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Old 02-03-2008, 10:49 AM   #141 (permalink)
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Old 02-03-2008, 10:51 AM   #142 (permalink)
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yeah, I knew more about the Si's than the salesmen AND the sales manager at the HONDA I bought the car from when I did. It's amazing how clueless they are.
I hate that, It feels so awkward when you buy something from someone and they don't know nearly as much as you do about it.
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Old 02-03-2008, 10:57 AM   #143 (permalink)
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I hate that, It feels so awkward when you buy something from someone and they don't know nearly as much as you do about it.

but damn they know what the price on the sticker is. lol, no fooling them there.
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Old 02-03-2008, 11:07 AM   #144 (permalink)
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but damn they know what the price on the sticker is. lol, no fooling them there.


haha yeah id hope they knew that much.
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Old 02-03-2008, 12:20 PM   #145 (permalink)
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Dealers make alot in profit profit from new cars by high sales volume and when they charge you labor for accessory installations not to mention when the finance person tries to sell you extended warranties/paint protection/lojack -especially on a hot car and, of course, provided it's a brand people want unlike Kia (hehehehe -couldn't resist!).

Although used cars are more affordable, the're like milk with a limited shelf life but between the miniscule amount they paid for the trade in and the markup there's a lot of wiggle room to negotiate.
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Old 02-03-2008, 12:25 PM   #146 (permalink)
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Dealers make alot in profit profit from new cars by high sales volume and when they charge you labor for accessory installations not to mention when the finance person tries to sell you extended warranties/paint protection/lojack -especially on a hot car and, of course, provided it's a brand people want unlike Kia (hehehehe -couldn't resist!).

Although used cars are more affordable, the're like milk with a limited shelf life but between the miniscule amount they paid for the trade in and the markup there's a lot of wiggle room to negotiate.
^^^
Listen everyone, the genius has spoken. I totally agree with that, I'm surprised salesmen are on this forum saying that they make more money from used cars and then new cars. I guess it depends from dealership to dealership. I would personally think that the general population gets a better deal when it comes to used cars but thats just me. Dealer wanted 26K when I was buying my SLK230 roadster, I took it home for 21.5K +T/T/L.
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Old 02-03-2008, 01:23 PM   #147 (permalink)
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My car would take longer to arrive since it was being made in Japan.

After telling me some really complex stuff about some feature of my engine that even I didn't understand, I asked him if all I had to do was switch out the OEM radio dash panel to put in an aftermarket radio. He says "I have no idea what your talking about. Your speaking Greek to me, guess you'll have to speak to a tech."
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Old 02-03-2008, 08:41 PM   #148 (permalink)
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Old 02-04-2008, 01:42 AM   #149 (permalink)
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Well I am talking about from the standpoint of the lease option. Dealers can offer a lease option on any new car and make basically pure profit and on top of that sell it used and make some profit again. It would make sense the profit margin is higher but I would assume that if they have a 70K vehicle on the lot it would be more of a burden on the dealership just because they spent more to purchase that new car, and at times they may not have funding to get some other models. And your telling me you make only $400-$2000 dollars on a used car???A buddy of mine told me they are making $3000 grand on the Si selling it at 22K. He said he would give me $917 off because he is a top salesman which he did. Also there is much more room for negotiation in a used car which is obvious, so if you start with a $5K profit margin, it would be less of problem to reduce that by $3K just because you know used cars come and go. How often does a Si show up on lots? Not very often. When it does come it sells, and the dealer can't cut off to much from the stickier just because they know it will sell and they can sell it for full MSRP. The fact that used cars come and go allows for more sales, but pure profit is questionable.
What does the lease option have anything to do with "pure profit" The dealership will make the same amount finance or lease... given the sales price is the same.... There is more money in used cars... If you look at the numbers of a given dealership selling 300 cars per month...

They'll make an average pva (per vehicle average) of $1200-$1800 on new...

They'll make an average pva of $2200-$2900 on used...

I'm not talking about the SI only on my last post....

I was referring to the salesman's mentality... he rather sell used than new....
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Old 02-04-2008, 01:52 AM   #150 (permalink)
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[quote=DNieves;2171104]Dealers make alot in profit profit from new cars by high sales volume and when they charge you labor for accessory installations not to mention when the finance person tries to sell you extended warranties/paint protection/lojack -especially on a hot car and, of course, provided it's a brand people want unlike Kia (hehehehe -couldn't resist!).
QUOTE]

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Originally Posted by ricetastic View Post
^^^
I'm surprised salesmen are on this forum saying that they make more money from used cars and then new cars.
Dealers make profit period..obviously.. Salesman make bigger vouchers on selling used cars than new... I don't know why that's such a surprise that I'm saying that... and the finance person tries to sell warranties, paint protections...etc on used cars also... I was referring to front end profit...

The deal on the Mercedes...I believe it... that's because you went in educated and negotiated well... KUDOS...

But if an uninformed person goes in...pays "sticker" for the new car... and pays..."asking" for the used car... and there are people who pay asking for used cars... more than one would think...

I'm just trying to inform you guys on the inside knowledge... that's all... been doing this for 12 years... I thought you guys would appreciate it... sorry...
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Old 02-04-2008, 01:55 AM   #151 (permalink)
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test driving a Civic ex sedan was more fun then test driving a civic lx sedan, when testing driving the civic ex sedan we were actually able to touch the inside and stuff and were actually able to drive it the way we wanted, in the lx civic sedan we were told where to go....btw these were two totally different dealership's.....oh where the ex sedan was test drove the salespeople were actually surprised that i knew alot about civic's and other things about honda...it comes to show that the stupidity gets reversed.
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Old 02-04-2008, 03:37 AM   #152 (permalink)
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[quote=bigdaddy;2175550]
Quote:
Originally Posted by DNieves View Post
Dealers make alot in profit profit from new cars by high sales volume and when they charge you labor for accessory installations not to mention when the finance person tries to sell you extended warranties/paint protection/lojack -especially on a hot car and, of course, provided it's a brand people want unlike Kia (hehehehe -couldn't resist!).
QUOTE]



Dealers make profit period..obviously.. Salesman make bigger vouchers on selling used cars than new... I don't know why that's such a surprise that I'm saying that... and the finance person tries to sell warranties, paint protections...etc on used cars also... I was referring to front end profit...

The deal on the Mercedes...I believe it... that's because you went in educated and negotiated well... KUDOS...

But if an uninformed person goes in...pays "sticker" for the new car... and pays..."asking" for the used car... and there are people who pay asking for used cars... more than one would think...

I'm just trying to inform you guys on the inside knowledge... that's all... been doing this for 12 years... I thought you guys would appreciate it... sorry...
Exactly... The dealer itself in the long run will make way more off of servicing the vehicle and doing maintenance work than they ever did off the sale. That is if they can keep the customer as a regular service customer which however isn't as easy as it sounds.

There a few different departments in a dealership which are considered different entities under the same roof:
Sales- New
Sales- Used (Combined as just Sales of new and used depending on the dealership)
Finance and Insurance
Parts
Service (sometimes combined with parts)
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Old 02-04-2008, 04:33 AM   #153 (permalink)
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^^^ my dealership has three seperate buildings, one building is parts and new cars, one is just for service then one for just used cars... thats extreem...
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Old 02-04-2008, 04:47 AM   #154 (permalink)
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Old 02-04-2008, 08:41 AM   #155 (permalink)
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Thats why we all go to the "stealership" not the dealership. They will tell you anything and everything to make a sale. My dad unfortunately believes what they say over anyone else because "they work for honda". So if the stealership says my moms odyssey has 300HP it magically does. One dealer told us that the escalade has a engine management feature where it disables a row of cylinders so in simple terms it has two engines..

actually, cadillac pioneered the cylinder management concept all the way back before quite a few of us were born (1981 or so). The original cadillac engine could shut off 2 or 4 cylinders in an attempt to save fuel. It was almost a complete failure.

Current cadillacs, as far as I know, do not have this feature.



Honda recently introduced it on top of the line (EX-L, Touring) versions of the Odyssey as well as 2WD versions of the pilot and in the V6 models of the Accord. The Hybrid Civic also has the cylinder deactivation capability, with the 8th gen being able to get down to just 1 cylinder firing at highway cruise speeds if I remember correctly.

Honda's system yields slightly better economy in the odyssey when equipped.
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Old 02-04-2008, 10:30 AM   #156 (permalink)
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Old 02-04-2008, 11:35 AM   #157 (permalink)
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but damn they know what the price on the sticker is. lol, no fooling them there.
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Originally Posted by ImCrazy07 View Post
haha yeah id hope they knew that much.
my sales guy didnt kno how much the Si was..when i asked them how much they wanted for the FA5...he was like..ahh..let me check for you went to the comp and looked up msrp...i was like..wow u suck..the whole time he was like i can get u an ex...we dont ahve the FA5 in stock...i was like no..im lookin at the Si...he was like yea man that a fast car..200 horse power man...high performance car..im like..ok tell me somethign i dont know..the man didnt kno anything about the Si...he was lucky to sell me the car bc i was already sold on it...when i did my research..prior to talkin to him...he wouldnt have made a sell... if i didnt know more than he did..i feel bad for ppl who go car shoping with no prior research...
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Old 02-04-2008, 11:52 AM   #158 (permalink)
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I've heard a Toyota dealership tell me that the avg age of the Corolla and Civic is like 20 something (not 50+) and that the Corolla has more safety features than then Civic, and that it outsells it all the time.


She must have forgotten about the fact that the Civic is the best selling car in Canada (not just over the Corolla, but ALL cars for the past decade).


I think she also mentioned the Corolla has more HP and was by far sportier than the current 8thgen civic. This was the 07 Corolla...
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Old 02-04-2008, 12:13 PM   #159 (permalink)
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Old 02-04-2008, 01:50 PM   #160 (permalink)
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Originally Posted by portabuddy View Post
^^^ my dealership has three seperate buildings, one building is parts and new cars, one is just for service then one for just used cars... thats extreem...
Haha ya that is getting serious!

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I've heard a Toyota dealership tell me that the avg age of the Corolla and Civic is like 20 something (not 50+) and that the Corolla has more safety features than then Civic, and that it outsells it all the time.


She must have forgotten about the fact that the Civic is the best selling car in Canada (not just over the Corolla, but ALL cars for the past decade).


I think she also mentioned the Corolla has more HP and was by far sportier than the current 8thgen civic. This was the 07 Corolla...
I'd throw a flipper!
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