The what, why and how of upside down
Release Date: 09/09/2018
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...info_outline What is Due diligence?
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...info_outline One price, fixed price, haggle free, only benefit the dealer
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_outline Buying used part two
Buying used part two Dealing on medium and low priced used EV market is dropping around the world Used vehicle Monroney style labels are worthless Get the original Monroney copy So many new vehicle tricks and gimmicks, go used Inexpensive is many things Used vehicle categories are different Priorities have a number Like everything, pay more, get more Many ways to save Clear title is always number one A check list to follow Low dollars are low value Banks always play a part Junk is just that Why was it salvage AS IS describes current condition Salvage title means brought back...info_outline Todo's for buying used
To do's for buying lower Priced used vehicles Top scientists down play the CO2 story Climate crazies want to cancel stoves, light bulbs, large houses, cows, Due diligence on a used is different No Monroney for equal comparison Resale is just as important You need wholesale and retail prices Use all the pricing guides Call for quotes For exact options you may need to buy more Special reports will help, like CR What are the keys What difference does the dealer make? Check for flood signs More due diligence Check the banks, there are more variables They will call if...info_outline The most important dealing do's and don'ts
Things that always apply Skip the fake EV maintenance story 35 % more fatalities Crash tests are required reading Short cuts to dealing The major points list Some do’s and some don’t’s Always test drive Test driving? No pricing Out of time Three choices as I see it Sometimes what not to do is just as big Take time for Due diligence Avoiding mistakes From basic to not so basic Leasing adds to the listinfo_outline Why you should not buy an electric vehicle.
The electric story Dangerous Ship fire at sea can’t be extinguished Green new deal is a trap Mother nature has a plan Reviews and reports on electric So Many reasons to say NO The resale facts are huge Demand is down Deceptive charge station numbers CO2 isn’t a story Battery warranties at 70% They cost more, a lot more The cost of ownership is more Convenience has value Price, distance, time, safety Save enough to drive 80,000 miles Government pressure is always badinfo_outline Protect your vehicle credit in advance
Protect your credit before there is an issue EV issues are many Battery warranties for 70% or lower Battery average 5-15 thousand 68% fear autonomous Protecting credit score Score factors Reset the budget What are the questions you need to research? What hurts credit Too much buying power End the extra credit Communication is king Ask all sources Peter to Paulinfo_outline Puchase timing can make a difference
Timing is huge when buying a vehicle Electric distance is wrong for so many reasons Electric vehicles throw off the average, way off My trip proved a lot Traveling with an EV, you are totally on your own When can make you a winner Day, week, month, time of day, all matter The Weather can change timing Holidays can help Last day or the 32nd Afternoon calm Hot just like cold Current, left over, late model used When not to buy, like right now Leasing times are similar, except nowinfo_outline Extended service plan, yes or no, plus after you buy do's
Extended service plan, yes or no? What else after the sale? Assuming good condition Extended service plans are not warranties actually Condition and care tell the story Warranty price plus the deductible are the first repair Extended warranties are a question Extended warranty does not add in the trade in value Keeping it? Yes If buying a extended service plan, always from the Brand With a warranty fix or trade is never a question Low repair record equals high resale Make sure you got what you paid for Check everything after the delivery as well Check all paperwork numbers Is...info_outline
The what, why and how of upside down.
Average monthly payment is peaking for new and used
Stick to the play to keep the payment in line
2 Million in fines is an example we need
Upside down, minus equity, under water
What can you do?
Know where you are
Type 1, type 2 and type 3
Bad resale = minus equity
Long loan terms = minus equity
Big dealer profits = minus equity
Minimizing the chances, if you can
Resale value counts
In the future, 8 tips