Here's Why You Should NEVER Buy A Car From A Used Car Dealer
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- Опубликовано: 6 окт 2024
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You should never buy a use car from a dealer. There is really no reason to.. because they are literally in it just to make money off of you! So, I'm going to break down exactly why you should never buy a used car from a used car dealer!
#usedcar #buyingausedcar #howtobuyausedcar
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I bought a used Sion FRS from a third party dealership. As I got home the lugs were for a different car forced to fit on the stock wheels, the front bumper was being held together by glue same with the side markers. Had cheap brakes and rotors. The main body of the car is losing paint from being in a state with snow and salt, and now being in California it cooks the paint right off. I blame no one but my self , another life lesson never rush getting a car. Have about 6 or 7 that you like not just one you think is good
It's a tough lesson to learn... but going forward I'm sure you REALLY research before you buy your Ideal car! Thanks for sharing and I hope everyone can learn from this!
Great point... Like not just think it's that good
So... like a new scion, eh?
If you don’t do a full walk around on a car - the fault is all yours
Bowser00000 Are you blind 😎
"If you don't think that used car dealerships are in it to make money, I'm sorry, you are wrong". Lol. This is insight?
Almost all used car dealers are very honest. So are lawyers and carnival workers
That's almost an insult to lawyers and carnival workers 😜
Very true, the worst are lawyers, they screw you over so fast you don't don't know what happened, at least with a used car dealer you get something out of it along with your "fu3king"
certainly. of course.
I love this sarcasm 😜😜😜🤎🤎
It is not wrong for a business to make money. You are doing the same. The point is, buyer beware. I have bought cars from a used car dealership, had it inspected and driven it trouble free for years. Also, I know that buying a used car comes with risk. However, if I can buy a four year old car for half of MSRP, I am okay if I have to spend $500 for a brake job or have to get the AC recharged. You can buy a piece of junk from a private party as well. Either way, do your homework, get the car inspected by an independent unbiased shop.
I like where your head is at!
Exactly. Get the car inspected. Even if you are buying from a site, you can have a mechanic check the car out if you cant go see it. Still, its a risk, but i'd rather spend a few hundred to get it checked out.
So do you drive the car to the inspector during the test drive? How do go about this ?
I brought a 2009 Honda civic LX coupe in 2016. The car had 71K on it. I have only hsve 91K on it now. I brought it in cash. I paid off 3 cars with loans on them. I dont like car loans.
Nice video. I am 66& was taught all of this ny my father & other family members. I’m always surprised that so many of my friends don’t know this basic stuff. Thanx for trying to educate the public.
Twice, including my current car, which was originally from the same dealership. It was three years old with only 27k miles and possibly a lease return. Four years later, still runs great!
I worked as a salesman at a new car dealership for 6 months. I sold a brand new CR-V to a lady who spent $28K on the vehicle. We gave her $7K on her old one. My sales manager told me to put the trade-in back out on to the used car sales lot for $17K. I was flabbergasted. Didn't happen all the time, but it happens for sure. I quit because my integrity and honesty couldn't handle the act for very long.
Lmao damn that really crazy. I will never trade in my old car for that reason!
I will never buy a brand new car. New cars can be a rip-off too. Always get the car inspected by an honest independent mechanic or watch the ChrisFix video about how to do a pre-purchase inspection without hiring a mechanic.
Even if you watch that vid... get a PPI. It's never wasted money and can save you a TON of $$!
Take it to dealership for PPI if anyone will catch the slightest wear item they will so they can try to get you to get it replaced or repaired there. Normal wear and tear items like end links, engine mounts or whatever will pop up depending on the vehicles age.
Use their exaggerated estimate as a negotiating tool.
@@IdealMediaChannel what's a ppl?
Ron Lyles PPI means prepurchase inspection Basically you hire someone to check the car for any issues before you spend your money to acquire said car
Watch more ppl
I haven’t bought a new car since 2005 and only 3 times in my life - but have owned over 50 cars. Which means I buy a LOT of used cars. Only three times have I purchased one from a dealer, usually because I was in a bind. Two were very good, one was a bad deal. When buying from individuals I have only had one car in 47ish that wasn’t a good deal. I think that says it all.
Numbers speak louder than words! Thanks for the write up!
Buying a used car from used car dealership is really..really sketchy tbh.
yeah... you gotta be super careful!
I buy a CPO off lease Mercedes every 5 years. They’re always from the Mercedes dealer and I get documentation where they got it (here in Lexington Kentucky the Mercedes dealer’s “preowned” cars usually ARE trade ins on new cars.
Yeah.. higher end dealers (big ones) are usually good to work with... especially if they have a trusted repuation. It's the small guys that you usually have to watch out for more. That said, ripoffs come in all shapes and sizes!
Oh yeah, I dealt with a road hog (what they used to call dealers that sold only used cars) when I bought my first car decades ago and they screwed me six ways to Sunday. That’s why I only deal with a new car dealer that sells used cars of the same make.
Good move, a little pricey but, your glad you did years later, good memories of a trouble free motoring experience.
Businesses are in business to make money. Even your local grocery store marks up their prices from what they paid their supplier. Used car businesses are no different.
MrSimonmcc
Yea that’s true enough. Difference is you don’t work with a sales person (on commission), then talk to a sales manager (on commission) and visit the finance guy (on commission) when you visit the grocery store for a gallon of milk.
Next video should be showing us how were being ripped off by our local grocery stores.
@@waltershattenkirk3087 , now take the steps you did with a dealership and use that same process to see the steps that food takes before it gets onto your plate. There's plenty of mark-up and people who make money along the way.
Just remember that in ANY business, the customer is king, and any business not willing (or able) to accommodate the wishes of the customer, isn't a business that ought to be sustained.
That's how a healthy economic system operates - with the customer at the head offering payment and profit, and the business growing ONLY on the condition that the customer is happy.
A business should never be favoured over a customer under ANY circumstances, and if it is, it indicates that there is a problem with the person supporting the business.
Were it not for profit, it would be a different story altogether.
Profit is what makes all the difference.
Nothing wrong with a used car. Even if you overpay, it's cheaper than a new one. Get a inspection before you buy it and make sure you're clear on everything that"s being inspected. It's your investment, so expect make repairs. Spending a couple of hundred dollars a month in repairs is a lot cheaper than paying twice as much or more on a car note.
A used car from a local dealership is Definitely not better than going to a dealership. You may pay more a month but at least it's certified and comes with a warranty. That buy here pay here market needs to STOP! It's highway robbery! When you get a car from them mom& pop's dealerships you have to pray and hope you get a good one. And that's alot of pressure! Especially if you get a high end car. I can't believe you even said that dumb shit! Yet I can bcuz people will say anything to hear themselves talk!
@@levarjones5432 No dealership, new, used, mom or pop, is your friend, and definitely not protecting your investment in any way. It's no secret that new cars are vastly overpriced, and in my opinion, warranties are a scam. In 2012, a loaded Cadillac Escalade ESV would have cost you $77,000. Today, only 6 years later, that same vehicle is in the ballpark of $18,000. That vehicle's motor(you know, the thing that makes it run), will cost about $4,000. You have to do more than talk about a warranty to convince me otherwise. I purchased a car from a private seller "As Is" for a $1,000 bucks, and over the past 4 years, I've invested $5,000 bucks into a new engine, transmission, shocks, tires, etc..--not because I had to, but because I wanted to. I invested a total of $6,000 bucks, there is nothing left to fix, and I have car that looks and drives like it just left the showroom.
1st, this is an awesome video with lots of good advice and information without all the exaggerated motions. 2nd, I’ve bought cars from used car dealerships, new car dealers with a used car lot and private party and to be honest, I prefer the new car dealer with used cars for sale. Private party sellers are reluctant to allow a proper test drive or a pre-purchase inspection and lie as much as used car dealers. For example, last year I was in the market for a used BMW M6. I found a 40ish year old guy selling his swearing it’s never been rev’d past 5000rpm and has never had any problems at all; clearly a lie. Just understand that anyone selling anything is looking to profit in some way and that’s perfectly fine and doesn’t mean you’re getting ripped off. Just NEVER pay for any dealer services or service contracts, or prep fees (which is a pet peeve of mine). A dealer prep fee is like ordering food from a restaurant menu with the price listed but when the bill comes you find out you have to pay more for the chef cooking the food. Anyway, thanks for a great video I’m sure the comments will be filled with a lot of different points of view and information.
Thank you for this info, 3 days before i had an appointment for used car buying.... you opened my eyes👍🇨🇦
New format? You've stoped drinking car fuel?🤔🤔🤔
110 OCTANE COMING TOMORRORWWW!!! BAE BEHHH
That’s fine but don’t do that cringey move you do with your fists or do a stupid dance when you are about to start the countdown and yell “let’s go” or do the honorable mention.
I feel like punching you in the face everytime I see that fist move or dance before you give us the honorable mention.
Please stop,I like your content but I can only watch that cringey shit for so long.
Sorry if I offended you,I’m a New Yorker from Brooklyn specifically so we tend to be assholes :p
seems like he is still drinking it
Man, it's nice to finally see someone who actually has a clue! I've worked in the auto industry in one way or another for most my life, & let me tell you used car dealers are just the tip of the untrustworthy, unethical & just plain criminal, iceberg that is absolutely rampant when it comes to do with anything automotive. Dig your channel & love your energy man, keep up the good work.
You're so right about everything you said! Great Video but guaranted even after watching this when someone likes a car they'll get suckered into buying it, thinking the dealer they're buying from is different from the rest!
Thx for the support man! 😎
Remind me to mute my Echo when watching RUclips on the TV. I now have an Amazon order for toilet paper...
If I’m a dealer and I took a risk at the auction to buy a car to sell. I’m gonna want to make a decent profit. Especially if I had to fix it (you don’t want a pc o ish) or I sold with a warranty. Also who else is gonna sell used cars to people who can’t buy a new car. Test drive spend time with the car before you buy. Me I’m a mechanic I’ll answer every question you have. I don’t agree with this info
It’s funny seeing salty dealership salesman reply to this video Hahahaha
This guy definitely got a lot of hate towards Car Dealers. Most of his information is misleading. Every business gets their product at wholesale prices and sell them at retail or close to. Having said that it means used car dealership is no different than your local grocery store, because they paid the farmer 50 cent for a pound of tomatoes and they are selling you for $2.99. However car dealers don't. Make that much as the grocery example. Remember private parties are selling their car because they are sick of fixing it they just want to give someone else that headache. That is in most cases not always tho. There is alot more to be said, but I am not going to write for days to explain just use your commen sense. Having said all this, not all car dealers are honest and not all of them are Matilda's dad either.
I don't have hate towards them.. just want people to be informed on how a used car dealer works. Private party sales more often than not are NOT selling to make $ on the car. Whereas dealerships HATE selling cars at a loss. Great info my man!
I'll have to disagree on a few points..
#1 - Not everyone can afford a new car, even if to just lease
Dealers tend to markup prices by charging on additional options the car has such as a navigation, premium sound system, etc.
Insurance is more expensive as well because the dealer needs coverage on vehicles they sell when it gets totaled a few days after you drive it out the lot
#2 - Even if the inspection is 150pt procedure, it's a still a gamble ,but at least you have better confidence
#3 - Biggest mistakes people make when buying a used car are Not thoroughly test driving it, getting a PPI done( Pre purchase inspection) by other mechanics... I don't trust a used car dealer's mechanic so get a 2nd opinion from someone else
Totally agree with this. It is tempting to buy from a dealer because the process is relatively clean. But, you pay a huge mark up for an easy sale. Private party purchase is the only way to go. And, make sure the seller is the true owner.
I bought a car from a dealer. But that dealer was my uncle. So I got a 04 Honda Accord with 88k miles on it for 3k.
I'm a dealer and that's a hella of a deal. And Honda's run forever!!!
ex hondas r good. lx 2011 suck. had a 05 accord loved it. had an lx accord piece of shi seats and sound system
Lmao i bet u he got it for 1400k
No fist movement and a “let’s goooo” to follow up with the stupid fists and no cringey dance with the honorable mention???? There is a god!
Went to a BMW dealership bought a trade in 08 BMW 550i in manual for under $5900 well maintained w/ service records from new so your statement doesn't always applies.
That’s a new car dealership that has used inventory as well he’s talking about used cars dealerships that only sell used cars
Tuts Cafe exactly
glad it worked out for ya! those 550i's are BEASTS! would definitely keep up with the ideal Viper!
@@IdealMediaChannel Amazing vehicle truly 1 of kind, if we spend months on making thousands we should be spending equal time when it comes to how it will be spent; especially with a single large purchase.
I've had a good experience with an add-on warranty for a low-mileage turbo hatchback. I bought it in the first place because the contract stipulated that if I didn't use it, I would be refunded most of the original warranty price*, and it was a boi racer car, meaning a high likelihood that it had been driven aggressively. When I started having turbo issues, the warrantor took every word my mechanic said as truth and replaced everything he recommended. By the time the problem was solved, the warranty company paid for parts and labor far in excess of what the warranty cost me, and it will continue to cover the car for another 30,000 miles. I'm certain this is not the case with all warranty providers, but it definitely worked out for me in this one instance.
I'm not really defending used car dealerships or private sellers. Both can be deceptive. I once bought an SUV from a private seller, and the engine detonated on the way home. My only reasonable recourse was to fix it on my own dime.
*I understand opportunity cost and that the money could have been appreciating. I still thought it was a reasonable gamble.
This guy is clueless. Sounds like he watched a bunch of used car videos on RUclips and made one himself.
I found his advice to be very sensible. I found your comment to be clueless. He went into great detail to support his premise. You offered nothing to bolster your insulting remark.
Found the used car sale guy! Lol
That stupid ponytail he has verifies it
-used car dealer
I hate to buy from a dealer, but that is where the selection is. Off Lease Only has good prices. I tried to buy from private sellers but I always run into the same issues. They rarely have service records, they change the oil at jiffy lube when they remember, and they need to sell the car for the payoff. Unfortunately, they took out an 84 month loan and are always 1000's of dollars upside down and totally unwilling to face reality.
We have EXCELLENT credit, and we have been treated sooooo badly by car dealers that we will NEVER, EVER buy from another Dealer. We are elderly, so I guess we should expect abuse, but NEXT time . . . We will go to a used car dealer and pay cash.
I have bought two used Toyotas from a Lexus dealership. I have to say both were excellent car. One was a Highlander and the other one was a Tacoma.
But at what cost :(
I worked at a car dealership for a while. The profit on used at the time was generally 3-5k.
Sounds like Tony's been hitting the bong for 7 days straight 😂
Back in 2015 I bought a CPO Sentra I got an APR of 3%, I got GAP insurance, 18mo later, my car got totaled at work, long story short, GAP insurance made me continue my car payments, even after my insurance totaled it sent out the paperwork, GAP took FOREVER to close my file, and I lawyered up, instead of GAP insurance doing their paperwork, they ended up paying out 5 months in reimbursement plus attorney fees all bc someone at GAP didn't want to do their job. So after learning from this, most insurance companies have their own version of GAP insurance and I have that now in my sister's Altima. Check with your local insurance company and state that you live in. I live in SoCal (San Diego), so it pays to do your research. PS - Having good credit is your best friend and or a nice down payment.
Yet a new car looses 5000 before you drive off the lot. You will pay 20000 more after interest. Is buying new worth it?
I appreciate this information.thanks.
I bought a used ram truck from Carmax it looked immaculate in the inside for months later the ink from the steering wheel came off in my hand thank you detail shop
I bought a 15 year old Mercury Grand Marquis from a used car dealer in New Jersey. I drove the 200 miles to see and drive the car. I had looked at the Car Fax and was very sure the car really had only 19000 miles on it. Because I had cash, the dealer gave me $1000 off. The dealer also helped get the car on a transporter. The car arrived on time and the only things I have done besides regular service was a set of tires and a new serpentine belt. The car now has 24000 miles on it. The dealer did disclose that the car had been in an accident 10 years before, which I already knew. No high pressure, no pushing to finance, and no pushing to buy an extended warranty. They did exactly what they said they would do.
Yea so in other words don’t buy anything from a business because there are people who actually want to make a profit .
Yep. And got royally fucked. It was my first time and I wasn't really car savvy so I didn't get a car fax. The car had been in an accident. So I bought it for $13,000 and it was only worth $7,000-$8,000. Instantly deep upside down. And then the engine blew up. Had to replace it so that makes $17,000 for a car that's worth $8,000.
This is not all correct. Just saying. If you talking about a buy here pay here. Then most likely but a big dealer is different. But you gave wrong information out
thanks for watching! what info would you add?
I've bought several cars from a use car dealership .. Cars period new or used is not a good investment. But I work on cars never had any major problems.
Cars are actually similar to appliances, and to the typical consumer, are not investments.
Just purchased a barely used car with less than 4K miles. Checked carfax & actually called two dealers listed for service, they confirmed information. Just gotta do your research when purchasing period.
I bought my 2004 Monte Carlo SS from a used car dealership, I bought it because I was looking for such car. I paid $4600 dollars for mine and paid $75 dollars a week to make my payments. Still drive that car even to this day, it also has the getup I like as well, not too slow and good on gas. For being a V6 it has a fair amount of acceleration when you want to put the pedal down.
I couldn't find such car from a private party because at the time I didn't have that amount of money saved up and I've really never found a private person that would allow you to make payments on a car rather then pay in full.
Lol, only noobs get suckered into car payments.
A used car from a dealer is a bad choice unless it has low miles most are overpriced polished up turds.worked in the business for years
Yeah but 99% of all used cars are sitting on used car dealership Lots, trying to find the exact car you want without buying from a dealer is almost impossible or takes a very long time and requires you to constantly monitor the marketplace for that car and then when you find one you really want it sells before you get to it leaving you broken hearted and ready to give up
Trevor Hutcheson, very true!
Bought a 2010 Subaru Impreza outback sport in 2012 from an Infiniti dealer. It had 32k on it then and I'm still driving it at 144k.
What...do you expect used car dealership to be a non-profit organisation? lol. If you need to make a used car purchase at a used car dealer, bring a mechanic friend. If you don't have a mechanic friend, go find one. If you can't find one, learn and educate yourself about cars or how to become a mechanic yourself...knowledge make and save money. Private party is the one that will burn you just as bad.
Wow this guy is talking out of his ass I've been in the car business over 15 years
Good sound advice,l wish I would have figured this out before l bought my trucks,l've had every kind of car dealership trick pulled on me.I get sick just visiting a car dealership 😥
bought my 08 bmw m3 from a used car dealer ship and it’s been perfect for the 6 months i’ve had it:)
6 month not a long time. lol 5 years and youll know
I wish I knew this information before desperately purchasing a car, almost two years ago. I sustained an accident and bought a car from a UK used car dealership. The car was obviously a write off and it also had flooded engine with numerous problems. My mechanic was shocked as it took tow days to de flood the engine. Never again. Now, I only buy from my Mechanic or have the AAA or RAC to inspect the car thoroughly before agreeing to a purchase.
I bought my e46 330i from the dealer. 6 speed manual, lsd rear, 122k on the odometer, I got excited. 6 months later, replaced clutch, rear main seal, valve cover gasket (2x) oil filter housing gasket, all abs wheel sensors, many vacuum leaks i had to trace down, and so much more that i just upgraded rather than simply replace. Now I'm almost 2 years in the car and I've gone entirely through it and made it what I wanted.
The dealer knew it had issues, they got me, but I got the experience and a fast ass sexy e46 sedan in the end that, I built
That’s not true, most used car dealership are honest and you can get great deals from them. Buying new car is the real ripoff
This guy is pitching a line of crap no better than a typical used car huckster. Maybe worse. Get a car history through Carfax. Check KBB. Check NADA. Do a third party inspection ($100 - $150). Have selling dealer pull the repair history (assuming it's same make). Big gaps? Run. Think you need warranty? Don't buy it! Purchase a vehicle brand/model with a long established history of reliability. Pay cash. NEVER finance. And, finally, nothing wrong with dealer making a profit. It allows you to come back for another car. It's the Craigslist (one shot only) thief you must avoid. Right, Brad?
My parents bought a car from a used car dealership, and when they gave us the car and left our house we looked in the car and there were scratches everywhere and there was no back seats like they said they were… my parents were mad so they had to drive an hour away to return it but they wouldn’t take it. Now it’s been hard so this is a warning NEVER buy cars from there 😥
I have bought 40 motorcycles and over 30 cars/trucks in my lifetime. I have been inside the auto auction with a friend who was a dealer (I was a "driver" for his business). I will only buy from a dealer now. I have had problems with vehicles from private parties and once the money is in their hands, all their problems with the car/truck/motorcycle is now your problem. I bought and Audi Quattro from Acura of Reno. I got it out of the dealership as it was turning dark. Half way home, I turned on the lights and they came on. Then I hit the high beams and all the lights went dead. Put it back in low beam and all the lights worked. Called the sales manager and he said, "AS is means AS is." So, I filed a complaint with the Better Business Bureau and with the NV DMV. The sales manager called me the next day and asked me to bring in the car to be repaired on their dime. Audi had a common flaw with those cars and it was in the steering column. Acura sent the car out to Audi to be fixed. That too a week. In the meantime, Acura gave me a new car to drive and they filled up the gas tank for me before I left the lot. I drove their car for a week and they gave my car back with it being detailed before giving it to me. That is why I only buy from a dealership now. Those "check lists" are a legal tool against the dealership. The are bound by law to do a complete safety inspection and if they miss something (as is was with Acura), they must fix it or the DMV will take their license away... I met the owner of Acura and he apologized to me personally for the mistake. I gave them a good review since anyone can make a mistake, only a honest person will fix their mistake even if it cost them more than they sold the car for. Total repair cost from Audi to Acura? $3500. Price I paid for the car? $3800 OTD. They lost money on that deal...
For first time getting a car, dealerships are scams so where should I go and buy a used car?
I also worked at a body shop that felt with rental cars from hurtz and they used to piece those cars together never by a car that was a rental car I worked at another body shop that had a enterprise they never checked the oil level or coolant levels all they did when a customer brought a car back was wash and vacuum the car and call it a day
I bought a Nissan Titan from a dealership at a great price so I thought. After sinking another 5 grand into it now its a great truck will never buy from a stealership again
I think you should revise or make another video describing CPO. Some of your audience may interpret this video as never buying a used car from a dealer. The right cars, the right brands and the right dealers on a CPO can be the best purchase your going to make. I buy all my sports cars from private, but my daily Mercedes and wife’s Escalades are always CPO and never an issue.
How anybody could possibly lose a 1964 Chevy Impala SS, is beyond me. How the fk could that happen? Its just beyond me.
To clarify what you said about the warranty only existing problems with the car not covered I’m pretty sure new problems after you buy it are covered
Got a warranty on a 2006 Envoy Denali with 69k miles 2 years ago, currently has 108k miles and on its 3rd engine for oil consumption.
smart man!
@@IdealMediaChannel if you got a warranty use it!!
I sold my 13-year-old WRX with 161k and issues for $4200, rode my motorcycle to see a couple cars, and bought an 8-year-old Mazda 3 with 73k for $8000 cash. That was through a small used-car dealer and I felt like they were pretty good and straightforward with me. I'm normally against buying from dealers unless I can find the right deal.
I bought a 2009 370Z Nismo a few years back. 45K miles on the clock sitting in a used car lot selling mostly Mazdas and other imports. Was a bit pricey, but it was actually very clean car. I took it to the local Nissan dealer later, and they had a full service history. It really WAS babied. Fast forward 3yrs since purchase, and I have had zero problems. They even installed a “free” lo-jack to get me to sign. I guess I got lucky.
If you got cash or a credit union approval< always act like your going to let them handle the loan right up til the end and you've got the out the door price. My wife and I go as a team. One of us act like we've made up our mind and really like a car at another dealer. But the other tries to convince her or me that they love the car we are now looking at.
I got a 2013 Chevy Silverado 3500HD LTZ 6.6L Duramax diesel for $16,500. Book value on it is $24,000. I couldn't get that same truck from a private seller from a private seller. They were way higher. And it runs awesome.
Dealerships HATE selling cars at a loss... but they will! I've bought multiple cars from dealers after researching what they paid... and I know I 'stole' it from the. Just like you did with the truck! Great job!!
@@IdealMediaChannel Got a 2005 VW Passat TDi for $1000 private seller with 80k original still running fine. Got me a parts car same year make and model for $300. Good deals can be found privately or through dealers. It's a matter of how smart the shopper is and can you stick to being frugal instead of giving in to instant gratification
Bought an 02 liberty from one. Burnt oil and had to fill it up with water constantly. Every 2 tanks of gas was a quart of oil, with an mpg of 13 (not saying mpg was dealers fault). Engine blew 15k miles later but I’m making it my first project car
Ideally u want to buy a car from a private party buy unfortunately a lot times only the Used car dealer is going to have that particular car u want. So as a consumer you just have to be patient and wait or just suck it up and buy from a used car dealer and give them their profit
Alot of the cars that used car lots get are off-lease vehicles that are usually in pretty good shape, as the previous owners had an incentive to take care of them. They can be good choices, and private parties usually don't offer these for sale. Remember that they may have received minimal maintenance over the typical lease term (three years), and will need some items serviced upon purchase (i.e., brakes and brake fluid, for example). Others were rentals, which were driven by many people and are more subject to abuse. I'd generally steer clear of those. This info will oftentimes be on a Carfax. Private party purchases can save you significant money, but be prepared to spend substantial time and travel shopping, and always get a pre-purchase inspection, which could be a significant cost if seriously considering multiple cars. It may also be difficult to find private-purchase cars with the options that you want, and you could find a desirable car except for being turned off by that white or black interior, for example.
Thanks buddy I appreciate your time 😊
By the way - good video. You almost seem like a normal human being on this one.
🤪
wait till tomorrow :)
4:20 - If the dealer paid $6500 for a used car, they would list it for sale for at least $12,000. They would have to figure worst case that they could sell it for $8,000. They will not negotiate down in price more than $500. They will slowly lower the price if the car does not sell after 30 days, 45 days, 60 days, and especially after 90 days.
My mom and stepdad bought a used bmw 5 series and bought the extended 360 coverage. After bringing it home the engine went out on it, and they took it back and the dealership covered it $20k later the car is running great and my parents did not pay a penny on that repair. All I am saying is that it all depends on where you go for the used car.
most definitely! thats great to hear the dealership took charge!
@@IdealMediaChannel they probably just got lucky.
Love the videos man keep doing what you do best and much love from Oklahoma city
thanks man! much love!
Was a used car salesmen for over 10 years two problems here. Credit and cash. You are speaking about someone who has 5k or. 650 credit score a lot of people don’t have that. I almost forgot income as well no one will approve you if you have little or unproven income for at least a year. So you would cash if this applies to you
Bought a Porsche Cayenne 2005 in 2008 with 48000 miles, walked out and later got it for my price. I paid $25,000 including taxes. Got prepurchase inspection and the car was missing. I had it checked by Porsche under warranty just before returning it to the used dealer. He told me some spark plugs got wet when the UCD was cleaning the engine. They changed the plugs and now at 220,000 I am looking fod my next manual.
$7,500 in your examples, barely touches their PAC. Usually they will list it for $3,000 to $4,000 more than they paid for it.
Also if you decide to buy a car at a dealership never mention your trade in until you have got the best number, then talk about the trade to ensure you are getting an accurate trade in amount
Awesome advice my man!!!
Where in the world are they getting cars with 3-4K meat on the bone ?
Used cars: reasonable prices
Car dealers: expensive high end cars and time consuming. And very difficult
It’s the same for the larger-dealership too.
Ideal Cars: A friend of mine just bought a 2014 Fiat 500 Pop from a used dealer and they told him he can't drive it until 30 days ... that it will be illegal to. There was no temp. plate issued by the dealership. Everyone keeps telling him they were supposed to issue temp tags until he takes it to be registered, etc. He is financing the car with a finance company. Are dealers required to provide buyers with temp tags? Is this a shady car dealership ??
Recently bought a car from a used car dealership. I looked the car over (have experience with cars), and paid $150 to get the Prepurchase Inspection and it passed. Drove the car for 6 days and it died (engine failed). Dealer told me to pound sand, called the Warranty Company and they said it was a pre-existing condition they could not cover. Warranty Company somehow forced the Dealership to fix the car, one month later I've gotten the car back and returned it twice (more crap wrong). Still waiting to get it back, had to contact my state attorney general. DO NOT BUY FROM A USED CAR DEALER.
What car was this?
I had my eye on a 2009 XF Jaguar for $20000 and 97k on the clock that I thought was a fair price. Took it for a test drive and while I was out, stopped and got out to admire the car and reached into the glove box and found the manual, flicked through it and found a repair receipt from the previous owner whose name and phone were on it. Needless to say I phoned him and he told me the gearbox was faulty and he was looking at $25,000 to fix it. He traded it in on another car and they only offered him $8000. When I got back from the test drive I told the salesman and he said he would get back to me. Guess what, I'm still waiting a week later.
One thing to add.. Do not trust a carfax.. I bought a car that had a clean carfax, and 2 years after I bought it, an accident was reported...
I have only bought one car from a dealer in 50 years of buying used cars. In that one deal the dealer gave me absolutely nothing for my Datsun 210 with 300,000 miles. Since then I have done countless Garage Liability inspections on them and dealers suck big time for car deals for the consumer.
I used to work at oreillys auto parts hub store and small dealerships used to call asking for a quote on a sensor or really any part and they will always get the cheap stuff all the time
I bought a 2013 Veloster Turbo with 5,900 miles back in July of 2018. It was fully loaded, and had the special matte gray paint. This was like the 3rd Veloster I was looking at, it had a clean carfax, and I thought it was the best one so far. They were asking 15k but I negotiated it down to 11.5k. However, during the test drive, I wasn’t able to get it into 6th gear, and after I got home, that’s when I realized that the transmission was one of the few lemons. However, I got a used transmission with like 25k miles, swapped it out, and paid just over 2k for it. I still saved money in the end, compared to buying a brand new 2019 Veloster, without the turbo engine
Despite the bad transmission, and needing 4 new tires (they were the ones that came with the car new, the tread was fine but they were almost 7 years old and the sidewalls started bubbling), I think I still got a pretty good deal in the end. But I don’t think I’ll ever want to go to a used dealer again without bringing a mechanic with me
just actually got a car from a used dealer with 82k. with in 3 months of ownership come to find out i have a couple things worth 1,800 in repairs things (things that don’t make a sound when driving) come to find out my warranty package didnt include these repairs so i had to come out of pocket! he’s right. also don’t be blinded by the low miles! get a PPI always b4 purchasing.
Blown motor a week later 08 2 door altima car was only 4 years old...30k miles purchased from a used car dealership
dude im sorry my man!
@@IdealMediaChannel ya lesson learned the hard way they ignored my call after the first call
And how am I supposed to get my e92 alpine white m3?
Go back in time duhhh...
autotempest baby! find one private party, on fb marketplace, etc... btw you got good taste in cars!
@@IdealMediaChannel Facebook marketplace be running scams, I had person refuse to give me the VIN on the car they were selling. Also some Facebook Marketplace sellers be dealers posing as private parties.
Just imagine buying a haunted car from used car dealership
What I do is either buy NEW or from a private party that I know had the car for years and took care of it ! And I only buy from Toyota or Honda by the way so I’ve never been screwed.
In my 40 plus years of driving, I have bought 6 different cars from used car dealers. I have done research prior and then shopped around. I walked away from many. Of those 6 cars 4 were good to very good deals, one (a $500 van) was a wash, and on one I got reamed. The advantages were not having to deal with paperwork and inspection. I get the point of this video but in my experience is not an across the board truth.
Good job using a Miata as your example.. probably they most reliable/easy to work on cars ever. Then put it into a sports car class bracket and you pretty much have the most reliable sports car.
Well thought out. Dealerships play games. Its a business. They own prime real estate locations. Like Vegas.... everything is tweaked, just a little. This is how the casinos are built. They use ‘suckers’ money (including some of my own). Thanks for the advice/tips.
This dude looks like Frank from “How to get away with murder” lol
Dealers are so hard to negotiate. My dad tried to buy a used CRV from them, and they wouldn't take off more than $1000 off the listed price. So he bought a used CRV on craiglist for half the price.