Forum Discussion
Desert_Captain
Jul 06, 2020Explorer III
Another consideration/tactic that works well when buying from a dealer...
Find what you are looking for and walk in ready to make the deal on the last day of the month. The larger the dealer the better this works. Explain to the sales manager that you are: A. ready, willing and able to do a deal that day and B. reasonably certain he has already made his nut for the month and that any unit they sell before the close of business will generate cash straight from the corporate office. In most cases they will move heaven and earth to get you closed by the end of the business day.
I have used this technique three times {once buying my lightly used coach from La Mesa RV, once when buying a new Indian motorcycle that was the last 2017 in their 84,000 square foot facility and most recently when I bought my 2019 Honda Ridgeline last July31st}.
In all three transactions the sales manager admitted I was correct and that yes, he was seriously motivated to make a deal that day. When I bought the bike and the Honda I was prepared to pay cash and told them so but with a Fico score of 840 they were very excited about financing me in-house as that probably added another $500 to their bottom line. I returned in 48 hours and paid off both loans incurring 2 days of interest expense to save hundreds.
Salesmen aren't the only ones out there who can be devious.
:W
Find what you are looking for and walk in ready to make the deal on the last day of the month. The larger the dealer the better this works. Explain to the sales manager that you are: A. ready, willing and able to do a deal that day and B. reasonably certain he has already made his nut for the month and that any unit they sell before the close of business will generate cash straight from the corporate office. In most cases they will move heaven and earth to get you closed by the end of the business day.
I have used this technique three times {once buying my lightly used coach from La Mesa RV, once when buying a new Indian motorcycle that was the last 2017 in their 84,000 square foot facility and most recently when I bought my 2019 Honda Ridgeline last July31st}.
In all three transactions the sales manager admitted I was correct and that yes, he was seriously motivated to make a deal that day. When I bought the bike and the Honda I was prepared to pay cash and told them so but with a Fico score of 840 they were very excited about financing me in-house as that probably added another $500 to their bottom line. I returned in 48 hours and paid off both loans incurring 2 days of interest expense to save hundreds.
Salesmen aren't the only ones out there who can be devious.
:W
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