How to buy a new or used vehicle without getting ripped off !! Truck or car new or used it doesn't matter as this technique works every time !

For some informational purposes on purchasing new/used Trucks and Cars from car dealers or anywhere for that matter.
If your looking to buy a new or used car/truck start at the wholesale price as your bargaining base.
Wholesale price is Retail (MSRP) x 70%
example:
$41,000 x 70% = $28,700.00 would be your first offer on that new car or truck.
You must take the emotion out of buying a vehicle. "Show none"
If you are buying used you can apply the same formula but deduct .30 to .42 cents for each mile on the odometer. .30 for quality highway miles up to .42 for someone that took that Yugo 4 wheelin (hard miles). Find the retail price (MSRP) for that car/truck in that year (on the internet) and apply the math above. This includes any private sales as well i.e. Craigslist, ebay or Cartrader. Anywhere !

Example:
Say a 2009 Ford explorer had a retail (MSRP) of $29,000 in that year and it has 40,000 miles on it.
So $29,000 x 70% = $20,300 wholesale then deduct .30 cents per mile (good miles) 40,000 x .30 = ($12,000)
So your starting bid/offer for that truck or car with 40K miles on it would be $8,300.00
I have purchased many vehicles (40+) through these years using this formula for business, family and friends and I know it works. The problem is that people make a car or truck purchase an emotional event. (crying about int/ext color and such) Don't. If the salesman says "your nuts (after you have arrived at "YOUR" price) and that’s above my costs" just leave him your name and number, on a piece of paper or card you supply from your pocket, written with your pen or pencil) and tell him "if you want to sell that car or truck call me". That’s it and leave the showroom.
Remember the above math is to establish a basis or base to start the bargaining, move up from there.
Remember never add more than 12.5% back to your starting base for overhead and profit for the dealership. I never add it back now because sales of vehicles are still shitty.
Make sure you buy and haggle the last week of the month, quarter or half year as the dealerships are hard-up to meet quotas.
good luck !
Walk in like you own the place.

P.S. I was taught this method from a wholesale distributor friend many many years ago. You should have seen this guy at the dealerships sweep the floors with the salesman. He turned it into a game all the time !

He always paid "HIS" price for the vehicle

Pin this as I think everyone should see it. !