The story of the 'hobo' going into the dealership to buy....

The story of the 'hobo' going into the dealership to buy....

Author
Discussion

feef

5,206 posts

183 months

Tuesday 21st October 2014
quotequote all
Rude-boy said:
Blown2CV said:
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse.

/snip/


How much for cash lad?? fk off back to 1960 Arkwright.
Got it in one. Add in AML regs nightmares and you can have a perfect storm.

We state clearly in our client care papers that your can't pay more than £500 in cash towards any one transaction. The bit we can be a little flexible on is payment of the bill but most do that with the same money transfer from their bank as the purchase deposit, etc.
Quite.. and considering the AML amongst other things, if the dealer is the sort that WILL offer a significant discount for cash, then it would make me wonder what other questionable practices he might indulge in.

jesta1865

3,448 posts

209 months

Tuesday 21st October 2014
quotequote all
MagneticMeerkat said:
Blown2CV said:
brunei story, whilst fun... well it's obviously horsest.
That it is! I've been at the same event as the Sultan Of Brunei - really I have, it was an airshow years ago my Dad wanted to go to.

I digress, he was there shopping for the latest military hardware. The salient point is that he was taken out to view a line of parked fighter jets whilst the hoi polloi looked on (me being one of them). He was driven to the planes in a chauffeured limousine, complete with armed escort and a private ambulance in tow (!)

He was a fairly unassuming looking man in a sharp, blue suit - Italian, subtly tailored and a white shirt.

There's no chance he'd turn up unannounced at a dealer in Colchester then employ some random salesman to go off and purchase horses for him! He's accompanied by far too much pomp and circumstance at all times.
err it wasn't the sultan of Brunei at the dealership it was some bloke who worked for the family and was with a couple of big lads. as far as i know the guy had never met him personally the last time i spoke to them.

jesta1865

3,448 posts

209 months

Tuesday 21st October 2014
quotequote all
Ari said:
jesta1865 said:
so he accepted the ferrari and a couple of weeks later, pulled up on the forecourt of the MB dealer, senior looking guy comes over and asks him what he wants to look at, then gets told 'nothing, but i thought you'd like to know that self important prick over there wouldn't let me test an sl so i bought this'. got back in the car and drove off. it's the only time i've ever been in a 348, i laughed a lot smile.
Even if the story is true, the 'senior looking guy' would have just assumed the Ferrari was borrowed/hired/his dads, thought 'what a prick', and got on with his day.
so what? it made my mate feel better, doubt he thought it was his dads my mate was about 50 at the time.

jesta1865

3,448 posts

209 months

Tuesday 21st October 2014
quotequote all
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
because i'm giving them a sale and i'm not paying list price that's why.

jesta1865

3,448 posts

209 months

Tuesday 21st October 2014
quotequote all
Blown2CV said:
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse. Dealers get incentivised and targeted by finance companies

fk off back to 1960 Arkwright.
i wouldn't be paying with a bag stuffed with fivers you bellend, i'd pay on a debit card like i have in the past for cars.

i don't care what their incentive is, mine is to get money off the price or get more for the list price.

IanMorewood

4,309 posts

248 months

Tuesday 21st October 2014
quotequote all
Folding cash still works well at the lower end of buying cars, but over a couple of grand I would expect most transactions to take place electronically these days.

Blown2CV

28,811 posts

203 months

Tuesday 21st October 2014
quotequote all
feef said:
Rude-boy said:
Blown2CV said:
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse.

/snip/


How much for cash lad?? fk off back to 1960 Arkwright.
Got it in one. Add in AML regs nightmares and you can have a perfect storm.

We state clearly in our client care papers that your can't pay more than £500 in cash towards any one transaction. The bit we can be a little flexible on is payment of the bill but most do that with the same money transfer from their bank as the purchase deposit, etc.
Quite.. and considering the AML amongst other things, if the dealer is the sort that WILL offer a significant discount for cash, then it would make me wonder what other questionable practices he might indulge in.
exactly. it's basically "how much discount for not putting this through the books?", because that's the only tangible saving that had probably every come from cash purchases.

9mm

3,128 posts

210 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
Blown2CV said:
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse. Dealers get incentivised and targeted by finance companies

fk off back to 1960 Arkwright.
i wouldn't be paying with a bag stuffed with fivers you bellend, i'd pay on a debit card like i have in the past for cars.

i don't care what their incentive is, mine is to get money off the price or get more for the list price.
A debit card is not the same as cash.

Should you doubt this, try buying something with one at your local car boot sale and report back.

Blown2CV

28,811 posts

203 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
Blown2CV said:
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse. Dealers get incentivised and targeted by finance companies

fk off back to 1960 Arkwright.
i wouldn't be paying with a bag stuffed with fivers you bellend, i'd pay on a debit card like i have in the past for cars.

i don't care what their incentive is, mine is to get money off the price or get more for the list price.
your description of cash is not leverage to get any kind of discount though. People do, surprisingly, pay with actual cash on occasion, and as this has likely come from some undeclared business transaction, they would be hoping to launder it through another, is generally what's meant by "how much for cash".

jesta1865

3,448 posts

209 months

Tuesday 21st October 2014
quotequote all
9mm said:
jesta1865 said:
Blown2CV said:
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse. Dealers get incentivised and targeted by finance companies

fk off back to 1960 Arkwright.
i wouldn't be paying with a bag stuffed with fivers you bellend, i'd pay on a debit card like i have in the past for cars.

i don't care what their incentive is, mine is to get money off the price or get more for the list price.
A debit card is not the same as cash.

Should you doubt this, try buying something with one at your local car boot sale and report back.
it is for the purposes of my life, sorry and all that, but i would consider it a cash transaction as it goes directly from my current account. if that's not what you think, then oh well!

Fun Bus

17,911 posts

218 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
because i'm giving them a sale and i'm not paying list price that's why.
So you'd walk away from any car buying deal that you couldn't get discount on then?

Blown2CV

28,811 posts

203 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
9mm said:
jesta1865 said:
Blown2CV said:
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse. Dealers get incentivised and targeted by finance companies

fk off back to 1960 Arkwright.
i wouldn't be paying with a bag stuffed with fivers you bellend, i'd pay on a debit card like i have in the past for cars.

i don't care what their incentive is, mine is to get money off the price or get more for the list price.
A debit card is not the same as cash.

Should you doubt this, try buying something with one at your local car boot sale and report back.
it is for the purposes of my life, sorry and all that, but i would consider it a cash transaction as it goes directly from my current account. if that's not what you think, then oh well!
you don't seem to be understanding - there is no grounds for a discount just for paying with a debit card. You're not doing the place any favours over getting the car on finance, quite the opposite. If you get a discount, good for you, but it won't be for cash, it will be because they've got enough margin to do it.

I'd say however, that the "how much for cash lad?" crew are rarely as easy to sell to as their throwaway, devil-may-care statement might suggest. If it was indeed a statement of "i wish to buy that car right away, no test drive required, i am properly impulsive isn't it great?" then the salesman would have the order form in their hand within picoseconds. However, it isn't... it's often posturing bullst.

TIGA84

5,206 posts

231 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
because i'm giving them a sale and i'm not paying list price that's why.
Why not?

jesta1865

3,448 posts

209 months

Tuesday 21st October 2014
quotequote all
Blown2CV said:
jesta1865 said:
9mm said:
jesta1865 said:
Blown2CV said:
TIGA84 said:
jesta1865 said:
as an aside, even if i won the euro lottery tonight, i'd still as for how much were service items and tyres etc, purely as i would have done my homework and if i'm told something else i know i might be lied to about something else. i would also expect a discount for cash and a test drive with no strings, i can take my money elsewhere if need be.
Why?
a lot of people get this misconception from older male members of their family, nowadays cash is a complete pain in the arse. Dealers get incentivised and targeted by finance companies

fk off back to 1960 Arkwright.
i wouldn't be paying with a bag stuffed with fivers you bellend, i'd pay on a debit card like i have in the past for cars.

i don't care what their incentive is, mine is to get money off the price or get more for the list price.
A debit card is not the same as cash.

Should you doubt this, try buying something with one at your local car boot sale and report back.
it is for the purposes of my life, sorry and all that, but i would consider it a cash transaction as it goes directly from my current account. if that's not what you think, then oh well!
you don't seem to be understanding - there is no grounds for a discount just for paying with a debit card. You're not doing the place any favours over getting the car on finance, quite the opposite. If you get a discount, good for you, but it won't be for cash, it will be because they've got enough margin to do it.

I'd say however, that the "how much for cash lad?" crew are rarely as easy to sell to as their throwaway, devil-may-care statement might suggest. If it was indeed a statement of "i wish to buy that car right away, no test drive required, i am properly impulsive isn't it great?" then the salesman would have the order form in their hand within picoseconds. However, it isn't... it's often posturing bullst.
i understand fully, but i know enough car salesmen that they wouldn't turn me down if i offered to pay for the car outright (better?) rather than on finance. i also know that i may not get such a big discount, but i have been told that their margins get more fluid the closer to the end of the month and the size of the remaining target left.

and yes to the other poster, i would walk away if i never got anything either knocked off or thrown in, sorry but that's the way I am.

I've just walked away from Sky because they wouldn't do a deal on a new box, despite me having been a customer for over 10 years, i'm happy to chop and change if i have more money in my pocket. i actually don't understand people who wouldn't move to save money!

TIGA84

5,206 posts

231 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
i understand fully, but i know enough car salesmen that they wouldn't turn me down if i offered to pay for the car outright (better?) rather than on finance. i also know that i may not get such a big discount, but i have been told that their margins get more fluid the closer to the end of the month and the size of the remaining target left.

and yes to the other poster, i would walk away if i never got anything either knocked off or thrown in, sorry but that's the way I am.

I've just walked away from Sky because they wouldn't do a deal on a new box, despite me having been a customer for over 10 years, i'm happy to chop and change if i have more money in my pocket. i actually don't understand people who wouldn't move to save money!
Go and buy a Speciale Spider (you're a rich hobo after all) and get a discount.

Why do you think you should get a discount, do you haggle to get money off when you buy your shopping in Waitrose? Do you walk away if they don't play ball?

AvonRise

50 posts

114 months

Tuesday 21st October 2014
quotequote all
jesta1865 said:
i understand fully, but i know enough car salesmen that they wouldn't turn me down if i offered to pay for the car outright (better?) rather than on finance. i also know that i may not get such a big discount, but i have been told that their margins get more fluid the closer to the end of the month and the size of the remaining target left.

and yes to the other poster, i would walk away if i never got anything either knocked off or thrown in, sorry but that's the way I am.

I've just walked away from Sky because they wouldn't do a deal on a new box, despite me having been a customer for over 10 years, i'm happy to chop and change if i have more money in my pocket. i actually don't understand people who wouldn't move to save money!
And I can't understand people who will walk away from something they really want or need on a point of principle.

You'd also have been invited to leave the building when I worked in High Street retail.

HTP99

22,549 posts

140 months

Tuesday 21st October 2014
quotequote all
AvonRise said:
jesta1865 said:
i understand fully, but i know enough car salesmen that they wouldn't turn me down if i offered to pay for the car outright (better?) rather than on finance. i also know that i may not get such a big discount, but i have been told that their margins get more fluid the closer to the end of the month and the size of the remaining target left.

and yes to the other poster, i would walk away if i never got anything either knocked off or thrown in, sorry but that's the way I am.

I've just walked away from Sky because they wouldn't do a deal on a new box, despite me having been a customer for over 10 years, i'm happy to chop and change if i have more money in my pocket. i actually don't understand people who wouldn't move to save money!
And I can't understand people who will walk away from something they really want or need on a point of principle.

You'd also have been invited to leave the building when I worked in High Street retail.
In all honesty those sort of people are usually best not dealing with in the first place as they tend to be a nightmare, especially with that sort of attitude.

d8mok

1,815 posts

205 months

Tuesday 21st October 2014
quotequote all
HTP99 said:
In all honesty those sort of people are usually best not dealing with in the first place as they tend to be a nightmare, especially with that sort of attitude.
+1 to that. And its sometimes the "How much for cash? " brigade who couldnt get finance even if they wanted too;)

ruggedscotty

5,626 posts

209 months

Tuesday 21st October 2014
quotequote all
Heard about a guy buying an M3 a few years back - in middle of negotiations sales man took a call..... Guy got up and walked out. Turned up a few weeks later with a merc cosworth and got the salesman showed him the car and said hope that phone call was worth it.....

AvonRise

50 posts

114 months

Tuesday 21st October 2014
quotequote all
ruggedscotty said:
Heard about a guy buying an M3 a few years back - in middle of negotiations sales man took a call..... Guy got up and walked out. Turned up a few weeks later with a merc cosworth and got the salesman showed him the car and said hope that phone call was worth it.....
As with all these stories - if any are true, the salesman is probably thinking 'what a nobber - I'm glad I didn't bother with him'.