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Article #22288Re: (Repost) The ONLY way to buy a car!
From: Michael Zimmers
Date: Wed, 24 Jun 1992 20:57
Date: Wed, 24 Jun 1992 20:57
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6878 bytes
In article <1992Jun23.215830.1@euler.claremont.edu> dhosek@euler.claremont.edu writes: >In article <2gql2ca.mzimmers@netcom.com>, mzimmers@netcom.com (Michael Zimmers) writes: >> This is a repost necessitated by some net.vandal who cancelled >> the original post this weekend. >Or perhaps someone who felt that it looked too much like an ad... There must have been quite a few posts looking like ads last Sunday. There was a long list of victims. I guess to avoid any further innuendo such as this, I ought to make the obligatory disclaimer that "I have no pecuniary interest in Car Bargains or Consumer Checkbook other than I want them to still be around when I make my next purchase." Nuff said? >> I want to pass along what has simply *got* to be the best way to buy >> a new car/truck. It's run by a not-for-profit group known as Consumers' >> Checkbook, and it's called Car Bargains. Here's how it works: >> >> 1. Call them at 800 475 7283 and give them the make and model of the >> car you're interested in. At this time you'll also need to square >> away a payment of $96 to them (this can be done via credit card). >They're charging you 96 bucks for this service? Doesn't sound so >great to me. Open your mind up a bit. They got me a bid for $700 less than the best deal I could strike with a leasing broker or a fleet manager. >> 2. Within ten working days, they'll furnish you with bids for a markup >> commitment from at least five local dealers (in my case they got 11). >> These bids include the charges for destination, advertising allowance, >> document fees, and surcharges for getting a car from another lot, or >> ordering one from the factory. Near as I can see, there are no >> variables left for them to juke you with. >Two weeks, an awful long time to wait. In my case it was actually six working days. If you've planned ahead and aren't desperate for a new car (which is the wrong position to be in to drive a bargain) an extra week or two isn't a big deal. >Let me offer an alternative way which is probably better: Check >with you local AAA, membership warehouse, credit union, etc. to >see if they have a program where you can deal with fleet managers >(Auto Club of So Cal and Pace Membership Warehouse both offer the >service). If you aren't a member of the appropriate group, >joining is likely to be less than $96 and will carry other >benefits (e.g., emergency road service, the priviledge to buy >salsa by the gallon). If you don't have access to an org which >can give you a referral, don't sweat it... I doubt that any fleet >manager would turn away your business. I don't see how this approach is "better". You have no basis for knowing whether you can come within $100 of CB's price acting on your own. I, on the other hand, have concrete evidence that CB saved me over $600. >Before you get the referral slips, find out what kind of car you >want. Read Consumer Reports or whatever other sources of >information you can get a hold of. Stop by the appropriate >dealership(s) and get the glossy brochure. This is useful if only >to give you some idea of what the options and colors are. Decide >what you want from this, but be flexible. (E.g., I wanted a >silver Miata with ABS. There was none to be had so I settled for >white.) This might be avoidable via CB. In order to keep my post size down, I omitted a detail that the bids include the dealer's charge to get a model with the desired color and options from another dealer, and the charge to order from the factory. In the case of the dealer whom I selected, both services were offered at no additional charge. >You'll contact the dealership yourself and talk to the fleet >manager. Tell him or her (a little under half of the fleet >managers I talked to were female... a much better fraction than >you'll see walking the floor) what you want and they'll be able >to give you prices over the phone (some may want you to come in >for the price, although generally it's more likely they don't >want to deal with you in person until you're ready to commit to a >purchase). The price quotes I got were the invoice price plus >markup plus taxes etc. Thus it was easy to tell who had the best >price since I knew exactly what the markup was. And yes, options >are at invoice price. The edge that CB gives you is that they *inform* the dealer that they are participating in a competitive bid process. This would seem to give the dealers a bit more incentive to become reasonable. >End result: I paid four or five hundred (I forget which) over >invoice on a 92 Miata in February. Is it possible to do better? So you paid about the same markup on a $14,000 car that my friend using CB paid on a $25,000 car. I wish we had more data points, but my suspicion is that that $96 more than pays for itself in most cases. I flat-out *know* it did in my case. >Yes. I could probably have cut that down to 300 over talking to >the sleaze on the floor and the manager, but it was worth a >couple hundred bucks to me just to avoid dealing with them. Amen. Another thing I liked about CB was the on-paper comparison of nearly a dozen Mazda dealers. I found who was the more competitive (turned out to be those further from the Bay Area), who were the more stubborn (Almaden Mazda did a no-bid) and who were the jerks (Glen Rieken of Oak Tree Mazda in SJ told CB to "go to hell". I've met him and he's a real jerk.) Anyway, there appear to be two ways here to buy a car. I can't say that using CB is better than going to a fleet dealer directly, but it sure was in my case. Perhaps anyone using the service will be kind enough to volunteer their data point as well? -- Michael Zimmers | Home: 408 996 1984 SoftHelp | Work: 408 996 1965 Software Solutions for Open Systems | Data: 408 996 1974
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,4462a2791a2ef571 X-Google-Attributes: gid106ed4,public X-Google-Thread: f604a,5f7671ab84b9af31 X-Google-Attributes: gidf604a,public X-Google-Thread: 10a2ec,4462a2791a2ef571 X-Google-Attributes: gid10a2ec,public X-Google-ArrivalTime: 1992-06-24 09:28:52 PST Path: arc1-ca.pugleaf.net!sparky!uunet!zaphod.mps.ohio-state.edu!uakari.primate.wisc.edu!ames!decwrl!csus.edu!netcomsv!mork!mzimmers From: mzimmers@netcom.com (Michael Zimmers) Newsgroups: ca.general,rec.autos,misc.invest Subject: Re: (Repost) The ONLY way to buy a car! Message-ID: <g0rlgdr.mzimmers@netcom.com> Date: 24 Jun 92 20:57:53 GMT References: <2gql2ca.mzimmers@netcom.com> <1992Jun23.215830.1@euler.claremont.edu> Organization: Netcom - Online Communication Services (408 241-9760 guest) Lines: 120