If you were buying a new car tomorrow...

[BeanoNYC]

Boy are you wrong..cash is NOT king at a dealership. They make no money on the financing when you pay cash..they would rather you finance.

VW has a 2%/Base MSRP dealer holdback. Even if the dealer sold the truck at invoice, they still would make a quick $660 on the sale. If I'm the dealer and DMC comes in waving the Benjamin's, I'll take that bird in the hand.

 

[dmc]

Loved driving that car back from the dealer...

Fun to drive..

 

[wa-loaf]

Loved driving that car back from the dealer...

Fun to drive..

You can't walk into a dealer and drive out with a car the same day in MA.

 

[BeanoNYC]

You can't walk into a dealer and drive out with a car the same day in MA.

Really? What's the reasoning behind that?

 

[wa-loaf]

Really? What's the reasoning behind that?

No temp plates, you gotta have the thing registered and insured before you go anywhere. There's a whole side business of runners who go and take care of things at the registry. You can do it yourself, but for 10 - 15 bucks the dealer will send the runner. It still takes at least a day to have it ready.

 

[BeanoNYC]

No temp plates, you gotta have the thing registered and insured before you go anywhere. There's a whole side business of runners who go and take care of things at the registry. You can do it yourself, but for 10 - 15 bucks the dealer will send the runner. It still takes at least a day to have it ready.

Interesting. I've never seen temp plates in NY actually. I've had them switch plates from my trade in before. Wonder if dealers can keep a stock of plates on hand for sales here. Camp would know for sure.

 

[dmc]

No temp plates, you gotta have the thing registered and insured before you go anywhere. There's a whole side business of runners who go and take care of things at the registry. You can do it yourself, but for 10 - 15 bucks the dealer will send the runner. It still takes at least a day to have it ready.

I got my insurance company in touch with the car dealer - insurance went down without a problem. calls and faxes - I just delegated.. and why not.? I pay for the service... Let them deal with it..

Walked out with plates, a temp registration and a faxed insurance card... Jumped in and drove off... Everything went pretty smoothly through the whole process..

 

[dmc]

Interesting. I've never seen temp plates in NY actually. I've had them switch plates from my trade in before. Wonder if dealers can keep a stock of plates on hand for sales here. Camp would know for sure.

They must...

 

[Paul]

I've done same-day deals here in CT a few times.Switch reg, new reg, didn't matter. Insurance et al was all over the phone. The only reason we didn't do my wife's Mini yesterday was because we drove there seperately and didn't want to leave a car behind to come pick-up later.

The dealer himself doesn't make any more on financing than he would on a cash sale. That's all for the big boys.

 

[Philpug]

VW has a 2%/Base MSRP dealer holdback. Even if the dealer sold the truck at invoice, they still would make a quick $660 on the sale. If I'm the dealer and DMC comes in waving the Benjamin's, I'll take that bird in the hand.

But you would rather them finance. I never said dealers won't take ca, but they would rather you finance. If Cash was King..Financing is the Ace. At the same deal you mentioned, if you financed with them, even at "buy rate", they would make another $2-400.00 minimum.

 

[campgottagopee]

Boy are you wrong..cash is NOT king at a dealership. They make no money on the financing when you pay cash..they would rather you finance.

True

 

[campgottagopee]

But the owner can keep the cash and keep the sale off the books....right??

Yeah, right---we love meetings with the IRS

 

[campgottagopee]

Ha, who do you think owns the inventory? The dealer? no, he floorplans them with banks. Cannot keep the sale off the books, what about sales tax? that needs to get paid. Warranty registration, ect.

The manufactors require dealers to have floorplans--just easier. Any good biz man uses the "banks" money instead of their own. No need to tie up all that cash, let your money make money. Our accounts are "swept" every nght to make us money.

 

[campgottagopee]

VW has a 2%/Base MSRP dealer holdback. Even if the dealer sold the truck at invoice, they still would make a quick $660 on the sale. If I'm the dealer and DMC comes in waving the Benjamin's, I'll take that bird in the hand.

That's true 99% of the time. Very few cars we "dealers" can hold on to for "big bucks", obviuosly it's a supply and demand thing. For example; Nissan Skyline GTR, good luck buying that car anywhere near MSRP. Most will be going for 10-15k over that.

 

[BeanoNYC]

But you would rather them finance. I never said dealers won't take ca, but they would rather you finance. If Cash was King..Financing is the Ace. At the same deal you mentioned, if you financed with them, even at "buy rate", they would make another $2-400.00 minimum.

Well...either way, I never discuss how I'm paying for a car when negotiation price. As soon as that 4 box sheet comes out, I tell them to put it away. I like to talk straight up numbers with them. After we agree on a price, then we work out trade and payment options. Good or bad? I don't know. It's just the way I feel comfortable during the buying process.

 

[campgottagopee]

You can't walk into a dealer and drive out with a car the same day in MA.

Never heard that before, why???

 

[campgottagopee]

No temp plates, you gotta have the thing registered and insured before you go anywhere. There's a whole side business of runners who go and take care of things at the registry. You can do it yourself, but for 10 - 15 bucks the dealer will send the runner. It still takes at least a day to have it ready.

Never mind:dunce:

 

[BeanoNYC]

Never heard that before, why???

didn't have your morning coffee yet?

 

[BeanoNYC]

Never mind:dunce:

You'll have your 1000 posts in no time if you keep that up!

 

[BeanoNYC]

Nice poker shades, DMC: