I'm looking into buying a used car and was curious about negotiating. Is asking the dealer to cover TT&L a possibility or is that pushing it? Also how much wiggle room do you normally have on the price when the vehicle has been sitting on the lot for 2 months? Thanks in advance. Also any other tips would be great.
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Depends on the year of the car and the type of lot. Generally the bigger ones are going to be gouging the price more than the smaller ones. On a cash sale with the older crap that I have, I look to clear $500-$1500 on the sale, with an average somewhere around $800. As you can see, not much wiggle room.
You go to a crappy little lot, I wouldn't expect much as they're likely sitting at bottom dollar. If you go to a place like Safebuy or Carmaxx, then you might be able to get a discount, especially if you're waving $100 bills.
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I didn't think Carmax would neg on price at all.Interested in being a VIP member and donating to the site? Click here http://dfwmustangs.net/forums/payments.php
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The TT&L goes to the state of Texas, so we never "cover the TT&L" where I work. Example: if we sold a car as an "out-the-door" price of $20,000, we would have to figure out what the actual sale price would be, do the math and write up all of the figures to show the break down of all of the taxes, fees, etc. and our $20k car just turned into a sub-$19k car.
The amount of negotiating usually depends on the vehicle. If it's something I've had advertised for two days and I've already gotten 30 phone calls and emails, I'm firm as hell on the price because SOMEONE will buy it. If it's been sitting in the back warehouse for 4 months and I've gotten 5 calls on it, I'll be a little more willing to negotiate on the price to get it out and get something fresh in it's place.
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Originally posted by Shaggin Wagon View PostCrash, what percentage down does banks want down to finance a classic car, say a 25k 57 Chevy belaire? If I remember correctly, you sell classic cars.
The two companies that we typically refer customers to usually require 10% down for anyone with good credit. I think about the minimum credit score they will work with is 650-ish. I've seen them require 20% down before, but for the most part 10% is standard.
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Originally posted by Shaggin Wagon View PostOkay, Im hoping in a year or so to to find a 57 to buy. I Googled some funding places, but they want you to apply before you can get more info and I don't want to ding credit. On ussa, do you have to be former military to get their financing?
We see a lot of classics being financed by JJ Best Banc and Woodside Credit.
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