YACT can someone please explain dealer holdback ?

[leeland]

Originally posted by: waggy

Originally posted by: NutBucket

Originally posted by: waggy

Originally posted by: NutBucket

Originally posted by: waggy

Originally posted by: NutBucket

Originally posted by: AmigaMan
Honda and Toyota stealerships are about the same as far as dealing. Domestic makers seem more willing because they don't sell as well. Just stick to your guns and if they don't counter offer or you just don't like the prices you're getting, WALK AWAY! Also, if they test drive your car, DO NOT LET THEM KEEP YOUR KEYS! I made this mistake and they kept me there forever. I finally got them to go down in price and got my truck, but it was a mental error on my part. If you have your keys, you can walk out at any time.

Why the f would you give the dealer your keys?😕

how else are they going to test drive it, etc?

Huh? The dealers around here ask for your driver's license😕 No way I'd hand my keys over to a dealer. Unless you're talking about test driving it without a salesman.

uhm. i think you are confused.


When trading in a car how do you expect them to give a price? they need to look at it and drive it etc. to do that they need your keys.

Oh. Well I'd be crazy to trade mine in. I thought you usually discussed price before doing anything regarding the trade in.

as you should.

you should have 2 deals when buying a car. the price of the car you are buying and the price of the trade-in.

As i was trying to explain (must not be clear). The dealer needs the keys to your car to test drive it/check options/etc so they can get a dealer price for the car.

A tactic they use is to hold the keys so you can NOT leave (this is what Amigaman was getting at).


Hopefully this is clear enough.

Now that your issue is finally cleared up 🙂 anyone care to comment on how my reasoning looks in my last post concerning the issue of dealer holdback and how it impacts the price of the car ?

Leeland

 

[rahvin]

And if they won't give you your keys back after you ask for them back you call the police and tell them you are being held against your will. Refusing to give you your keys is illegal.

 

[AmigaMan]

I was actually using it against them too. I wanted the truck, but I didn't want it at the price they were asking and my tradein was too low. So I asked for my keys back every now and then when I felt they weren't giving me what I wanted. The salesman would then go back to his sales manager and talk about the weather and come back with a lower price, and on and on and on. It's a game, and I was playing just as well as they were. I really didn't want to leave, because I felt I could get them to come down more.
Now, if I was really ready to leave, I'd have gone over to the sales manager and asked for them back myself or I would have started to cause a scene. <Bruce Banner>They wouldn't want me to get mad...</Bruce Banner>