Anyone else holding out for new 2013 Chevy/GMC truck?

[two_bit_score]

One of the dirty secrets of selling autos is finance companies often pay a commission for loans based on the interest rate. Say you are a salesman and have a customer talked into a vehicle at $13k but you trick them and put them into a 18% loan by claiming that their credit score isn't very good or whatever, some buyers just don't pay attention to their interest rate at all. Now the bank offering that loan might pay thousands of dollars because you suckered the customer into 18% instead of 9% or whatever he might have got from his own bank, or other banks the dealer worked with if they were honest. So the dealer really gets $13k + a large bonus.

Customer wants to pay cash or walks in with a pre-approval from his bank? Suddenly you don't offer the vehicle at $13k anymore.

Sad but happens all the time. I think this is an area where the imagination of lawmakers has been surpassed by the sheer crookedness of businessmen. Hopefully the laws get updated to protect clueless people from these practices soon.

Yep. They have a lot of tricks. I was talking to a salesman I know who told me that every customer who walks through the door is a payment buyer. They can make a payment of $xxx and they are just looking for a car will fit that payment.

Never just walk in to a dealership.

 

[timswi]

Thanks for that advice Tim. You confirmed my thinking. Now my enthusiasm is renewed to encourage him to do it.

Can you explain the connection with the law/accounting firms?

Just tell him the hours can be brutal and it ain't easy in the beginning...I was offered a sales position while in college..I declined...I felt better selling service.

 

[two_bit_score]

Just tell him the hours can be brutal and it ain't easy in the beginning...I was offered a sales position while in college..I declined...I felt better selling service.

I met a finance manager at a big Lincoln dealership recently and we were comparing notes. She said if she was not making $150k she'd quit. But stressed it was long hours and really tied you down. She had a BMW Z4 for her demonstrator.

 

[timswi]

I met a finance manager at a big Lincoln dealership recently and we were comparing notes. She said if she was not making $150k she'd quit. But stressed it was long hours and really tied you down. She had a BMW Z4 for her demonstrator.

I don't doubt that one bit...The finance people are top of the heap on the floor...Tough gig though.

 

[two_bit_score]

Just tell him the hours can be brutal and it ain't easy in the beginning...I was offered a sales position while in college..I declined...I felt better selling service.

Several years ago I tried to hire a service writer from a Cadillac dealer in Bryan, Tx and just about had him but when the dealer found out he bumped the guys pay to more than I could get to.

I think he was playing both ends to get a good raise at the dealership but he was a OK guy and I still know him. Glad I could do him a favor.

 

[two_bit_score]

I don't doubt that one bit...The finance people are top of the heap on the floor...Tough gig though.

Interestingly, she had not worked at a dealership before there. Kinda surprised me.

I always thought I'd rather be in fleet. Those guys work, which is fine with me, but the dont seem to be the tricksters like the floor guys. When I buy through Fleet I never have even seen the F&I guy.
.

 

[timswi]

Several years ago I tried to hire a service writer from a Cadillac dealer in Bryan, Tx and just about had him but when the dealer found out he bumped the guys pay to more than I could get to.

I think he was playing both ends to get a good raise at the dealership but he was a OK guy and I still know him. Glad I could do him a favor.

Service pays well too if you're good....I sometimes wonder what would have happened had I stayed...Oh well..Water over the dam now.

 

[two_bit_score]

Service pays well too if you're good....I sometimes wonder what would have happened had I stayed...Oh well..Water over the dam now.

I think car dealers have their game figured out as well as or better than the casinos. They've got every angle covered, know costs on everything, git everything built into the deal on each car. It's a pretty fascinating business.

 

[TheGoose]

My '03 truck has been a fairly good truck, but I noticed that GM let's problems just spill over year after year without correcting them, and that really bugs me.

For example, the dash problems. The tach, speedo, etc. would quit working. This happened to several vehicles over about 3-5 years. Luckily mine was replaced under warranty. Several people I know weren't so lucky, and some of them have vowed to never own another GM again.

The "clunk" in the steering column. Every 99-07 has/had this problem. At least a major percentage.

I will probably buy another GM, but only if they make a true 4 door with a 6.5 ft bed. I refuse to buy the short box.

 

[jeffsw6]

I will probably buy another GM, but only if they make a true 4 door with a 6.5 ft bed. I refuse to buy the short box.

You can get a 6.5ft bed on the SRW but not the DRW. I guess they figure if you buy the 3500 CC DRW you aren't going to find a good parking spot at the mall no matter what size the bed is.