decided to use the dealer for financing. However, because I was planning on using the credit union for the service packages, I didn't bother checking what price the credit union charged for their packages. So when the dealer gave me a price for the GAP coverage they offer, I couldn't really counter them with what the credit union offered. Looking back I could have asked a few more questions to the credit union for their pricing. Maybe I would have saved some money that way.
1. Do your research, know what kind of car you are looking for and their value. 2. Where possible take your time looking for the car you want, visit and test drive say each weekend over few months until you find one you want. Don't fall for the boiler room tactics of salesman, the ability to walk away and shop around is a powerful advantage. 3. Don't tell the salesman your exact budget at the start, say it depends, then when settling on price only then reveal your budget and stick to it. They often can come down a bit to match your number or if it's too low for that car then 90% of the time they got an identical or very similar one with slightly higher odometer number or one year older. Don't be afraid to say you'll think about it and research it up or compare with online listings and come back the next day or walk away if it isn't what you want. But be realistic, do your research.
My best deals have ALWAYS come by FORCING dealers to bid against each other. I find the car I want do some work on the cpu and start accepting offers. Had to fly 1 way to in from ok for last car but even after miles air etc still saved about 10000
Agree with Chevy, dude. This is a rewording of what he was explaining about pmts. 95 percent of people finance X amount It's easier to add up pmt take the numbers left of the comma multiply it by 2 and add a zero In short, a car for 50K will run you est 1 K a month before $$ down Every 1 K down reduces your pmt by 20 bucks. That's information I used to explain to customers
It’s impossible to find a good deal on a car , let alone find a car , used cars cost more then new ones and new cars are selling 3 5 10 15 thousand over MSRP . I’m hoping my junker lasts.
You should do another video on markups and how to negotiate those and maybe on how some car salesman’s over allowance on your trade so you think you’re getting a better trade in value but you’re really not
Looked at car, gave them little information. Talked about trade in. Our credit was good, first time in 14 years. After the trade, and them running our credit 7 times, we had to walk away. They couldn't get it were we wanted it. They also added, our trade in pay off, into the final price so the car was another $7000 over what it shouldn't have been.
I'm struggling with my upcoming car deal I ordered one in March and everything was pretty well figured out with my trade and then the chip problems started and finally my truck is waiting on a train to pick it up and I worried that the truck is going to be higher and my trade won't be
Hello dear @chevydude I remember watching one of your videos where you recommended using down payment in order to cover sales tax even if you have prime credit (You mentioned that is the most responsible thing to do) Would you mind explaining to me why you recommend this, again? Also, would you also recommend paying for taxes if you get GAP insurance? I mean GAP is supposed to cover any outstanding balance including taxes as well in the event of TTL. Sincerely, Another car guy who follows you for your wisdom and cool videos. Thank you in advance
When the sales person says they need to go talk to their manager, tell them to bring the mgr into the room so you can be involved in all negotiations. If they resist, tell them, OK, then while you’re doing that, I’m gonna run over to Dealer X - I should be back in 2-3 hours unless we have a deal there.
The dealer does not have home field advantage if you walk in off the street. If the dealer does not give me the deal I want, they lose! The home team does not win every time.
Great tips but unfortunately the dealerships have the advantage right now with the lack of available inventory. I have been to several dealerships lately and even left my phone number. Never a call back. I have the money and my credit is great. If they had the inventory they needed to move they would be more willing to negotiate.
I went to a few dealers knowing what my trade is worth and there offers were like over 2K under KBB value well they didn't get my business.another place offered me more so in the process of buying a used SUV and see if they actually fix some issues it has.
Carvana just paid us 22000 for a 2017 mazda3 we bought new for 23. Not that im complaining, i just dont see how they can make that much money doing that
Don't finance with a dealer. Use your own bank. This way you'll have a chance to go over the purchase with your own lender. It gives you a chance to rethink the deal and the "acceptable financing" clause is your way out, should you have cold feet. You must be adamant that you are taking the purchase agreement to your bank, do not give the dealer permission to run your credit. Even better, no financing, but make sure you have the numbers solid in your head and remain intolerant of any diversion from your assessment of the vehicles.
Not entirely true. I've had many customers with pre-approvals from their bank where they clearly are being taken advantage of with a high interest rate. So I educate them and ended up saving them a ton of money by letting me work the lenders against themselves to see who is the most aggressive to earn their business. Banks are banks, they are going to try to make as much money as they can off everyone. Especially long time customers that don't shop around
Carvana and KBB are rip off on their offers. they trying to offer me $20k on my truck that they are going to sell for $40-$43k. at least a local dealership was honest and said they would give me $27k and going to start it on the lot at $42.5k
Do you want to know the true value of your car simply look at the used car market tech three grand off and that their price you will get depending is the car is 4 years older or newer
Dude if they are selling it for $42,000 and gave you $27,000 you got fucked LMFAO reasonable is leaving a few thousand of room for profit/reconditioning
Be careful of calling, texting and/or emailing a dealer. Doing these things exposes you to being inundated with excessive return communications from the dealer. They may not leave you alone.
Trying to find what you want isn’t easy. The best deal I can get on a new Tahoe is order it since we don’t have any, most are sold before they get here, wait how ever long it takes, and the best I can get is $500 over invoice. I was hoping to pay less, but I doubt I can do that in the current environment.
Does not telling them about the trade in still matter even when you DONT have a trade in? Should you still not bring it up until after you’ve settled on the final purchase price?
Do you need to show income if you have a high credit score? I was pre- approved on Chrysler up to 100k. I think it’s weird that the dealership is asking for income for a 65k hellcat.
Did you do a credit application on Chrysler? If not it’s to lure you in. When you go to get the money from a bank they’re going to want to know your income to know you’re able to afford the car
@@frankswartzentruber1359Thanks I found out they were luring me in lol. I went with Penfed and they cleared me 150k. Sound the hellcat though after a year for a gt500 lol.
If I go in to order a truck, is there an invoice price generated immediately or not till it's delivered. Wondering how to use the invoice price as a guideline for negotiations in this case vs a vehicle already on the lot.
Don’t. He only sells cars for MSRP and you can do better. And chances are unless you’re buying a new corvette he will hand you off to another salesman.
did you mean to say that you don’t want a payment over 15% of your monthly pre-tax income? and are you including insurance and possibly maintenance fees with that
I want a 2023 gmc sierra 1500 3.0l duramax diesel with the LZ0 engine, no one has it. I will have to order it. How can I use your tactics when negotiating for this truck? It is worth about 67,000.00. I have a 2020 gmc sierra 1500 3.0l duramax diesel that I want to trade. Any advice would be greatly appreciated, I live in South Texas.
Advice,this eliminates the old "he said,she said".As soon as you walk onto the car lot,put your phone on the "record"setting,and keep it in your top pocket so that it can pick up all of the conversations easily. You will be happy that you did!
Absolutely. . But don’t tell them that. I always tell them I’m paying cash. They only have option to discount price. I don’t have time to haggle, I have 2 other cars that are exactly what I want. The car u have is close but not quite as good. But I don’t have time to be shopping so I’ll give u $32k(asking $44)right now or I got to go. If he says ok we will do $32. Tell him, if I see one penny in any extra fees I’m walking . I got 5 minutes. Now is when u say, tell u what let’s see what u can do finance wise. If it’s good enough I’ll hold onto my cash and finance. And you already know the rate u have locked in that they have to beat. It’s important with the finance guy that he isn’t to fuck w u or ur walking. The finance guys are ruthless. They make $ on all the extras they sell ya
Buy & sell private sale until the dealer goes out of business... that’s how you beat these guys. If you walk in the door, you lost. This guy might help you not get completely screwed. But slightly losing isn’t winning either.
The fact that you have to “outsmart” a car salesman is the reason the current business model is flawed and will eventually failed. Tesla makes it so simple and easy. “Dealers” are not needed in 2021.
Don’t worry, changes are coming. GM is rolling out a no-negotiation business model for the Hummer EV, and the program is set to spread to their other electric models and eventually everything. Others will follow. Dealers are going to be less independent and more like franchises. There won’t be any “deals,” but there won’t be any gouging either.
You mentioned before never to pay the dealer markup. I called 5 Hyundai dealers and they're all giving me 2-5k markups. Is it reasonable to expect to negotiate that out even in the current situation? I tried some initial negotiation but they were very much like "yeah i'll sell this very quickly, low inventories, good luck etc". They didn't seem moved to budge on that. Or do I have to ultimately do that when I get to the dealer? Thank you!
When dealers say "No Haggle" on used cars is that it or is there any wiggle room at all and if not does it matter if they know your going to trade in a car? Thanks.
Check the online price since it’s sometimes a few thousand lower than walking in off the street. I bought a used truck and knocked off over $8K on the overall price and walked away with less than 3% APR
@@colton4064 The finance man is usually the best salesman at the dealership. It’s like a video game, the finance man is the final boss. They do budge, you just need to walk and show them you’re serious. Their not going to lose the car deal because of a bunch of BS fees and an extended warranty.
Hidden costs aren’t a thing. If you’re paying for it, you’ll be able to see it somewhere, whether it’s on the quote or the paperwork that you sign. MSRP is plainly visible on the window sticker, all you need is a calculator.
@@john1959ism everyone is entitled to their opinion but If you do research, and mechanic reviews on both on top of reliability and safety test, Honda pilot is superior in all tests. This isn't opinion, it's facts
@@john1959ism obviously you can't tell what a joke is either 😂. My point is it can give up way too soon than a Honda pilot which can lasts for years. Please do your research before defending a crappy suv. Thank you
I go to the key flyer sales all the time because I get to test drive cool cars and walk out with a garanteed 10 dollar gift card and a soda and popcorn.
im here to buy a car today if you have what I want il buy TODAY what are you driving now ? you look at the window sticker and comment on the Botton line of the adm. price + markup and $800 door edge guards they say we can get you a good deal . we fought over prices and I walked now its week later I see something better that I like do I return ?
I work for a dealership in texas. Went to this guys website and pulled vin/miles for JD Power trade in book values. That's the number the banks loan money off of. He is consistently 3k higher than the market. Guy is a fraud. Got out of the dealership to say he is going to do right by people and he is screwing each and everyone of his customers. What a joke.
Can they or do car dealers deny sales because I bring my own money (loan) to buy a new vehicle. Our excellent credit got us a great rate but do I have to reveal that before getting to the F&I office?
That would be something you should disclose after selecting the car and before filling out any credit applications or going to an F&I office. As for the first question, yes there are some dealers right now who won’t accept external financing because their own lenders share a small cut of the interest profit with them if they finance it internally, and right now they don’t need you to buy that car because someone else will. But you’ll improve your chances if you demonstrate your seriousness beforehand and inform them before you’ve wasted too much of your time and theirs.
if they are "adding" to your trade that is a scam number. You want to work everything separate. We deep dive into that inour System at AutoCarBuying101.com
@@forthekids9482 I am a salesperson at the dealer, they’re orders I took from customers. They both are accepted, but haven’t been built yet so no VIN’s. TPP on one is this week and the other is 12/6. Have not received any allocations recently tho.
@@forthekids9482 depends on when they get allocations and if you’re first in line for them or if there are orders in front of you. Once allocations are received it usually takes around 2 months for an order to be built and arrive.
Because a lot of people buy cars from his dealership and he sells them for MSRP. He acts like he’s the good guy but honestly you can pay less than MSRP. Invoice is the starting point.
Chevy Dude forgot about staying away from any dealer that is charging above MSRP. If a dealer is adding a "market adjustment" fee on top of the sticker price, go find a different dealer. 😉
@@joel9873 some cars are worth more than MSRP that’s just the market, when you sell the car outright you can sell it for more than MSRP, why do you benefit from higher trades? but dealers can’t increase prices?
I would avoid buying a car in the current environment unless no other choice. Trust me there will soon come a time they will kiss your booty to make a deal....
Look do your homework be honest & most of don’t waist my time because I’m not wasting yours . The minute you play games is the minute I walk away because you need me just as mush as I need you .
Making it sound like all dealerships are there to rip you off. How about never happen customers that even best deal is not enough. Situation goes both ways.
I went new car shopping 3 weeks ago, found a leftover 2021 Civic base model which was just what I wanted. Sticker said $22,500 which I was fine with. I texted the dealer, made an appointment and showed up on time. Road tested a 2 year old Civic, similar car, but the sticker price was MORE than the new one on the showroom floor, which I thought was weird. When I sat down with the dealer, he told me that I had to pay $5000 over sticker price to get the car I wanted. Bad as that was, he had the balls to try to use a *four square* on me. I told him no way would I allow a 4 square to be used, I learned all about them on this channel, and no way would I pay $5k over sticker. The salesman then brought the sales manager over and he told me he had a little "wiggle room" on the 5k. I told him "I am only interested if you can wiggle it down to 0 because I will NEVER pay over sticker" and I walked out. Dealers here in the north east are openly price gouging and engaging in usury. Its sick.
Good for you!
I suppose you haven’t considered the fact that maybe it’s because that could be the only new one they have and won’t be able to replace? There’s a reason why the used car was more than the MSRP of the new one, it’s called market value and it’s sky high right now. No, you didn’t bust some “shady dealer games” like you think, they probably had to buy that car for over MSRP from the previous owner. I’ll be honest, I work at a dealer and we don’t charge over sticker to avoid customer experiences like this, but people also are inconsiderate of the fact that most other retailers can and have been raising prices like crazy to keep up with increased labor costs and supply shortages yet nobody accuses Kroger of price gouging, but we dealers are figuratively constricted by a SUGGESTED retail price set by a slow-moving team of corporate overlords that doesn’t change as quickly as the market does.
Oh hell no once the 4 square comes out get up and walkout that door. It’s bad enough they’re are charging over keyword suggested retail price .
I hear you. I’m in PA and looked at a new KIA, they wanted $7k over MSRP and would not come down at all. I left that conversation quick
Just waited it out. I'm planning to buy a car in 2 to 3 years. The price Gouging is ridiculous.
He's surprisingly honest. Do everything ahead, negotiate the car ahead through emails and text. Go in once it's agreed on. Purchase agreement should have car price, trade in (it's not even a trade, it's two separate transactions, which is why you sign two power of attorney letters), tax, title, license and doc fee ($300 tops). THAT'S IT. Absolutely nothing else.
I've always been good with negotiation deals and tell my friends all the same things you mentioned. The OTD price is key and then using a calculator to figure out the payment is the best advice. So many people are fixated on the payment and get screwed over. Hell, I've argued with finance managers over $4 a month based on principle. Solid and honest advice here, good luck with the new dealership!!
With trade ins, this is something I’ve always thought about. If you tell them you front, they tend to give you more for trade in but won’t haggle much off the new car. If you wait, you can get a better deal on the new car but they low ball the trade in because they know you want the new car lol
Car dealerships are basically a cartel. I wish the Federal government would step in and allow direct sales. I'm tired of dealing with salesmen. The fact that I have to "outsmart" someone to purchase a good is inherently the problem here Chevy Dude. The entire practice needs to end.
Exactly. USA is the only country in the world that allows markups. The entire process is dinosaur and needs to die. But the problem is car franchise lobbyist cartel is too powerful.
The government dont give af about any of this or us lol
@@YasssStitch how about grocery stores? They markup the cost of the product. Or insurance/mortgage brokers? They markup the cost for the end user
The government is part of the cartel, so they don't care!! Look at gas prices.
@@huntermusar8522 It is called capitalism. The more you allow the government to control your life, the less and less freedoms and rights you have.
Was ready to commit to new car today. Had positive equity on my trade in the amount of $3k. When I got the numbers from the salesman there was an addendum for $2997. Asked what it was and of course it was all the garbage charges we've been warned about on this channel. Left without it.
I just experienced this at toyota!!!
If you don’t do that as a sales man ,then the only one who is gonna make money is the owner … just think about it … if the vehicle had enough mark ap for profit , do you think that the dealership would need to do that instead just sale it by the MSRP ?
@@horacioponce4893 MSRP is higher than the invoice (usually a few thousand) which includes the profit for the dealership. The salesmans salary is the responsibility of the dealership, not the customer. If the salesman isn't paid fairly then the salesman and dealership need to so sort it out, but not at the expense of the customer
@@Amber21 MSRP on most new cars at the brand I work at is only $800 higher than invoice so when every customer wants $2k off the car, we lose money. Customers think there is much more gross than there actually is
@@RJ39767793 Of course there is markup. Take off all the doc fees, filing fees, advertisement fees. I could go on and on. It is a ripoff
When I went to buy my truck in January, the salesman made a comment about how I kept deflecting when he tried to talk payments. I kept bringing it back to the total price out the door. It was funny that he pulled the classic, “If your payment is $xxx, do we have a deal?” I asked where he was getting that from and with what interest rate? He said that’s for the finance department lol. Sooooooo how can you even talk about payments without an interest rate in the equation???? Just have some sense when you walk in there. It is like every other loan you could take out. Total price and interest are what matters.
I visited two dealers while car shopping a few weeks ago and both seemed to be doing some sort of markup. The Toyota dealer I went to said they're doing a straight 11% markup on all new cars, and the Mazda dealer I was at claimed they were doing a $3,000 mark up on all new cars. I ended up browsing the online inventory of the Mazda dealer and found a base Mazda 3 where the MSRP was also the dealer price, didn't seem to be a markup. I emailed the dealer about the MSRP and out the door price, and once they confirmed everything, I went the next day to buy the car.
Their reason for no markup was apparently they seemed to moving more Mazda 3s than expected, so they were ok with sticker price. A total 180 from when I talked to a salesperson the day before who said all cars had a 3k markup.
Oh and it definitely helped to shop around for auto loans as well. I got the dealer to match what my credit union was offering so I went with their financing. I still made some stupid mistakes that I probably wouldn't have made if I did more homework, but this car buying experience was 1000% better than the first time I bought a car.
What mistakes did you make?
@@MM-pn8ho Sorry if this is the second response. I'm not sure if my first went through...
I was preapproved for financing through my credit union, so I planned to purchase some other service packages - GAP coverage, extended warranty, etc. through the credit union. The dealer ended up matching the rate I was given, so I decided to use the dealer for financing. However, because I was planning on using the credit union for the service packages, I didn't bother checking what price the credit union charged for their packages. So when the dealer gave me a price for the GAP coverage they offer, I couldn't really counter them with what the credit union offered. Looking back I could have asked a few more questions to the credit union for their pricing. Maybe I would have saved some money that way.
@@jacobr1095 okay Thank you. I am looking to buy my first car and it all seems like a lot to remember.
1. Do your research, know what kind of car you are looking for and their value.
2. Where possible take your time looking for the car you want, visit and test drive say each weekend over few months until you find one you want. Don't fall for the boiler room tactics of salesman, the ability to walk away and shop around is a powerful advantage.
3. Don't tell the salesman your exact budget at the start, say it depends, then when settling on price only then reveal your budget and stick to it. They often can come down a bit to match your number or if it's too low for that car then 90% of the time they got an identical or very similar one with slightly higher odometer number or one year older. Don't be afraid to say you'll think about it and research it up or compare with online listings and come back the next day or walk away if it isn't what you want. But be realistic, do your research.
My best deals have ALWAYS come by FORCING dealers to bid against each other. I find the car I want do some work on the cpu and start accepting offers. Had to fly 1 way to in from ok for last car but even after miles air etc still saved about 10000
Saved $10,000? FAKE
Agree with Chevy, dude.
This is a rewording of what he was explaining about pmts.
95 percent of people finance X amount
It's easier to add up pmt take the numbers left of the comma multiply it by 2 and add a zero
In short, a car for 50K will run you est 1 K a month before $$ down
Every 1 K down reduces your pmt by 20 bucks.
That's information I used to explain to customers
It’s impossible to find a good deal on a car , let alone find a car , used cars cost more then new ones and new cars are selling 3 5 10 15 thousand over MSRP . I’m hoping my junker lasts.
Bachman still adds the extra money to the sticker for market adjustment and will not haggle on that cost. All the dealers are adding the cost...
I noticed that when I went on thier website..a market adjustment price
You give a lot ot tips and incite on what to be aware of and ect however, is there a video on how the whole prosses should work from beginning to end?
Love this channel!! I am a Toyota fan, not so much for Chevy/Ford/Dodge, but I would buy a Chevy from you lol.
You should do another video on markups and how to negotiate those and maybe on how some car salesman’s over allowance on your trade so you think you’re getting a better trade in value but you’re really not
Looked at car, gave them little information.
Talked about trade in.
Our credit was good, first time in 14 years.
After the trade, and them running our credit 7 times, we had to walk away.
They couldn't get it were we wanted it.
They also added, our trade in pay off, into the final price so the car was another $7000 over what it shouldn't have been.
Good things are coming your way for helping people. 👍💪
I'm struggling with my upcoming car deal I ordered one in March and everything was pretty well figured out with my trade and then the chip problems started and finally my truck is waiting on a train to pick it up and I worried that the truck is going to be higher and my trade won't be
Hello dear @chevydude
I remember watching one of your videos where you recommended using down payment in order to cover sales tax even if you have prime credit (You mentioned that is the most responsible thing to do) Would you mind explaining to me why you recommend this, again? Also, would you also recommend paying for taxes if you get GAP insurance? I mean GAP is supposed to cover any outstanding balance including taxes as well in the event of TTL.
Sincerely,
Another car guy who follows you for your wisdom and cool videos. Thank you in advance
When the sales person says they need to go talk to their manager, tell them to bring the mgr into the room so you can be involved in all negotiations. If they resist, tell them, OK, then while you’re doing that, I’m gonna run over to Dealer X - I should be back in 2-3 hours unless we have a deal there.
The dealer does not have home field advantage if you walk in off the street. If the dealer does not give me the deal I want, they lose! The home team does not win every time.
Some dealers actually do especially in certain area and if they own all the dealership in the area.
I aint take any L's lol
I JUST BOUGHT A 22 YUKON XL AT4 on MONDAY!! Should have seen this!
I have been binge watching your channel 😄thx When can I use a scan tool on a prospective car?
Great tips but unfortunately the dealerships have the advantage right now with the lack of available inventory.
I have been to several dealerships lately and even left my phone number. Never a call back. I have the money and my credit is great. If they had the inventory they needed to move they would be more willing to negotiate.
I like to start off by saying “can you go get me and my wife a water” and they do. Show dominance from the first encounter.
That's brilliant. I'm using that...
Love this! 😁
Hi Mike. Nice vid. Liked b4 watching because I knew it was goin to be good
I went to a few dealers knowing what my trade is worth and there offers were like over 2K under KBB value well they didn't get my business.another place offered me more so in the process of buying a used SUV and see if they actually fix some issues it has.
I want that sweet blue jacket.
X2
Merch link in bio of this vid I think
How do you deal with a car salesman, who give you a price and tell you that's the price.
Walk and find a better price.
Man thank you , you helped me get a heck of a deal !!!
Carvana just paid us 22000 for a 2017 mazda3 we bought new for 23. Not that im complaining, i just dont see how they can make that much money doing that
They aren't making money. They are scam artists backed ny wall street. The owner of carvana is a FELON from scams he's pulled IN THE CAR BUSINESS>
Sheesh
They're not making much money anymore now that used car prices are falling like a rock.
MIKE MIKE MIKE. how soon before the 2 door chevy silverado will be available.
The world may never know
Don't finance with a dealer. Use your own bank. This way you'll have a chance to go over the purchase with your own lender. It gives you a chance to rethink the deal and the "acceptable financing" clause is your way out, should you have cold feet. You must be adamant that you are taking the purchase agreement to your bank, do not give the dealer permission to run your credit. Even better, no financing, but make sure you have the numbers solid in your head and remain intolerant of any diversion from your assessment of the vehicles.
Not entirely true. I've had many customers with pre-approvals from their bank where they clearly are being taken advantage of with a high interest rate. So I educate them and ended up saving them a ton of money by letting me work the lenders against themselves to see who is the most aggressive to earn their business.
Banks are banks, they are going to try to make as much money as they can off everyone. Especially long time customers that don't shop around
Carvana and KBB are rip off on their offers. they trying to offer me $20k on my truck that they are going to sell for $40-$43k. at least a local dealership was honest and said they would give me $27k and going to start it on the lot at $42.5k
Do you want to know the true value of your car simply look at the used car market tech three grand off and that their price you will get depending is the car is 4 years older or newer
Dude if they are selling it for $42,000 and gave you $27,000 you got fucked LMFAO reasonable is leaving a few thousand of room for profit/reconditioning
Thumbnail: Beat Him
Me: With a stick!
Be careful of calling, texting and/or emailing a dealer. Doing these things exposes you to being inundated with excessive return communications from the dealer. They may not leave you alone.
Avoid Fred Anderson dealership in Raleigh, NC!
Trying to find what you want isn’t easy. The best deal I can get on a new Tahoe is order it since we don’t have any, most are sold before they get here, wait how ever long it takes, and the best I can get is $500 over invoice. I was hoping to pay less, but I doubt I can do that in the current environment.
Great job! Invoice is the starting point. I’m glad to see The Chevy Dude hasn’t fooled you on paying MSRP.
Hey 500 over invoice is quite literally 10x better than 5000 over sticker.
I feel with the current market the dealer may be upside down if you trade old for new🤣
i have a question by a dealership checking your vin number can a dealership know the payoff of my vehicle ?
depending on the lender yes they can get payoff with just VIN. However, if you don't tell them who the payoff is to there is no way they can guess.
@@ChevyDude unless they pull a verified carfax and then they will know who has the registered lien.
Does not telling them about the trade in still matter even when you DONT have a trade in? Should you still not bring it up until after you’ve settled on the final purchase price?
Do you need to show income if you have a high credit score? I was pre- approved on Chrysler up to 100k. I think it’s weird that the dealership is asking for income for a 65k hellcat.
Did you do a credit application on Chrysler? If not it’s to lure you in. When you go to get the money from a bank they’re going to want to know your income to know you’re able to afford the car
@@frankswartzentruber1359Thanks I found out they were luring me in lol. I went with Penfed and they cleared me 150k. Sound the hellcat though after a year for a gt500 lol.
I really appreciate you and your videos... I just gotta make more $$$ to get one of those corvettes hahahaha
If I go in to order a truck, is there an invoice price generated immediately or not till it's delivered. Wondering how to use the invoice price as a guideline for negotiations in this case vs a vehicle already on the lot.
I had a car accident my car was considered total lost.I don't know where to start if to buy new or used car
Thanks for the info!❤
These videos make me want to buy from you
Don’t. He only sells cars for MSRP and you can do better. And chances are unless you’re buying a new corvette he will hand you off to another salesman.
Have you had any experience with dealers offering extended bumper to bumper warranties?
Run
Great information, thanks
So if I wanted to pay less than 200 a month, would I be able to get a used car for less than 20k?
With all you teach, I’m surprised you want our name, e-mail, and phone number before we can price our car.
did you mean to say that you don’t want a payment over 15% of your monthly pre-tax income? and are you including insurance and possibly maintenance fees with that
I want a 2023 gmc sierra 1500 3.0l duramax diesel with the LZ0 engine, no one has it. I will have to order it. How can I use your tactics when negotiating for this truck? It is worth about 67,000.00. I have a 2020 gmc sierra 1500 3.0l duramax diesel that I want to trade. Any advice would be greatly appreciated, I live in South Texas.
Advice,this eliminates the old "he said,she said".As soon as you walk onto the car lot,put your phone on the "record"setting,and keep it in your top pocket so that it can pick up all of the conversations easily. You will be happy that you did!
Be careful. Recording someone without their permission is illegal in many states
@@coolrich59 yeap. California is one of those States. Two way conversation State
How to know if they tempered with the odometer?
So is finding your own financing better then letting the dealer mess with it?
Absolutely. . But don’t tell them that. I always tell them I’m paying cash. They only have option to discount price. I don’t have time to haggle, I have 2 other cars that are exactly what I want. The car u have is close but not quite as good. But I don’t have time to be shopping so I’ll give u $32k(asking $44)right now or I got to go. If he says ok we will do $32. Tell him, if I see one penny in any extra fees I’m walking . I got 5 minutes. Now is when u say, tell u what let’s see what u can do finance wise. If it’s good enough I’ll hold onto my cash and finance. And you already know the rate u have locked in that they have to beat. It’s important with the finance guy that he isn’t to fuck w u or ur walking. The finance guys are ruthless. They make $ on all the extras they sell ya
Solid advice, Steve. It helped me get the deal I wanted.
Buy & sell private sale until the dealer goes out of business... that’s how you beat these guys. If you walk in the door, you lost. This guy might help you not get completely screwed. But slightly losing isn’t winning either.
Myself I don't think this good time to buy. Am going wait when they get the chips for all the trucks they got stock pile the prices should come down.
Your last autocarbuying101 never came up
at 7:08 does mike say 15% or 50% and is that monthly or yearly pretax income?
The fact that you have to “outsmart” a car salesman is the reason the current business model is flawed and will eventually failed. Tesla makes it so simple and easy. “Dealers” are not needed in 2021.
Agreed
Honestly, this is kinda embarrassing to the car industry as a whole. It literally admits that the dealership is out to screw you over.
Don’t worry, changes are coming. GM is rolling out a no-negotiation business model for the Hummer EV, and the program is set to spread to their other electric models and eventually everything. Others will follow. Dealers are going to be less independent and more like franchises. There won’t be any “deals,” but there won’t be any gouging either.
@Zach Bertucca historically they don't and in the case of most manufacturers, we are at the mercy of dealers collusive pricing and tactics
Tesla. Overpriced set price.
You mentioned before never to pay the dealer markup. I called 5 Hyundai dealers and they're all giving me 2-5k markups. Is it reasonable to expect to negotiate that out even in the current situation? I tried some initial negotiation but they were very much like "yeah i'll sell this very quickly, low inventories, good luck etc". They didn't seem moved to budge on that. Or do I have to ultimately do that when I get to the dealer? Thank you!
I just bought a car from Bachman Volkswagen
When dealers say "No Haggle" on used cars is that it or is there any wiggle room at all and if not does it matter if they know your going to trade in a car? Thanks.
There is wiggle room. Do your research and watch The Homework Guy.
Check the online price since it’s sometimes a few thousand lower than walking in off the street. I bought a used truck and knocked off over $8K on the overall price and walked away with less than 3% APR
Just watch out for the finance managers. They don’t budge as much as the salesman
@@colton4064 The finance man is usually the best salesman at the dealership. It’s like a video game, the finance man is the final boss. They do budge, you just need to walk and show them you’re serious. Their not going to lose the car deal because of a bunch of BS fees and an extended warranty.
@@colton4064 liar lol
Destination fees?
So are you a totally honest dealership that doesn’t jack up prices or charge hidden costs?
Hidden costs aren’t a thing. If you’re paying for it, you’ll be able to see it somewhere, whether it’s on the quote or the paperwork that you sign. MSRP is plainly visible on the window sticker, all you need is a calculator.
Yup, I hate it.
Chevy Traverse or Honda Pilot???
Honda pilot. Chevy traverse will give up within 6 months 😂
@UCQvzasuB9URdEtQhKmiG1fw you're completely wrong....A Traverse is a GREAT vehicle!
@@john1959ism everyone is entitled to their opinion but If you do research, and mechanic reviews on both on top of reliability and safety test, Honda pilot is superior in all tests. This isn't opinion, it's facts
@@DjkillaMusic give up in 6 months? Those are not facts....Period!
@@john1959ism obviously you can't tell what a joke is either 😂. My point is it can give up way too soon than a Honda pilot which can lasts for years. Please do your research before defending a crappy suv. Thank you
Are you still working Louisville Ky?
Yuuup
Chevydude.com
My question is, how does the dealership not fire you for making this video! 😂
Becuse I own it. 😂
What is a non tax fees?
generally speaking it's DMV fees like title, plates, etc
@@ChevyDude This is what they finally sent me: This is a list of added equipment or add on fees which I will not pay for.
I go to the key flyer sales all the time because I get to test drive cool cars and walk out with a garanteed 10 dollar gift card and a soda and popcorn.
Lol, kinda smart
WOW great info.,, AAAAAAAAAAA++++++++++++ again great video I liked it a lot ,keep up the great work.
He said outsmart him lol 😆
What’s that black Chevy truck? Do they still produce the special ops version Silverado? Let me know! Looking for new or very low mileage special ops.
im here to buy a car today if you have what I want il buy TODAY what are you driving now ? you look at the window sticker and comment on the Botton line of the adm. price + markup and $800 door edge guards they say we can get you a good deal . we fought over prices and I walked now its week later I see something better that I like do I return ?
just 1% info 99% exxagerations
Site don't work
How many people have done this to you when buying a car or truck to get best deal?
This is laughable, you’re not beating a car salesman. The dealership always wins.
True lol they always leave thinking they got a good deal only if they knew we took their head off 😂😂😂
Not true about caravana they offered me 21k for my 15 f150 and carmax offered me 24k
If it’s recent you are correct. Carmax has been offering more than carvana. I run 30-40 vehicles per day through them.
@@ChevyDude yea bro it was last week!
And nine months later, CarMax is going down the toilet. Makes ya wanna go, "hmmm 🤔"
A NEW CAR IS A DEPRECATING ASSET.
👍😁
That page you state will help with buying a vehicle, doesn't exist
I work for a dealership in texas. Went to this guys website and pulled vin/miles for JD Power trade in book values. That's the number the banks loan money off of. He is consistently 3k higher than the market. Guy is a fraud. Got out of the dealership to say he is going to do right by people and he is screwing each and everyone of his customers. What a joke.
Can they or do car dealers deny sales because I bring my own money (loan) to buy a new vehicle. Our excellent credit got us a great rate but do I have to reveal that before getting to the F&I office?
That would be something you should disclose after selecting the car and before filling out any credit applications or going to an F&I office. As for the first question, yes there are some dealers right now who won’t accept external financing because their own lenders share a small cut of the interest profit with them if they finance it internally, and right now they don’t need you to buy that car because someone else will. But you’ll improve your chances if you demonstrate your seriousness beforehand and inform them before you’ve wasted too much of your time and theirs.
@@coleg5578 Thank You Sir!
What about them adding to ur trade to get a better deal which would need to be mentioned at the beginning
if they are "adding" to your trade that is a scam number. You want to work everything separate. We deep dive into that inour System at AutoCarBuying101.com
@@ChevyDude they always say that they can’t take any more off so they add to our trade and ended up getting a good deal I think on a 21 tahoe
Tell them you have a mark up on your trade.
This is old news…very old
Any allocations out for the 2022 2ss 1le yet?
Yes. I already have two orders.
@@coleg5578 they got accepted yet? Put in my order with a dealer month and a half ago and still no vin number or nun
@@forthekids9482 I am a salesperson at the dealer, they’re orders I took from customers. They both are accepted, but haven’t been built yet so no VIN’s. TPP on one is this week and the other is 12/6. Have not received any allocations recently tho.
@@coleg5578 thanks👍🏽... is the 3-4months timeframe they told me sounds realistic to you? Already been 1 and half lol
@@forthekids9482 depends on when they get allocations and if you’re first in line for them or if there are orders in front of you. Once allocations are received it usually takes around 2 months for an order to be built and arrive.
The old 4 square.
Why would your employer allow you to post this?
Because a lot of people buy cars from his dealership and he sells them for MSRP. He acts like he’s the good guy but honestly you can pay less than MSRP. Invoice is the starting point.
Hey chevy dude I'm looking for a vette..I'm not paying the mark ups..hook me up
Dumbest shit I’ve heard good luck with finding one this guy is literally giving people false hope
Chevy Dude forgot about staying away from any dealer that is charging above MSRP. If a dealer is adding a "market adjustment" fee on top of the sticker price, go find a different dealer. 😉
OMG yes! Read my comment about the lousy Honda dealer I experienced
@@crazeenydriver My comment was made because "chevy dude's" dealer is charging over sticker on some cars.
Yea they are on new vettes they got a market adjustment
All the dealers I contacted are charging 6k or so over MSRP.
@@joel9873 some cars are worth more than MSRP that’s just the market, when you sell the car outright you can sell it for more than MSRP, why do you benefit from higher trades? but dealers can’t increase prices?
Mike Funny , BACHMAN , Chevy Does every 1 of Ur 5 do NOTS , WHAT UP ?
I would avoid buying a car in the current environment unless no other choice. Trust me there will soon come a time they will kiss your booty to make a deal....
Look do your homework be honest & most of don’t waist my time because I’m not wasting yours . The minute you play games is the minute I walk away because you need me just as mush as I need you .
334th liked
Making it sound like all dealerships are there to rip you off. How about never happen customers that even best deal is not enough. Situation goes both ways.
Unfortunately car salesman have been ripping off customers for a long time. We just can’t trust a car salesman when they say it’s a good deal.
Don’t buy a car that is more than 10% of what you make in a year. This way you’ll be fine, probably you’ll pay it cash