We bought a new car -- and the dealer is a dumbass

[ducatiz]

that's punny. 

[redxblack]

Please post an audio recording of any telephone response to the dealer. I can imagine you telling them how you're a happy customer not looking to renegotiate his purchase.

[ducatiz]

Please post an audio recording of any telephone response to the dealer. I can imagine you telling them how you're a happy customer not looking to renegotiate his purchase.

i got one phone call and basically told them i'd look at whatever they wanted to send me, but unless they had a document my wife signed which said "I HEREBY CHOOSE OPTION B) FINANCING AND RELINQUISH ANY RIGHT TO OPTION A) (CASH BACK)" that they could pound sand. 

he said "well.. uh... let me get back to you." 

I am not set up to record, I should be.  Most of my clients are Maryland, which has queer phone record laws.

[ducatiz]

So here is the incentives they "stuck" us with:

http://www.kia.com/#/sorento/offers/

We only knew about the 0% offer from the TV ads, nothing about $1000 cash back. 

But I want to reiterate:  We >>love<< this car.

[Raux]

ok i think i figured this one out.

the dealer has a 3% holdback on the truck. so in essence you didn't cost them money, but they didn't make a profit. BUT they did get a car off the lot, which saves them money on inventory financing.

so don't feel bad for them.

[junior varsity]

But at the end of the day, we negotiated a deal, signed, sealed and delivered it.

Don't feel bad at all! Contract construed against the drafter! - their fault for not triple checking everything when they hold all the cars compared to the 'unsophisticated' consumer (i'm not calling you unsophisticated, but you already know that..., i mean, the general class of consumers)

This is a first semester K law "super win!"

[ducatiz]

Don't feel bad at all! Contract construed against the drafter! - their fault for not triple checking everything when they hold all the cars compared to the 'unsophisticated' consumer (i'm not calling you unsophisticated, but you already know that..., i mean, the general class of consumers)

This is a first semester K law "super win!"

I used that exact phrase when I spoke to the sales mgr who called -- his response was "huh??" .. I ratcheted down the law school-speak so I wouldn't give it away that I knew where I stood.

[junior varsity]

That's really fantastic. They'd be estopped from changing the terms on you after the drafting/signing.

As the great David Epstein taught me, Contractual Modification is not like Masturbation! IT TAKES TWO!

[cyrus buelton]

Dealers aren't all stupid, neither are the manufacturers.

Consumers "can" be dumb too.


0% financing or 5,000$ cash back.


Which would you take?


Better run your payment calculations...........usually the cash back is the better option, but not always.

[Triple J]

Awesome story!  

I guarantee that dealer has never called back a car buyer and explained that they screwed them over big time...but I'm sure they have screwed their share of car buyers over. Nice to see the buyer win one.  

...and no that isn't car dealer bashing. Dealers try to get the best price for themselves, as do consumers. The problem is those two prices are the opposite of each other. That's why negotiation is fun.  

I'd let them do vehicle service if you liked the place. The service guys won't have a clue about the car purchase conditions.

[TAftonomos]

Car dealers are MONKEYS 

[derby]

Better run your payment calculations...........usually the cash back is the better option, but not always.

yup...  http://www.wheatworks.com/free-loan-calculator.htm

[ducatiz]

Dealers aren't all stupid, neither are the manufacturers.

Consumers "can" be dumb too.


0% financing or 5,000$ cash back.


Which would you take?


Better run your payment calculations...........usually the cash back is the better option, but not always.

0% financing on what amount? 

you won't see anyone offering $5k on a $30,000 car.

[cyrus buelton]

0% financing on what amount? 

you won't see anyone offering $5k on a $30,000 car.

It was a random number I came up with in my head; no truth or logic to it at all.

Ok, more realistic in your case would be 1-2500k off.

sometimes, based on loans, it is better to take the money off then the 0% financing.

However, not applicable in your case.


Was just throwing it out there to other car buyers to crunch your numbers before you sign your name.



Financing through a dealer can actually yield a better rate than going to your Bank.

I bank with Chase. When I bought my new to me used car last year, I checked Chase rates as well as a few other banks on used cars.

The rate I got at the dealer was better than any of those rates.

I ended up with a Chase Loan anyway.


Bulk buying power = lower interest rates.


Moral of buying and financing anything: RESEARCH

[ducpainter]

Car dealers are MONKEYS