Hey y'all, let me tell you something about car dealers. They be out here playing games and trying to get over on us, especially at the end of the year sales. Don't be fooled by their tricks.
Trick #1: FOMO (Fear of Missing Out)
They'll make it seem like you have to buy right now or else you'll miss out on the deal of a lifetime. Don't fall for it! Take your time and do your research to make sure you're getting the best deal possible.
Trick #2: Wholesale Pricing
Car dealers will tell you that they're giving you a wholesale price, but in reality, they're still making a profit off of you. Don't be afraid to negotiate and ask for a better deal.
Trick #3: The Four-Square Method
This method involves breaking down the negotiation into four parts: the price of the car, monthly payments, trade-in value, and down payment. But beware, they'll try to beat you in each category while making a profit off of you overall. Stick to your budget and don't let them manipulate the numbers.
Trick #4: Buy Back Programs
Car dealers may reach out to you with offers to buy back your car, but they're really just trying to get you back on their lot and sell you a new one. Think twice before agreeing to any buyback program and make sure it's a good deal for you.
So, how much do car dealers make?
Well, it varies. They make a profit off of each car they sell, but the amount can range from a few hundred dollars to thousands of dollars depending on the car and the dealership. Don't let them take advantage of you and always negotiate for a fair price.
Are car dealers tracking you?
Some car dealers may install tracking devices in cars to keep an eye on them. It's important to ask about any tracking devices and make sure they're not invading your privacy.
Cash or credit?
Car dealers may prefer you to finance through them rather than pay in cash, but ultimately it's up to you. If you have the means to pay in cash, you can avoid interest charges and potentially negotiate a better deal.
Don't let car dealers take advantage of you. Do your research, negotiate, and always stick to your budget.
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Why Does My Car Dealer Want To Buy Back My Car?
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Car salesman used tricks dealers reveals former selling spend use cars outsmart them buying before renting dotted research line sign. Do car dealers care if you pay cash? – thecarflippingexpert. Why does my car dealer want to buy back my car?
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