Getting Price Down on Used Car

Discussion in 'Non Bike Related' started by Lozzy, Oct 8, 2019.

  1. Boothman

    Boothman Active Member

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    Or it could be that @Lozzy intends to spank a discount from him, but doesn’t want him to give in too quickly :eek:
     
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  2. Spygoat

    Spygoat Active Member

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    When I bought my SP I walked in with $18,000 USD in cash. They asked me to leave and get a cashiers check..lol. When I bought the Pani V4S, I brought my Amex. Cash was not the preferred method for any dealer.

    I would find a good used private sale if I were you, much easier to bargain with.
     
  3. nigelrb

    nigelrb Senior Member

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    I would have said, 'Stuff you,' and walked out - straight to another dealer. Serious. I don't think a buyer should cop that sort of crap!!:mad::mad:
     
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  4. Boothman

    Boothman Active Member

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    It’s to try to reduce money laundering @nigelrb - every dealer these days has a maximum cash transaction amount I’ve seen it as little as £500 and never more than £5,000. I think there’s an EU regulation that limits it to €10,000 so legally you'd be safe at the gbp conversion on the day you buy, but a dealer is going to keep well clear of whatever that amount is.
     
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  5. bazzashadow

    bazzashadow Active Member

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    I took £8300 in cash and they took it;)
     
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  6. Boothman

    Boothman Active Member

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    Just googled it, see below, and the limit is £8,800 so you were ok, though from my experience (limited as that is) £5k has been the most a dealer has been prepared to accept in notes.

    upload_2019-10-9_22-24-31.png
     
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  7. Shutty

    Shutty Active Member

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    Finance is king, they make as much on it as in the metal.

    if there is a deposit contribution some take the finance and settle three mths later. It will be priced right and this gives the sales execs confidence to hold firm, the only thing you are fighting for is his commission but ladder bonuses are dead now so its just another sale where he will make as much selling you paint protection and GAP as he will the car

    They use tools on Auto Trader etc to ensure they are on the first search page of every price for that car, but has been said prices can go up

    my only advice is try hold out until the end of the mth and call them 5 days before when they need to hit a financial target

    gone are the days cash is king its the worst thing ever and there are no longer £1’000s on used cars, the market is in decline and for some they are losing money.

    point to note, with new cars slow, means part exchangers are low and good 2-3yr old stock hard to come by so what minimal stock of this age there is will
    Not stick around if priced right, they plan to sell within 30 days and probably will hence limited haggle room, add to that top money paid at auction and Vat to pay on the profit + prep + warranty.. its tough to talk discount.
     
    #27 Shutty, Oct 10, 2019
    Last edited: Oct 10, 2019
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  8. PauloHRC

    PauloHRC Senior Member

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    Some good advice here @Lozzy......I think when most people refer to being a cash buyer these days it's going to be a transfer or card payment. Long gone are the days when we had to draw it out of the bank and scurry through the streets back to the car and hide the bulging envelope under the seat ha!:rolleyes::D

    Just try your luck and blag a couple of grand off the price and then try meet somewhere in the middle;)

    Does it have a heated rear screen??

    You know.......to keep your hands warm when you're pushing it!!;):eek::D
     
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  9. Lozzy

    Lozzy God Like

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    I think it does lol...but it's the parking assist I'm more excited about....:)

    ( I've typed that in a squeaky voice with my lippy in one hand whilst flicking my hair and looking anywhere but at the screen)
    ;):p

    Screenshot_2019-10-10-08-57-56-1.png
     
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  10. Spygoat

    Spygoat Active Member

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    Couldn't find another SP Repsol and that is the bike I wanted. Here in the US, they tend to frown on cash purchases of $10,000 or more. As stated previous, it is to limit money laundering.
     
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  11. nigelrb

    nigelrb Senior Member

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    Yes, I understand and accept that. But I have experienced, and circumvented that EXACT situation by abandoning one dealer and going to another, where I paid by 4 separate instalments of cash.

    I have great difficulty in accepting 'PC' rules and regs. When I have worked hard for my money over a lifetime, and am able to justify all that income, I do not expect to be told HOW I might be able to spend it. Sure, I agree it sounds 'toffee-nosed' but that's not the real me.

    To me it is a matter of principle. A business can either choose to sell its product to me on MY terms or not sell the product. Their choice.;)
     
  12. Spygoat

    Spygoat Active Member

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    @nigelrb did I mention my SP was the Honda US show bike? It had been to all the Moto Expo events and the INTERMOT, so it was put on a showroom floor after all the other SP Repsol models had sold. I wasn't going to find another one.

    I get what you are saying, but sometimes, you have to take a little to get a little. The joy of owning the bike far outweighs the bother that trip back to my bank inflicted on me.
     
  13. Shutty

    Shutty Active Member

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    your cash or not, a business takes a risk great than the profit breaking these rules

    https://www.gov.uk/guidance/money-laundering-regulations-appeals-and-penalties
     
  14. Boothman

    Boothman Active Member

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    Enough now the rights and wrongs of large cash - how was the test drive @Lozzy and has a deal been done?
     
  15. Lozzy

    Lozzy God Like

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    Just come back from the test drive...very nice indeed! Skoda really are a nice act now!
    I'm going back in the morning to discuss the deal and hopefully they'll give me what I want :)
    I had a quick look at a Ford Kuga just down the road whilst I was at it...but their salesman needs lessons off the Skoda guys. Bit like a pre pubescent David Brent with no enthusiasm whatsoever :rolleyes:
    So it resulted in the Lozzy 'stick it up your bum' flounce out :D
    The Skoda dealership has been perfect up to now regards customer experience...very friendly, not patronising, totally focused on the customer and able to have a laugh and chat about everything.
    I've lost count of the number of bike/car dealers over the years that I've walked out of because of initial poor customer service o_O
     
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  16. nigelrb

    nigelrb Senior Member

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    That's what 'm talkin' about! Take crap from no one:).

    I remember in my early 30s I attended a SAAB dealer with great interest in a two-year-old 900 EMS. Was dressed in very ordinary tracky dacks - way before the 'grunge' look was in. I was dismissed as a dreamer by the three-piece-suited wannabe.

    Returned the following day and approached the guy, this time dressed in my own three-piece-suit. 'Remember me from yesterday?'
    'Oh yes, sir.' (He hadn't called me 'sir' before':rolleyes:)
    'I just wanted to show you the car I bought yesterday,' pointing to the silver SAAB I'd parked out the front.

    So Lozzy, best wishes for tomorrow am.;)
     
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  17. Lozzy

    Lozzy God Like

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    Absolutely right there....
    In the last year crappy service has lost 3 dealers potential sales of 1 new SP, 1 nearly new Tuono and that Kuga...from me alone...that's thousands...bonkers :rolleyes:
     
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  18. nigelrb

    nigelrb Senior Member

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    Customer service, or lack thereof, could nearly be a thread in its own right.

    In these days where 'feedback' is sought from nearly every transaction, it is most surprising that many businesses haven't upped their game to avoid negative feedback. I wonder if the disgruntled can't be arsed? (to steal someone's favourite term;)).
     
  19. Wozza

    Wozza Well-Known Member

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    Talking poor service I tipped off my local Yamaha dealer that someone I know was looking for a new R1m give them his number ....no call then he bought from elsewhere then the same on the Tenure or whatever the adventure bike is called give them a chance at the off road bike Yzf 450 again no call so 3 bikes they missed out on total 48k in sales....defies belief ...
     
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  20. Wozza

    Wozza Well-Known Member

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    Car sales are on the floor 10k plus more off certain models had a look at a Nissan GTR but the value of the Range Rover has plummeted lost 30k in 3 yrs...eek....good job have got a GFV on it in 18mths time...
     

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