- Why do car salesmen have a bad reputation?
- Who is the highest paid car salesman?
- Does age or mileage matter more?
- How do you outsmart a car salesman?
- How do you talk down a car salesman?
- What should you not tell a car salesman?
- Do car salesmen prefer cash or finance?
- What is the best way to negotiate a car price?
- How can you tell if a car salesman is lying?
- Can you trust car salesman?
- How much should you put down for a car?
- Can a car salesman make six figures?
- Are Car Salesmen obsolete?
- What are the pros and cons of being a car salesman?
- What kind of hours do car salesmen work?
- What is the best month to buy a car?
- Do dealerships like when you pay cash?
- What is the best mileage when buying a used car?
- How much can you talk a dealer down on a new car?
- Is being a car salesman stressful?
- Why you should never pay cash for a car?
Why do car salesmen have a bad reputation?
The car sales industry has garnered a bad reputation for being sleazy and dishonest.
This is why so many people looking for a new car don’t like the experience of going to a dealership.
One of the biggest sales tactics that are laced with falsity is that the deal will expire if you don’t buy right away..
Who is the highest paid car salesman?
Top Gun in Sales : Leading Car Salesman Can Earn Up to $160,000 a Year. On a recent Saturday afternoon, Nick Karoly, the top salesman at Hoehn Motors Mercedes Porsche in Carlsbad, roamed the lot.
Does age or mileage matter more?
Age Matters, Too But that’s not to say that age isn’t important. While mileage matters a lot, a car’s age can be just as big of a deal — and in some cases, it’s even more important than mileage. For instance: a 10- or 15-year old car with only 30,000 or 40,000 miles may be appealing.
How do you outsmart a car salesman?
Car Buying Tips To Outsmart DealershipsForget Payments, Talk Price. Dealers will try selling you to a payment per month rather than the price of a car. … Control Your Loan. For many dealers, the car or truck sale is simply the mechanism for the financing. … Avoid Advertised Car Deals. … Don’t Feel Pressured. … Keep Clear Of Add-ons.
How do you talk down a car salesman?
The best way to negotiate is to refuse to negotiate you know your price, you’ve organised your finance and you know what you want), don’t negotiate. Just tell them what you want, tell them what you’ll pay and give them your number. Then leave. You have to be polite, but firm.
What should you not tell a car salesman?
10 Things You Should Never Say to a Car Salesman“I really love this car”“I don’t know that much about cars”“My trade-in is outside”“I don’t want to get taken to the cleaners”“My credit isn’t that good”“I’m paying cash”“I need to buy a car today”“I need a monthly payment under $350”More items…•
Do car salesmen prefer cash or finance?
A car dealer’s preferred payment option really depends on how the dealership manages its business – some prefer assured cash, while others push for financing.
What is the best way to negotiate a car price?
How low can you go? Once you’ve calculated the value of the vehicle, set yourself a realistic goal of what you’d like to pay. When negotiating, always start by asking for a figure lower than what you’d like to pay, then slowly increase your price and have the price you would like as your ‘final offer’.
How can you tell if a car salesman is lying?
Talk to your bank and online lenders to see what they are offering on car loans in your price range. You can get approval at those rates and bring the figures with you when you talk to a car salesman. If he tells you the dealership rate is the best one you can get but it’s higher than your rate, you know he is lying.
Can you trust car salesman?
Why Most Car Salespeople Are Trustworthy In fact, most customers who buy from a reputable dealership have a great experience with their salesperson. … Ask yourself if your car salesperson is meeting the criteria above, and if so, know you can trust them with your vehicle purchase.
How much should you put down for a car?
The rule of thumb commonly cited is to put down at least 20 percent of the purchase price on your next car. If you want to and can afford to put down more, it will help to lower your interest payments and monthly payments.
Can a car salesman make six figures?
If you can sell 20 or 25 cars a month, and “hold gross” (make a big profit) on each of them, you can make more than six figures annually. … So at every dealership there’s what’s known as a minimum commission, or “mini deal.” That’s the minimum the dealership will pay you when a car deal makes no money.
Are Car Salesmen obsolete?
There will always be a need for a warranty service center and also for a delivery depot for online orders but the “slick” car salesman will go the way of the Dodo bird. … US auto dealerships add an estimated 8%-12% to the price of each new vehicle. They are already obsolete, like many other brick-and-mortar businesses.
What are the pros and cons of being a car salesman?
Being a Car Salesman the Pros and ConsPros of Being a Car SalesmanCons of Being a Car SalesmanYou don’t have to work hard, at least physically because you work with your words and your pen.You spend hours with customers that don’t buy a car.11 more rows
What kind of hours do car salesmen work?
An average day at a dealership The job generally requires 40-50 hours of work a week, often involving nights and weekends, and the average quota requires employees to sell between around 8-12 cars.
What is the best month to buy a car?
The month of May Certain months of the year are better than others. Historically, May has been a major month for auto sales. Between 2013 and 2018, data from Cox Automotive shows it was a hub of buyer activity. Much of that activity can be attributed to “aggressive holiday incentives and promotions” for Memorial Day.
Do dealerships like when you pay cash?
Paying cash will reduce your time spent in a dealership, and you can avoid interest charges if the car you are buying does not offer 0% APR financing. However, paying cash will not necessarily guarantee you a better price, and in fact, it might cause you to pay a higher price.
What is the best mileage when buying a used car?
12,000 miles per yearMileage. You should consider the current mileage when purchasing a used car. Of course, the fewer miles it has been driven, the better. An average of 12,000 miles per year is considered the norm.
How much can you talk a dealer down on a new car?
Focus any negotiation on that dealer cost. For an average car, 2% above the dealer’s invoice price is a reasonably good deal. A hot-selling car may have little room for negotiation, while you may be able to go even lower with a slow-selling model. Salespeople will usually try to negotiate based on the MSRP.
Is being a car salesman stressful?
Commission-based sales jobs can be extremely stressful, particularly in a downturned economy. … You’re not always in control of that aspect, but there are ways to retain customers, earn referrals and reduce the stress that can build up as you try to sell cars.
Why you should never pay cash for a car?
That is because credit card debt is unsecured, and a car loan is secured with the product that you drive off the lot. … A person who bought cash for their car, may be using their MasterCard for grocery shopping and bleeding money in interest rates each month, even if it’s paid on time.