Deal talk 091 Buy or Lease
Release Date: 04/06/2017
What if you have limited time to make the purchase? Electrics when it’s cold weather Power drain is much faster Check rating in 3 or 4 stories 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 basicinfo_outline What you should do to get the most out of your vehicle when trading or selling
What you should do to get the most out of your vehicle Multiple charging methods that ALL take time Rates are up so credit comparison shopping is a key Both rate and terms Which method, trade in, sell to a dealer or sell outright No matter what you trade in or sell, recondition as much as you can Know why you are selling, they will ask What you should verify and know Retailing pays Preparation is the same Know what you are trading in Deal first, trade second Getting all the resale out of your vehicle Small investment, big returns No matter how old it is, prepare it Trade payoff planning...info_outline Other used vehicle choices during these crazy times
Other used vehicle choices during these crazy times Time is money. Follow the plan Charging stations and unit numbers are big difference Average deal price goes up in a down year? Off lease check it more Rentals mean poor servicing Rental car deals….Not! A lease is not a rental They are not worth more, just the opposite Repos maybe OK If you are looking call your banker Flood may be a bigger consideration on rental, repo and lease Flood can be invisible Odometer laws are federal Always get a mileage statement See the titleinfo_outline No credit, bad credit, how do you borrow?
No credit, bad credit, how do you borrow? Battery development is the key issue Turn the battery into the frame The harder to fix the shorter the life span 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 the last choiceinfo_outline Know about EV's before you vote
The Electric Vehicle Hoax A review to avoid being pushed Electric vehicle types? Hybrid Plug in Hybrid Total Electric 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 a concern? 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 planned...info_outline Is your research done? Now what?
Is your research done? Now what EV corner The entire issue is blown out of proportion You can’t put products before the science 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 Assertive, not aggressive ...info_outline The what and why of due diligence plus EV corner
The what and why of due diligence plus EV corner Electric vehicle charging levels Charging improvement means more $ Each electric company area could be a monopoly 2022 Consumer Report has a great ratings section Brand tells the story best Due diligence is paramount There are no short cuts to good results Know what you want first Used price calculation methods for used Use the Monroney label for online comparison of new The internet for some of today's information but not buying Get the facts and leave the rest. Beacon scores Bank rates and terms at least 4 Internet quotes or however possible...info_outline Dealer advertising is like the fake news
Dealer advertising is like the fake news F150 is just 150 miles loaded Where is the Lithium? A plan for better MPG Bad ads = bad experience 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 Do diligence will protect you Still OTD and CPIinfo_outline EV news plus one price dealers
EV news plus one price dealers Twenty eight thousand ? Electric is often missing all that is needed Big organizations make mistakes but can afford to 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...info_outline What to do if you purchase a problem vehicle
What to do if you purchase a problem vehicle The FTC is increasing their rules for dealers Does it really help or just increase prices Electricity costs are going up…fast The Lemon law All states have a lemon law but guidelines vary Get the dealer principal involved after two repair efforts fail, don't wait. Get your forms from your state's Attorney General office Arbitration could be available from the manufacturer Federal lemon law Magnuson-Moss act FTC new or used Effort equals results The main conceptsinfo_outline
Buy or lease?
- Review the CPO
- What is the lease story?
- Never more than 36 months
- Avoid the normal up keep
- Build the mileage in
- Resale is king
- Trade, sell or buy
- Sales tax
- Truly democratic choice
- Do the research
- 2400 figures the rate
- Sign and drive makes it easier to compare
- Ten years can be best
- Four instead of two, in ten years
- Don’t pay cash