Making an offer to a dealer ?

Making an offer to a dealer ?

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bigee

Original Poster:

1,485 posts

239 months

Wednesday 14th September 2016
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Very interesting Ray, some real food for thought.

Fox-

13,251 posts

247 months

Thursday 15th September 2016
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PositronicRay said:
As an ex motor trader I'd agree. Unless desperate, car overage etc, I'd be unlikely to try so hard over the phone, instead looking to make a decent margin in a take it or leave it kind of way. With someone in front of me, ready to deal, time and emotional investment on both sides, it's a different story.

Even after years in the trade, each time I signed a deal I'd get a little injection of adrenalin. Quite addictive, a telephone sale just didn't generate this.
I guess it's probably true that dealers tell you what you want to hear but I've had several conversations with the dealers at collection time and most have explained how they do the majority of their business via the internet/telephone sales to customers who do not live locally. I'm sure it's quite different for independents but with main agents now you go onto the manufacturers website and click, a list of suitable cars all over the country appears. You are not going to pop to Aberdeen, Crewe, Exeter and Colchester on the offchance of a deal. You're going to try and buy one of the cars over the phone to make one trip - to collect.

768

13,786 posts

97 months

Thursday 15th September 2016
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I'd be pretty surprised if a car at £32k wouldn't sell at £30k. Less so with an Aston perhaps, but still.

PositronicRay

27,100 posts

184 months

Thursday 15th September 2016
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Fox- said:
PositronicRay said:
As an ex motor trader I'd agree. Unless desperate, car overage etc, I'd be unlikely to try so hard over the phone, instead looking to make a decent margin in a take it or leave it kind of way. With someone in front of me, ready to deal, time and emotional investment on both sides, it's a different story.

Even after years in the trade, each time I signed a deal I'd get a little injection of adrenalin. Quite addictive, a telephone sale just didn't generate this.
I guess it's probably true that dealers tell you what you want to hear but I've had several conversations with the dealers at collection time and most have explained how they do the majority of their business via the internet/telephone sales to customers who do not live locally. I'm sure it's quite different for independents but with main agents now you go onto the manufacturers website and click, a list of suitable cars all over the country appears. You are not going to pop to Aberdeen, Crewe, Exeter and Colchester on the offchance of a deal. You're going to try and buy one of the cars over the phone to make one trip - to collect.
Most initial enquiries come in by phone/internet, sales people will try to convert these to appointments.
Bums on seats, face to face negotiation still accounts for most of the deals.

The one trip to demo/view/handover thing does happen, however often can get complicated, PX not described correctly, paperwork incomplete, debit card declined, less chance to sell add ons. Particularly if this was happening when busy @ the weekend.

If someone was out of area we'd still try and do it in couple of stages, appointment to view/demo/deal. Then deliver the car FOC a few days later with final prep, valet, paperwork sorted. Most main dealers don't have an admin dept at the weekend for invoicing etc, so any changes tweaks etc became a monumental pain in the ass.

I worked in the Midlands, although we'd happily supply throughout Europe, (Malta and Ireland are RHD) and Asia, the majority of cars were within a 50 mile radius. A few yrs ago when the £/Euro exchange rate was almost @ parity Ireland became a decent market. Deal done on the phone, decent chassis profit but no addons, collect customer from BHX, and wave goodbye, no warranties, RFL etc, and paperwork completed for export.

With more specialised non franchise kit (Porsche, Aston, 4x4s, AMG, M cars, Bentley + the occasional Ferrari/Lambo PXs), we'd carry out an inspection/valet, price it keenly, put it on the website for a week or two and it'd just sell of it's own accord. Once sold (often out of area) we'd carry out any servicing or remedial work then deliver. If not retailed quickly we'd sell it on through the trade before the next book drop.

We were in a fortunate position, huge fleet business with logistics delivering all over the UK. Due to the scale of the operation deliveries didn't cost much and so freed up sales people for selling.

Ozzie Osmond

21,189 posts

247 months

Thursday 15th September 2016
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As a customer you have maximum power when you are "holding"; that is sitting right there in front of the salesman and ready to spend NOW or walk away.

Whenever I go into a dealership I always make clear whether I'm "just looking" or "ready to spend today". Saves a hell of a lot of faffing about for everyone.

Rule 1 of negotiation is make sure you know the market. Unless you know the "value" or lack of it in the sticker price you have no idea whether you're negotiating to get £50 off or £2,000 off.

bigee

Original Poster:

1,485 posts

239 months

Thursday 15th September 2016
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Tts a fair point as well,i have been watching the market for these for a while now. Prices are pretty stable but they are hardly quick sellers either.
As an aside, a fair few I have enquired after at independent dealers whilst having a fully stamped book have NO supporting paperwork to back up the history....I always considered that a negative but in this case it seems 'normal',any ideas on that ?

PositronicRay

27,100 posts

184 months

Thursday 15th September 2016
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bigee said:
Tts a fair point as well,i have been watching the market for these for a while now. Prices are pretty stable but they are hardly quick sellers either.
As an aside, a fair few I have enquired after at independent dealers whilst having a fully stamped book have NO supporting paperwork to back up the history....I always considered that a negative but in this case it seems 'normal',any ideas on that ?
Often people don't handover invoices with the car, for various reasons. If in doubt call the servicing dealers.

DottyMR2

478 posts

128 months

Thursday 15th September 2016
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bigee said:
Tts a fair point as well,i have been watching the market for these for a while now. Prices are pretty stable but they are hardly quick sellers either.
As an aside, a fair few I have enquired after at independent dealers whilst having a fully stamped book have NO supporting paperwork to back up the history....I always considered that a negative but in this case it seems 'normal',any ideas on that ?
Exactly, not quick sellers so he could be just shy of his target and there is 2 weeks left in the quarter. It's an opportune moment to try and snatch a deal this time of year

Ozzie Osmond

21,189 posts

247 months

Thursday 15th September 2016
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If you want invoices, buy privately. Most people would expect a warranty when buying from a dealer and would rely on that rather than the detailed paper records history.

When selling I find a neat file of papers very useful indeed. Immediately puts my car ahead of many others the buyer might be looking at.

bigee

Original Poster:

1,485 posts

239 months

Thursday 15th September 2016
quotequote all
PositronicRay said:
Often people don't handover invoices with the car, for various reasons. If in doubt call the servicing dealers.
Funny enough I called one servicing dealer (Stratstone) who told me its not policy etc etc, then proceeded to try and sell me a £50k Roadster !!
Just seems a shame to have no paperwork with a car such as this.

PositronicRay

27,100 posts

184 months

Thursday 15th September 2016
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Some people don't see the value in paperwork, often stays stuck in a file with the wallet key and then chucked. I've even seen admin staff and salesman bin it, because it made their files untidy!

If a car's on a service plan you won't get an invoice, sometimes people manage to get the invoice through company books, again it won't follow the car.

If one dealer isn't helpful try another, or be a bit devious. Some manufactures hold a data base, not sure about Aston. JLR never used to, if a dealership changed hands any computer records would get wiped.

I've heard tales of people with only a little history, contacting previous owners, and being rewarded with a dusty file stuffed with stuff they forgot to give to the dealer.

All the dealers really check is for a book full of stamps, whether it's a PX or from elsewhere in the trade.

Edited by PositronicRay on Thursday 15th September 17:07

JimmyConwayNW

3,077 posts

126 months

Thursday 15th September 2016
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Not sure if mentioned here already but on a car like this with the potential for big bills if it goes wrong I would be wanting to buy the best example from a place I was confident would back me up should I experience an issue.

I wouldn't want to pay 38k if they were all on the market at 30k but I would certainly be looking at the overall value of the deal rather than just being to fixated on price.

I also think a car like this should be an exciting purchase make sure you enjoy it and enjoy the deal. The buzz will soon be wiped out if you have any problems and buy from a poor dealer.

bigee

Original Poster:

1,485 posts

239 months

Thursday 15th September 2016
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Well.....viewed another tonight. Was ok. But no idea/paperwork as to whether car has had a clutch or not and as car has done 69k its something you need to know. The dealer would fit new clutch (which is circa 2.5k ) at asking price or, take as is, but only knock of half of cost of clutch. Prob not for me.
Think i have done a deal on a private sale....all the invoices,history,new clutch,new brakes,just serviced,facelift model etc...refreshing to talk to the owner and get answers to questions ! This in fact......roll on Sunday !


PositronicRay

27,100 posts

184 months

Friday 16th September 2016
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bigee said:
Well.....viewed another tonight. Was ok. But no idea/paperwork as to whether car has had a clutch or not and as car has done 69k its something you need to know. The dealer would fit new clutch (which is circa 2.5k ) at asking price or, take as is, but only knock of half of cost of clutch. Prob not for me.
Think i have done a deal on a private sale....all the invoices,history,new clutch,new brakes,just serviced,facelift model etc...refreshing to talk to the owner and get answers to questions ! This in fact......roll on Sunday !

Good luck, buying from an enthusiast is always my prefered choice too.

TR4man

5,243 posts

175 months

Friday 16th September 2016
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That looks like a beauty - well done!

The seller's garage inspires confidence too.

bigee

Original Poster:

1,485 posts

239 months

Friday 16th September 2016
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Cheers , Ray, I've pretty much always bought from the owner (and I've had a fair few cars ! ) only once or twice from trader. Just find it easier chatting,looking,getting a 'feel' for the car etc.Sure probably a slightly more risky way of buying but a bit of due diligence and a common sense approach normally works well.
NB: Please God I haven't just jinxed it saying that ...!!
Just as a final thought one of the dealers I tried to haggle with was adamant that he only had 2k in a car he had marked up at 32k so couldn't do any sort of deal, is that really possible for a trader to be exposed for 30 for only a 2 k return somewhere down the line and still, technically at least, have to stand by the car? Seems an unlikely scenario to me .

buyer&seller

778 posts

179 months

Friday 16th September 2016
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bigee said:
Just as a final thought one of the dealers I tried to haggle with was adamant that he only had 2k in a car he had marked up at 32k so couldn't do any sort of deal, is that really possible for a trader to be exposed for 30 for only a 2 k return somewhere down the line and still, technically at least, have to stand by the car? Seems an unlikely scenario to me .
It's entirely possible he has no margin in the car for a number of reasons but if he hasn't then it's his own fault. I've been faced with this on numerous occasions and I'm sure I will again in the future, the best approach is to do the best deal you can, put the money back in the bank and then go and buy something you can make a profit out of, otherwise you'll never move forward. Frankly the fact that he's telling you is a very poor sales technique and you'd be a mug to swallow it, like I said it's he's own problem and will likely be all of his own making.

Ozzie Osmond

21,189 posts

247 months

Friday 16th September 2016
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[quote=buyer&seller]you'd be a mug to swallow it
[/quote]

^^ This.

bigee

Original Poster:

1,485 posts

239 months

Friday 16th September 2016
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Which is why I didn't ....and bought another !