Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
New Car purchase
Old 09-14-2020, 04:40 PM   #1
Recycles dryer sheets
 
Join Date: Nov 2015
Posts: 68
New Car purchase

I bet you were expecting a "I purchased a new car today ect" sorry this is about my trials of leasing a new vehicle. I sent out of 8-10 what I call a request for quote. I laid out what I was looking for and the term of the lease.
You would not believe the number of dealers who didn't respond or invited me to come in for a test drive. First: I'm looking to lease the same vehicle I own now so I don't need a test drive. Second: Is it that hard for dealers today to do business via email and/or text and not in the showroom. I included a paragraph telling dealers I don't need a test drive, or want to have coffee & talk. I read recently that Mark Cuban set a Guinness record purchasing a jet completely on line. He spent probably somewhere in the 15-30 million for the plane. I can't even get a complete quote for a lousy $20000. Why can't auto dealers come into the 21st century of sales?
Bflotomny is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-14-2020, 04:45 PM   #2
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 11,882
Quote:
Originally Posted by Bflotomny View Post
I bet you were expecting a "I purchased a new car today ect" sorry this is about my trials of leasing a new vehicle. I sent out of 8-10 what I call a request for quote. I laid out what I was looking for and the term of the lease.
You would not believe the number of dealers who didn't respond or invited me to come in for a test drive. First: I'm looking to lease the same vehicle I own now so I don't need a test drive. Second: Is it that hard for dealers today to do business via email and/or text and not in the showroom. I included a paragraph telling dealers I don't need a test drive, or want to have coffee & talk. I read recently that Mark Cuban set a Guinness record purchasing a jet completely on line. He spent probably somewhere in the 15-30 million for the plane. I can't even get a complete quote for a lousy $20000. Why can't auto dealers come into the 21st century of sales?
A lease should be pretty straightforward.. Could be they want you in the "chair" to try to upsell you into a more expensive vehicle.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline   Reply With Quote
Old 09-14-2020, 05:04 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
DFW_M5's Avatar
 
Join Date: Sep 2003
Location: DFW
Posts: 6,110
Might want to try a leasing company other than the dealer.
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 09-14-2020, 06:01 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 15,481
Heck, a few years back I sent out like 45 requests all over the state of Texas... got a response back from all but IIRC 2...


Almost every one quoted me a price on a different color or option list... but if they had a good price I asked about the specific one my sister wanted...


Got many offers back.... but the funny thing is that I found out there were 2 (yes TWO) of the cars she wanted in the state... one was sitting at the dealership she normally goes to...



SOOOO, in the end they agree with the lowest price given by another dealer... we go in to sign all the paperwork and find out that... IT HAD BEEN SOLD earlier that day..... so they sold us the other one in the state that was up near Dallas... they sent someone up there to drive it back...



To make it ever stranger, that was the dealership that had the lowest price!!


My sister was against it at first, but I said either they drive it back or WE drive it back... we let them...
Texas Proud is offline   Reply With Quote
Old 09-14-2020, 06:34 PM   #5
Recycles dryer sheets
 
Join Date: Jul 2019
Posts: 81
With covid the workerforce for all car makers were reduced. Both new and old cars are on high demand in general. You can still get good deals on certain luxury vehicle's or EVs (e.g. chevy Bolt, no fed credits any more though) from old stocks but you may find it harder to find a good deal in popular models. The Truecar price are not tracking the market in realtime so it won't help much.

It is just a bad timing to buy or negotiate deal on a car now.
teetee is offline   Reply With Quote
Old 09-14-2020, 06:38 PM   #6
Recycles dryer sheets
 
Join Date: Nov 2015
Posts: 68
Quote:
Originally Posted by teetee View Post
With covid the workerforce for all car makers were reduced. Both new and old cars are on high demand in general. You can still get good deals on certain luxury vehicle's or EVs (e.g. chevy Bolt, no fed credits any more though) from old stocks but you may find it harder to find a good deal in popular models. The Truecar price are not tracking the market in realtime so it won't help much.

It is just a bad timing to buy or negotiate deal on a car now.
I have heard mixed reviews of Truecar and other sites purported to offer the lowest number. Somewhere I read that Truecar was tied to the manufacturers and the prices were set by them.
Bflotomny is offline   Reply With Quote
Old 09-14-2020, 07:57 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 4,236
In a previous life, I managed some of the larger auto/truck fleets in the U.S. And I also taught dealership personnel how to sell leasing to retail customers.

The common, everyday car salesman is just not completely versed on how to figure the payments on leases. Same goes with internet sales departments. They just didn't want to go to their sales desk to get one of the managers or to their rental department to figure a lease payment.

Remember that most leases quoted are being quoted at MSRP price--very profitable to the dealership. But the dealer is free to reduce the "Acquisition Price" substantially and thus reduce the payments.

Never pay the first payment they quote you. Depending on the retail vs. dealer cost spread, they can always lower the payment $50 a month--or more. And as a previous lease customer, ask for waiver of the security deposit.

You might want to call the dealership directly and explain the situation to the Lease Manager. He can maybe bypass the sales dept. and keep the deal for himself.
Bamaman is offline   Reply With Quote
Old 09-14-2020, 10:55 PM   #8
Full time employment: Posting here.
 
Join Date: Sep 2017
Posts: 627
Quote:
Originally Posted by Bflotomny View Post
I bet you were expecting a "I purchased a new car today ect" sorry this is about my trials of leasing a new vehicle. I sent out of 8-10 what I call a request for quote. I laid out what I was looking for and the term of the lease.
You would not believe the number of dealers who didn't respond or invited me to come in for a test drive. First: I'm looking to lease the same vehicle I own now so I don't need a test drive. Second: Is it that hard for dealers today to do business via email and/or text and not in the showroom. I included a paragraph telling dealers I don't need a test drive, or want to have coffee & talk. I read recently that Mark Cuban set a Guinness record purchasing a jet completely on line. He spent probably somewhere in the 15-30 million for the plane. I can't even get a complete quote for a lousy $20000. Why can't auto dealers come into the 21st century of sales?
Call me crazy, but I bet if you were spending 15-30mm, they’d get you a complete quote stat!
tb001 is online now   Reply With Quote
Old 09-15-2020, 12:09 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 15,935
Must be a sign of the Covid times as I’ve only bought cars based on internet quotes (AutoBytel, Edmunds, Costco, etc.) for the last twenty years, and never had a shortage of quotes to choose from. And every time I’ve taken the best internet quote and gotten a better deal by taking that to a dealer and asking them to beat it, every time. I don’t cars about dealers who aren’t interested in quoting or dealing, they’re choice. Of course if you’re trying to buy a make/model that’s in very high demand/short supply - they will make you come in as they have more buyers than cars. I’ve never leased so maybe that’s a different story
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 40% equity funds / 35% bond funds / 25% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is online now   Reply With Quote
Old 09-15-2020, 02:56 AM   #10
Recycles dryer sheets
wrigley's Avatar
 
Join Date: Nov 2008
Location: Jacksonville
Posts: 451
Quote:
Originally Posted by Bflotomny View Post
I bet you were expecting a "I purchased a new car today ect" sorry this is about my trials of leasing a new vehicle. I sent out of 8-10 what I call a request for quote. I laid out what I was looking for and the term of the lease.
You would not believe the number of dealers who didn't respond or invited me to come in for a test drive. First: I'm looking to lease the same vehicle I own now so I don't need a test drive. Second: Is it that hard for dealers today to do business via email and/or text and not in the showroom. I included a paragraph telling dealers I don't need a test drive, or want to have coffee & talk. I read recently that Mark Cuban set a Guinness record purchasing a jet completely on line. He spent probably somewhere in the 15-30 million for the plane. I can't even get a complete quote for a lousy $20000. Why can't auto dealers come into the 21st century of sales?



You never mentioned which vehicle you are looking for. The ones that didn't respond probably don't have that car on their lot. Most dealerships (at least where I live) are not getting in any new inventory. If you want to purchase/lease a car now, you can pick from what they have on their lot.


Mike
wrigley is offline   Reply With Quote
Old 09-15-2020, 03:49 AM   #11
Recycles dryer sheets
 
Join Date: Jul 2015
Posts: 272
Quote:
Originally Posted by Bflotomny View Post
Why can't auto dealers come into the 21st century of sales?
I would make the point that you are looking to legacy companies to satisfy your legacy tastes using up-to-date (advanced?) technology.

Solution: Look for a state-of-the-art car company (Tesla) to satisfy your modern taste (Tesla) by selling you a car using up-to-date technology (Web/phone, NO dealership). You can literally buy one in less than 5 minutes.
clobber is offline   Reply With Quote
Old 09-15-2020, 07:23 AM   #12
Dryer sheet aficionado
 
Join Date: Aug 2012
Posts: 43
What make of car? Certain brands (Kia in particular) are notorious for their old school, "get the butt in the chair" mode of selling.

To solve your problem, I believe you have one of three options:

- Resend your message, but request a total sale price, as if you were a standard cash/finance customer. Bet a few respond. With the "cap cost reduction" already figured, you can now deal with the money factor (interest rate on the lease) with the finance department.

- increase your net to other states. Hey, you have time, right? A five hour drive to save $2000 can be money well spent. Or, roll the savings in to having the car delivered to you. A friend did a nationwide search for a Porsche Cayenne, and bought from a dealer in Phoenix - had it trucked to North Carolina.

- employ a broker - let them deal with the annoying dealers, you sit back and sign papers.
OddGuy is offline   Reply With Quote
Old 09-15-2020, 07:27 AM   #13
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 4,467
Never had this problem and I have leased my last 9 cars. The latest being a 2020 VW SEL Tiguan R-Line .

I sent out 3 emails, to 3 ~local dealers. Got a response from each. Called each one back individually, got a "Rough" quote over the phone. Plugged the numbers into my spreadsheet, called back with my Minimum Lease Requirements.

After 3 weeks I had a new VW Tiguan for $375pm., 36 months, 0% money Factor, $0 Down, Including First months Payment and Title & Plate.

I did the same with my last BMW, but that lease was a little more, but still with $0 down.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is offline   Reply With Quote
Old 09-15-2020, 07:50 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Apr 2011
Posts: 3,067
Don't know that buying on line vs. leasing on line are the same experiences.
gerntz is offline   Reply With Quote
Old 09-15-2020, 08:26 AM   #15
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 1,956
If leasing, deal with the deal maker. Most contacts you'll find is an internet sales person. Leasing is not their expertise. I had success in writing to a handful of GM's at the dealership, they got the ball rolling.
bobandsherry is online now   Reply With Quote
Old 09-15-2020, 09:15 AM   #16
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 16,095
Quote:
Originally Posted by Bflotomny View Post
I bet you were expecting a "I purchased a new car today ect" sorry this is about my trials of leasing a new vehicle.
Probably a good thing to keep in mind for the future. A more descriptive thread title, maybe something like "Problems with online car lease quotes", would likely have received more attention.

I think we could all do a better job with the titles of threads we create.
__________________
I thought growing old would take longer.
braumeister is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
BBB Arbitration Agreement for new car purchase? ERD50 FIRE and Money 7 07-27-2011 03:34 PM
How much does car color play a part in your car purchase decision? easysurfer Other topics 37 05-14-2011 09:10 AM
New Car Purchase........just because? wrigley Other topics 22 12-14-2008 07:10 PM
New car, old car, same car? cute fuzzy bunny Other topics 74 06-15-2006 04:27 PM
Used Car Purchase ferco FIRE and Money 5 02-25-2005 03:27 AM

» Quick Links

 
All times are GMT -6. The time now is 09:20 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.