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Nov 15 2001, 02:55 PM
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Newbie
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Dianne- GRRR!! WOOF WOOF!! LOL!! No one likes to be stereotyped. <br>Brian
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Nov 15 2001, 04:15 PM
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Newbie
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<<If you want those antics to stop- Then
pay a profit and move on>><br><br>I bought a
Prius at MSRP so I think that is exactly what I did.
Looks like neither of us enjoy feeling like we are
being "stereotyped." <br><br><<Silly Boy!!
>><br><br> I was just trying to explain why the consumer
feels like they are sometimes being screwed at car
dealerships. Instead I obviously hit a nerve so I am ending my
part in this thread since it has gotten unnecessarily
ugly and quite a way off the intended topic
anyway.<br><br>Steve
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Nov 15 2001, 05:14 PM
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Rick, thanks! That's very sweet of you.
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Nov 15 2001, 06:45 PM
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Newbie
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True-I appreicate your advice-there is about a
$3000 difference between sale value and trade in, and
though we have a few people interested in that we know,
no one has the cash up front or can get it... right
now our car is going to be here in the next week or
so...funny thing was that I was going to try and sell it
when we got our "2 week" call from toyota then the
next day got the call that its in the state! My boss
feels the same way, but alas, my time has run short
;)<br>Crysta;
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Nov 15 2001, 06:52 PM
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Newbie
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Good point.. I did just want to find out just how
much of a profit margin they were making and knowing
that "invoice" (which is what the dealership is
supposed to have paid) for a Prius w/o any of the extras-I
think the total is like $19800 (rounded up) at a 10%
mark-up from that price its already $22,000... I am only
going to pay $23,500 for the nav system and cruise on
the 2002... but people can feel ripped off if they
don't understand how things work.. and yah, if someone
was selling these for an even better deal, then I
would question it-although I might pursue it too
;).<br><br>Crystal
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Nov 15 2001, 06:57 PM
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That's a lot of difference, Crystal. But I
respect that it's your decision to make and that you feel
hemmed in by a time frame. I only suggested that you try
for a short time just to see what happens. At least
if you know what the trade in value of your car IS,
you can make that work for you. Best wishes to you.
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Nov 15 2001, 11:04 PM
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Newbie
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Thanks! Appreciate your kindness!
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Nov 16 2001, 08:25 AM
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SORRY!! ugliness intended for the poster who made the original "dealers love to
screw people comment" <br>Brian
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Nov 16 2001, 08:55 AM
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"SORRY!! ugliness intended for the poster who
made the original "dealers love to screw people
comment" "<br><br>I believe there are some dealers out
there who are out to do that. I've personally been a
"victim" of the bait and switch financing trick where "If
you buy this extended warranty, you'll qualify for
this rate". Then I got a letter in the mail a week
later stating that financing has yet to be arranged for
my vehicle because I *didn't* qualify. In the end I
was still stuck with the warranty, and the higher
interest rate loan. After doing some research, I found out
this happens quite a bit, and that the practice is
illegal. I've also had the ploy of "holding the trade
registration to keep you dealing" trick - only to be VERY
unwilling to give it back when the dealing goes
sour.<br><br>Maybe the term "screw" should mean that they're looking
to make that buck whether it's honest or dishonest -
and that if the buyer is willing to let you hang them
upside down and shake out the extra change from their
pockets, that it should be done because, well, you walked
in, therefore all of your money is now ours, but
you're still getting this great deal! :-)<br><br>I
should clarify - this only applies to a handful of
dealers out there (Ford and Chrysler seem to come to mind
in my past experiences) who do this regularly. But
unfortunately it does set the stereotype and/or stigma for the
industry in general. I can only imagine that it's very
difficult to reset customer expectations of how smooth the
deal can really go.<br><br>In searching for my Prius,
I went to several Toyota dealers. Many of them did
the usual "well, woudl you be interested in something
else?" trick, or "Well need $$$$ deposit to get you
started to make sure you're serious". However Dianne,
reset those expectations by allowing me to walk in (at
the appropriate time), test drive, oogle over another
Prius with NAV to make sure it was right for me, and
then freely make my decision - ALL without a deposit.
She knows that if I've made the 35 mile drive up
there (twice so far), I'm serious enough. And when
choosing my options, there was no pressure to buy one vs.
the other. And for my trade, there is no pressure to
give up my car for a price that I'm not comfortable
with, or dishonest comments stating that I'll never get
any more private party. I'm encourage to get the best
deal possible on both ends.<br><br>Okay, I've rambled
enough. Point being that we've all had bad experiences or
know others who have with car dealers. Therefore it's
difficult to walk in not expecting another bad experience,
but on the same token it's refreshing to have a good
experience. And trust me - we'll boast just as loudly, if not
louder to make people know it was a good experience. Now
we'll see if I can get a great on my trade, that would
make it a great deal :-P<br><br>my
2?<br>-Rick<br>(will be driving his Blue Moon soon hopefully)
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Nov 16 2001, 09:05 PM
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Newbie
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Why would you buy an extended warranty under any
circumstances? The practice of stupid people entering a
dealership without their financing approved in advance ought
to be illegal. That way we wouldn't have so many
whiners on this club site discussing how they got
"screwed".
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Nov 16 2001, 11:31 PM
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Newbie
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"Why would you buy an extended warranty under any
circumstances?"<br><br>On certain vehicles (i.e. Ford), extended warranties
are a prudent purchase which have proven to many
buyers as a valuable purchase when their transmission
explodes at 36001 miles. Those people are always "glad"
they purchased that warranty.<br><br>"The practice of
stupid people entering a dealership without their
financing approved in advance ought to be illegal. That way
we wouldn't have so many whiners on this club site
discussing how they got "screwed"."<br><br>So you're
justifying the dealer practice of preying on the uninformed?
Wouldn't it be easier to educate potential buyers in
public forums such as these so they don't make the same
mistakes that others already have?<br><br>The point of any
public form is the sharing of information. This thread
was about sharing information on buyer awareness, and
the consequences of the absence thereof. Hopefully
some will take tidbits of information from this and
arm themselves when making their next car buying
decision. Sharing is always better than flaming, even if
it's perceived by a few as whining. It's better to say
"Man, that sucks, here's how you can avoid that in the
future" than to say "God, you're a dumbass - they should
outlaw people like you because you're so dumb".
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Nov 17 2001, 01:19 AM
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Newbie
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Hi again:<br><br>May I suggest a good decaf? <br><br>-Michael<br>CA "01 Prius"
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Nov 17 2001, 12:56 PM
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Newbie
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In the spirit of that message for consumer
education, here is a link to a site which gave me a LOT of
information for buying or leasing a new
automobile:<br><br><a href=http://www.bankrate.com/brm/rate/auto_home.asp
target=new>http://www.bankrate.com/brm/rate/auto_home.asp</a><br><br>I hope
others will find this as helpful as I
did.<br><br>Crystal
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Nov 17 2001, 12:56 PM
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Newbie
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Rick, exactly. I can't agree more with this
statement specifically ...<br><br><snip>Wouldn't it
be easier to educate potential buyers in public
forums such as these so they don't make the same
mistakes that others already have? The point of any public
form is the sharing of information. This thread was
about sharing information on buyer awareness, and the
consequences of the absence thereof. Hopefully some will take
tidbits of information from this and arm themselves when
making their next car buying decision. Sharing is always
better than flaming, even if it's perceived by a few as
whining. It's better to say "Man, that sucks, here's how
you can avoid that in the future" than to say "God,
you're a dumbass - they should outlaw people like you
because you're so dumb".</snip><br><br>Great
perspective.
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Nov 17 2001, 10:37 PM
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Newbie
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Do you know why there is so much whining here,
because you're all Prius geeks! I've sold cars for 13
years, and as a group, Prius buyers are the most anal,
worrisome bunch of girls I've ever dealt with. The dealers
don't make any money on these cars, so do really mind
if we make a little on your trade-in? After all, we
have to put up with you for four months!
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Nov 18 2001, 01:50 AM
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Newbie
Group: Guests
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Location: USA

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"Do you know why there is so much whining here,
because you're all Prius geeks! I've sold cars for 13
years, and as a group, Prius buyers are the most anal,
worrisome bunch of girls I've ever dealt with. The dealers
don't make any money on these cars, so do really mind
if we make a little on your trade-in? After all, we
have to put up with you for four months! "<br><br>What
do you mean 4 months? What about after the fact when
we take our Prii in for service and it HAS to be
right? :-) <br><br>No 10w-30 for me sir. Yes, this
maintenance is supposed to be free. Yes, I want my tires
overinflated, etc. etc. And no, you still won't make any money
during that period because it *is* all free.<br><br>What
has Toyota done?! They've practically eliminated any
profit any dealership stands to make in the next 3 years
from these cars! But hey, as long as the buyer is
happy...
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Nov 18 2001, 02:44 AM
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Newbie
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Hi HTML:<br><br>FYI, Toyota dealers do indeed
make a nice profit on the Prius. $1200 on base alone!
This does not take into account a 2% dealer holdback
($400), any dealer incentives from the factory or any
options added to the car at the dock. ($2000 total dealer
profit would not be unusual.) And since the car is
mandated from Toyota to be sold at MSRP only, it appears
the dealer can count on about the SAME profit margin
from every Prius that leaves the lot. (Oh, and don't
forget PADDING the MSRP, like many dealers have done
successfully.)<br><br>Anal you say? I agree. After all, this is only the
most sophisticated production car built in the world.
<br><br>And yes, as long as the buyer is happy. That's called
good business, which usually translates into repeat
business.<br><br>Thanks for the nicely written challenge, albeit a bit
"whiney". <br><br>-Michael<br>CA "01 Prius"
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