LOL, someone please help me with Auto Dealer Speak

CPA

Elite Member
Nov 19, 2001
30,322
4
0
This is in response to an inquiry on a Dodge Durango. I thought the guy's response was kinda funny and very misleading all at once:


I have received the answer on your question:
Affiliate Reward Program exist for you!

Are you interested in a leasing program with a manufacturer guaranteed leasing end price?
You practically finance only a part of the purchasing price for the vehicle. Over ninety per cent of the trade-in vehicle is not never paid. With another word, ninety per cent of the trade-in vehicle is never really owned by the drivers. The average driver will trade his vehicle in three years from the date of purchasing. If you lease your vehicle, you can drive a NEW vehicle every three to four years. You can enjoy and benefit to the fullest of the new technology (convenience, life saving features etc...) and the improved economics that come with the new vehicle.

I will send you more information about the entertainment center today.


Thank you for your kind attention.

Best Regards,




XXXXX XXXXX-XXXXX
Sales Manager, Internet
Allen Samuels Dodge
21777 Katy Freeway
Katy, Texas 77450



His english needs some work. But what is funnier and the misleading part is trying to convince me that a car either still has 90% of it's value to be paid off after 3 years of car payments or you lose 90% due to depreciation (not sure what he is trying to say). Either way, that's ludicrous. Also, I know I am eligible for the Affiliate program, what I wanted from him was the price of the vehicle using the program. It is obvious he is trying to do an end around by getting me in a high-interest lease program, therefore offsetting some of the lost profit due to me utilizing the program.


 

CurtCold

Golden Member
Aug 15, 2002
1,547
0
0
"I have received the answer on your question:
Affiliate Reward Program exist for you!"

Take the entertainment center and run!

 

guyver01

Lifer
Sep 25, 2000
22,135
5
61
Over ninety per cent of the trade-in vehicle is not never paid.


:confused:


wtf does that mean??

 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: guyver01
Over ninety per cent of the trade-in vehicle is not never paid.


:confused:


wtf does that mean??

That's what I'm trying to figure out. :confused:
 

iamwiz82

Lifer
Jan 10, 2001
30,772
13
81
he could possibly trying to say that the interest in a car loan is the first thing to be paid off, so most of your early payments(first couple of years) go to interest. His numbers are off, but that could be his intention.
 

Cerebus451

Golden Member
Nov 30, 2000
1,425
0
76
Originally posted by: CPA
Originally posted by: guyver01
Over ninety per cent of the trade-in vehicle is not never paid.


:confused:


wtf does that mean??

That's what I'm trying to figure out. :confused:
He might be trying to state that 90% of the people who lease vehicles never buy them outright. That's a number I could believe.

EDIT: Ooops, I was looking at the other 90% quote. I think he might be trying to say that you never pay for 90% of the vehicle's value, which is not right.
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: iamwiz82
he could possibly trying to say that the interest in a car loan is the first thing to be paid off, so most of your early payments(first couple of years) go to interest. His numbers are off, but that could be his intention.


You are probably right, but even after 3 years of payments I would have well over 10% of the principle portion paid off. I think he is trying to intentionally mislead me to induce me to get into a lease.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
This guys is high. Why even do a lease? Right now cars have sh1t for residual because the economy is down thus your lease payments are higher. You can get half price thats a ~year old by going to the dealers auction which is what i did for both my superduty and buick.
 

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Sales tactic number 1)
Confuse customer so much that customer actually looses intelligence trying to understand your sales babble. Eventually the IQ decreases to a point where customer will buy car for insane amount.

#2) Confuse even more and ask if they want an extended warranty, threaten customer with horror stories of car actually running away and commiting mass car suicide.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
Originally posted by: CPA
Originally posted by: guyver01
Over ninety per cent of the trade-in vehicle is not never paid.


:confused:


wtf does that mean??

That's what I'm trying to figure out. :confused:

I think he's saying that most trade in's are either upside down, or still have a lien on them at trade in time.
 

OutHouse

Lifer
Jun 5, 2000
36,410
616
126
1. He is trying to confuse you.
2. Why in the world do you want to lease (rent) a car?
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: Citrix
1. He is trying to confuse you.
2. Why in the world do you want to lease (rent) a car?

I don't want to lease a car. He brought it out. My belief is that he is trying to recoup some of his lost profit from me using their supplier discount program.

 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: Carbonyl
Are you still thinking of the excursion? I so I implore getting the new deisel 6L. Reports are around 20-25 MPG!!! over at fordiesel.com by owners. I own the old 7.3L and get 22 while the V-10 gets about 10. http://forums.thedieselstop.com/ubbthreads/dosearch.php

I've actually come down to the Expedition, Durango and Tahoe, with the Montero a distant 4th. I have to test drive the Durango yet and that's where this reply came into play.

Another wierd thing, he said he wanted to schedule a time to show my trade-in to his wholesalers. I didn't think that was generally how it worked. Do I need fear the wholesaler?

 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Originally posted by: CPA
Originally posted by: Carbonyl
Are you still thinking of the excursion? I so I implore getting the new deisel 6L. Reports are around 20-25 MPG!!! over at fordiesel.com by owners. I own the old 7.3L and get 22 while the V-10 gets about 10. http://forums.thedieselstop.com/ubbthreads/dosearch.php

I've actually come down to the Expedition, Durango and Tahoe, with the Montero a distant 4th. I have to test drive the Durango yet and that's where this reply came into play.

Another wierd thing, he said he wanted to schedule a time to show my trade-in to his wholesalers. I didn't think that was generally how it worked. Do I need fear the wholesaler?

fear as in he going to give low trade in value on kbb. Yes. But you won't have to pay full sales tax this way on your new vechile purchase.

If you sell it outright (though the paper) you will get higher but trade in allows for New car price - trade in value= taxable amount.

But generall still it's better to sell to a private party.