consumer

Alexandria, VA

#1 Feb 10, 2013
Has anybody else thought its funny when u buy a car, new or used, they try to sell u gap insurance. When ur buying they act like ur getting such a great deal and then u sign papers and they tell u that u probly need gap coverage bcuz the insurance company wont giv u what u owe if its totaled. Like dude if im gettn this killer deal why do i need gap!! Dam salemem kill me!!
lol

Alexandria, VA

#2 Feb 10, 2013
Another good one is we're losing money on this deal.. Yeah right!! And when you have a trade you get low balled by about 2-3 thousand. Eveybody has internet and can see what there cars worth!! Its not the 80s!!
truth

Cottageville, WV

#3 Feb 11, 2013
Sometimes the dealer does lose money on the deal. Dealers can get money from the manufacturer based on the number of vehicles sold. So a lot of times it's not what they sold the car for, but that they sold it at all.
what

Alexandria, VA

#4 Feb 11, 2013
a dealer never loses money! They may not make much on a deal once and a while, but they never lose. I was told minimum deal thay could accept on a used car is 1500! Mark up in new cars is through the roof. Why do you think they can come so much off sticker! These guys sure have nice homes that own these dealerships if theyre losing money!!
hard worker

Parkersburg, WV

#5 Feb 12, 2013
i need a job are any of the car lots hiring
a

Ravenswood, WV

#6 Feb 12, 2013
Heres a tip. Always tell a salesman u do NOT have a trade in until after u have settled on a price on the new car. That way, they cannot give u a great trade in price and just add it on to the price of the new car.
asdf

Ravenswood, WV

#7 Feb 12, 2013
Hell ya! Every car lot in ripley is hiring!! Go get an application.
1 post removed
hos

Alexandria, VA

#9 Feb 12, 2013
consumer wrote:
Has anybody else thought its funny when u buy a car, new or used, they try to sell u gap insurance. When ur buying they act like ur getting such a great deal and then u sign papers and they tell u that u probly need gap coverage bcuz the insurance company wont giv u what u owe if its totaled. Like dude if im gettn this killer deal why do i need gap!! Dam salemem kill me!!
Gap insurance if so the gap pays off ur car and your car insurance pays for u a new car dumbass
problemsolved

Bellevue, WA

#10 Feb 12, 2013
you will always lose money when u trade in a vehicle. the most a lot gives you is low book for your trade. it is a business they pay low and sell high. if you dont like it sell it yourself and try to make a few xtra hundred bucks. salesmen brag about dumbass people who they rip off all the time. i know because i sold cars for ten years. i made over 80 grand every year. i know my sales manager made over 125000.
what

Gallipolis, OH

#11 Feb 12, 2013
hos wrote:
<quoted text>
Gap insurance if so the gap pays off ur car and your car insurance pays for u a new car dumbass
Gap has nothing to do with buying a new car dum fuk. If you owe 20k on ur car and u total it and ur insurance only pays 15k, gap picks up the remaining 5k. Then you can go buy a dam motorcycle to ride if u want or hitch hike or whatever. Ur insurance should uaually pay what your car is worth. Thats why ur insurance provider ask what sticker was on the vehicle u purchased. So if u need gap u usually owe more than what the car is worth.
hahahahh

Gallipolis, OH

#12 Feb 12, 2013
truth wrote:
Mark up in new vehicles is not through the roof. Average markup on a compact car is 300.00- 600.00 dollars which is quickly haggled away. And for the record the whole wait until the last minute to say you have a trade isn't a terrific idea. What it all comes down to is do you want to buy the car Wholesale to Wholesale or Retail to Retail. It doesn't matter either way it all ends up the same. I hate when people imagine a dealership is making thousands and thousands of dollars on them. The true people to be upset with us the financial institutions that pump up the interest rate making you owe way more than the vehicle is worth. That's called up-side down, and 90% or people are. The dealer then needs to find a way to pay off your trade, which you owe too much on and give you the deal you want. So in conclusion sometimes the dealer does lose money.
3-600 on a new car is all the mark up is??? Ur a fu#*ing moron!!!! The salesaman alone makes 15-300 dollars on the deal. Not to mention the sales manager and the owner and everybody else who gets ther piece pf the pie!! If what u say is true, then the salesman is the only person making money! Dam lester raines and joe holland take a back seat to the saleamana profits!!! Dumass!!
consumer

Gallipolis, OH

#13 Feb 12, 2013
You dont always lose money on a trade. You do compared to selling it out right i agree. But if you have your car paid off and they give you 8k for trade in. That 8k is put toward the new car purchase. If the new car books for 30,000 and you only finance 20,000, u dam sure dont need gap, but they still try to sell it to you. Its all about making money. If 5% of cars sold are totaled, idk what the actual number is but sure its pretty low. Then that means on 95% of vehicles who pays for gap insurance is just profit and they dont have to pay a dime unless your car is totaled. Even though your paying for it. Just like extended warranty. Most of the time your gonna pay more for the warranty cost than the coat they spend on your vehicle and they make money on you that way also. Notice i say most of the time. If you own a dodge you might want to pay for extended coverage. Lol
fact

Charleston, WV

#14 Feb 13, 2013
a wrote:
Heres a tip. Always tell a salesman u do NOT have a trade in until after u have settled on a price on the new car. That way, they cannot give u a great trade in price and just add it on to the price of the new car.
then the deal drops do to lying dipstick. so i see you have never doen this cause it doesnt work. and never will
truth

Cottageville, WV

#15 Feb 13, 2013
hahahahh wrote:
<quoted text>3-600 on a new car is all the mark up is??? Ur a fu#*ing moron!!!! The salesaman alone makes 15-300 dollars on the deal. Not to mention the sales manager and the owner and everybody else who gets ther piece pf the pie!! If what u say is true, then the salesman is the only person making money! Dam lester raines and joe holland take a back seat to the saleamana profits!!! Dumass!!
Negative. New car profits are not controlled by the dealership. With all of the information available to us consumers we are able to get all of the markup out of the vehicle. The salesman/saleswoman is paid a flat rate when this happens, it's called a "mini-deal". That's why most dealers will show you the invoice and sell it to you for that. Granted there is what's called "dealer holdback" but it is usually only a few hundred dollars. The salesperson and the dealer makes much more on used inventory, but we aren't talking about used vehicles here. Calling me names in no way refutes the fact that you are misinformed.
huh

Alexandria, VA

#16 Feb 13, 2013
So 3-600 is all the markup, which is quickly haggled away. That would mean NOBODY is making money. Seems like these guys who own dealerships are doing ok for themselves. So what your saying is bullshit!! They may not make thousands on every deal, but i promise its more than 300 bux. Msrp is set from the manufacturer to set a bar. Do you think it cost them 40,000 to roll each individual truck off the line.. Hell no!! But they sellem at that price all day! Those boys at toyota better quit bcuz its a matter of time before they shut down based on your 300 dollar scale
1 post removed
really

United States

#18 Feb 14, 2013
I sold mobil homes years ago i think cars r like that we sold for more than double wgat the lot payed maybe we payed 7500 sold for 21000
Big Daddy

Marietta, OH

#19 Feb 18, 2013
problemsolved wrote:
you will always lose money when u trade in a vehicle. the most a lot gives you is low book for your trade. it is a business they pay low and sell high. if you dont like it sell it yourself and try to make a few xtra hundred bucks. salesmen brag about dumbass people who they rip off all the time. i know because i sold cars for ten years. i made over 80 grand every year. i know my sales manager made over 125000.
Let me guess.....someone offered you a job working 25 hours a week in a climate controlled office making 250,000 and you couldn't pass it up so you left the car business? If you were making that kinda jack you would still be there dipwad!

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