Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: Gordogato Big red star, 1000 posts Old School Fool Ticker Guide CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71119  
Subject: Re: Saturday, I did not buy a car Date: 12/3/2008 1:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
Thanks for all the comments about my story. The way we were shopping, we were e-mailing dealers (or using their website contact forms) and asking them for their best out-the-door price offer on the car we wanted. We ended up with 3 prices within $300 of each other, so rather than waste time trying to nickel and dime the finalists down, we just went with the best price. We didn't do a second round of getting dealers to bid against each other. In the end, after taking a step back and a deep breath, we decided we don't really need this luxury right now, so we're not pursuing anything with the dealer in the story. But they won't be in the running when we repeat this process next time.

I think part of my point in posting (other than venting) is that the economy has changed, and the internet is helping consumers get a more complete pricing picture than they could have had a few years ago. Every dealer has a website with a contact form and an "internet sales manager" position now. E-mailing 25 dealers is faster and cheaper than faxing 10 dealers (the method of choice when I bought my last car in 2001), and significantly better than going in person to 3 dealers and hoping for the best (which I did for my first car in 1993). We also used the Edmund's CarSpace forums (http://www.carspace.com/) where people post the final prices and deals they are getting from dealers around the country to get an idea of what price we should hold out for.

The business climate is changing... the economy is slowing, people are spending less on non-essentials like new cars, and well-informed customers can be more in control of the buying process than before. Dealers who recognize and adapt will probably do ok, those who try to play the same old clearcoat and pin-striping games hopefully will not survive.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next

Announcements

Beware Flood-Damaged Cars
Know what you are getting, don't get stuck with a Katrina victim. Check these links before you buy.
Disclaimer - Please Read
A message about professional advice.
Post of the Day:
Value Hounds

Nu Skin Showing its Age?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement