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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 !

Anonymous Coward
User ID: 18096709
United States
07/08/2012 11:00 PM
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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. !

Anonymous Coward (OP)
User ID: 18096709
United States
07/08/2012 11:21 PM
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Re: 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 !
No thankyou's for the knowledge Hu ?

Thanks Brah !
Anonymous Coward
User ID: 14155246
United States
07/08/2012 11:30 PM
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Re: 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 !
Thank you . Now its a matter of the dealership keeping you ther 6 hours and trying to wear you down.I swear to god I hate buying cars, but your formula looks like it could fly, any advice handling objections?
Anonymous Coward (OP)
User ID: 18096709
United States
07/08/2012 11:40 PM
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Re: 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 !
Thank you . Now its a matter of the dealership keeping you ther 6 hours and trying to wear you down.I swear to god I hate buying cars, but your formula looks like it could fly, any advice handling objections?
Quoting: Anonymous Coward 14155246

That is the object of this as it can take the haggling aspect almost completely out of the equation.
You know their (dealerchip) rock bottom is the "Wholesale price" and most dealerships that take trade-in's give pennies on the dollar credit torwards a new car purchased from them.

Also invoice is a scam so never let someone say that's below my invoice as they get credits from the manufactures after they sell the vehicle, that undercut the invoice price by 10%

If they object give them your phone number and your price on the vehicle and tell them to call you if they want to sell it.

It's that easy !
Anonymous Coward
User ID: 16106205
United States
07/08/2012 11:45 PM
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Re: 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 !
are you paying cash or financing?
Anonymous Coward
User ID: 13914728
United States
07/08/2012 11:49 PM
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Re: 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 !
How do find out the original retail on a car 10+ years old? Know of a handy site?
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 12:34 AM
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Re: 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 !
are you paying cash or financing?
Quoting: Anonymous Coward 16106205

This would be a cash deal !

This could be part of a finance deal if negotiated right. Remember to take the emotion out of purchasing a vehicle. Once you show your in love the game is over.

Gotcha !
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 12:36 AM
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Re: 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 !
are you paying cash or financing?
Quoting: Anonymous Coward 16106205

You know the value of the vehicle in Wholesale dollars now you just need to negotiate the finance and charges.

It can be done !
Anonymous Coward
User ID: 19386846
Australia
07/09/2012 12:38 AM
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Re: 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 !
Doesn't work when the mileage has been wound back.
Anonymous Coward
User ID: 1461298
United States
07/09/2012 12:39 AM
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Re: 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 !
Uh, doesn't work so well.

Vehicle \$30,000 x 0.70=\$21,000

70,000 miles x 0.30=\$21,000
=free car.
Anonymous Coward
User ID: 8740132
United States
07/09/2012 12:41 AM
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Re: 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 !
Uh, doesn't work so well.

Vehicle \$30,000 x 0.70=\$21,000

70,000 miles x 0.30=\$21,000
=free car.
Quoting: Anonymous Coward 1461298

shhhhhhh!
astor

User ID: 8309184
United States
07/09/2012 12:45 AM
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Re: 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 !
best bet is to cozy up to a guy with a sales license and give him/her a couple of bucks to take you to a dealer auction with him/her directly. you will never get a "good deal" off a lot. and "buy here pay here" deals are a scam as a rule of thumb you pay double what the dealer pays plus another thousand. really, its a lose-lose situation for a buyer. your always gonna pay atleast \$3500 more then the dealer paid even if there is no financing involved.
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 12:51 AM
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Re: 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 !
Uh, doesn't work so well.

Vehicle \$30,000 x 0.70=\$21,000

70,000 miles x 0.30=\$21,000
=free car.
Quoting: Anonymous Coward 1461298

This must be done within reason and granted that at 12K average per year that car would be 6 years old.

At 70,000 miles the car is 3/4 spent expecting 100K miles

\$21,000 x 75% = \$15,750

\$21,000 - \$15,750 = \$5,250.00 and less for wear and tear.

are the tires worn ? - \$500.00
Exhaust needs replaced ? - \$275.00
Needs Brakes ? - \$400.00
Interior rough ? - \$750.00
Exterior needs paint ? - \$800.00

Using logic you could negotiate a great deal on a vehicle.
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 12:55 AM
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Re: 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 !
best bet is to cozy up to a guy with a sales license and give him/her a couple of bucks to take you to a dealer auction with him/her directly. you will never get a "good deal" off a lot. and "buy here pay here" deals are a scam as a rule of thumb you pay double what the dealer pays plus another thousand. really, its a lose-lose situation for a buyer. your always gonna pay atleast \$3500 more then the dealer paid even if there is no financing involved.
Quoting: astor

Wrong

I have just given you the tools to go to a dealer or a private owner and make your own deal.

You must have confidence and know your numbers !

Have done this tons of times.

It's not that hard !
ExpertOfSound

User ID: 1779676
United States
07/09/2012 12:58 AM
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Re: 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 !
Thanks, this is good information!

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Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 01:00 AM
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Re: 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 !
Thanks, this is good information!
Quoting: ExpertOfSound

Straight Pride

User ID: 19398856
United States
07/09/2012 01:11 AM
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Re: 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 !
2011 Chevy Volt = \$48,000

1990 Honda Accord = \$2,000

\$46,000 in gasoline @ \$4.60 / gallon = 10,000 gallons, multiplied by 20 miles per gallon, you get 200,000 miles in the used Honda before even approaching the cost of the Volt.
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 01:14 AM
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Re: 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 !
2011 Chevy Volt = \$48,000

1990 Honda Accord = \$2,000

\$46,000 in gasoline @ \$4.60 / gallon = 10,000 gallons, multiplied by 20 miles per gallon, you get 200,000 miles in the used Honda before even approaching the cost of the Volt.
Quoting: Straight Pride

Anonymous Coward
User ID: 19234948
Greece
07/09/2012 01:52 AM
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Re: 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 !
Using the above formula
E.G.: a car when new costs: 16140
16140 x 70% = 11298
It has 75000 miles
75000 x 0.30 = 22500
11298 - 22500 = -11202
So the dealer must pay me 11202 to me to buy the car?

What did I do wrong?
Anonymous Coward
User ID: 19276565
United States
07/09/2012 02:11 AM
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Re: 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 !
Using the above formula
E.G.: a car when new costs: 16140
16140 x 70% = 11298
It has 75000 miles
75000 x 0.30 = 22500
11298 - 22500 = -11202
So the dealer must pay me 11202 to me to buy the car?

What did I do wrong?
Quoting: Anonymous Coward 19234948

Yeah, this doesn't really work at all.

Most economic cars (around 20K new) with over 75000 miles on them would be free.
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 10:42 AM
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Re: 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 !
Using the above formula
E.G.: a car when new costs: 16140
16140 x 70% = 11298
It has 75000 miles
75000 x 0.30 = 22500
11298 - 22500 = -11202
So the dealer must pay me 11202 to me to buy the car?

What did I do wrong?
Quoting: Anonymous Coward 19234948

Yeah, this doesn't really work at all.

Most economic cars (around 20K new) with over 75000 miles on them would be free.
Quoting: Anonymous Coward 19276565

You are dumber than a box of rox !
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 10:45 AM
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Re: 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 !
Using the above formula
E.G.: a car when new costs: 16140
16140 x 70% = 11298
It has 75000 miles
75000 x 0.30 = 22500
11298 - 22500 = -11202
So the dealer must pay me 11202 to me to buy the car?

What did I do wrong?
Quoting: Anonymous Coward 19234948

People are so stupid ! I gave you this knowledge and you fuck that up.

Not suprising as the Greeks aren't the brightest bunch in the lightbulb box !
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 10:45 AM
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Re: 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 !
Using logic you could negotiate a great deal on a vehicle.

Logic !
Anonymous Coward
User ID: 12759837
United States
07/09/2012 11:09 AM
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Re: 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 !
Using the above formula
E.G.: a car when new costs: 16140
16140 x 70% = 11298
It has 75000 miles
75000 x 0.30 = 22500
11298 - 22500 = -11202
So the dealer must pay me 11202 to me to buy the car?

What did I do wrong?
Quoting: Anonymous Coward 19234948

People are so stupid ! I gave you this knowledge and you fuck that up.

Not suprising as the Greeks aren't the brightest bunch in the lightbulb box !
Quoting: Anonymous Coward 18096709

Yeah well next time keep your fucking knowledge to yourself asshole!
Anonymous Coward (OP)
User ID: 18096709
United States
07/09/2012 11:24 AM
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Re: 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 !
Using the above formula
E.G.: a car when new costs: 16140
16140 x 70% = 11298
It has 75000 miles
75000 x 0.30 = 22500
11298 - 22500 = -11202
So the dealer must pay me 11202 to me to buy the car?

What did I do wrong?
Quoting: Anonymous Coward 19234948

People are so stupid ! I gave you this knowledge and you fuck that up.

Not suprising as the Greeks aren't the brightest bunch in the lightbulb box !
Quoting: Anonymous Coward 18096709

Yeah well next time keep your fucking knowledge to yourself asshole!
Quoting: Anonymous Coward 12759837

Hey Dumb Dumb,

Like I said You must be stupid because anyone should be able to take my formula and combine it with logic to negotiate a great deal on a vehicle.

Sounds like you have a childs mind and couldn't afford a vehicle anyway !