05-11-2004, 05:13 AM
Quote:my point was very few people can afford to put 50% down on a car.
No, your point was to say that I don't know that the fuck I'm talking about.
I didn't say anyone could afford it, I said it's the ideal situation. Anything less and you're getting fucked. Hell, if you think about it, you're getting fucked regardless if you buy a car. Once it's titled, it loses quite a bit of it's value. So, in reality, you're actually paying more than it's worth to start with even if you get a killer deal.
By the way, dealer invoice pricing doesn't really mean shit. They get discounts and rebates that you'll never know of that save them thousands of dollars on any car over 25K. Sub-25K cars typically have less profit built-in and that's why they hit you so hard with aftermarket accessories, services and extended warranties.
Most dealerships get a discount of several thousand dollars per car for stocking so many units on their lot. They get secondary paybacks for moving so many units per month. Sales people get bonuses for selling certain models during some promotions and as such they can take a hit on the "sale price" because they make it back in incentives.
The funniest thing I could never begin to share with you is the shit that car salespeople say about you "educated buyers" behind your backs. I spent many years working with sales managers and sales people trying to make "spot" deals. I sat in the smoker's gazebo at several dealerships listening sales people talking about how dumb customers are and how they hit this guy over the head... In general, no matter how educated you are, you can still get taken for a ride.