cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board  

Go Back   cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board > non-Sports > Finances

Reply
 
Thread Tools Display Modes
Old 01-29-2015, 03:07 PM   #1
ChinoCoug
Senior Member
 
ChinoCoug's Avatar
 
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
ChinoCoug is an unknown quantity at this point
Default Car Buying

I was a lot less naiive about buying a car this time around than I was when I was a recent college grad, but I still made mistakes.

Bruce Bueno de Mesquita, a political science professor and game theorist, outlined the procedure for getting the best price on a car. In his book The Predictioneer's Game. http://www.predictioneersgame.com/book

Call up 4 or 5 dealers in your area and ask them to make their best offer. According to Bueno de Mesquita, the dealer will insist you go in the dealership, and some will tell you to get lost if you refuse. But the ones who won't will try to make you the best offer so they can sell you a car. Get the best offer and then enter the dealership.

Once they get you inside the dealership, they will know your preferences, tastes, budget, and they can dictate the terms. Pay no attention to their feelings, because they're not paid to be your friend.

I still thought that I would visit different dealerships just as a courtesy. I went in to three different dealerships a total of six times. That just made the dealers have to drive to get you, and make you more obligated to buy. Bueno de mesquita's book was published in 2009. Apparently, it's 2015 and it's pretty much the norm to call around and get the best deal.

Still, I got a Prius for about $21,000. I put $10,000 down an got a five-year, interest-free loan.
ChinoCoug is offline   Reply With Quote
Old 01-29-2015, 03:12 PM   #2
MikeWaters
Demiurge
 
MikeWaters's Avatar
 
Join Date: Aug 2005
Posts: 36,363
MikeWaters is an unknown quantity at this point
Default

Going to the dealer is only important so that you can see and test drive.

All negotiations can be done online.

My last two cars I have bought were all online negotiations between various dealers. For the last one, I drove 200 miles away to pick it up from the dealer.
MikeWaters is offline   Reply With Quote
Old 01-30-2015, 10:58 PM   #3
ChinoCoug
Senior Member
 
ChinoCoug's Avatar
 
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
ChinoCoug is an unknown quantity at this point
Default

That would suck if you drive 200 miles and they change the terms when you get there. And the know they have that leverage.
ChinoCoug is offline   Reply With Quote
Old 01-31-2015, 02:26 AM   #4
MikeWaters
Demiurge
 
MikeWaters's Avatar
 
Join Date: Aug 2005
Posts: 36,363
MikeWaters is an unknown quantity at this point
Default

They didn't. Got a killer deal.
MikeWaters is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 09:05 PM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.