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Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: LiveLean on November 26, 2019, 04:33:34 PM

Title: Got a Lecture from Car Dealer Finance Guy
Post by: LiveLean on November 26, 2019, 04:33:34 PM
Bought a new Toyota RAV4 today. Paid cash. Ecstatic that I got $4,700 in trade for a dying minivan with 120K miles.

Stroked a check for $18,800. We tend to keep cars 8-9 years or until they drop. Given our net worth - close to FIRE - this is a modest purchase. Unfortunately, even when you pay cash you have to sign all of the paperwork with the finance guy, who shook his head when I handed over the check. "Man, you really should lease," he said.

"Why's that?" I asked.

(DW sensing tone in my voice: "Let it go, honey.")

Finance Guy: "You're losing out on all of that interest."

Me: "We keep cars 8-9 years. You lease you pay a ridiculous premium for three years. It's the most expensive way to have a car."

Finance Guy: "Yeah, but I get a new car every three years."

Me: "How much would you say you've spent on cars in the last decade?"

Finance Guy (doing some calculations): $58,000 in the last eight years. (Works for Toyota, drives a Lexus).

Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."

Finance Guy: "Man, you got to live a little. Can't take it with you." (Quite a salesman for Toyota, don't you think?)

Me: "You might want to listen to some Dave Ramsey."

Finance Guy: (pointing to cell phone) "Oh, I listen to him all the time. He's a big fan of leasing cars."

Me: "I think you got the wrong guy."

Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Glenstache on November 26, 2019, 04:54:19 PM
He did his math on how much he spent over the last 8 years wrong, that's for sure...
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: MilesTeg on November 26, 2019, 05:12:50 PM
Bought a new Toyota RAV4 today. Paid cash. Ecstatic that I got $4,700 in trade for a dying minivan with 120K miles.

Stroked a check for $18,800. We tend to keep cars 8-9 years or until they drop. Given our net worth - close to FIRE - this is a modest purchase. Unfortunately, even when you pay cash you have to sign all of the paperwork with the finance guy, who shook his head when I handed over the check. "Man, you really should lease," he said.

"Why's that?" I asked.

(DW sensing tone in my voice: "Let it go, honey.")

Finance Guy: "You're losing out on all of that interest."

Me: "We keep cars 8-9 years. You lease you pay a ridiculous premium for three years. It's the most expensive way to have a car."

Finance Guy: "Yeah, but I get a new car every three years."

Me: "How much would you say you've spent on cars in the last decade?"

Finance Guy (doing some calculations): $58,000 in the last eight years. (Works for Toyota, drives a Lexus).

Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."

Finance Guy: "Man, you got to live a little. Can't take it with you." (Quite a salesman for Toyota, don't you think?)

Me: "You might want to listen to some Dave Ramsey."

Finance Guy: (pointing to cell phone) "Oh, I listen to him all the time. He's a big fan of leasing cars."

Me: "I think you got the wrong guy."

Leasing is generally a bad idea, but dropping cash on a purchase in today's market conditions is not necessarily the best financial move either.

Should always run the math.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: The_Big_H on November 26, 2019, 09:20:05 PM
Bought a new Toyota RAV4 today. Paid cash. Ecstatic that I got $4,700 in trade for a dying minivan with 120K miles.

Stroked a check for $18,800. We tend to keep cars 8-9 years or until they drop. Given our net worth - close to FIRE - this is a modest purchase. Unfortunately, even when you pay cash you have to sign all of the paperwork with the finance guy, who shook his head when I handed over the check. "Man, you really should lease," he said.

"Why's that?" I asked.

(DW sensing tone in my voice: "Let it go, honey.")

Finance Guy: "You're losing out on all of that interest."

Me: "We keep cars 8-9 years. You lease you pay a ridiculous premium for three years. It's the most expensive way to have a car."

Finance Guy: "Yeah, but I get a new car every three years."

Me: "How much would you say you've spent on cars in the last decade?"

Finance Guy (doing some calculations): $58,000 in the last eight years. (Works for Toyota, drives a Lexus).

Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."

Finance Guy: "Man, you got to live a little. Can't take it with you." (Quite a salesman for Toyota, don't you think?)

Me: "You might want to listen to some Dave Ramsey."

Finance Guy: (pointing to cell phone) "Oh, I listen to him all the time. He's a big fan of leasing cars."

Me: "I think you got the wrong guy."

Leasing is generally a bad idea, but dropping cash on a purchase in today's market conditions is not necessarily the best financial move either.

Should always run the math.

If hes close to FIRE id say hes making good financial moves
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Travis on November 26, 2019, 09:43:45 PM

Finance Guy: "You're losing out on all of that interest."

...

Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."

Finance Guy: "Man, you got to live a little. Can't take it with you."



Way to deflect there, Mr. Salesman. 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Gremlin on November 26, 2019, 10:12:54 PM
His job is to part you from your money.   He gets more if you lease.

As Upton Sinclair said - It is difficult to get a man to understand something when his salary depends upon his not understanding it.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: iris lily on November 27, 2019, 08:14:12 AM
We recently bought a used car for cash. Somewhere in our long rambling conversation with a car salesman, and before we talked about how we were going to pay, he made some crack about people paying cash for cars. Soon after we said hey we’re writing a check today, Ok?

He laughed at himself for his previous crack. But they did send the  “manager “ In to talk to us about the joys of financing. Maybe we wanna keep that money for a nice vacation? Finance the car instead? Ah no,I can afford to pay cash for the car AND ALSO take a nice vacation thank you very much.

Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on November 27, 2019, 09:50:42 AM
That seems high to me as well. Well, it COULD be lower if a person was motivated to. Keep your cars longer.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: JAYSLOL on November 27, 2019, 09:55:59 AM
Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."
Is there a typo in that number? $110,000 seems really high for two cars given I've only spent about $30,000-ish on two cars in a little under twenty years.

I think they mean two cars at a time over that period, meaning they spent about the same per car over 28 years that the salesman did in 10. 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: MilesTeg on November 27, 2019, 09:57:25 AM
We recently bought a used car for cash. Somewhere in our long rambling conversation with a car salesman, and before we talked about how we were going to pay, he made some crack about people paying cash for cars. Soon after we said hey we’re writing a check today, Ok?

He laughed at himself for his previous crack. But they did send the  “manager “ In to talk to us about the joys of financing. Maybe we wanna keep that money for a nice vacation? Finance the car instead? Ah no,I can afford to pay cash for the car AND ALSO take a nice vacation thank you very much.

The finance guy certainly wants you to finance so they get more money out of you and are in no way looking out for you, but that doesn't mean buying a car with cash can't be a lose-lose scenario. They lose financing income, you lose due to the opportunity cost of not using that cash in more productive ways than avoiding a loan.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Ann on November 27, 2019, 10:01:55 AM
Perhaps the OP is including maintenance and repairs as well — which is fair, because you can’t accurately compare leasing vs purchasing without adding in maintenance and repairs.  I am *not* advocating for leasing but those that lease will quickly point out that they don’t have to worry about these “unexpected*” expenses.


*I put “unexpected” in quotes because they really should be expected.  They are more “irregular” or (hopefully) “infrequent” expenses.  I absolutely expect these costs to pop up in the future and save a slush fund for the various irregular insurance premiums, registration fees, and maintenance.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: DadJokes on November 27, 2019, 10:09:25 AM
(DW sensing tone in my voice: "Let it go, honey.")

Your wife has me rolling. I think I've heard that phrase from mine a few times...
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: MilesTeg on November 27, 2019, 10:11:23 AM
Perhaps the OP is including maintenance and repairs as well — which is fair, because you can’t accurately compare leasing vs purchasing without adding in maintenance and repairs.  I am *not* advocating for leasing but those that lease will quickly point out that they don’t have to worry about these “unexpected*” expenses.


*I put “unexpected” in quotes because they really should be expected.  They are more “irregular” or (hopefully) “infrequent” expenses.  I absolutely expect these costs to pop up in the future and save a slush fund for the various irregular insurance premiums, registration fees, and maintenance that will pop up.

The maintenance and repair costs on leased vehicle are no less than a purchased vehicle. Leased vehicles don't pay scheduled maintenance (oil/etc.) and any repair work will be covered under warranty on the purchased vehicle.

Edit: I should clarify that I mean compared to purchasing/owning a new vehicle for the same term as a leased vehicle (typically 3 years)
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Ann on November 27, 2019, 10:35:19 AM
Perhaps the OP is including maintenance and repairs as well — which is fair, because you can’t accurately compare leasing vs purchasing without adding in maintenance and repairs.  I am *not* advocating for leasing but those that lease will quickly point out that they don’t have to worry about these “unexpected*” expenses.


*I put “unexpected” in quotes because they really should be expected.  They are more “irregular” or (hopefully) “infrequent” expenses.  I absolutely expect these costs to pop up in the future and save a slush fund for the various irregular insurance premiums, registration fees, and maintenance that will pop up.

The maintenance and repair costs on leased vehicle are no less than a purchased vehicle. Leased vehicles don't pay scheduled maintenance (oil/etc.) and any repair work will be covered under warranty on the purchased vehicle.

Edit: I should clarify that I mean compared to purchasing/owning a new vehicle for the same term as a leased vehicle (typically 3 years)

Ah, thank you for the edit.  I was about to add that my post was assuming one would  keep a vehicle long after the warranty runs out (and not purchasing an extended warranty).
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Goldielocks on November 27, 2019, 12:47:49 PM
I bought a new to me used car last week.

Because I agreed to finance, I got a reduction in price and they agreed to detail the car I am selling. (We walked away from a deal over $1000 difference four days before we came back to renegotiate, so I know we got the best price possible right now).

The finance deal is strange.
$0 Down
7.8% financing rate, over 60 months.  No penalty if we pre-pay.
First payment due in 30 days.  Can pay off the remainder the day after.
If we keep the loan in place for 8 months, they give us $300 to cover the interest. 

BUT, the interest on 8 payments is only about $170 if we pay down almost all of it after 1 month.

So we make another $130 net and I pay interest on a modest sum for 8 months at a high rate.

AND they get a bonus for financing it of about $1000 from the finance company.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: joleran on November 27, 2019, 03:07:59 PM
I bought a new to me used car last week.

Because I agreed to finance, I got a reduction in price and they agreed to detail the car I am selling. (We walked away from a deal over $1000 difference four days before we came back to renegotiate, so I know we got the best price possible right now).

The finance deal is strange.
$0 Down
7.8% financing rate, over 60 months.  No penalty if we pre-pay.
First payment due in 30 days.  Can pay off the remainder the day after.
If we keep the loan in place for 8 months, they give us $300 to cover the interest. 

BUT, the interest on 8 payments is only about $170 if we pay down almost all of it after 1 month.

So we make another $130 net and I pay interest on a modest sum for 8 months at a high rate.

AND they get a bonus for financing it of about $1000 from the finance company.

edit: nevermind, I see what you're saying, but you'd need to only pay it off so your first 8 payments would just barely cover the 8 payments or you'd end up paying it off earlier.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: MoneyQuirk on December 02, 2019, 02:31:34 PM
"You gotta live a little" - Snooty Car Financial Guy

I'm living just fine without having my money stolen, thank you very much.

I'd argue I might just be living a little more than you, because I have time to do things.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: firstmatedavy on December 04, 2019, 11:59:42 AM
Reminds me of the time my husband was considering trading in his car for a newer used car, because his cousin the mechanic said it would need an expensive repair soon. We were looking at a Subaru of some kind (it was a while ago), and they sat us down with someone to talk about financing even though we were very much not sold on it - the car was more expensive than we'd expected and they didn't offer us much for trade in.

At some point I said we didn't want to take on debt for something that would just depreciate like the last car did (low trade in value), and the guy decided it was time for a hard sell and went on this rant about how we want a good car, we want a car that holds value, we need a SUBARU! Yeah... Sorry buddy, all cars depreciate.

Luckily, it turned out my cousin in law's idea of an expensive repair wasn't all that bad. We got the old car fixed and it still runs fine.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: mtn on December 04, 2019, 01:06:12 PM
They're just trying to make a sale. They're not personal finance professionals.

We recently bought a brand new Kia. Most money I've ever spent on anything that wasn't a hospital bill or a house, first new car I've ever had, and a huge change for us as our prior 5 cars were an average of 14 years old at the time of purchase and an average of $1800. So the $30k minivan was a big deal. We had been pre-approved by our credit union, and I told them the rate. They said they could match it, so I said, sure. Our rate at the CU was 2.74%. Salesman comes back and says "well, we did it! 3.84%". I said, "Ok, well, that is off by quite a bit - give me a second to do the math".... About 2 minutes later, I said "ok, this is going to be a difference of about $940 over the course of the loan - we're reducing the sale price by that much, right?"

Next day I paid that loan off in full with the credit union loan. Worked out pretty well for me.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: MrDelane on December 04, 2019, 04:10:28 PM
They're just trying to make a sale. They're not personal finance professionals.

We recently bought a brand new Kia. Most money I've ever spent on anything that wasn't a hospital bill or a house, first new car I've ever had, and a huge change for us as our prior 5 cars were an average of 14 years old at the time of purchase and an average of $1800. So the $30k minivan was a big deal. We had been pre-approved by our credit union, and I told them the rate. They said they could match it, so I said, sure. Our rate at the CU was 2.74%. Salesman comes back and says "well, we did it! 3.84%". I said, "Ok, well, that is off by quite a bit - give me a second to do the math".... About 2 minutes later, I said "ok, this is going to be a difference of about $940 over the course of the loan - we're reducing the sale price by that much, right?"

Next day I paid that loan off in full with the credit union loan. Worked out pretty well for me.

Hahahah.  Brilliant.
This is fantastic, well done.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: martyconlonontherun on December 04, 2019, 04:24:24 PM
My random car story. Had my mind set on a 1-year old malibu. They are a pretty much a commodity. Made it clear I only cared about the bottom line. Monthly payment made no difference to me and preferred the 36mths 1.9% special offer ($430/mth). I stated what price i would be good at he said that probably wouldn't work. We went back and forth 4x and the guy got within $75 of my original number, each time coming down but shuffling ("we took off the charged for certification"). If they would've just started at that I would've been fine.

Then i asked if they charged for using a credit card for a down payment. After they said no, I asked what's the most I could put on it (so I could hit minimum spend on the card). I'm pretty sure he had no clue on how I did my math and just assumed I couldn't afford the car or something and that is why I tried putting 3k on the card.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: dogboyslim on December 05, 2019, 07:56:50 AM
I bought a new to me used car last week.

Because I agreed to finance, I got a reduction in price and they agreed to detail the car I am selling. (We walked away from a deal over $1000 difference four days before we came back to renegotiate, so I know we got the best price possible right now).

The finance deal is strange.
$0 Down
7.8% financing rate, over 60 months.  No penalty if we pre-pay.
First payment due in 30 days.  Can pay off the remainder the day after.
If we keep the loan in place for 8 months, they give us $300 to cover the interest. 

BUT, the interest on 8 payments is only about $170 if we pay down almost all of it after 1 month.

So we make another $130 net and I pay interest on a modest sum for 8 months at a high rate.

AND they get a bonus for financing it of about $1000 from the finance company.

I did this.  Had to keep the loan for 3 payments.  As soon as the loan originated, I paid a principal payment down to the level that the 3rd payment was a payoff.  Total interest was MUCH less than the amount I got off for the purchase.  Got a call 4 months later from the finance guy from the dealership asking what I did.  Apparently they didn't get the kickback they expected and were pissed.  I said I paid 3 payments, at which time the loan was paid off, just like you said I had to, agreed to show him the loan transactions to prove it.  He then said, so then why was the finance charge so low?  I explained exactly what I did, how it was allowed in the terms, and then he said "<F--->, I should have just let you pay cash."
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: DadJokes on December 05, 2019, 08:11:27 AM
I bought a new to me used car last week.

Because I agreed to finance, I got a reduction in price and they agreed to detail the car I am selling. (We walked away from a deal over $1000 difference four days before we came back to renegotiate, so I know we got the best price possible right now).

The finance deal is strange.
$0 Down
7.8% financing rate, over 60 months.  No penalty if we pre-pay.
First payment due in 30 days.  Can pay off the remainder the day after.
If we keep the loan in place for 8 months, they give us $300 to cover the interest. 

BUT, the interest on 8 payments is only about $170 if we pay down almost all of it after 1 month.

So we make another $130 net and I pay interest on a modest sum for 8 months at a high rate.

AND they get a bonus for financing it of about $1000 from the finance company.

I did this.  Had to keep the loan for 3 payments.  As soon as the loan originated, I paid a principal payment down to the level that the 3rd payment was a payoff.  Total interest was MUCH less than the amount I got off for the purchase.  Got a call 4 months later from the finance guy from the dealership asking what I did.  Apparently they didn't get the kickback they expected and were pissed.  I said I paid 3 payments, at which time the loan was paid off, just like you said I had to, agreed to show him the loan transactions to prove it.  He then said, so then why was the finance charge so low?  I explained exactly what I did, how it was allowed in the terms, and then he said "<F--->, I should have just let you pay cash."

It warms my heart to hear a dealership finance guy upset that someone outsmarted the system.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on December 05, 2019, 04:57:54 PM
 I just don't have the patience for the finance guys anymore. After going 'round and 'round with a couple years ago I default to credit union financing regardless.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dave1442397 on December 05, 2019, 05:05:29 PM
I just don't have the patience for the finance guys anymore. After going 'round and 'round with a couple years ago I default to credit union financing regardless.

Same here. I have a 3.49% loan on a used car right now. When I told the finance guy my rate, he said the lowest he could do was 3.99%. I said "Well, that's higher than what I got from PenFed, so I guess I'll be going with their financing", and that was that. He passed me off to a hottie who tried to seduce me into buying extended warranties, which I also resisted. I'll have the car two years this month, and of course nothing has gone wrong with it.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Glenstache on December 05, 2019, 05:25:29 PM
Bought a new car a few months ago. I went new because the used versions of the vehicle I wanted were so close to new cost that it did not make sense to buy used (which was surprising). I researched actual sales numbers and shot to get the upper end of the curve. It was pretty simple. I went to the dealership, saw the car, made it clear that I had done my research and was willing to walk away. I told them the inclusive price I would need out the door to sign that evening. I went in mentally prepared to walk away over any price over my threshold and that it would take a few hours to go the process. I was respectful to the sales person (who was not a sleaze, actually a decent person as far as i could tell). The process of back and forth took about 3 hours from walking into dealership to driving away, paid in cash.

I had earlier had a few interactions with other dealerships which ran the gamut of sleaze (hiding major mechanical issues, etc) to easy. I walked away from one deal because they remained just a couple hundred dollars above my threshold. Such is life.

I truly feel bad for people with poor financial literacy trying to go through the process. It is a large sum of money for many people, and the losses of $$ to finance schemes, "just live a little" arguments, etc is a big setback to a lot of people over the long term. A lot of the sales are heavily influenced by emotion either by desire, confusion, being worn down, such that it takes even more than just knowing how to do the numbers to really make the right decision. This goes for buying houses, etc too. Those lessons are tough to learn on your own.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Miss Piggy on December 05, 2019, 09:02:46 PM
Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."
Is there a typo in that number? $110,000 seems really high for two cars given I've only spent about $30,000-ish on two cars in a little under twenty years.

This doesn't make sense to me, either. What am I missing?
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: slugline on December 06, 2019, 08:57:33 AM
Me: "See,wife and I here have spent $110,000 on TWO cars over the last 28 years, $129K if we count this Rav4. We've made a lot of "interest" on that money I didn't spend on cars."
Is there a typo in that number? $110,000 seems really high for two cars given I've only spent about $30,000-ish on two cars in a little under twenty years.

This doesn't make sense to me, either. What am I missing?

Could we be going all-in on the cost of driving -- the cars themselves, gas, maintenance, parking,  tolls, insurance? The average American might go into cardiac arrest if they saw that total over the course of decades.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: ketchup on December 06, 2019, 09:32:58 AM
Man, I'm glad I've never bought a car from a dealer.  Awful.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: joleran on December 06, 2019, 11:06:57 AM
Man, I'm glad I've never bought a car from a dealer.  Awful.

I can't believe how badly I mishandled the first dealing I had with one.  Spent literally 8 hours with them and still probably overpaid by a good $2k on a $14k car.  Fool me once...
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: FINate on December 06, 2019, 11:34:11 AM
Short of physical torture, it's difficult to imagine a customer experience more painful than the dealership. I'm actually quite thankful for it -- whenever I'm tempted to replace one of my old paid-off vehicles I contemplate the ordeal involved and sanity is quickly restored.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on December 12, 2019, 07:45:56 AM
Short of physical torture, it's difficult to imagine a customer experience more painful than the dealership. I'm actually quite thankful for it -- whenever I'm tempted to replace one of my old paid-off vehicles I contemplate the ordeal involved and sanity is quickly restored.

That is one of the nice things about keeping cars for a long time. Not having to car shop.

I've got a Camry with 133K miles on it. Hopefully I'll be good for a while.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Uturn on December 12, 2019, 09:42:14 AM
I bought a car from Carvana last month.  My previous car was having problems with the CVT, and I just really didn't like the car.  So I searched for what I wanted and Carvana had one.  I compared the price to others and it was a good price.  Put in my VIN on the Carvana site, they came back with a few questions and asked for specific pictures, the next day got an offer.  I checked it against various sites and it was a fair trade offer.  All up sales, warranties and such, were check boxes.  I chose cash option.  They called and we had a three way conversation with the bank to verify that my account had at least $X.

Scheduled an appointment at the Carvana building for a few days later.  Showed up, took about an hour to test drive and paperwork, and done.  Best car buying experience ever!
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on December 12, 2019, 12:49:15 PM
Your Carvana experience is similar to our CarMax experience - and good prices.

I hope their business model at least pushes the traditional dealerships to quit the games. I won't ever go back to a traditional dealer at this point. We keep our cars a long, long time.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: partgypsy on December 12, 2019, 12:58:19 PM
I also had a positive carvana experience. They offered I think 2.7% financing over 4 years (I was separating from spouse, had very little cash) and the price was fair from everything I researched, and the car was still under warranty for the first year as well.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on December 13, 2019, 11:44:29 AM
We did our financing with our credit union, didn't even give CarMax a chance and they didn't blink an eye.

With a traditional dealer experience, everything can change once self-financing or cash is revealed.

"Well then, we'll need to re-negotiate everything then" (b/c of creative math on their part to maximize profit and minimize customer awareness of the real price tag). 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Telecaster on December 13, 2019, 12:11:18 PM
Short of physical torture, it's difficult to imagine a customer experience more painful than the dealership. I'm actually quite thankful for it -- whenever I'm tempted to replace one of my old paid-off vehicles I contemplate the ordeal involved and sanity is quickly restored.

Weird isn't it?  In most industries, they strive for a good customer experience.  Buying a car is like paying to get waterboarded.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Pizzabrewer on December 13, 2019, 01:29:14 PM
Hmm. Y’all got me thinking here. My Subaru just died and I have my eye on a used car at a dealership in the $8k price range. I was planning to pay cash.

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Telecaster on December 13, 2019, 02:29:34 PM
Hmm. Y’all got me thinking here. My Subaru just died and I have my eye on a used car at a dealership in the $8k price range. I was planning to pay cash.

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.

Maybe.  IMO, you already want to negotiate the sales price first.  Then if they want to negotiate on financing, great.  You are in a good position because you don't have to accept their financing.  Keep in mind car dealers are very skilled in not telling you the price.  You must keep steering the conversation back to price.   It is a very draining experience. 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: AerynLee on December 13, 2019, 02:45:05 PM
Hmm. Y’all got me thinking here. My Subaru just died and I have my eye on a used car at a dealership in the $8k price range. I was planning to pay cash.

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.

Maybe.  IMO, you already want to negotiate the sales price first.  Then if they want to negotiate on financing, great.  You are in a good position because you don't have to accept their financing.  Keep in mind car dealers are very skilled in not telling you the price.  You must keep steering the conversation back to price.   It is a very draining experience.
A few years ago I was buying a 3 year old car at a dealership and had no problems negotiating on price (vs payments). When the salesman finally came down to my number it was on the condition that I financed through them, but the interest rate would be a max of 3.5%. I think there was some stipulation that I needed to make a certain number of payments but I didn't have the cash at the to just pay it off anyway

An accidental trick I learned from that one was to buy the warranty if they'll discount your rate, then cancel it immediately.
They offered me a rate discount to buy the warranty saying the rate discount would make it not cost me anything. I ended up with a 1.6% interest rate but when I ran the numbers the next day I was actually coming out way behind, so I called to complain and was told that I had 60 days to cancel the warranty for a full refund and they couldn't change my rate so I kept the discounted one.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: TooMuchGlass on December 13, 2019, 07:25:28 PM

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.

I'm on the same page as Pizzabrewer.

The general strategy is to not even introduce cash as a possibility, but just let them think I'm gonna finance, then once we agree on a price sit down with the finance dude and start handing over Benjamins? Like "what, no dude I'm not financing this." Can that be right?
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Glenstache on December 14, 2019, 11:20:48 AM
An alternate approach is to do it all by email. Get the “internet price quote” from a few dealers, do your research on actual sales statistics, and then haggle online by email until you get the deal you want.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: JAYSLOL on December 14, 2019, 05:33:26 PM
I just don't have the patience for the finance guys anymore. After going 'round and 'round with a couple years ago I default to credit union financing regardless.

Same here. I have a 3.49% loan on a used car right now. When I told the finance guy my rate, he said the lowest he could do was 3.99%. I said "Well, that's higher than what I got from PenFed, so I guess I'll be going with their financing", and that was that. He passed me off to a hottie who tried to seduce me into buying extended warranties, which I also resisted. I'll have the car two years this month, and of course nothing has gone wrong with it.

Haha, classic car dealership move.  I got exactly the same thing when I bought a car at the dealer, it was a used Hyundai, just out of the warranty period, they tried to get me to do their financing (5.99%), but I paid cash instead.  Then they did the exact same thing passing me off to the cute gal that did extended warranty up sells, must have thought I wasn’t too bright because they originally offered me 3 years but it was something crazy like $4k.  Screw that, I’m not going to blow 2 engines in the course of 3 years.  Then she offered more and more discounts until she had basically cut the price in half, I still wouldn’t budge so she got the sales guy that sold me the car to help pour on the pressure which still didn’t work. 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Pizzabrewer on December 14, 2019, 06:45:54 PM
I've bought a car from a dealership 3 times in my life.  The first was a new Acura Integra in about 1987.  I tried to resist all the sales bullshit, walked out a couple times during negotiations (my wife said she'd never accompany me to a dealership again, and she hasn't), but I still fell victim to their price and financing games.  It was a great little car though.

The second time was a new Subaru in about 1995.  This time I went in armed with a printout of the all the dealer's costs on the car as equipped.  There was a service in those pre-internet days where you could order this info.  The salesperson immediately dropped the act and gave me a decent price.  Minimal bullshit as I told them upfront that any efforts to sell me extras (warranties, fabric protection, extra rustproofing, etc) and I'd walk away.

The third time was a used Subaru about 8 years ago (this is the car that just died).  Same kind of thing, I did my research, told them I'm paying cash and here's what I'm willing to pay.  The negotiations were mercifully short.  The only wrinkle was the $500 I put on the cc to hold the car for a couple days, they REALLY wanted me to use to buy a warranty.  It took about a half dozen firm "NOs" before they gave up and applied it to the purchase price.

So I have a similar attitude this time.  For a $7000 to $8000 car it's not worth it to spend several hours fighting their bullshit.  I had planned to go in with a "cash only, here's what I'll pay" approach.  But if I can game the financing deal to save a few $100 by paying off a loan at 3 months, heck yeah. 



Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Joel on December 14, 2019, 09:27:38 PM
An alternate approach is to do it all by email. Get the “internet price quote” from a few dealers, do your research on actual sales statistics, and then haggle online by email until you get the deal you want.

This is 100% how to do it. I test drove the car I wanted and when they tried selling it to me, I gave them a ridiculously low offer to shut down any back and forth. Then I emailed all of the dealers within an hour. After some emails back and forth, I was a few thousand under msrp for my Honda. Drove to the dealership and was in/out in less than an hour. Pretty much the time it took for paperwork and that was it. I’ll never purchase a car from a dealership a different way.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on December 16, 2019, 07:50:30 AM
The whole traditional car dealership experience just sucks. I guess it would be far more enjoyable if we just went in and paid the $5K upcharge and bought the warranty/etched glass/undercoating/ceramic paint coatings.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dave1442397 on December 16, 2019, 09:57:25 AM
The whole traditional car dealership experience just sucks. I guess it would be far more enjoyable if we just went in and paid the $5K upcharge and bought the warranty/etched glass/undercoating/ceramic paint coatings.

I'm sure they still get some of those people. I remember having a car conversation with a friend, and his girlfriend piped up and said "You mean you don't have to pay the price they put on the window sticker?". At least she had purchased a Civic, so she didn't take too much of a hit.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: jinga nation on December 16, 2019, 10:32:32 AM
Hmm. Y’all got me thinking here. My Subaru just died and I have my eye on a used car at a dealership in the $8k price range. I was planning to pay cash.

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.

Yes.

1. Negotiate final price with sales person if in store (don't fall for 4 square BS). Don't talk financing, if salesperson assumes financing, go with the flow and say yeah yeah whatevs. At the same time, gather 3rd party financing with your credit union/bank.
1b. Better to use the internet sales team and communicate via email. You get a written quote.
2. Negotiate financing with finance person using dealer's financing. Use the 3rd party financing to match. Or throw in the C@$H 1$ K1NG joker card when it's time to pay. This is where you leverage/arbitrage. Sometimes easier to take the finance option, let dealer get their commision (ask them to slit some of that sweet kickback with you). Ensure there's no early prepayment penalty. Then pay off the loan on the next business day.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Pizzabrewer on December 16, 2019, 11:18:08 AM
Hmm. Y’all got me thinking here. My Subaru just died and I have my eye on a used car at a dealership in the $8k price range. I was planning to pay cash.

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.

Yes.

1. Negotiate final price with sales person if in store (don't fall for 4 square BS). Don't talk financing, if salesperson assumes financing, go with the flow and say yeah yeah whatevs. At the same time, gather 3rd party financing with your credit union/bank.  As I have no interest in financing, I suppose I could just lie and say my credit union approved me at, what 3.99%?
1b. Better to use the internet sales team and communicate via email. You get a written quote.I submitted the request, haven't heard back yet.  Interesting thing, according to the free Carfax they have on their website, they've been trying to sell this car since July.
2. Negotiate financing with finance person using dealer's financing. Use the 3rd party financing to match. Or throw in the C@$H 1$ K1NG joker card when it's time to pay. This is where you leverage/arbitrage. Sometimes easier to take the finance option, let dealer get their commision (ask them to slit some of that sweet kickback with you). Ensure there's no early prepayment penalty. Then pay off the loan on the next business day.Sounds good, thanks.  Worst case I just pay the cash.  I'll try to game the system if it looks promising.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: jinga nation on December 16, 2019, 03:14:23 PM
Hmm. Y’all got me thinking here. My Subaru just died and I have my eye on a used car at a dealership in the $8k price range. I was planning to pay cash.

Are you saying that after negotiating a price, the finance person will drop the price lower if you agree to their financing?  That seems to be what MrDelane, Goldilocks and dogboyslim are saying.

Yes.

1. Negotiate final price with sales person if in store (don't fall for 4 square BS). Don't talk financing, if salesperson assumes financing, go with the flow and say yeah yeah whatevs. At the same time, gather 3rd party financing with your credit union/bank.  As I have no interest in financing, I suppose I could just lie and say my credit union approved me at, what 3.99%?
1b. Better to use the internet sales team and communicate via email. You get a written quote.I submitted the request, haven't heard back yet.  Interesting thing, according to the free Carfax they have on their website, they've been trying to sell this car since July.
2. Negotiate financing with finance person using dealer's financing. Use the 3rd party financing to match. Or throw in the C@$H 1$ K1NG joker card when it's time to pay. This is where you leverage/arbitrage. Sometimes easier to take the finance option, let dealer get their commision (ask them to slit some of that sweet kickback with you). Ensure there's no early prepayment penalty. Then pay off the loan on the next business day.Sounds good, thanks.  Worst case I just pay the cash.  I'll try to game the system if it looks promising.

Forgot to mention. Use cargurus.com using your desktop/laptop, not your mobile. The listing shows how long the vehicle has been listed, price history, etc.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Pizzabrewer on December 17, 2019, 12:33:17 PM
Well thank you @jinga nation.  I did the "internet inquiry" and they quoted a price that is substantially lower than what I was planning to offer.  The almost $8k car is now under $6k.  The salesperson's comment was:  "this car has been here a while and needs to go".  I almost can't lose on this deal, unless the Carfax and photos are lying/hiding a big problem.

Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Chris Pascale on December 17, 2019, 09:45:22 PM


Me: "You might want to listen to some Dave Ramsey."

Finance Guy: (pointing to cell phone) "Oh, I listen to him all the time. He's a big fan of leasing cars."

Me: "I think you got the wrong guy."

I bet Ramsey would love to plug that dealership.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on December 19, 2019, 09:42:25 AM
I don't do a lot of the Dave Ramsey stuff.

But I've found that dropping his name ends a lot of conversations where people are trying to sell me something.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Chris Pascale on January 04, 2020, 12:18:12 AM
I don't do a lot of the Dave Ramsey stuff.

But I've found that dropping his name ends a lot of conversations where people are trying to sell me something.

Timeshare salesman said that buying from him was like the Dave Ramsey plan for vacationing.

Which is true if words don't have meanings.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Reynold on March 11, 2020, 04:08:45 PM
Sometimes there can be surprises on the financing even if you read the terms and conditions, 2 cars ago they offered us another $500 off if we got their financing, no minimum # of payments needed.  We took it, planning to pay it off in cash that week, but;

1. It turned out it took well over a month for them to generate the loan stuff, so we had to pay almost 2 months interest on it, and
2. We had to pay the state title fee a second time to get another title that didn't have the bank on it as lien holder.

We still ended up saving about $200 out of the $500 we'd expected, but it was barely worth it for all the extra hassle. 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Missy B on May 19, 2020, 01:29:03 AM
A few years ago I was on a forum that was basically all women talking about dating. A small minority of those women were very interested in how to determine what a man might be earning, and a couple of the posters quite smugly said that they could tell exactly by what he was wearing and what he drove.

I pointed out that if finances were a priority, what they really needed to know was net worth, not salary. And I reminded them that if you're sitting in it, or it's on his wrist, it isn't in his bank account. I thought that they were probably dating guys who believed that you should spend a year's salary on a car, and would be on the bread line in two months if their brokerage firm got bought out.

I knew some very wealthy people who had made their own money, and they didn't flash it. The men had nice watches and usually drove a very nice car, but the thing that stood out to me was their quiet confidence.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on May 19, 2020, 06:27:46 AM
My FiL literally bought a new car the weekend before the lockdown. It's sat in his garage, he's perhaps driven one tank of gas worth in the ten weeks he's owned it. I think about all my buddies who lease, who have to keep making these payments for a car they're not even needing to drive.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dave1442397 on May 19, 2020, 10:07:57 AM
My FiL literally bought a new car the weekend before the lockdown. It's sat in his garage, he's perhaps driven one tank of gas worth in the ten weeks he's owned it. I think about all my buddies who lease, who have to keep making these payments for a car they're not even needing to drive.

Crazy, right? I put 6 miles on my car in April, and 6 miles so far this month. Only 650 miles this year so far.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Bloop Bloop on May 19, 2020, 07:48:45 PM
A few years ago I was on a forum that was basically all women talking about dating. A small minority of those women were very interested in how to determine what a man might be earning, and a couple of the posters quite smugly said that they could tell exactly by what he was wearing and what he drove.

I pointed out that if finances were a priority, what they really needed to know was net worth, not salary. And I reminded them that if you're sitting in it, or it's on his wrist, it isn't in his bank account. I thought that they were probably dating guys who believed that you should spend a year's salary on a car, and would be on the bread line in two months if their brokerage firm got bought out.

I knew some very wealthy people who had made their own money, and they didn't flash it. The men had nice watches and usually drove a very nice car, but the thing that stood out to me was their quiet confidence.

More to the point, you can't infer salary from possessions either. Anyone on a middling salary can live a high life by going into debt or neglecting investments.

Girls I date never see my car till we are in an exclusive relationship. I make an excuse to never drive for the first handful (or more) of dates. I don't want them judging me or trying to infer anything about my financial position.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Glenstache on May 19, 2020, 09:36:50 PM
I always figured that anyone who would judge me for my car was probably not a good fit for a relationship and the self filtering there was probably a win for both parties.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on May 19, 2020, 11:25:52 PM
I always figured that anyone who would judge me for my car was probably not a good fit for a relationship and the self filtering there was probably a win for both parties.
When you swing by to pick up your date on your mountain bike and she like it then you'll know you found a keeper  :). I use to have an very old (but nice-ish) ford ranger truck and it was very funny to see men I was newly dating react to it - especially here in fancy image conscious SoCal and especially if dressed up. It was the fastest weeding out process ever!
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: UnleashHell on May 20, 2020, 05:51:29 AM
I totally judged my other half on her car that she turned up in for our first date.
It was a 15 yo toyota!
she still has it.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on May 20, 2020, 06:30:48 AM
My wife upgraded from a Ford Focus to a Subaru, and suddenly she seemed really attractive.

I miss that Subaru, sold it to a neighbor after we'd been married six years.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Sugaree on May 20, 2020, 07:51:50 AM
There's a music video on YouTube called "No Car Note" that kind of touches on the dating/car thing.  It's pretty good.  Same guy has another song out about finally paying Sallie Mae back. 


As far as car shopping goes, I loathe everything about it.  From the sleazy dealers that list their cars with every single possible discount so the price listed is one that nobody is ever going to qualify for.  To the salespeople who don't seem to understand that when I call up and tell you I want a specific car with specific features that I'm not going to settle for "just as good as" because that's what's been sitting on your lot.  My MO is to buy exactly what I want and drive it for 10 or 15 years.

I have to say that my most recent purchase at CarMax wasn't too bad.  The salesman knew from the get-go that I'd be dealing with an insurance payout so he didn't even mention financing.  He knew that I would be replacing my car with one damn near just like it that I was having delivered to the closest dealership so he wasn't trying to sell me anything else on that was currently on their lot.  I might have paid a little too much (according to the dude at my local dealership while I was there having a recall taken care of...too bad his response to my inquiry was more or less "good luck finding that unicorn"), but I'm satisfied that I got exactly what I wanted, with 60k fewer miles than my old one for just a bit more than what the insurance paid out on it. 
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on June 10, 2020, 12:24:17 PM
Sugaree - what you said... That's our SOP too.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: ixtap on June 10, 2020, 12:35:06 PM
Sugaree - what you said... That's our SOP too.

+1

Why do you still drive that thing?

I bought it because I liked it, it still runs well and I HATE car shopping!
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on June 10, 2020, 01:18:16 PM
Yes we still drive our old cars a long time. Not expensive to maintain DIY style.

One will become our teenager's first car. Teen can take care of it and make it last until they can afford something better or they can ruin it and be carless. Its not worth anything much on the used market but its reliable and safe and looks okay.

We have one nice car, several cars worth very little. My goal this year is to thin the herd a little.

We went the CarMax route too for precisely the reasons you listed. Absolutely hate the dealer process. Have experienced all the lies and games at one time or another.

CarMax had a spotless vehicle for a good price (between NADA and KBB) and it has been utterly reliable for many years now. I have the itch for another newer car similar to what we are driving but its pointless. A wash and a wax and I'm satisfied again. I'll ignore for a few more years the character marks it has gained from bicycles stored too close to the paint and the mark on the back from our eldest not paying attention.

I hate payments as much as the dealer experience.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on June 11, 2020, 07:17:59 AM
What time horizon is reasonable for "teenager's first car"? My older child turned eight in January, and I have a Camry with 136,000 miles. Under BAU (pre-'Rona), I was averaging 1,000 mi/month. So it'd be around 220,000 miles by the time she's learning to drive. I guess buying a used Toyota with about that many miles is what would be optimal for a teenage driver. So maybe I should just let it ride?
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Sugaree on June 11, 2020, 07:49:55 AM
My kid turns 7 next week.  Ideally, he'll get the one I'm driving now (7 years old, but only 36k miles), and I'll get something new.  Otherwise, he might end up driving a '69 VW campervan.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: By the River on June 11, 2020, 08:30:23 AM
My kid turns 7 next week.  Ideally, he'll get the one I'm driving now (7 years old, but only 36k miles), and I'll get something new.  Otherwise, he might end up driving a '69 VW campervan.
He could be driving a 60 year old campervan?   That (to me) would be awesome!
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: zolotiyeruki on June 18, 2020, 01:28:10 PM
What time horizon is reasonable for "teenager's first car"? My older child turned eight in January, and I have a Camry with 136,000 miles. Under BAU (pre-'Rona), I was averaging 1,000 mi/month. So it'd be around 220,000 miles by the time she's learning to drive. I guess buying a used Toyota with about that many miles is what would be optimal for a teenage driver. So maybe I should just let it ride?
That's a great question, and it's one I've thought about a lot myself.  The conclusion I came to is this:  The used car market is very liquid and very large, and when your kid gets old enough to drive, you'll be able to find exactly the car you want to get for his/her use.  In other words, you don't need to think now about what kind of car your kid will drive eight years from now, and there's no need to "save" a particular car so that they can drive it
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Uturn on June 19, 2020, 05:48:32 AM
Otherwise, he might end up driving a '69 VW campervan.

When I was 17, I had a date but my car was broken down, so I had to borrow my mom's van.  I showed up at my date's house and knocked on the the door.  Her dad answered, looked at the van in the driveway, and chuckled "It's not going to happen, kid."
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: iris lily on June 19, 2020, 06:23:03 AM
I always figured that anyone who would judge me for my car was probably not a good fit for a relationship and the self filtering there was probably a win for both parties.
When you swing by to pick up your date on your mountain bike and she like it then you'll know you found a keeper  :). I use to have an very old (but nice-ish) ford ranger truck and it was very funny to see men I was newly dating react to it - especially here in fancy image conscious SoCal and especially if dressed up. It was the fastest weeding out process ever!

In recent years they stopped making the Ford Ranger, although they’ve started up again with a bigger fancier version. Anyway —

DH had a little Ford ranger that was a few years old and rather than being dissed, people would come up to him and want to buy it. Because the small trucks are very useful and popular around here.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on June 19, 2020, 07:36:11 AM
Otherwise, he might end up driving a '69 VW campervan.

When I was 17, I had a date but my car was broken down, so I had to borrow my mom's van.  I showed up at my date's house and knocked on the the door.  Her dad answered, looked at the van in the driveway, and chuckled "It's not going to happen, kid."

At first I thought dad was implying you were somehow uncool for driving your mom's car. But I realize that driving a van could also mean you're some kind of sex pervert who takes advantage of the extra space in the back.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: DadJokes on June 19, 2020, 08:10:23 AM
Otherwise, he might end up driving a '69 VW campervan.

When I was 17, I had a date but my car was broken down, so I had to borrow my mom's van.  I showed up at my date's house and knocked on the the door.  Her dad answered, looked at the van in the driveway, and chuckled "It's not going to happen, kid."

At first I thought dad was implying you were somehow uncool for driving your mom's car. But I realize that driving a van could also mean you're some kind of sex pervert who takes advantage of the extra space in the back.

https://www.youtube.com/watch?v=9jOT4kdO50Q
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: zolotiyeruki on June 19, 2020, 11:35:01 AM
DH had a little Ford ranger that was a few years old and rather than being dissed, people would come up to him and want to buy it. Because the small trucks are very useful and popular around here.
That's the weirdest thing--I've had it happen to me as well, but with a different vehicle.  About 15 years ago, I had a '94 Civic. Over the two years I owned it, I got several unsolicited offers to buy it. As in people knocking on my door, asking if it was for sale.  I guess there's something about old beaters with a reputation for reliability.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Chris22 on June 19, 2020, 01:16:27 PM
Otherwise, he might end up driving a '69 VW campervan.

When I was 17, I had a date but my car was broken down, so I had to borrow my mom's van.  I showed up at my date's house and knocked on the the door.  Her dad answered, looked at the van in the driveway, and chuckled "It's not going to happen, kid."

At first I thought dad was implying you were somehow uncool for driving your mom's car. But I realize that driving a van could also mean you're some kind of sex pervert who takes advantage of the extra space in the back.

Does being 17, on a date, and hoping to hook up make one a “sex pervert” or just a normal 17y/o?

Asking for a friend...
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on June 19, 2020, 04:42:03 PM
Otherwise, he might end up driving a '69 VW campervan.

When I was 17, I had a date but my car was broken down, so I had to borrow my mom's van.  I showed up at my date's house and knocked on the the door.  Her dad answered, looked at the van in the driveway, and chuckled "It's not going to happen, kid."

At first I thought dad was implying you were somehow uncool for driving your mom's car. But I realize that driving a van could also mean you're some kind of sex pervert who takes advantage of the extra space in the back.

Does being 17, on a date, and hoping to hook up make one a “sex pervert” or just a normal 17y/o?

Asking for a friend...
My first "car" at 16 was an old beater Ford van I converted to a camper with a bed, curtains, etc. I got it for a very practical purpose (many toys like kayaks, surf boards, and motorcycle hauler to overnight races and desert) but boy oh boy I instantly became VERY popular with high school boys. I was pretty naive at the time and just thought they liked my van because it was a van. DOH. I did get a lot of dates though ;-).
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on June 19, 2020, 05:09:50 PM
I always figured that anyone who would judge me for my car was probably not a good fit for a relationship and the self filtering there was probably a win for both parties.
When you swing by to pick up your date on your mountain bike and she like it then you'll know you found a keeper  :). I use to have an very old (but nice-ish) ford ranger truck and it was very funny to see men I was newly dating react to it - especially here in fancy image conscious SoCal and especially if dressed up. It was the fastest weeding out process ever!

In recent years they stopped making the Ford Ranger, although they’ve started up again with a bigger fancier version. Anyway —

DH had a little Ford ranger that was a few years old and rather than being dissed, people would come up to him and want to buy it. Because the small trucks are very useful and popular around here.
Mine was a 2001 I bought in 2007. I sold it in 2017 for MORE than I bought for it!! People always left notes on it asking to buy it but it was a very practical vehicle for me in everyday. Well almost. A van ended up being better. Although now I'm the soccer mom van-type instead of the cool surfer chick in her van ;-).
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: phildonnia on June 19, 2020, 05:19:45 PM
Me: "You might want to listen to some Dave Ramsey."

Finance Guy: (pointing to cell phone) "Oh, I listen to him all the time. He's a big fan of leasing cars."

I'd be surprised if DR himself didn't feel a great disturbance in the Force from that statement.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Cassie on June 22, 2020, 06:11:22 PM
When our kids were old enough to drive we gave them the oldest one and got a newer one for ourselves.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dicey on June 24, 2020, 09:59:37 AM
My FiL literally bought a new car the weekend before the lockdown. It's sat in his garage, he's perhaps driven one tank of gas worth in the ten weeks he's owned it. I think about all my buddies who lease, who have to keep making these payments for a car they're not even needing to drive.
HaHaHa! We bought an RV in early March. We used it one night before SIP came down. It's been sitting in our driveway ever since. Oh well, as least it was used when we bought it, so it probably hasn't depreciated much. Not gonna look.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: talltexan on June 24, 2020, 01:59:41 PM
My MiL was at our house today, and FiL drove over for an unrelated project. So having that car meant he didn't have to walk 2/3 of a mile.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on June 25, 2020, 10:01:49 AM
Recently heard two very expensive RV stories.

One owner of a then new RV discovered how expensive it is to travel in a house getting 8 MPG and has parked it for several years now. Two trips total.

Now they can't use it even if they want b/c it is starting have problems serious enough that it will require a housecall or a tow truck to get it to service. Thousands of dollars they were quoted recently. If $1500 of fuel is too expensive for a long trip then a vehicle like that isn't the one to own.

Another is an expensive, large class B (?) Mercedes camper that was purchased and used once. Owner not so sure they like camping or driving such a large vehicle after all. Its parked outside.

Perhaps the second owners of these vehicles will enjoy them more.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Uturn on June 25, 2020, 11:18:03 AM
A few years ago, I was really dreaming of a towable RV.  How nice it would be to hitch up and go see things!  I was very close to buying one, but noticed I could rent the same thing.  After a week rental, so glad I did not buy.  It was a nice trip, but the dreams were better than reality.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: TheGrimSqueaker on June 25, 2020, 01:31:52 PM
A few years ago, I was really dreaming of a towable RV.  How nice it would be to hitch up and go see things!  I was very close to buying one, but noticed I could rent the same thing.  After a week rental, so glad I did not buy.  It was a nice trip, but the dreams were better than reality.

I often fantasize about selling the house and RVing off into the sunset with the Venomous Spaz Beast riding shotgun. Yet I've listened to enough people who have done that in real life to be aware that there are down sides I hadn't initially considered.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dicey on June 26, 2020, 06:35:11 PM
Recently heard two very expensive RV stories.

One owner of a then new RV discovered how expensive it is to travel in a house getting 8 MPG and has parked it for several years now. Two trips total.

Now they can't use it even if they want b/c it is starting have problems serious enough that it will require a housecall or a tow truck to get it to service. Thousands of dollars they were quoted recently. If $1500 of fuel is too expensive for a long trip then a vehicle like that isn't the one to own.

Another is an expensive, large class B (?) Mercedes camper that was purchased and used once. Owner not so sure they like camping or driving such a large vehicle after all. Its parked outside.

Perhaps the second owners of these vehicles will enjoy them more.
Remember that old saying if you have to ask the gas mileage, you probably can't afford the car?

Hahahahaha, DH and I (well, DH mostly) just bought a big class B RV. We used it exactly one night before the Shelter In Place orders took effect. Fortunately,  we bought it used. Unfortunately, the dude who sold it to us was selling it because he had the newest version of the same rig on order. It was due in July. Thanks to the pandemic, the manufacturer has notified him not to expect it before 2021.

We do plan to enjoy the shit out of it, we're just not sure exactly when.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on June 27, 2020, 01:22:10 AM
A few years ago, I was really dreaming of a towable RV.  How nice it would be to hitch up and go see things!  I was very close to buying one, but noticed I could rent the same thing.  After a week rental, so glad I did not buy.  It was a nice trip, but the dreams were better than reality.

I often fantasize about selling the house and RVing off into the sunset with the Venomous Spaz Beast riding shotgun. Yet I've listened to enough people who have done that in real life to be aware that there are down sides I hadn't initially considered.
My little full time van camping experiment with my own adorable VSB, The Barkinator,  concurs with this. Probably easier with a second human along to help out.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: UnleashHell on June 27, 2020, 04:32:48 AM
Recently heard two very expensive RV stories.

One owner of a then new RV discovered how expensive it is to travel in a house getting 8 MPG and has parked it for several years now. Two trips total.

Now they can't use it even if they want b/c it is starting have problems serious enough that it will require a housecall or a tow truck to get it to service. Thousands of dollars they were quoted recently. If $1500 of fuel is too expensive for a long trip then a vehicle like that isn't the one to own.

Another is an expensive, large class B (?) Mercedes camper that was purchased and used once. Owner not so sure they like camping or driving such a large vehicle after all. Its parked outside.

Perhaps the second owners of these vehicles will enjoy them more.
Remember that old saying if you have to ask the gas mileage, you probably can't afford the car?

Hahahahaha, DH and I (well, DH mostly) just bought a big class B RV. We used it exactly one night before the Shelter In Place orders took effect. Fortunately,  we bought it used. Unfortunately, the dude who sold it to us was selling it because he had the newest version of the same rig on order. It was due in July. Thanks to the pandemic, the manufacturer has notified him not to expect it before 2021.

We do plan to enjoy the shit out of it, we're just not sure exactly when.

hey @Dicey   you could rent your rig back to him for a tidy profit now.....
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dicey on June 27, 2020, 05:56:35 AM
Recently heard two very expensive RV stories.

One owner of a then new RV discovered how expensive it is to travel in a house getting 8 MPG and has parked it for several years now. Two trips total.

Now they can't use it even if they want b/c it is starting have problems serious enough that it will require a housecall or a tow truck to get it to service. Thousands of dollars they were quoted recently. If $1500 of fuel is too expensive for a long trip then a vehicle like that isn't the one to own.

Another is an expensive, large class B (?) Mercedes camper that was purchased and used once. Owner not so sure they like camping or driving such a large vehicle after all. Its parked outside.

Perhaps the second owners of these vehicles will enjoy them more.
Remember that old saying if you have to ask the gas mileage, you probably can't afford the car?

Hahahahaha, DH and I (well, DH mostly) just bought a big class B RV. We used it exactly one night before the Shelter In Place orders took effect. Fortunately,  we bought it used. Unfortunately, the dude who sold it to us was selling it because he had the newest version of the same rig on order. It was due in July. Thanks to the pandemic, the manufacturer has notified him not to expect it before 2021.

We do plan to enjoy the shit out of it, we're just not sure exactly when.

hey @Dicey   you could rent your rig back to him for a tidy profit now.....
Oh heavens, no! DH has spent the last few months going over it from stem to stern. The previous owner was a throw-money-at-the-problem kind of guy. DH is a figure-out-the-root-of-the-problem and fix-it-forever dude. No way would he let his new baby back into the hands of her old "oppressor". Plus, to borrow a phrase from our dear @Sailor Sam, there are stick boat units involved. Ewww!
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on June 27, 2020, 09:02:52 AM
Recently heard two very expensive RV stories.

One owner of a then new RV discovered how expensive it is to travel in a house getting 8 MPG and has parked it for several years now. Two trips total.

Now they can't use it even if they want b/c it is starting have problems serious enough that it will require a housecall or a tow truck to get it to service. Thousands of dollars they were quoted recently. If $1500 of fuel is too expensive for a long trip then a vehicle like that isn't the one to own.

Another is an expensive, large class B (?) Mercedes camper that was purchased and used once. Owner not so sure they like camping or driving such a large vehicle after all. Its parked outside.

Perhaps the second owners of these vehicles will enjoy them more.
Remember that old saying if you have to ask the gas mileage, you probably can't afford the car?

Hahahahaha, DH and I (well, DH mostly) just bought a big class B RV. We used it exactly one night before the Shelter In Place orders took effect. Fortunately,  we bought it used. Unfortunately, the dude who sold it to us was selling it because he had the newest version of the same rig on order. It was due in July. Thanks to the pandemic, the manufacturer has notified him not to expect it before 2021.

We do plan to enjoy the shit out of it, we're just not sure exactly when.

hey @Dicey   you could rent your rig back to him for a tidy profit now.....
Oh heavens, no! DH has spent the last few months going over it from stem to stern. The previous owner was a throw-money-at-the-problem kind of guy. DH is a figure-out-the-root-of-the-problem and fix-it-forever dude. No way would he let his new baby back into the hands of her old "oppressor". Plus, to borrow a phrase from our dear @Sailor Sam, there are stick boat units involved. Ewww!
Sticky boat units! They poop. They pee. They're snotty. They spew gross stuff from every orifice. Ewww! But otoh RV rentals and purchases are up 600% because of covid and you can probably charge top dollar. Since you guys are FIRE and don't need the moolah you might consider using it as a free home for a local health care worker who needs to live seperate from their family - especially the sticky boat units. Gotta clean it good afterwards though.

I personally would use it as I think a camper or RV is the best way to get out and about while social distancing. Load up your own food, gas up with a CC, and find a nice sparsely populated area to camp.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dicey on June 27, 2020, 11:17:43 AM
We're hankering to visit our granddaughter (and her parents) for her birthday next month. If we do it, we'll do exactly what you're suggesting, @spartana. Two days there, three to four day visit, wherein we park/camp on the street in their neighborhood (perfectly legal, lovely, and generally readily available), and then two days back.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on June 27, 2020, 11:31:54 AM
We're hankering to visit our granddaughter (and her parents) for her birthday next month. If we do it, we'll do exactly what you're suggesting, @spartana. Two days there, three to four day visit, wherein we park/camp on the street in their neighborhood (perfectly legal, lovely, and generally readily available), and then two days back.
Lots of campground aren't opening up yet (or ate closing again...at least in state and Nat Parks) but I think most private ones are open and if you are self contained even a longer road trip is probably very doable. And might even be safer depending on your at-home circumstances. Since covid crushed my overseas travel plans (via bike touring and train) I'm looking at getting a small van so I can get away. I'm finding it MORE difficult to social distance at home now that everyone is going back to work and play in large crowds while our numbers increase. But don't want to car shop now, and this thread isn't helping me with that!
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Dicey on June 27, 2020, 11:59:48 AM
We're hankering to visit our granddaughter (and her parents) for her birthday next month. If we do it, we'll do exactly what you're suggesting, @spartana. Two days there, three to four day visit, wherein we park/camp on the street in their neighborhood (perfectly legal, lovely, and generally readily available), and then two days back.
Lots of campground aren't opening up yet (or ate closing again...at least in state and Nat Parks) but I think most private ones are open and if you are self contained even a longer road trip is probably very doable. And might even be safer depending on your at-home circumstances. Since covid crushed my overseas travel plans (via bike touring and train) I'm looking at getting a small van so I can get away. I'm finding it MORE difficult to social distance at home now that everyone is going back to work and play in large crowds while our numbers increase. But don't want to car shop now, and this thread isn't helping me with that!
We're self-contained and wouldn't mind doing a little stealth camping if necessary on the way to/from. If I was car shopping now, I'd probably try private party and hat, mask and glove up. Maybe bring a can of Lysol to spray on the surfaces and let it air out a bit before you test drive. Once home, spray it again and leave it standing open in the hot sunlight for a few hours. Heck, if you're really worried, Tyvek suits are cheap. Hot as hell, but cheap. I suspect people are going to start selling things off to keep themselves afloat. It might be a good time to buy. Good luck!

One more thought - if you use Next Door or similar, you can post an ISO ad. Using a picture of something similar to what you're looking for will guarantee more eyeballs will see the post. Somebody might have something they want to get rid of, but just haven't had the time or the right incentive.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: spartana on June 27, 2020, 12:29:30 PM
We're hankering to visit our granddaughter (and her parents) for her birthday next month. If we do it, we'll do exactly what you're suggesting, @spartana. Two days there, three to four day visit, wherein we park/camp on the street in their neighborhood (perfectly legal, lovely, and generally readily available), and then two days back.
Lots of campground aren't opening up yet (or ate closing again...at least in state and Nat Parks) but I think most private ones are open and if you are self contained even a longer road trip is probably very doable. And might even be safer depending on your at-home circumstances. Since covid crushed my overseas travel plans (via bike touring and train) I'm looking at getting a small van so I can get away. I'm finding it MORE difficult to social distance at home now that everyone is going back to work and play in large crowds while our numbers increase. But don't want to car shop now, and this thread isn't helping me with that!
We're self-contained and wouldn't mind doing a little stealth camping if necessary on the way to/from. If I was car shopping now, I'd probably try private party and hat, mask and glove up. Maybe bring a can of Lysol to spray on the surfaces and let it air out a bit before you test drive. Once home, spray it again and leave it standing open in the hot sunlight for a few hours. Heck, if you're really worried, Tyvek suits are cheap. Hot as hell, but cheap. I suspect people are going to start selling things off to keep themselves afloat. It might be a good time to buy. Good luck!

One more thought - if you use Next Door or similar, you can post an ISO ad. Using a picture of something similar to what you're looking for will guarantee more eyeballs will see the post. Somebody might have something they want to get rid of, but just haven't had the time or the right incentive.
Not so worried about contracting covid, just don't want to deal with car dealership. Well I don't want to do that anytime ;-). But found most will do online sales so going that route. At least to "look at" cars. Haven't done more than that yet so, being lazy,  plus covid, plus lazy,  it may take me some time. Fortunately I don't really need a car but it is a bit tough when you want to get away now.
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Just Joe on June 30, 2020, 11:40:12 AM
A few years ago, I was really dreaming of a towable RV.  How nice it would be to hitch up and go see things!  I was very close to buying one, but noticed I could rent the same thing.  After a week rental, so glad I did not buy.  It was a nice trip, but the dreams were better than reality.

I'm working on a popup camper deal. Old but stored inside all its life. Lightly used. Cheap - like a few nights in a condo cheap. Needs tires and a bath. We'll see.

Cheap enough to use for a season and sell it on if it isn't for us. Light enough to tow without buying a larger family car.

Friend stopped by and told me about their RV maintenance challenges. He had alot to tell. ;)
Title: Re: Got a Lecture from Car Dealer Finance Guy
Post by: Wrenchturner on June 30, 2020, 12:42:43 PM
Friend stopped by and told me about their RV maintenance challenges. He had alot to tell. ;)
I'm considering leaving the RV industry for good, it's pretty toxic.