Prepaid maintenance plan

[Tribe&TrueRacin]

You can run an honest business, and you can run a shady business.

If someone comes in and is stupid enough not to have money to buy what they are looking at, and they decide to take a loan out for the item, there is no excuse whatsoever to take advantage of that. If the bank says they will loan money at 5%, but then you tell the customer it's 8% so you can reap the extra profits, that makes you a liar. And you KNOW damned well that stealerships do this each and every single day.

Sorry everyone for the OFF Topic banter:


So, you are saying in a blanket statement that dealerships no matter who owns them in state (*dealerships are mostly independently owned) are dishonest and are a shady institution?

I do suggest that you talk to a bank or loan institution about your interesting thoughts about how dealerships offer loans.

* most states have legislation protecting this “ancient” business model, requiring automotive manufacturers to sell through independently owned and operated physical dealerships.

 

[Jack Rabbit]

For every 1 honest dealership out there, there are 2 stealer-ships out there to take you for a ride.

Granted there are some that try to get the best loan rates for you whether it be manufacturer interest rate or local bank. and there are some dealerships with salespeople which honestly show you all the good and bad points of vehicle, etc.

While others lie, high pressure tactic and try to sell you alot of highly marked up stuff. It's all pure profit.

When younger , I've had dealerships keep my driver's license hostage for half a day(they needed it before I could test drive then they said the clerk took it in the other bldg and locked it in safe before she went home while they attempted to pressure me into a car. After hours there, I had to tell them I was calling police ...at that point they supposedly got a key manager to come in and get my DL from the safe.)

another had me sign a power of attorney with no expiration or limitations ( I argued with them before signing but they said they needed it to correct any car paperwork and then I had to have an attorney involved to get it back/destroyed)

Another tried to pressure me into a lease and another tried to sell for over the sticker price then dropped price to sticker and thought I should buy it because it was a deal. I got the same car at an honest dealership for $4000 less than sticker.

And don't get me started on laser etching... one dealership all cars were laser etched and cost $3000 more.

That's what car insurance is for. Laser etch won't keep car from being stolen and car insurance will pay claim. So what does it do for me?

Yeah, no offense but you have to assume an adversarial relationship with dealers from the start because you don't know if they are honest or dishonest/high pressure.

And lastly you can't compare car dealerships to realtors. Realtors are heavily regulated and state licensed. No/few of the realtors/brokers would risk their livelihood doing underhanded things. The crappiest thing I've seen realtor do is take best view pictures of house from certain angles and it looks nothing like that when you get there. Other than that all problems need disclosed by owner, etc.

As I was in sales before, I always tried to explain why benefits of my products outweighed the negatives and while always going for the close, never employed anything like the tactics that car dealerships pull.

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[Tribe&TrueRacin]

F

When younger ,

Yeah, no offense but you have to assume an adversarial relationship with dealers from the start because you don't know if they are honest or dishonest/high pressure.

And lastly you can't compare car dealerships to realtors.

As I was in sales before, I always tried to explain why benefits of my products outweighed the negatives and while always going for the close, never employed anything like the tactics that car dealerships pull.

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Well honestly ... it does show that you had a negative(s) experience and yes Realtors are much like dealership... LOL
Those regulations are very much like dealerships, only in real-estate you get a salesperson that takes there time to build a relationship with you first. You have herd the word "commission" before?

As for you being in sales, I guess is was hourly rate because if it were a salary draw or any bonus or commission, or even a contest you would not have use your salesperson experience as an example of dealership sales people.

I could go on defending much more of your post and try to explain why some of those things were done during that time period but it's pointless, you have your thoughts on how you thinks things are done and nothing more I say is going to change that. You have been permanently damaged for life regarding dealerships.


For all other, we all know that that sticker on the window is for comparing and if things were a simple as that we would not need to "deal" a price. Also, I challenge anyone to pick one vehicle on any platform and follow it from the factory to the dealership lot and TRACK all the extra expense the dealerships pays before it arrives to be offered for sale! GOOD LUCK! However, should you even get 1/2 the information you may more enlightened and less hyper critical of dealerships? It may also help you in the future when negotiating a deal for a new vehicle?