Tips for buying or leasing a luxury vehicle
Deal Talk
Luxury vehicle buying facts So many Electric-Vehicle issues EV price range does not change the risk 80% mote problems Blood batteries Grid-Serve Charging network raises the cost to charge a vehicle What qualifies a vehicle as luxury Safety is the best The latest High tech Resale is still #1 Power and quality More affordable then you think Leases are best by far Due diligence requires same techniques Each issue is thousands Trade shopping is even more important OTD, CPI the same More polite but not your friends Used Car-fax or Auto-check Flood check on used
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The dealership F&I hurdle
Deal Talk
The dealership F&I hurdle F&I to finish the deal Tesla 2 million recall Electric vehicles fires galore Consumer report confirms electric vehicle issues Price savings for 1 years of fuel Current charging station additions be the fed….0 F&I profits are way up, what should you do? When things are this crazy, if you can, wait How to process F&I aka business office Forced pitch from F&I, get up and leave Business office and sales are separate CPI to stop payment packing Delivery after bank approval Dealer finance reserve is the biggest profit potential for the finance office...
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Electric Vehicle Purchase , Yes or No?
Deal Talk
Don’t be conned by the Electric Vehicle story Hybrid or full, they have a battery What are the limits? What about trade values? Charging takes time, lots of time No charge? What to do Fossil fuel taxes pay for roads, how will EV’s be taxed? Crash safety is important? Fire safety is paramount We need the minerals that are not here Find a power source Electric fuel can cost as much as gas Will the monopoly of electric sources raise the rates? The cost difference in new electric vehicles is huge. Maintenance happens on all vehicles Battery versus tuning, $ Are electrics a...
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How to buy if you must hurry
Deal Talk
What if you have limited time to make the purchase? Distance on EV is still an issue if you use accessories Most common models are $2000 more for Electric Fire departments train for EV battery fires Rush Rush Rush to buy Consistency means resale What was missed Time well spent Due diligence rush Phone and Internet Is one-price a choice? One day, the whole day Be assertive, not aggressive Aftermarket exceptions What slows you down? Something is better than nothing The basics of the basic
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Maximizing your trade or outright sale value
Deal Talk
What you should do to get the most out of your vehicle 1. Various medias say EV‘s are tanking 2. More and more EV fires 3. Price difference and depreciation could be $40,000 or more 4. Rates are up so credit comparison shopping is a key 5. Both rate and terms 6. Which method, trade in, sell to a dealer or sell outright 7. No matter what you trade in or sell, Recondition as much as you can 8. ...
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Due diligence research completed? Now what?
Deal Talk
Due Diligence research completed? Now what? EV sales are not up The public is aware of Electric vehicle Fires and deaths Manufacturers are hurting from EV failure Great negotiating requires great due diligence. Avoid cash or shopping talk. No matter what you offer, the dealer will try to bump you. Don't acknowledge the asking price Always ask for a better price at least twice before making an offer Talk what you know after they make 2 offers Assertive, not aggressive ...
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How to overcome automotive credit issue
Deal Talk
How to overcome automotive credit issues Solar is better than electric but it also has issues Trucks are not feasible as electric Safety has become a key issue Battery fire death numbers are high Inflation oozes into vehicle interest rates The banks, more risk, more rate Know your budget and stick to it Down payment isn’t a lock Employment offers and testimonials help FTB, finance first, buy and negotiate second Don’t give up Shop every bank Financing has many sources Referral letters will help Cosigners are the best answer Recourse dealers Improve the risk Buy here pay here may be...
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Dealers and the news, now it's all fake
Deal Talk
Dealers and the news, now it’s all fake Colorado crazy trade doesn’t help 65% won’t even look at EV’s Battery prices have dropped to ridiculous Ev ads and the news are fake Bait and switch Switching stories Ridiculous trade values Guaranteed payoff is a hoax Rebate tricks Employee pricing, means what? Disclosures Plus everything Radio, newspaper, magazines, TV, social media, Government ads for Green new deal support FTC will help eventually Not a single number is factual A dealer’s ads indicate their ethical character Due diligence will protect you Still OTD and...
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What is Due diligence?
Deal Talk
Due Diligence means what? Hybrid low down Electric Bus goes belly up Due diligence is omnipotent 2022 Consumer Report has a great ratings section Brand tells the story best Great deals have no short cuts Knowing what comes first Use all the price calculation methods for used Use the Monroney label for online comparison of new The internet's only value is information but it must be real Get the facts and leave the rest. Beacon scores Bank rates and terms at least 4 Internet quotes or however possible Assertive not aggressive Shop dealer installed accessories before the deal Chose a few dealers...
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One price, fixed price, haggle free, only benefit the dealer
Deal Talk
One price, fixed price, haggle free, only benefit the dealer Part 1 and part 2 used review Make a quality segment chart The one price stories There are no special deals just special methods Why are one price techniques uesd Cut the dealer ‘s expenses Enhance the profits It’s not about customer satisfaction 2+2 is not 5 No haggling does not mean a good price Ho Hum prices at best Shorter sales process, longer F&I time Don’t let your guard down for a second Negotiating is better for the customer and their satisfaction One price gives a dealer higher profits as a whole No matter what...
info_outlineAuto dealer business office (F&I)
Salespeople make mistakes
If not written and missing, you lose
What to do with F&I
Business as usual in sales
Residual equals wholesale retail
What goes into the resale percentage?
No to everything can be as bad as yes
Geographic add-ons help resale
OEM add-ons
Dealers use add-ons
Always request the factories extended warranty
F&I is shop able
Do your add-on planning early