Garfieldhello
Well-Known Member
Re: Beware of this Car Dealer
DIY is easy?
DIY is easy?
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Beware of this Car Dealer
- Thread starter panaracer
- Start date
Re: Beware of this Car Dealer
Sorry to hear about the crooked case here.
I always believe there're black sheep everywhere. Am sure there're still some good dealers out there who are ethical & trustworthy.
Have been trying to sell my CT9A for the last 2 months and calls from dealers are all rejected. Why? Price is not right. After owning 3 cars and being through countless times for these transaction procedures, it's best if you can sell to a direct buyer and get a bit more out from the selling price by doing all these procedures yourself.
Today finally agreed a deal with a buyer and I've told him, he will only get the car after I've got the deposit, his finance company settled the outstanding loan amount, and the balance to be passed over to me in cashier order.
And to all who are selling their cars to dealers/direct buyers, it's as simple as this; Cash/ Cashier Orders on hand, hand over the car keys. Nothing else. Whatever agreement or stories are just BS as too many unethical dealers or buyers out there.
Sorry to hear about the crooked case here.
I always believe there're black sheep everywhere. Am sure there're still some good dealers out there who are ethical & trustworthy.
Have been trying to sell my CT9A for the last 2 months and calls from dealers are all rejected. Why? Price is not right. After owning 3 cars and being through countless times for these transaction procedures, it's best if you can sell to a direct buyer and get a bit more out from the selling price by doing all these procedures yourself.
Today finally agreed a deal with a buyer and I've told him, he will only get the car after I've got the deposit, his finance company settled the outstanding loan amount, and the balance to be passed over to me in cashier order.
And to all who are selling their cars to dealers/direct buyers, it's as simple as this; Cash/ Cashier Orders on hand, hand over the car keys. Nothing else. Whatever agreement or stories are just BS as too many unethical dealers or buyers out there.
Re: Beware of this Car Dealer
Wow, sorry brother to hear about your bad experience. Yes there are many unscrupulous car dealers that my Dad calls "Fly By Night" Kings. So beware! In general, if you can help it, DO NOT go to any dealers in commonwealth car mart which is a really small and cramped place. Many of the dealers there are really questionable. I had a real bad experience there , and it was lucky i took my cousin along. They lie about the condition of the car etc.
I think there are more established dealers in the market that I am sure fellow forumers can recommend. I buy and sell my car through my cousin's agency and both him and my Dad has been in the car business for many years so I am lucky i never have to deal with such dangerous dealers which can be a financial and mental heartache at times.
I think if you can, when you are buying a car, you request the agent to send the car to STA Inspection to ascertain that the car is accident free and is functioning ok. Each inspection is 30 dollars or so. A lot of dealers claim the car is their mother's/sister's/brother's/uncle's and they are out of country so i witness recently when I bought my car so it was an interesting experience.
So if anyone wants recommendations on agents that are trustworthy, you can PM me and I can provide a few that my Dad deals with for over 20 years. My dad has been in the principal auto line for 30+ years so that's why I learn a lot from them haha.
Wow, sorry brother to hear about your bad experience. Yes there are many unscrupulous car dealers that my Dad calls "Fly By Night" Kings. So beware! In general, if you can help it, DO NOT go to any dealers in commonwealth car mart which is a really small and cramped place. Many of the dealers there are really questionable. I had a real bad experience there , and it was lucky i took my cousin along. They lie about the condition of the car etc.
I think there are more established dealers in the market that I am sure fellow forumers can recommend. I buy and sell my car through my cousin's agency and both him and my Dad has been in the car business for many years so I am lucky i never have to deal with such dangerous dealers which can be a financial and mental heartache at times.
I think if you can, when you are buying a car, you request the agent to send the car to STA Inspection to ascertain that the car is accident free and is functioning ok. Each inspection is 30 dollars or so. A lot of dealers claim the car is their mother's/sister's/brother's/uncle's and they are out of country so i witness recently when I bought my car so it was an interesting experience.
So if anyone wants recommendations on agents that are trustworthy, you can PM me and I can provide a few that my Dad deals with for over 20 years. My dad has been in the principal auto line for 30+ years so that's why I learn a lot from them haha.
Last edited by a moderator:
bayerische
Well-Known Member
Re: Beware of this Car Dealer
what happened to bingjie?
what happened to bingjie?
Re: Beware of this Car Dealer
well, regarding the car dealer's scene, it goes both ways, sellers want to sell the car priced as advertised, and dealers want to buy in at price which is not reasonable. Which is true actually? In good dealers(as in do everything nice nice), spray the car, do minor servicing, willing to let you take the car to your personal workshop to check, and worse is car park there don't sell, all that stuff. Its all cost. So where to find the profit margin 10- 20k? at most they earn is 3 - 4k depending on loan commision and profit of the car.
i'm not a dealer but have friends that are. bought my rx8 previously and was all happy about it. even the admin stuff which i happily paid 500 bucks. goodwill money ppl say. Well, i'm not saying you shouldn't pay all, but THERE are unscrupulous one out there. choose wisely, its not all that bad.
Now, i have a 523i Oct 2006. Sliver with beige interior. Wood trims, does come with i-drive no navi. who want?
well, regarding the car dealer's scene, it goes both ways, sellers want to sell the car priced as advertised, and dealers want to buy in at price which is not reasonable. Which is true actually? In good dealers(as in do everything nice nice), spray the car, do minor servicing, willing to let you take the car to your personal workshop to check, and worse is car park there don't sell, all that stuff. Its all cost. So where to find the profit margin 10- 20k? at most they earn is 3 - 4k depending on loan commision and profit of the car.
i'm not a dealer but have friends that are. bought my rx8 previously and was all happy about it. even the admin stuff which i happily paid 500 bucks. goodwill money ppl say. Well, i'm not saying you shouldn't pay all, but THERE are unscrupulous one out there. choose wisely, its not all that bad.
Now, i have a 523i Oct 2006. Sliver with beige interior. Wood trims, does come with i-drive no navi. who want?
Last edited by a moderator:
Re: Beware of this Car Dealer
already said. Goodwill money. if you appreciate his service, helps you on your paper work and stuff. why not? everybody got to put food on the table. You take a cab now and see your receipt. it puts admin fee too. you bid a new car plate also need to pay LTA for the damm admin of 300. so whats your point?
already said. Goodwill money. if you appreciate his service, helps you on your paper work and stuff. why not? everybody got to put food on the table. You take a cab now and see your receipt. it puts admin fee too. you bid a new car plate also need to pay LTA for the damm admin of 300. so whats your point?
Re: Beware of this Car Dealer
No offence actually and none taken. Apparently some dealers, the first 300 is for the company, then the 200 split half with the salesman. so if the salesman sold the a car gets his car comm, lets say 350, admin another 100 and trade in 100. roughly the salesman are earning about 550 - 600 for one car. depending on company. some salesman may even get a small commision from the loan itself. 0.2% maybe?
jonleeck;941181 said:
No offence actually and none taken. Apparently some dealers, the first 300 is for the company, then the 200 split half with the salesman. so if the salesman sold the a car gets his car comm, lets say 350, admin another 100 and trade in 100. roughly the salesman are earning about 550 - 600 for one car. depending on company. some salesman may even get a small commision from the loan itself. 0.2% maybe?
Re: Beware of this Car Dealer
its called "kick ball" money.
Nothing wrong with paying a reasonable amount SO LONG AS its stated upfront and the dealer actually does good work or reasonable amount of work for it..but it used to be added in 'as of right' until I hoot them nicely on it.
its called "kick ball" money.
Nothing wrong with paying a reasonable amount SO LONG AS its stated upfront and the dealer actually does good work or reasonable amount of work for it..but it used to be added in 'as of right' until I hoot them nicely on it.
