Ask a car salesman anything...anything at all (Vol. 2).

Ask a car salesman anything...anything at all (Vol. 2).

Author
Discussion

Fast Bug

11,597 posts

160 months

Friday 2nd July 2021
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spreadsheet monkey said:
Has to be worth phoning up and asking, right?
It costs nothing to ask!

21st Century Man

40,660 posts

247 months

Saturday 3rd July 2021
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Philip Schofield says I can have a big fat discount? In this market, he's talking crap isn't he? And if I had a desirable part exchange for used car stock, it would be a win/win to part exchange?

HTP99

22,443 posts

139 months

Saturday 3rd July 2021
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21st Century Man said:
Philip Schofield says I can have a big fat discount? In this market, he's talking crap isn't he? And if I had a desirable part exchange for used car stock, it would be a win/win to part exchange?
I've oft wondered about the bigger discount if you don't part ex in those ads.

As for WBAC they are paying silly money currently so you'd likely be better off if you dispose of your car through them and buy the car you want.

Lol, the ad has just popped up on the radio!

swanseaboydan

1,722 posts

162 months

Saturday 3rd July 2021
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Awesome thread this, may I ask a question to the trade please?

I’m thinking of selling my Ferrari California T as it is a top spec one and the market seems so strong I think I’ll get good money for it. I don’t like dealing with the general public too much but should i:
A - stick it on piston heads and see who is interested ?
B - put it on a site like collecting cars ?

The down side of collecting cars that I can see is that any commission the buyer pays they will naturally knock off what they bid ? This could either go to me if I sell through piston heads or autotrader or be the margin a trader would make if I sold to them. Have I got this right ?
I’m only thinking of selling because prices are so high so would be looking to get the most back but also don’t want too much hassle - any advice ?
Cheers
Dan

Edited by swanseaboydan on Saturday 3rd July 16:18

Fast Bug

11,597 posts

160 months

Saturday 3rd July 2021
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A lit of Porsche product has gone for strong money + fees on top, not sure how Ferrari models have been doing though. I'd say it's worth looking at some of the past auction results

anonymous-user

53 months

Sunday 4th July 2021
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HTP99 said:
As for WBAC they are paying silly money currently so you'd likely be better off if you dispose of your car through them and buy the car you want.

Lol, the ad has just popped up on the radio!
Are Wbac actually paying silly money, or do they know something you don’t? I ask as their offers since April just seem to go up and up and up!

Dealers meanwhile seem to be waaay behind the curve as far as PX.

Ymmv yadda yadda...

Heaveho

5,279 posts

173 months

Sunday 4th July 2021
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I bought a 31k miles 2009 Ford Connect T230 Limited in 2014 for £8400. I put 30k miles on it over the next 7 years, and sold it in March this year for £5850. It was worth 3k 18 months ago.

A month prior to this, I bought a mega spec 2018 1.5 Connect with 35k for £12,600. I can't replace it for less than 16k now, and have insured it for that.

Both my 2003 Mitsubishi Evo and 1988 Toyota MR2 have gone mad recently and have had to have their insurance cover re-evaluated.

RUSSELLM

6,000 posts

246 months

Sunday 4th July 2021
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talksthetorque said:
Is there a chance that as all car companies are all building to order rather than just filling airfields that most of them will make a profit for a change?
Only if they make the extra production staff redundant. Secure discounts from energy supplies, and can work their way out of supply and logistics contracts smile

KTF

9,788 posts

149 months

Wednesday 7th July 2021
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I have a question about paying off the finance on my new (used) car.

The car I bought came with an offer that if I took the finance you would get two free services and a deposit contribution. I am planning to pay it off as soon as I get the keys and was up front about this with the sales person. They said thats fine but asked that 3 payments are made first before I settle it otherwise they don't get their commission.

I was wondering is this was actually true or I should stop being 'nice' and just settle it after I collect the car as planned? Had it not been for the offer I would have paid cash so keen to pay it off asap.

HTP99

22,443 posts

139 months

Wednesday 7th July 2021
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KTF said:
I have a question about paying off the finance on my new (used) car.

The car I bought came with an offer that if I took the finance you would get two free services and a deposit contribution. I am planning to pay it off as soon as I get the keys and was up front about this with the sales person. They said thats fine but asked that 3 payments are made first before I settle it otherwise they don't get their commission.

I was wondering is this was actually true or I should stop being 'nice' and just settle it after I collect the car as planned? Had it not been for the offer I would have paid cash so keen to pay it off asap.
Withdraw within 14 days of signing the agreement, don't let it go beyond the 14 days as it will cost you more, phone the finance company, credit/debit card in hand and state that you want to withdraw from the agreement, worst case, you pay a few days interest.

Yes probably true ref commission, different finance houses work differently, however that isn't your problem, you need to withdraw within 14 days, for the best result for you.

Alextodrive

350 posts

74 months

Wednesday 7th July 2021
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blue_haddock said:
sutoka said:
Went to see a motor yesterday. High spec and lovely condition and mileage, servicing was all up to date, ask about timing belt, 90k or 6 years "I haven't got a clue if it's been done".

Then he decided it would be in the best to get one on it for "peace of mind". But wanted to add that cost onto the price of the car. So that's about £500 on top for something that should have been done when the car was serviced by him. Lost the sale for pulling that move I'm afraid.
Would you prefer for him to say yes it's has been done even if he doesn't know?

And as for passing on the cost on, as stock is so hard to get hold of why would they want to effectively give a £500 discounts on it?
Because the next car that the buyer see's will likely have had it done, given it's essentially a servicing requirement.

So all the seller did was now over-price his vehicle compared to the competition.

Assuming there is competition out there and it's not a rare car.

KTF

9,788 posts

149 months

Wednesday 7th July 2021
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HTP99 said:
Withdraw within 14 days of signing the agreement, don't let it go beyond the 14 days as it will cost you more, phone the finance company, credit/debit card in hand and state that you want to withdraw from the agreement, worst case, you pay a few days interest.

Yes probably true ref commission, different finance houses work differently, however that isn't your problem, you need to withdraw within 14 days, for the best result for you.
Thanks, I was aware that I can withdraw within 14 days but looking at the t&c, if you withdraw then you 'may' lose the incentives of free services/ deposit contribution. I will need to call them to check once my account is setup.

Finance Company said:
-If your Finance Agreement was subject to a deposit contribution you may need to repay this.
What I was planning to do was make lump sum payments or ask for an early settlement figure and clear that way in order to keep the incentives.

Assume if I do that then the end result will be the same as withdrawing?

Sheepshanks

32,526 posts

118 months

Wednesday 7th July 2021
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HTP99 said:
Withdraw within 14 days of signing the agreement, don't let it go beyond the 14 days as it will cost you more, phone the finance company, credit/debit card in hand and state that you want to withdraw from the agreement, worst case, you pay a few days interest.

Yes probably true ref commission, different finance houses work differently, however that isn't your problem, you need to withdraw within 14 days, for the best result for you.
I felt bad doing it on a VW but it was a few hundred quid difference between withdrawing straightaway or settling after 3 months. Salesguy blanked me next time I saw him.

HTP99

22,443 posts

139 months

Wednesday 7th July 2021
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KTF said:
HTP99 said:
Withdraw within 14 days of signing the agreement, don't let it go beyond the 14 days as it will cost you more, phone the finance company, credit/debit card in hand and state that you want to withdraw from the agreement, worst case, you pay a few days interest.

Yes probably true ref commission, different finance houses work differently, however that isn't your problem, you need to withdraw within 14 days, for the best result for you.
I was aware that I can withdraw within 14 days but looking at the t&c, if you withdraw then you 'may' lose the incentives of free services/ deposit contribution. I will need to call them to check once my account is setup.

Finance Company said:
-If your Finance Agreement was subject to a deposit contribution you may need to repay this.
What I was planning to do was make lump sum payments or ask for an early settlement figure and clear that way in order to keep the incentives.

Assume if I do that then the end result will be the same as withdrawing?
If you settle as opposed to withdraw then you will pay more interest.

Our finance documents also state that if you withdraw then you will lose all deposit contributions and incentives, you don't but it will be coming eventually due to so many people entering an agreement and withdrawing to just take advantage of any finance incentives.

KTF

9,788 posts

149 months

Wednesday 7th July 2021
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HTP99 said:
If you settle as opposed to withdraw then you will pay more interest.

Our finance documents also state that if you withdraw then you will lose all deposit contributions and incentives, you don't but it will be coming eventually due to so many people entering an agreement and withdrawing to just take advantage of any finance incentives.
Ok, so the warning is only there to make people stop and think about cancelling it.

I pick up the car on Thursday afternoon along with the finance paperwork so I will call the finance company up on Friday morning and say I want to withdraw. pay off the balance and check it doesn't result in the incentives from being removed.

The figure to pay should match the balance due from finance on the paperwork plus a little bit for interest.

Sheepshanks

32,526 posts

118 months

Wednesday 7th July 2021
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HTP99 said:
Our finance documents also state that if you withdraw then you will lose all deposit contributions and incentives, you don't but it will be coming eventually due to so many people entering an agreement and withdrawing to just take advantage of any finance incentives.
There must be some reason why they don't claw it back - no way would VW let it slide if they didn't have to.

I guess it'd be a can of worms on charging different base pricing for cash or credit, which is illegal.

Free servicing is maybe more tricky - in our case it wasn't free, but the package was discounted so I was confident that would be OK. I recall reading that some manufactuers send a voucher just before the service is due and they only send them is the finance is still in place.

A sales guy told me a lot of people say they're going to pay the finance off but then don't, that's one of the reasons why they ask people to keep paying for a few months - once buyers get used to paying they just leave it. I suppose if too many people withdrew then they would change the schemes.

KTF

9,788 posts

149 months

Wednesday 7th July 2021
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Sheepshanks said:
A sales guy told me a lot of people say they're going to pay it off but then don't, that's one of the reasons why they ask people to keep paying for a few months - once buyers get used to paying they just leave it. I suppose if too many people withdrew then they would change the schemes.
Yes, I believe there is an element of this as well as people forget and it rolls on.

When I bought the car the sales person said the free servicing was part of the finance incentive and to ask the finance company how that is managed - voucher, centrally, whatever. Its valid at any of their dealers so not tied to the supplying one.

Maximus Decimus Meridius

1,230 posts

40 months

Wednesday 7th July 2021
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When do those in the know think used values will come down ?
Or won't they ? Will manufacturers increase prices of new metal to compensate ? Do we think this is sustainable ?

Olivia17

7 posts

32 months

Wednesday 7th July 2021
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Hi! I have 3 questions.

1. Do salespeople/the dealership tell customers that the car will be delivered at a later date than they are expecting? I have a car on order and the salesman tells me around July 26th but he's put 'VIP' on the order form, but is he saying that so when it actually arrives a week earlier it looks good on him?


2. When the car does arrive (i've been told it's not in the country) how long from it arriving, to me picking it up? I don't know if I can get it the day it comes or if they're going to want to do anything with it? I need is ASAP so i'm hoping for the better end of the answer.

3. I was approved finance Monday morning, it's now Wednesday afternoon &I still haven't received the finance documents to sign, I called yesterday and the receptionist said she'd chase up, but still nothing, I have no car as of this Saturday due to my insurance not renewing as i'm going with a different provider for the new car so I need the finance signed asap so I can secure things for myself in my own head, if I call again and ask will i be a bother?

(Edited to add that it's an Audi if it makes a difference)

Edited by Olivia17 on Wednesday 7th July 15:06


Edited by Olivia17 on Wednesday 7th July 15:09

Fast Bug

11,597 posts

160 months

Wednesday 7th July 2021
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We took out finance when buying Mrs FB's Polo as it had 2 free services. We withdrew from the agreement and still got the free services, saleman never sent us the promised floor mats (no surprise), but as the mats are cheaper than the servicing I'm not all that fussed biggrin