Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT!
902,254
Published 2018-11-19
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Chevy Dude
P.O. Box 99272
Louisville, Ky. 40269
You can contact me for sales related inquiries at ChevyDude.com
You can now find me at my own dealership in southern Indiana. My wife and I started Mike’s Car Store Located in Georgetown, In. Where Buying a Car Doesn’t Have to Suck™
We specialize in Late model Used cars for all types of buyers. If you have challenged credit we can definitely help you and ensure you don’t get scammed or pay too much. If you are a cash buyer or have excellent credit we will be glad to help you as well.
We are also specializing in our new Car Grabber service. If you are looking for a late model car and don’t want to contact a bunch of dealerships just to have them show you cars you didn’t ask for. We got you. Just head over to mikescarstore.com/ and tell us what you are looking for and we will get it for you.
All Comments (21)
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Too bad dealers can’t figure out that they could sell more cars and spend less on advertising if they were honest
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The Manufacturer should sell straight to the consumer and skip the dealer ship.......🥊
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NEVER TELL THEM YOU HAVE MONEY TO PUT DOWN. Settle on a price first then tell them you have money to put down
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Good to see Biff from back to the future turned over a new leaf and is helping folks out.
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After watching a bunch of your videos I’m about to the point of just walking everywhere as opposed to going through the whole car buying ordeal new or used
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I once walked into a car dealership at the ripe age of 21. Looking for a used car....looked up the kelly blue book before going to look at the car. I knew they got the car for less than kelly blue book. I had them marked so low on the deal. Played with them for about 30 minutes. Was not liking the price and walked away. As I walked away, he wanted to know if I wanted a job at the dealership. I said nope I already have a job and it is not a car salesman. The buyer holds the power and the object is only worth what the buyer is willing to pay for it. Happy car shopping everyone!
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The worst car accidents happen on the showroom floor
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Key advice. Never negotiate on the final payment, focus on all of the prices. When they come at you with final payment value, ask to see ALL of the numbers in the math. It helps if you are fully willing to walk away at anything regarding the price that makes you uncomfortable.
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When I had to negotiate as soon as the salesman acted like it was difficult I would tell them I'll give them time to figure it out and come back in 30 minutes, it flips the control from them to you.
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This makes me never want to buy a car again lol
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Never discuss a trade in or down payment until u have the price locked in
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I’ve been buying and leasing cars for years. I do a lot of research and calculations before even going to the dealer. I never put any money down. Not even taxes. And after making my mistakes along the way of which there were many, I’ve gotten to the point where I’m happy with the deals I get and don’t need to spend endless hours at the stealership
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If I’m putting down $4000 down on a 2010 4runner that’s $11500 and my payment per month is $319 for 36 months, that equals $11,484 in the end, so where’s my down payment going? 🤔
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And that’s why Tesla is so nice. You order what you want online... no other bs don’t have to deal with a dealership. Wish other companies started doing this but it wouldn’t be good for the car dealership industry
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My dealer actually limited me to $3000 down payment. It was bs, but the interest rate was .9% so I relented. Over 3 years of my loan I'll pay about $400 in interest, but I'll pay off the car in a year.
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Good grief! Purchasing a vehicle is so perilous I'll just use a skate board.
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Mr. Dude is being quite informative here but he doesn't outright state his conclusions - that the vehicle sales business employs shady practices and leasing is a scam.
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Best way to play their game is go in with YOUR out the door price and if they won't do it then move to another of the 5 billion dealers. Make sure you do your homework on the value of the cars you want for the year you want. And never play their skiing price always always cut it and NEVER COME UP WITH A PRICE First Ask THEM WHAT THEY ARE ASKING.. And if they won't give you a price first move to another of the 5 billion dealers. Remember you have the $$$ SO YOU HAVE ALL THE POWER!
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The last time I bought a car it went shockingly smooth. I called up, gave them the stock number of the car I was interested in, offered 15% less than MSRP on a Honda Civic, not really expecting them to agree, but they did. I was at the dealership when they unlocked the door the following morning. No problems, no games. The whole process took 90 minutes, and this was from a local dealer who many people do not like.
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Keep the dealer finance department out of the transaction. I finance with my own credit union. Saves a lot of hassles.
