trying to do some homework before getting blind sighted at the finance office
#1
trying to do some homework before getting blind sighted at the finance office
hey guys,
i got my VIN, and a ETA of this thursday for a white EX-6MT.
now I need to try to get my ducks in a row and keep a unwavering attitude into the dealer this weekend.
since living in Arizona, we have some outrageous doc fees... something around 300 to 500 dollars. I been trying to do some heads up room to help myself understand what is my final purchasing price OTD; to combat the doc fee as I think this is the only floating variable to the bottom line of the purchase; as taxes and lic/reg fees are pretty much set by formula from the state. I was cleared from a local credit union for more than enough to buy the Fit. does the below seem attainable?
Invoice 17435
Destination Fee 790
MSRP 18225
target discount from MSRP -350
trunk tray 100
Price before Tax and Fee 17975
taxes 1528
Title and Reg 450
Dealer doc fee 400
OTD price 20353
i got my VIN, and a ETA of this thursday for a white EX-6MT.
now I need to try to get my ducks in a row and keep a unwavering attitude into the dealer this weekend.
since living in Arizona, we have some outrageous doc fees... something around 300 to 500 dollars. I been trying to do some heads up room to help myself understand what is my final purchasing price OTD; to combat the doc fee as I think this is the only floating variable to the bottom line of the purchase; as taxes and lic/reg fees are pretty much set by formula from the state. I was cleared from a local credit union for more than enough to buy the Fit. does the below seem attainable?
Invoice 17435
Destination Fee 790
MSRP 18225
target discount from MSRP -350
trunk tray 100
Price before Tax and Fee 17975
taxes 1528
Title and Reg 450
Dealer doc fee 400
OTD price 20353
#2
Say no to Extended Warranty. Say no to Credit Life Insurance(they won't call it that in the meeting since they try to confuse you). say no to GAP(get that from insurance). Say no to the Pro package even if they try to force it. Say no to paint protection service... get it washed and waxed at a place.
READ THAT PAPERWORK. Look for all the numbers, verify that they aren't trying to cheat you on the price you arranged, since they will try to do that.
Ignore any distractions they throw at you. I had them send several people into the office doing stuff and bending over(man and woman) behind the finance guy. I wonder if that's a tactic...
READ THAT PAPERWORK. Look for all the numbers, verify that they aren't trying to cheat you on the price you arranged, since they will try to do that.
Ignore any distractions they throw at you. I had them send several people into the office doing stuff and bending over(man and woman) behind the finance guy. I wonder if that's a tactic...
#4
Unless Honda financing is much better than your credit union go with the credit union. Separating the financing from the purchase eliminates a lot of games that the dealer can pull.
Beyond that, the important number is the one you write on the check. Document fees are simply a way of making unsavvy buyers pay additional profit after a sales price is agreed upon. As long as you keep the focus on the final number you write on the check they can play all the games they want and it won't make any difference. They will attempt to steer you away from this and talk about the before-fees number, but don't let them.
Also, be prepared to stand up and walk out if things aren't the way they should be. The dealer wants you to be emotionally invested in buying this particular car. You are in control of this situation and there are more cars and more dealers out there if this one fails to satisfy.
Beyond that, the important number is the one you write on the check. Document fees are simply a way of making unsavvy buyers pay additional profit after a sales price is agreed upon. As long as you keep the focus on the final number you write on the check they can play all the games they want and it won't make any difference. They will attempt to steer you away from this and talk about the before-fees number, but don't let them.
Also, be prepared to stand up and walk out if things aren't the way they should be. The dealer wants you to be emotionally invested in buying this particular car. You are in control of this situation and there are more cars and more dealers out there if this one fails to satisfy.
#8
hey guys,
i got my VIN, and a ETA of this thursday for a white EX-6MT.
now I need to try to get my ducks in a row and keep a unwavering attitude into the dealer this weekend.
since living in Arizona, we have some outrageous doc fees... something around 300 to 500 dollars. I been trying to do some heads up room to help myself understand what is my final purchasing price OTD; to combat the doc fee as I think this is the only floating variable to the bottom line of the purchase; as taxes and lic/reg fees are pretty much set by formula from the state. I was cleared from a local credit union for more than enough to buy the Fit. does the below seem attainable?
Invoice 17435
Destination Fee 790
MSRP 18225
target discount from MSRP -350
trunk tray 100
Price before Tax and Fee 17975
taxes 1528
Title and Reg 450
Dealer doc fee 400
OTD price 20353
i got my VIN, and a ETA of this thursday for a white EX-6MT.
now I need to try to get my ducks in a row and keep a unwavering attitude into the dealer this weekend.
since living in Arizona, we have some outrageous doc fees... something around 300 to 500 dollars. I been trying to do some heads up room to help myself understand what is my final purchasing price OTD; to combat the doc fee as I think this is the only floating variable to the bottom line of the purchase; as taxes and lic/reg fees are pretty much set by formula from the state. I was cleared from a local credit union for more than enough to buy the Fit. does the below seem attainable?
Invoice 17435
Destination Fee 790
MSRP 18225
target discount from MSRP -350
trunk tray 100
Price before Tax and Fee 17975
taxes 1528
Title and Reg 450
Dealer doc fee 400
OTD price 20353
The dealer in NH had to collect NYS sales tax, but I will have to register the car myself. It's like the destination charge. Why should we have to pay for the dealer to get cars delivered?
At this point in the Fit production, it is too new and too scarce for the buyer to have any leverage at all. I hate buying cars. I always feel dirty afterwards, like someone has taken advantage of me, and we both knew it at the time. Smiling and shaking hands, with each one knowing exactly what is really happening.
By the way, you didn't mention a trade, but if you are trading anything, don't expect to be given any credit for anything above what came with the car when new. I really had no choice to but to trade my car so I could get to the dealer, so I traded it. I am satisfied with what I got, but all the money I invested in accessories didn't count at all, which was no surprise to me.
#9
Try to work out pricing before you arrive via email, not phone. Or if you do phone have them email it to you. Once you're at the dealer they have the home turf advantage and switch into "trying to screw you" mode more than they are in advance. I have decided to only deal with the "internet sales" people as my experiences with the standard floor salesmen have been godawful. Internet sales sends the agreed pricing over to finance in advance so there's very little tricks, just maybe some attempted upselling. And if you don't want them to stick add-ons all over the car for more money you must make them agree to that in advance.
#10
Try to work out pricing before you arrive via email, not phone. Or if you do phone have them email it to you. Once you're at the dealer they have the home turf advantage and switch into "trying to screw you" mode more than they are in advance. I have decided to only deal with the "internet sales" people as my experiences with the standard floor salesmen have been godawful. Internet sales sends the agreed pricing over to finance in advance so there's very little tricks, just maybe some attempted upselling. And if you don't want them to stick add-ons all over the car for more money you must make them agree to that in advance.
#11
I found that the internet salespeople, while sounding good, are suddenly "out of the office" when you arrive for an appointment. It is just a scam to get you to come in so they can try and work you over.
Anyway, I walked out and got one somewhere else in Phoenix. (actually, Mesa. 50 mile drive, but worth it)
Anyway, I walked out and got one somewhere else in Phoenix. (actually, Mesa. 50 mile drive, but worth it)
Also, you have a yellow one???? Can you post pictures in a new thread?? That is awesome!!
#12
My experience with "internet sales" is that dealers just see it as a way to get a phone number out of the customer so they can start pumping that approach. I've not found one who will put any number other than MSRP on an email. In fact, most replies are generic "boilerplate" emails that invite me in to "test drive the car I want" even if my inquiry was about a car they didn't have in their inventory.
Remember, even if the car is "hot" today this won't last forever. A sale lost is a sale lost and in a month or two dealers will be working a lot harder to move Fits and the cars will probably have better build quality. The one tool at a buyer's disposal is his or her feet. The more people who walk out on unscrupulous deals, the better the situation is for everyone.
Remember, even if the car is "hot" today this won't last forever. A sale lost is a sale lost and in a month or two dealers will be working a lot harder to move Fits and the cars will probably have better build quality. The one tool at a buyer's disposal is his or her feet. The more people who walk out on unscrupulous deals, the better the situation is for everyone.
#13
guys,
thanks so much for the tips and advice... some reason, when I went to buy a house, I didn't feel much pressure, but going into buying a car the first time, its sorta nerve racking so im just trying to do what I need to get ready.
after reading a lot of the posts, I think I have an idea to the degree of how I want this played out.
yes yeah, im turning down every single insurance, offer, paint protection or anything else that ads to the cost of the the car. my intent is to pay no more than 20300 out door, with that being the highest doc fee I will swallow.
and yeah, the Fit isn't a Skyline GT-R (which I have feelings for), and its a mass produced econo box; so I will not hesitate to say no and walk out. I think the only problem I have after that is getting back the deposit; which I can just simply ask for a check, or a call to honda corporate if they don't cooperate and try to hold me hostage at the finance office.
its just so strange that we have to get our minds right before walking into the dealers...
thanks so much for the tips and advice... some reason, when I went to buy a house, I didn't feel much pressure, but going into buying a car the first time, its sorta nerve racking so im just trying to do what I need to get ready.
after reading a lot of the posts, I think I have an idea to the degree of how I want this played out.
yes yeah, im turning down every single insurance, offer, paint protection or anything else that ads to the cost of the the car. my intent is to pay no more than 20300 out door, with that being the highest doc fee I will swallow.
and yeah, the Fit isn't a Skyline GT-R (which I have feelings for), and its a mass produced econo box; so I will not hesitate to say no and walk out. I think the only problem I have after that is getting back the deposit; which I can just simply ask for a check, or a call to honda corporate if they don't cooperate and try to hold me hostage at the finance office.
its just so strange that we have to get our minds right before walking into the dealers...
#14
What I am referring to is not filling in an online form, but instead looking at the staff list/directory for the people whose title is Internet Sales or similar.
#16
guys,
thanks so much for the tips and advice... some reason, when I went to buy a house, I didn't feel much pressure, but going into buying a car the first time, its sorta nerve racking so im just trying to do what I need to get ready.
after reading a lot of the posts, I think I have an idea to the degree of how I want this played out.
yes yeah, im turning down every single insurance, offer, paint protection or anything else that ads to the cost of the the car. my intent is to pay no more than 20300 out door, with that being the highest doc fee I will swallow.
and yeah, the Fit isn't a Skyline GT-R (which I have feelings for), and its a mass produced econo box; so I will not hesitate to say no and walk out. I think the only problem I have after that is getting back the deposit; which I can just simply ask for a check, or a call to honda corporate if they don't cooperate and try to hold me hostage at the finance office.
its just so strange that we have to get our minds right before walking into the dealers...
thanks so much for the tips and advice... some reason, when I went to buy a house, I didn't feel much pressure, but going into buying a car the first time, its sorta nerve racking so im just trying to do what I need to get ready.
after reading a lot of the posts, I think I have an idea to the degree of how I want this played out.
yes yeah, im turning down every single insurance, offer, paint protection or anything else that ads to the cost of the the car. my intent is to pay no more than 20300 out door, with that being the highest doc fee I will swallow.
and yeah, the Fit isn't a Skyline GT-R (which I have feelings for), and its a mass produced econo box; so I will not hesitate to say no and walk out. I think the only problem I have after that is getting back the deposit; which I can just simply ask for a check, or a call to honda corporate if they don't cooperate and try to hold me hostage at the finance office.
its just so strange that we have to get our minds right before walking into the dealers...
#17
Average Dealer Documentation Fees by State
Again the easiest way to think of doc fees is as "dealer profit." Focus on the final number, the amount you pay. Playing with intermediate numbers is just a way of confusing you.
Last edited by GeorgeL; 07-29-2014 at 05:03 PM.
#18
I completely agree with Amy--arranging a firm price by email is the way to go, IF that's possible. It might be more difficult with a brand-new car like the Fit, since the dealers can't guarantee that the car will still be there when you settle on a price, which leaves lots of room for the bait-and-switch. But if it's a slower-moving car and they have lots in stock, it can be very effective. I've only bought one new car so far, 7 years ago, but I did all the negotiation via email and the actual buying process was VERY easy with no efforts to upsell. (It helped that I paid cash and had no trade-in, too.) Needless to say, I'm somewhat apprehensive that my luck won't be so good the second time around. ;-)
#19
I completely agree with Amy--arranging a firm price by email is the way to go, IF that's possible. It might be more difficult with a brand-new car like the Fit, since the dealers can't guarantee that the car will still be there when you settle on a price, which leaves lots of room for the bait-and-switch.
#20
NY law limits doc fees to $75.... if they're charging more than that you should report them to the DMV or AG as it's illegal. The 3 dealers I dealt with had $75 pre-printed on their sales forms.