Don Wallence Auto Sales Vehicles (2024)

FAQs

What to avoid telling a car salesman? ›

Confidence is the key to a good deal

Research multiple vehicles, know the value of your trade-in and get preapproved for financing before you go to the dealership. You don't need to be a pro. You just need to be firm on how much you're willing to spend and what you really need.

Why keep this information private? Simple - most salespeople will just try to meet your stated number, instead going to bat to get you the lowest real market price. Their first offer won't be their best if they know your budget ceiling already. Imagine you're willing to spend $22,000 max on your new ride.

The Red Flags Rule (the Rule), enforced by the Federal Trade Commission (FTC), requires automobile dealers to develop and implement a written identity theft prevention program designed to identify, detect, and respond to warning signs—known as “red flags”—that indicate that a customer or potential customer could be ...

For decades now, car salespeople have constantly gone to “talk my manager” for permission to negotiate during the sales process. This tactic, paired with countless other dealer antics is very frustrating for customers. If you're unfamiliar with your salesperson saying “let me go check with my manager,” you're lucky!

Despite the MSRP sticker price of a car, you can make any offer, and a good salesperson should be willing to consider a reasonable price based on the car's condition. If the car you want has been on the lot for several weeks, use the fact that it isn't moving to bring the price down.

If they starts with price, make sure you negotiate from the bottommost price and work up, not down from the MSRP. By starting with your monthly payment as the focus, the salesperson can lump the whole process together: the price for the new vehicle, the trade-in, and financing, if appropriate.

Counter the monthly payment conversation: Your dealer may ask what you're hoping to pay for your car each month. Instead, tell your salesperson that you'd prefer discussing the car's out-the-door price and fair market value. If need be, you can always discuss refinancing your car loan down the road.

Why not tell a car dealer you are paying cash? ›

Paying cash may hinder your chances of getting the best deal

"When dealers are negotiating the purchase price, they anticipate making money on the back end, via financing," Bill explains. "So if you tell them up front you're paying cash, the dealer knows he has no opportunity to make money off you from financing.