CAR DEALER TRIES TO JUSTIFY HUGE PRICE INCREASE (FAIL): STEVE RICHARDS REACTION The Homework Guy

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  • Опубликовано: 11 дек 2024

Комментарии • 1,1 тыс.

  • @ericrog3426
    @ericrog3426 3 года назад +539

    If a salesman ever talked to me like that I'd leave immediately.

    • @alexanderjones8679
      @alexanderjones8679 3 года назад +32

      The guy's real name must be Richard Head.

    • @ranjanthomas5982
      @ranjanthomas5982 3 года назад +32

      I can't believe this guy uploads these videos of himself trying to bully people in this way. Anybody with even half a backbone would walk away. If someone threw a pen at me and said '' I need you to sign here'' I'm going to lose my temper and there is zero chance of a business transaction. This guy trains other salesmen?!!!!!

    • @richteritwan
      @richteritwan 3 года назад +6

      @@alexanderjones8679 hilarious! ....look here, Dick.....!

    • @heyitz_rj
      @heyitz_rj 3 года назад +17

      RIGHT! Pushy and condisending sales men like that PERIOD make me mad. Easiest way for me to walk right out the door. Wouldn't even give them time to respond just get up and leave. To me, that's a HUGE red flag that whatever is about to happen is not gonna be in my favor. It's best to not even waste time with people like this.

    • @bindingcurve
      @bindingcurve 3 года назад +8

      The thing is if they make 5 times as much profit per customer but lose half thier customers they are way way ahead.

  • @basilbcf
    @basilbcf 3 года назад +168

    When I was looking to buy a new Kia Telluride, I called a local dealer about price to order exactly the car I wanted (was willing to wait). They said $10k over MSRP due to Market Adjustment. LOL! I called dealers all over the country and found one that would order my car at a price I was willing to pay (was under MSRP). Had to rent a one-way rental car ($98) and drive 10 hours, but it was worth it. Local dealer will NEVER get my business.

    • @Costarica-mq8el
      @Costarica-mq8el 3 года назад +3

      There you go and congratulations on your new vehicle. I'm planning to do the same thing. I'm from SoCal California and just will pick up my new truck in northern California and I paid $450 under MSRP.

    • @basilbcf
      @basilbcf 3 года назад

      @@Costarica-mq8el A few years ago, when I bought a new Corvette, I knew what I could buy one for before I walked into the dealer. Since I was doing "Museum delivery" and picking up the car in Bowling Green, I didn't care where I bought it. I walked into the Sales Manager's office and said, "Look, I'businesssell top menumber

    • @ranjanthomas5982
      @ranjanthomas5982 3 года назад +11

      Anybody who pays $10K over MSRP for a Telluride needs their head checked :D. Kia makes pretty good cars but a Telluride isn't a collector's item for heaven's sake. There must be people paying these ridiculous mark ups otherwise dealers wouldn't be trying these tricks.

    • @alexanderjones8679
      @alexanderjones8679 3 года назад +3

      Tell them "Tell u ride me a better offer, I'm going to be Tell u poundsand."

    • @pkt1213
      @pkt1213 3 года назад +1

      You need to make sure they get all your warranty and recall business. 😆 My uncle did the European delivery with his Volvo S80 T6 (probably one of the first ones in the US). After talking to every dealership withing 5-600 miles no one wanted to work with him on setting it up. Finally found a guy and all he did was set up European delivery. So my uncle did that and then it would be delivered to any dealership in the US so naturally it went to the closest whom turned down his business several times.

  • @michaelb.8953
    @michaelb.8953 3 года назад +63

    "You're slowing us down" here let me speed it up for you as I get up and walk out.

  • @cheeseburgerbeefcake
    @cheeseburgerbeefcake 3 года назад +84

    This $40k truck she is selling for sure dosn't need swapping out - unless she needs to keep up with the neighbours!

    • @JRMr313
      @JRMr313 2 года назад

      You mean the Kardashians!

  • @ditttch
    @ditttch 3 года назад +256

    Steve Richards is the perfect example of the stereotypical slime ball salesman. I would never deal with someone like him.

    • @jeffmorse645
      @jeffmorse645 3 года назад +6

      He's old school looking at his age. They were horrible back then and I guess never gave up their 1980s tactics from when they were first trained.

    • @I_Eat_Meat12345
      @I_Eat_Meat12345 3 года назад +3

      I think Andy Elliot comes across as sleazier.

    • @martyhog01
      @martyhog01 3 года назад

      Definitely! I would NEVER buy from a guy like that. even if he had the best deal.

    • @anthonymelchor2285
      @anthonymelchor2285 3 года назад +1

      Super false and misleading. You all need better education then this RUclips channel. Just cause you open a channel doesn’t make you an expert.

    • @ITILII
      @ITILII 2 года назад +1

      Reminds you of an old guy by the name of Joe, who stayed in the same line of work, and consistently remained amoral, among other negative traits....

  • @Library_of_Lunacy
    @Library_of_Lunacy 3 года назад +180

    Steve Richards is an absolute disgrace to the auto industry. He represents the absolute worst of what salesmen represent!

    • @samsmith3025
      @samsmith3025 3 года назад +10

      Hes actually not that bad, there are for more snakelike salesmen.

    • @wjhandy
      @wjhandy 3 года назад +5

      He is the classic example of one that has been doing it to long.

    • @GA-wq8xq
      @GA-wq8xq 3 года назад +3

      His videos are great. He is a great character

    • @meep2059
      @meep2059 3 года назад +2

      Can we watch the video without this dude commenting on everything said?

    • @Trendyrapslut
      @Trendyrapslut 3 года назад

      .not sure if serious

  • @Donmecca415
    @Donmecca415 3 года назад +82

    I don’t care if he gave me an epic deal. If he would’ve talk to me like that I would’ve got up and walked away.

    • @CenlaFrogman
      @CenlaFrogman 3 года назад +1

      I'd imagine he's had more than a few tense encounters with people not putting up with his attitude.

  • @Slw1111
    @Slw1111 3 года назад +125

    The moment he said "No!" in such a condescending and arrogant manor, would have been the moment I stoood up and walked out without a backwards glance or word.

    • @williamhaynes7089
      @williamhaynes7089 3 года назад +4

      they prob have her trade in keys hostage

    • @dougwalker4947
      @dougwalker4947 3 года назад +10

      Had that happen to me once. Sales manager holding my keys, when I asked him which one's ass I had to whip to get my keys the manager literally took them out of his pocket and threw them at me. If my wife hadn't been there with me I would have gone to jail that night!

    • @JUAN75001
      @JUAN75001 3 года назад +3

      @@dougwalker4947 Let them hit you first then you can legally can beat the shit out of them lol

    • @JohnS-il1dr
      @JohnS-il1dr 3 года назад +2

      @@dougwalker4947 you should have at least verbally assaulted him to embarrass him at the sales floor.

    • @churblefurbles
      @churblefurbles 3 года назад

      He could tell she wasn't serious, a 40k trade in and she's quibbling during a shortage where she has zero bargaining power. Either she can't afford what she's doing or she's just not worth dealing with, in any case he could be just getting rid of her. Its not nice, but on the other hand this fake socjus outrage over a person doing frivolous luxury shopping completely ridiculous.

  • @basilbcf
    @basilbcf 3 года назад +50

    That guy is a condescending prig! He would NOT have sold a car to me that day.

  • @jonsmith1259
    @jonsmith1259 3 года назад +85

    Anyone else catch the "$25 per month for the right color?" Just so happens $25 x 60 months=$1,500. Just another way of trying to disguise the "Market Adjustment"

    • @lymecat
      @lymecat 3 года назад +20

      I would have just used his own logic against him.
      "If it's only a dollar a day, why won't you come off of it? Your dealership can't handle a dollar a day to get a customer the right color?"

    • @cynthiaayers7696
      @cynthiaayers7696 3 года назад +1

      $1,500 that's a pretty cheap a×× paint job, they usually cost way more then that.

    • @michaelolsen4733
      @michaelolsen4733 3 года назад

      Thats what he was explaining he was saying the $1500 divided into the term of 60 months was only $25 per month. And he aaid a little less than $1 a day but its acctually alittle over $1 a day

  • @gwillis01
    @gwillis01 3 года назад +41

    I don't need to buy a car that badly. I will wait until the car market adjusts downward.

    • @I_Eat_Meat12345
      @I_Eat_Meat12345 3 года назад +1

      That is exactly what I am doing.

    • @ryanarchibald2907
      @ryanarchibald2907 3 года назад +1

      You’re like the guy trying to time the stock market, good luck. What you don’t do today can cost more in the future

    • @ryanarchibald2907
      @ryanarchibald2907 2 года назад

      @@doomguy3233 More like, wait and pay more. Car Makers have had a rather unusual response to dealers charging over sticker, they said they will start raising prices because they think their cars are priced too low. My Wrangler order has price protection and has went up over 3k if I would have waited.
      Besides if you have a trade, you are getting stupid money in this market, I got thousands of dollars more for my trade than I paid. "BUT GUYS WAIT" lol, don't be a sucker.

  • @jacksavage4098
    @jacksavage4098 3 года назад +117

    Car salesmen give thieves a bad name.

    •  3 года назад +2

      💯%

    • @ITILII
      @ITILII 3 года назад +2

      The four horse's asses: bankers, media, politicians and car salesman....all here to pave the road to hell for you.....

    • @kevinkayleesflyingadventur9209
      @kevinkayleesflyingadventur9209 3 года назад

      Incorrect, most are great family people just like you. It’s guys like this that give us a bad name.

    •  3 года назад

      @Dwayne White It is a tag team..it starts with the car salesmen setup to help the finance manager execute the plan ounce in the finance manager's office.

  • @robertc4826
    @robertc4826 3 года назад +30

    When a dealership has people like this man I'll just walk out.

  • @mastring1966
    @mastring1966 3 года назад +157

    "i'm not willing to pay that much, you'll need to come down on the price"
    "No"
    "all rightey then. Have a good day, I guess i'll wait till the chip shortage is over or by privately"
    and walk out. do not do business with him again.

    • @lordxandalf
      @lordxandalf 3 года назад +4

      The problem with that is that private party prices are up, and just like dealers, they aren't willing to settle for less. Ultimately when you're going private party, you need to ask yourself this, if you were the seller, and your car was worth $X would you settle and sell for $Y at a lower price?

    • @scottmattern482
      @scottmattern482 3 года назад +13

      Good luck ever buying a car again. Supply and demand (the market) dictates price, not a salesman.

    • @lordxandalf
      @lordxandalf 3 года назад +4

      @@scottmattern482 exactly!

    • @ericherrero3212
      @ericherrero3212 3 года назад +5

      Just wait. I sit on craigslist for months looking for a deal.

    • @jonmassey4008
      @jonmassey4008 3 года назад +4

      @@ericherrero3212 COngrats! You represent less than 5% of the market. I am going to sell the other 95%.
      This is pretty easy guys. Cars are being sold faster than they can be replaced so if you want one, you're going to pay a premium. Don't want to? Thats fine. We are still going to run out of cars at some point and we are going to capitalize on every customer that doesn't want to wait. I WILL SELL THE CAR... It doesn't have to be to you. No hard feelings, have a great day

  • @remoskins1437
    @remoskins1437 3 года назад +34

    I was puzzled as to why she needed a new truck if the one she had was worth $40,000. Good video.

    • @coryCuc
      @coryCuc 3 года назад +2

      I thought exactly the same thing

    • @1linkbelt
      @1linkbelt 3 года назад +2

      That is the kind of "customers" these jerks love!

    • @billyryder501
      @billyryder501 3 года назад

      How much is the new one she was paying 1000 a month

    • @JayKay9112000
      @JayKay9112000 3 года назад

      Rich people

    • @nyraven125
      @nyraven125 3 года назад +1

      It was a training video it wasn't a real customer.

  • @Sonny84586
    @Sonny84586 3 года назад +27

    Oh, so he’s going to drop the whole deal for a mere “dollar a day?!” Pretty easy to turn that argument right back around on him! Who’s being stingy over a buck? That would be you!

  • @jeremyhutchens984
    @jeremyhutchens984 3 года назад +19

    If a salesman ever talked to me like that I don’t care if they had the best deal in town I’d tell him to kick rocks

    • @BeTrue2Yourself413
      @BeTrue2Yourself413 3 года назад

      I agree with you! Similar salesman attitudes happened to me yesterday when I was going to a Lake City Toyota dealership parts department accused me of soliciting one of their customer in a parking lot simply by talking to that customer. After buying 2 cars in less than two years from them thats how they treated their customers.

    • @Mr_Zesty
      @Mr_Zesty 3 года назад

      For real, he’s be getting more than ill think about it.

  • @chrisrobbins5045
    @chrisrobbins5045 3 года назад +47

    You do realize that Steve is not talking to a customer. It is a training exercise with the salesperson. Still sleazy tactics though.

    • @kevinfloyd808
      @kevinfloyd808 3 года назад +2

      That was his excuse as well..but what's the point of a Trai ING exercise that would be totally inappropriate to use with a customer? If it's supposed to be an example of what not to do that should be stated. But this richards idiot always sounds like this..

    • @binkydamauler
      @binkydamauler 3 года назад +3

      not all of them are training videos with staff. he loves filming himself screwing ppl over so he can show everyone and brag

  • @JoeyBaby47
    @JoeyBaby47 3 года назад +16

    One thing I've learned from you guys and others is to negotiate the price before even stepping into the dealership. No need to waste time traveling between them.

    • @BartStar009
      @BartStar009 3 года назад +1

      that doesn't work, tried that, dealers, salesmen will lie and say I told them different numbers, that's WHY they don't answer texts and emails with prices KNOWING you as the customer can copy that as evidence , when you're inside a dealership and they refuse to give a copy of the sales quote they will also stop you from taking a picture of it with your phone

    • @JoeyBaby47
      @JoeyBaby47 3 года назад +1

      @@BartStar009 Then that dealership really does not want to deal or make the sale. Walking away is easy. Often times they'll charge you down.

  • @jhino2926
    @jhino2926 3 года назад +4

    So recently I told a car dealer that I was just going to wait and he did the “market won’t offer you this much for your trade when the market returns to normal talk”.
    Which I replied with “well when the market returns to normal more dealerships will have new inventory, creating more competition which will bring back dealer rebates and more reason for car dealers to negotiate. Which should offset the trade in normalcy we are seeing.
    Also do yourselves a favor and use carmax with kbb/nada and seek similar vehicles that match your trade in the local area you are buying in as way to see what your vehicle is truly worth in today’s market before shopping at other dealers.
    I wouldn’t be in todays market if our sedan was still large enough for our growing family.

  • @Vcolema81
    @Vcolema81 3 года назад +25

    When this man says here's the bad news I would have walked the f out

    • @bamahama707
      @bamahama707 3 года назад +1

      That's his REAL bad news.

    • @Akecherfd8424
      @Akecherfd8424 3 года назад

      This guy has no conscious. I would have walked away really quickly and probably told him off as I left.

  • @comeonman1100
    @comeonman1100 3 года назад +38

    I never hear stories of people saving thousands when demand is down.

    • @chickenmuffin
      @chickenmuffin 3 года назад +8

      No? I save thousands when I buy cars.

    • @randyreynolds7127
      @randyreynolds7127 3 года назад

      ok let me tell you one i never payed anywhere close to MSRP and never will when i go to the dealership i tell the sales manager i'm here to buy a new car. i know what i want and the only thing your sales team can do for me is talk me out of it

    • @chickenmuffin
      @chickenmuffin 3 года назад +1

      @@randyreynolds7127 I have heard so many people who "couldn't get a deal." I mean you can't just get it because you want it, you need to play the game.
      I ask, "well how many dealerships did you go to" and they say "oh only one and I told them they had the perfect car for me! But then when it came time to bargain they wouldn't."
      You have to be willing to walk, and actually do it. In fact one should practice doing this a few times. Although it seems somewhat unethical that's life. You have to practice something to get good at it, and salesmen practice on you all day don't you worry about it. Go in somewhere, get almost to the end and then leave. Feel how liberating it is to free yourself from the debt you just took on, and then remember that feeling before actually taking on the debt for the car you'll actually buy, in case you need to walk.

    • @jtodd0221
      @jtodd0221 3 года назад +2

      @@chickenmuffin best deal we got was in 2019 when we got up and left and they called us back the next day begging for our business.

    • @chickenmuffin
      @chickenmuffin 3 года назад

      @@jtodd0221 this is the way.

  • @Stoic_Pioneers
    @Stoic_Pioneers 3 года назад +14

    It's useful to know they use to sell cars at invoice in 2019 and give a discount on top of that. Thanks for sharing!

    • @zjones9876
      @zjones9876 3 года назад +1

      Yes that was 2019. This is now. The market conditions aren't the same.

    • @Stoic_Pioneers
      @Stoic_Pioneers 3 года назад

      ​@@zjones9876 Bought my jeep for 500 above invoice two weeks ago.

    • @zjones9876
      @zjones9876 3 года назад

      @@Stoic_Pioneers Yea because it's a Jeep. The only good models they make are the GC and the wrangler.

  • @bombero3368
    @bombero3368 3 года назад +56

    Market adjustment is just another word for extortion. Does that market adjustment also apply to your trade-in?

    • @Chief_5
      @Chief_5 3 года назад +1

      Price gouging! 😄

    • @lordxandalf
      @lordxandalf 3 года назад +5

      Yes, the market adjustment is applied to the trade in. It's based off the book value. If you go research the auction prices, they are way up. Simple economics. With that said, don't go expecting retail value for your trade in, a lot of times people mess up when negotiating a deal and go based off what they feel is a good offer and not what the actual market is bringing for their trade in. That's not to say you should just settle at the first offer, but you should research the market and understand that some cars that are booking higher aren't always worth what the books say. In some cases, the books say that the trade in value is worth more than the original MSRP. That would indicate that the new car price should adjust accordingly.

    • @Mistachill
      @Mistachill 3 года назад +3

      @@lordxandalf So in theory the "market adjustment" was excessive since profits have dramatically increased, correct? If this were a legit "market adjustment" shouldn't profits have remained flat?

    • @lordxandalf
      @lordxandalf 3 года назад +2

      @@Mistachill not always the case, I don't agree with the market adjustment that some of these dealers are doing. However, it does them no good to sit with an empty lot, we have already established that people will pay MSRP, we have also established that no inventory is coming in. With that said, they need to hold inventory and make more money to adjust the loss of inventory coming in.

    • @bamahama707
      @bamahama707 3 года назад

      NO.

  • @williamhaynes7089
    @williamhaynes7089 3 года назад +10

    i suprised at 3:27 steve said 'No', usually its the ' i have to talk with my manager' bs and they go hide for 10 mins

    • @waterheaterservices
      @waterheaterservices 3 года назад +1

      @@stevearcher6100 I have left while the salesman was talking/procrastinating with his sales manager. Just for fun.

  • @cygarza
    @cygarza 3 года назад +42

    If a salesperson ever spoke like that to me or my wife trying to make a deal, they would be on the floor watching me walking out.

  • @kevinmcnichols541
    @kevinmcnichols541 3 года назад +41

    "Steve" is the kind of guy you use this line on right before walking out - "Congratulation, you win (pause to watch their face light up with glee) you don't get to sell me a car today"

    • @BobSmith-mc7uq
      @BobSmith-mc7uq 3 года назад +5

      Damn good line to use!!

    • @CraftAmundous
      @CraftAmundous 3 года назад +7

      Tucking that away for future use!

    • @tmcclafferty
      @tmcclafferty 3 года назад +2

      The one that has given me the best result, you have to sell cars to make a living, I buy a car every 3-5 years, you don’t want to meet the price I want, I’ll go to another dealer that will. And most times they don’t let me leave. 😁😁

    • @chamjack
      @chamjack 3 года назад

      🤣😂

  • @vickieb15
    @vickieb15 3 года назад +1

    My husbands 2005 Honda Pilot died in February and valued less than the repairs so we began to look. I didn't run into a dealer as obnoxious as this but we got the same story of cars selling at premium prices. We needed a vehicle with little bit of towing capacity, nothing big, but the price tags at car lots was overkill. After watching your channel we decided to buy a used vehicle from a private party to get by the next year or two. Cost less than repairs or what we would have overpaid if we bought at a lot. This gives us more time to do our homework and be prepared when we do to buy the gently used truck we are looking for. Thanks Homework Guy and Team!

  • @deel152
    @deel152 3 года назад +3

    This is exactly why dealerships need to start being examined more. These "tactics" are so immoral and unjust that its just plain criminal and above that it a real "slap in the face" I would like it no more than to actually slap some of these crooks right in there face!!!! Good thing that she decides to walk away... BRAVO!!:)
    As always thank you guys for another great video👍

  • @jsm2687
    @jsm2687 3 года назад +2

    The challenge has always been finding the dealer who gives you all the information you need without ever setting foot on their dealership. They are hard to find but they are out there.

  • @carrietoo
    @carrietoo 3 года назад +3

    Yeah I agree with Elizabeth. The buyer should have walked. At the first sign of condescension I would have been gone.

  • @bigdougscommentary5719
    @bigdougscommentary5719 3 года назад +1

    When buying a used pickup for my son’s first vehicle, we messed around at the dealership for three hours and they tried every trick shown in these videos. We told them no and got up to leave. We got in our vehicle and drove from the lot. In the rear view mirror, I observed the salesman and sales manager rushing out the door to see that we had left. The next day, we get a phone call from the salesman saying that the sales manager was “forcing” him to take the deal we wanted. ALWAYS prepare to walk.

  • @whiskers78753
    @whiskers78753 3 года назад +6

    I called Steve Richards thin-skinned once, and he responded by saying that him responding to viewers boosts his channel's views.

    • @mesflyer
      @mesflyer 3 года назад +1

      Might be true

  • @dukemathews2015
    @dukemathews2015 3 года назад

    Watched your videos, I purchased a 2021 Tacoma off-road last November last day of the month. I played hardball on is the best you can do! I negotiated $5,000.00 off MSRP and approx $1,800.00 over high blue book on my trade, when 15 dealerships wanted $1,500.00 over MSRP. Patience and my due diligence on being the informed buyer was my best friend! Thank you Kevin for your videos !!!!!

  • @mobilecommunicationsnetwor5268
    @mobilecommunicationsnetwor5268 3 года назад +5

    This decoding of the sales tactics is excellent, thank you.

    • @KevinHunter
      @KevinHunter  3 года назад +2

      Decoding is a perfect way to put it. That's exactly what we're doing. The example is textbook for what a customer should do, so this was an excellent video to review for our audience.

  • @Andy-im3kj
    @Andy-im3kj 3 года назад +4

    Just avoid the dealerships all together if you can. I'm sticking with private sales and fixing the car myself vs. whatever the dealership offers.

  • @benth162
    @benth162 3 года назад +6

    At 75 today I'll probably never purchase a new car again, but I have been known to walk out of dealership with a salesman in tow begging me to come back in to finish the deal. I think I posted that in another one of your videos. Buyers need to understand the psychology which is used against them and the contrived lies the salesman and finance managers spew in your direction.

    • @829joliver
      @829joliver 3 года назад +3

      At 72 years of age, I too share your exact sentiments having probably now bought my last "new car" just last year for my spouse. There should be a law in very state that mandates that a large, "Caveat Emptor" sign be prominently posted at the entrance of every car dealership. Problem is that most car buyers can't read Latin or are clueless as to just what it means. You can't fix stupid...

    • @jeffmorse645
      @jeffmorse645 3 года назад +1

      @@829joliver Ah, come on now! You guys will be driving a lot longer! Be positive! 🙂👍

    • @829joliver
      @829joliver 3 года назад +2

      @@jeffmorse645 Thank You for your very kind sentiment! I only wish that my cardiologist expressed those same thoughts...

  • @skapunkoialternativeliving6522
    @skapunkoialternativeliving6522 3 года назад +4

    Great teaching moment on these videos for those fools who do car payments and can't really pay for that cars. .

  • @drakesavory2019
    @drakesavory2019 3 года назад +7

    "You're slowing us down! Because I'm not taking this off." "Bye. I'll get my truck at the other dealership."

  • @nick9124
    @nick9124 3 года назад

    i just found this channel... NEVER BEEN HAPPIER! :)

  • @mark7seven
    @mark7seven 3 года назад +7

    Car dealers in the used market are being tough on price right now. They cite the supply, and I get that. But the price bump is way out of proportion to the shortage. Sadly I am in the market for a used car for my soon to be licensed driver son. Trying to be patient and wait for the right Deal.

    • @lordxandalf
      @lordxandalf 3 года назад

      Man I hate to tell you this but, you'll be waiting a very long time. Everything is going up in price, not just cars. Food costs nearly 25% more, electronics are through the roof at the moment, so it's going to take a very long time for things to level back out again unfortunately.

    • @lordxandalf
      @lordxandalf 3 года назад

      @Bones McGillicuddy I guess if you want to get political then yes and possibly no. Depends on the extent of the damage done.

  • @brianmaloney45
    @brianmaloney45 3 года назад +5

    The market is nuts. I bought a car in April of 2020 (amazingly good fortune time wise) and I keep getting offers from the dealer to buy it back for what I paid for it. This might fool some people but basically it's just "we can get you in a new car for even more money, come on down!" And some actually fall for that.

    • @ItsLuwee
      @ItsLuwee 3 года назад

      Same here. I just bought my car less than a year ago.

    • @stephengraziano1872
      @stephengraziano1872 3 года назад

      I bought a 2018 Mercedes Benz E class with 20k miles on it this past December. I drove it until May, put 8k miles on it, and traded it for 6k dollars more than I bought it for 🤷🏻‍♂️

  • @markrichardson3566
    @markrichardson3566 3 года назад +1

    Who would want 2 buy from that guy

  • @ML-lr9tl
    @ML-lr9tl 3 года назад +6

    Car dealerships are a thing of the past. They need to be eliminated completly. Manufacturers should be able to sell directly to the consumer and cut out these riduculous middle men.

    • @stephengraziano1872
      @stephengraziano1872 3 года назад

      Hahahaha MSRP. MANUFACTURERS suggested retail price. Dealerships allow you to negotiate the price because they buy thousands of cars from the manufacturer so they receive a (pretty small) discount on the vehicles (holdback and invoice) markups are negligible in this day and age. I worked for Jaguar and a 65,000 dollar is marked up 1.5%! Range Rovers are marked up 4%. So on a 100k dollar car the dealer has 4K dollars of negotiating room. Have you ever heard of a company named Tesla? Guess how much negotiating you do with them? ZERO. They pick the price, and you pay it. If manufacturers sold directly, you lose 🤦🏻‍♂️

    • @stevornrichards1380
      @stevornrichards1380 2 года назад

      ​@@stephengraziano1872 yep, simple economics really. that's what most people don't know

  • @17forever64
    @17forever64 3 года назад +1

    I have purchased many cars in my life and have never had anyone treat me like this, I would have walked out. He is so condescending!

  • @SoCal_Jeff
    @SoCal_Jeff 3 года назад +4

    "There is such a short supply of these vehicles and such a high demand..."
    ...that maybe you should consider a cheaper, yet high-quality used vehicle to suit your needs.

  • @mkcollective1
    @mkcollective1 3 года назад +1

    Another great video! I'm learning so much from you both - I've told my family and friends about your videos.

  • @darkko1969
    @darkko1969 3 года назад +6

    Great video. I would have walked when he started getting an attitude. But, I'll have to say, When I'm going to keep a car for 15 or more years, I'm going to get the color I want :)

  • @robertfrank7123
    @robertfrank7123 2 года назад

    Thanks for going through the process of putting these videos up. Such a painful process and it doesn't have to be that way.

  • @bobm21
    @bobm21 3 года назад +9

    Right when he said here’s the bad news I would’ve said you’re right, you just lost the deal bye!

    • @stephengraziano1872
      @stephengraziano1872 3 года назад

      Here’s the good news, someone will come in right after you and pay full price 🤷🏻‍♂️

  • @fftb8442
    @fftb8442 3 года назад +2

    Great video! Getting ready to purchase a car and learning from the best here to avoid all the nonsense that happens at a dealership.

  • @melaniecurtin6402
    @melaniecurtin6402 3 года назад +6

    I would have walked out when he either said No or when he started getting condescending 😡

  • @MrRusoloco
    @MrRusoloco 3 года назад +1

    I wanted to buy a Subaru outback wilderness, and the dealership wanted MSRP (40k), I asked for a discount, and they said no. Well, I guess I will continue driving my old honda civic for 2 more years and put the downpayment into the market (15k). Let me tell you, there are plenty of good plays that will double your initial investment in one year. A hint: oil companies. By the way, I have enough $ to buy more than 10 new of those outbacks, but I refuse to let my $ go without getting tangible value for it. As I said, if I can wait 2 more years for a new car even though I have the $ to buy it cash, you can also. By the way, I drive a 2006 honda civic with 207k miles. Be smart with your $, don't let others shame you for being frugal. At the end of the day, you are the buyer, so you have the last saying.

  • @holicanoli123
    @holicanoli123 3 года назад +16

    These “adjustments” are designed to soften you into paying MSRP for a generic economy car and thinking you won and got a good deal 😆. Seriously though, complain to corporate; some (but not all) carmakers hate this practice and will reduce a dealer’s SUV allocations as punishment!

    • @Gyansdad
      @Gyansdad 3 года назад

      very similar to the home market

    • @bamahama707
      @bamahama707 3 года назад +1

      Screw the DEALER'S SUV allotment...I want a better price, as a CUSTOMER.

  • @Newaggie
    @Newaggie 3 года назад +1

    Great job , this play by play makes it so much easier to level the playing field. Keep empowering folks.

  • @vrod1a
    @vrod1a 3 года назад +3

    “Mr dealer I drove in here in a nice vehicle and I will drive out of here in a nice vehicle, regardless of if you manage to sell me one or not”

  • @robertchulajr7231
    @robertchulajr7231 2 года назад

    These example videos are priceless in teaching me how to negotiate! Thank you.

  • @Joes_Apartment
    @Joes_Apartment 3 года назад +3

    Another great video Kevin and Elizabeth! I'll be emailing you my recent experience with a crooked car dealer for your entertainment. Haha

  • @Sonny84586
    @Sonny84586 3 года назад +1

    “Go ahead, and initial that payment, and sign right there!” He’s just so enthusiastic about what a great deal this is for you! He’d sign it himself if he could!

  • @greggalletta8679
    @greggalletta8679 3 года назад +5

    Market adjustment, DOC fee, Window etch, nitrogen tire fill....It never ends.

  • @jayjohnson7827
    @jayjohnson7827 3 года назад

    I went to a car dealer that advertised a 1965 mustang that was sold by the time I got there. Not surprised. They turned me on to another car, not surprised. I told them I would buy it only if payments are less than $300. The 'best' deal they could do is $305.47 and asked me 'Are you going to let $6 come between you and this car?' (that I don't need). I said 'Are you going to let $6 come between you and this sale?' He did and I didn't get a car I didn't need.

  • @gwillis01
    @gwillis01 3 года назад +5

    Economics 101 says scarcity makes prices go up

  • @baileydonahue7314
    @baileydonahue7314 3 года назад +2

    This video just made my day and now I’m definitely going to wait to buy a new car once they become more reasonable and I have the opportunity to make a larger down payment. YOU GUYS ARE THE BEST!!!

  • @aldoraine9949
    @aldoraine9949 3 года назад +14

    Tips on how to get the best deal: dont buy a car lol

  • @mridgaf9979
    @mridgaf9979 3 года назад +1

    Love this video. I’m in NEED of a car and unfortunately I have to buy one ASAP. After watching this video i’m starting to feel a little nervous. I don’t know what to do

  • @georgemartin1436
    @georgemartin1436 3 года назад +3

    I got angry listening to that guy in short order and knew I would not deal with such a person.
    I've seen some of his training videos with a bunch of salesmen trainees clapping like seals. Glad I have not encountered such people...so far...

  • @poll2dock
    @poll2dock 3 года назад

    Will never forget the time my husband and I went into a dealership and I was looking for a jeep. At the time I was in my early twenties. My last two cars were manual transmission, manual choke and you had to manually lock the hubs for 4 wheel drive.
    When the salesman finally even acknowledged me to point out that my husband shouldn’t let ‘his little woman’ drive the Jeep.
    I laughed in his face and we walked.

  • @jimmynorton1001
    @jimmynorton1001 3 года назад +3

    May I make an admission?. I am at least 8 to 10 years away from having to buy another car yet this subject about car buying is highly interesting. Why?

    • @raccoon874
      @raccoon874 3 года назад +1

      because knowledge is power

  • @Adam-uo2mc
    @Adam-uo2mc 3 года назад +1

    I love when they use the two classic lines "My boss is going to to kill for this" and "I can only do this deal today"

  • @prometheusone6535
    @prometheusone6535 3 года назад +3

    HOW ABOUT BUYING A VEHICLE FROM A PRIVATE OWNER AND HAVING A COMPANY LIKE LEMON SQUAD DO THE PRE- PURCHASE INSPECTIONS ?

    • @bindingcurve
      @bindingcurve 3 года назад

      Any private seller who has their car priced decent will have a flipper showing up inside of a hour with cash in hand and no inspection crap.

  • @54tristin
    @54tristin 3 года назад +1

    People will remember how people behave during the car shortage I just recently got a new car and was treated like crap by somebody I’ve been working with for four years I just turned around and bought a new car somewhere else and he will never get a new car sale from you again people will remember when you abuse people in gouge them they remember member

  • @aa777flyer
    @aa777flyer 2 года назад +6

    I love it when you guys go after Steve. I actually love to watch his videos then comment to him about how bad he is and how no one would fall for his BS. I usually get a not so kind reply!

    • @GA-wq8xq
      @GA-wq8xq Год назад

      He replies well to me, maybe you are just rude

  • @wildearpsadventures4991
    @wildearpsadventures4991 3 года назад +1

    You guys rock!
    I truely appreciate these "reaction" videos. Really helps me see the tactics 1st hand.

  • @charlie-1850
    @charlie-1850 3 года назад +9

    Lol. The balls on this guy! 😂 walk...just walk away! He is not doing you a favor. You are giving them the honor of having them doing business with you. Walk away! DO NOT LET THEM FEED YOU CRAP AND THEN SAYING IS STEAK.

  • @silo_fx3182
    @silo_fx3182 3 года назад

    GATHER YOUR KEYS AND STAND UP. This is a great video

  • @knowthinself8107
    @knowthinself8107 3 года назад +3

    ...downfall in anything is caused by instant gratification...standing in line at midnight, pre-payying, paying the marked adjusment....

  • @BartStar009
    @BartStar009 3 года назад

    very good, enjoyed watching that, learned a lot, I play the waiting game buying a new vehicle, I give the dealer all the time he needs to meet my price, most never call me but sometimes I get lucky when a dealer will call me 2 weeks later meeting my price, me, I have fun fighting with salesmen, and LOVE it when they answer your question with another question, and they HATE it when I write down a question to ask them

  • @jamesbullock9209
    @jamesbullock9209 3 года назад +3

    I think I’m going to openly record the salesman next time I’m in a dealership and inform them I’m going to scrutinize EVERY. SINGLE.WORD. they say. If they don’t agree with my tactic, I walk.

    • @lordxandalf
      @lordxandalf 3 года назад +1

      Here's the thing, if you go in looking for a fight, you will always get a fight. If you're going to negotiate a deal, then negotiate a deal. Don't go in and be a jackoff for the sake of "negotiation", that never accomplishes anything. Never Split the Difference, Negotiating like your life depends on it. It's a great book on how to negotiate a good deal for anything.

    • @jamesbullock9209
      @jamesbullock9209 3 года назад

      @@lordxandalf Relax, dude! It was meant to be a funny post. Seriously, who would do that unless they’re looking for a fight? It just paints a funny mental image for me.

  • @richteritwan
    @richteritwan 3 года назад

    I Love You Guys! Never miss a single show. #MoreInformedEveryday #Waiting

  • @ClockFixer
    @ClockFixer 3 года назад +32

    If a Car Salesman's lips are moving, you are being LIED to.

    • @dubsteppro777
      @dubsteppro777 3 года назад

      Buyers are liars

    • @LinLi-hi1zj
      @LinLi-hi1zj 3 года назад

      The best you can get at dealership would be a fair deal not a good deal

    • @dubsteppro777
      @dubsteppro777 3 года назад

      @@LinLi-hi1zj thank you!

    • @dubsteppro777
      @dubsteppro777 3 года назад

      @@jerrylundegaard2592 How do you expect somebody to help you if you're not allowing them to help you? Not all of us are trained to sell high. Most of us at least, nowadays thanks to the Internet are trained to push a unit out which means we're more focused on getting you what you need and want at the right price point versus making as much off of you as we can. Feel free to ask your salesman how he gets paid. if he gets paid off gross he might try to upsell you if he gets paid per unit he has no intention to and has no incentive to. And personally if I have somebody who refuses to give me any information I kick them off the lot and so it's off the lot and suggests they go to a dealership where the salesman gets paid off gross that way they come back and treat me a little better. It's funny the same people who hate sleazy salesman act sleazy towards salesman

  • @VIDEOHEREBOB
    @VIDEOHEREBOB 3 года назад +1

    Hey Kevin, Thanks for telling us about Flywheel. Great movie and man, I got a little teary eyed on this one..... laughed a bunch too.

  • @juandominguez8536
    @juandominguez8536 3 года назад +7

    Rick Hendrick GMC really tried to charge me a $10,000 market adjustment on a new Sierra Denali 😂😂😂

    • @coldsteel998
      @coldsteel998 3 года назад +3

      Same here in FL but the idiots are lining up and paying it apparently...

  • @shane250
    @shane250 3 года назад +1

    Unfortunately, it's a sellers market now. The dealer can just let you leave and wait for someone who's willing to pay what they want, it's not like the old times that they would get stuck with inventory if they did that. The inventory is so low, that they can pick and choose their costumers.
    I used to hear at least 3 ads for dealerships on the radio on every commercial break... I drove for 1.5 hours today and heard NONE!

    • @shane250
      @shane250 3 года назад

      @bobcat baldfat drunkbeater
      Exactly. And if they have only 9 vehicles, they can't afford to come down in price.

    • @shane250
      @shane250 3 года назад

      @bobcat baldfat drunkbeater
      Sure, but they would still be more expensive than what we could get them for in 2019-2020.
      We were thinking of getting a newer SUV (2015-2017), but we'll stay with our 2010 Santa Fe for now.
      I really hope they'll start selling Chinese EVs in north America soon, because those will be the only cars I'll be okay with buying new. Won't touch av Tesla with a 10ft pole.

  • @Drums-ve8on
    @Drums-ve8on 3 года назад +10

    Never heard of Steve Richards before, but this guy is one very slimy salesperson. I am outta here!

    • @GA-wq8xq
      @GA-wq8xq 3 года назад

      He has great videos and roleplay

  • @esmoglo
    @esmoglo 3 года назад +1

    Local Chevy dealer has a 2021 Chevrolet Tahoe MSRP $81,845.00 then adds $12,995! Market adjustment, with $999.00 dealer fee & the famous paint protection fee for $695.00 for a grand total of $96,534.00! That’s insane would never pay $12,995.00 market adjustment total rip-off!

  • @coldsteel998
    @coldsteel998 3 года назад +7

    WHY. WHY . Why are people buying at msrp and over??????? You're keeping it going.

    • @indycharlie
      @indycharlie 3 года назад +1

      Well , some might be in my position . I had planned to buy a Sprinter or Ford Transit this yr , but . Between the " mark up " , and them being hard to find . I am in delay . But also sadly . My 2002 Tundra I bought new , is almost rusted through . So what to do ? Pay the premium and get what I want ? Roll the dice and hope it gets through another winter before the frame rusts through ?! Junk the Tundra and buy a temporary vehicle !? Pay to patch the frame , to get me another 2 yrs ?! Yeah , I hate my position . Plus , this delays all my plans for such a vehicle , and the plans I had for using it . High ( stand up in ) for travel , sleeping , and living OTR ..

    • @coldsteel998
      @coldsteel998 3 года назад +1

      @@indycharlie I get it people need a vehicle but ONE WEEK of NO ONE buying and the prices would come down.

    • @lordxandalf
      @lordxandalf 3 года назад

      @@coldsteel998 not true, even with one week of no sales the prices would still be high because there are no cars coming in. They aren't producing anything.

    • @indycharlie
      @indycharlie 3 года назад +1

      @@coldsteel998 Yeah , MB ? In brief . A month ago I went to a Ford Dealer . He only had one NON 4x4 , low roof Transit on the lot . By the time I heard the " man IDK if I can even find what you want " , but if I do . I'll have to " bid against " other Dealers for it . I was , and am , in a NO win for buyers market . Except here in Michigan . If you want a Mitsubishi . They " sound " like they are having a SALE . Looking for a Sprinter 4x4 was even more daunting & expensive . This may be the worst time in U.S History , sans the depression or a WW for a retiree and their plans . In final , I'm in . I promise not to buy any vehicle this , or next week . ANYBODY else wanna make the Pledge !?

    • @coldsteel998
      @coldsteel998 3 года назад

      @@lordxandalf They DO have vehicles trickling in at the dealers all around me and YES they ARE selling at $8-10k over MSRP. If they sat in the parking lot with no phone calls or visits for a week, they would get the message loud and clear believe me.
      Or not.
      Go throw your money at them and see if they drop prices

  • @dcabinet
    @dcabinet 3 года назад

    These are my favorite videos. Really like watching the Steve Richards reaction videos!

  • @timkaldahl
    @timkaldahl 3 года назад +3

    The acronym for Super High Intensity Training just dawned on me. I'm getting my S.h.i.t. Together.

    • @KevinHunter
      @KevinHunter  3 года назад +5

      That's right! Get your S.H.I.T. together before you car shop!

  • @austenrichardgeorge842
    @austenrichardgeorge842 3 года назад +1

    No shortage at Toyota because they have stockpiled chips because unlike Americans they look 30 years ahead not the next quarter. This is why their cars (and Mazda/Honda) tend to be better cars and once you shift away from an American pile of crap to a Japanese car they tend to never go back. My advice when planning to buy a new or used car is to try and compile a list of 7-10 vehicles in order of preference and just be willing to buy your 10th choice. Do your research and know the value of your car - get financing through the bank ahead of time and don't know exactly what add ons you are willing to buy like extended warranties or body side moulding to the moonroof cover etc and stick to it. For a new car why not just go to the manufacturer's website and build the vehicle yourself. Print it out - know what it will cost bring it to the dealer and see if they have one very similar to beat the price. Also, find a good local mechanic - and never bring it to the dealer for any work as they gouge you there as well. Bring your car to Scotty Kilmer.

  • @jacklee37
    @jacklee37 3 года назад +6

    Hello, I notice that Steve has a lot of stories and most of then are so long, I don't understand why anyone would sit through all that long drawn out stories. Just get up and walk out.

    • @CraftAmundous
      @CraftAmundous 3 года назад +1

      It's a training video that he posts publicly for some reason.

  • @DooMGo2It
    @DooMGo2It 3 года назад +1

    I love these reaction videos. Please keep them coming!

  • @leechburglights
    @leechburglights 3 года назад +1

    Thanks Kevin, I used your advice last summer to purchase my first new vehicle. It's a 2020 Toyota 4Runner SR5 Premium. MSRP was $44k, I negotiated down to $36,500 (price of a base model) before tax, tag, and fees. Thanks to your vids and walking me through the process. Also went into the finance office, had lots of fun there. Told them I wanted 1.9% They told me the best I could get was 5.4 with my "OK" credit score (of 730). Funny story of my credit score, I paid off the mortgage on my home as well as my student loans last year. That tanked my 830 credit score because now I had almost no credit history. He then said, "but wait we got the payment you wanted." My told him, "I don't care about the payment, I have no debt. Go ahead and make it a 3 year loan LOL." His final offer was 2.23% :) Yep. The finance guy was furious, they didn't make as much money off of me as they had hoped. He was soo mad after I agreed to the terms. I got a great deal and learned a lot from you and your advice. Thanks!

  • @mattneil1449
    @mattneil1449 3 года назад +22

    Car salesman are the sleaziest. They remind me of those "pickup artists."

    • @1linkbelt
      @1linkbelt 3 года назад

      I don't see how these worms sleep at night!

    • @mattneil1449
      @mattneil1449 3 года назад

      @@1linkbelt these type of scumbags get a kick out of ripping people off. They sleep just fine but I guarantee they sleep all alone as they only know how to use people.

    • @cjanquart
      @cjanquart 3 года назад

      It really depends on the individual but boils down to the dealership management. I did a thorough demo, listened to my customer and discovered their wants/needs but the management would shit all over my four-square with the red marker and do the song/dance nonsense and killed the majority of my deals.

    • @dubsteppro777
      @dubsteppro777 3 года назад

      @@1linkbelt on a bed under blankets... how do you sleep at night?

    • @1linkbelt
      @1linkbelt 3 года назад

      @@dubsteppro777 I sleep with a clear conscience!

  • @4toes1nose
    @4toes1nose 3 года назад +1

    The average market adjusted value in Las Vegas Nevada is $10,000 + and that is on top of MSRP and they have another three to $4000 Of additional add-ons that they put on ‘the third sticker’ when I asked the salesman was the third sticker was for he said that’s the actual sales price, $14,000 added on top of MSRP I said I won’t pay it he said we won’t back off on it I said no thank you, as I walked out of the dealership they were only two people Looking at cars to buy I was the third and I was walking out the door.

  • @skapunkoialternativeliving6522
    @skapunkoialternativeliving6522 3 года назад +5

    It's Times Like These.. thank God I pay cash and pay in full for my vehicle..

    • @donmoore7785
      @donmoore7785 3 года назад +1

      Actually, these days cash is not king when buying cars. If you have cheap credit available, you can make money buying and selling.

    • @skapunkoialternativeliving6522
      @skapunkoialternativeliving6522 3 года назад +1

      @@donmoore7785 actually money is still King in some ways.. this is why people are in debt today because that buying everything on credit God forbid you don't have great credit to go to pay a lot more for the car..

    • @bindingcurve
      @bindingcurve 3 года назад

      @@skapunkoialternativeliving6522 the dealership makes more off the financing than that car. Call the bank the second you take delivery and get the 2 week payoff. Another option is to use this to roll some of your emergency fund into IBonds. They go totally liquid in 6 months, but your money is locked in untill then

  • @funnyfarm5555
    @funnyfarm5555 3 года назад +1

    Lets see it is 2021; I still have my 1996 Ford F250 super cab with 76,000 miles on it, so I think I have patience.
    I have been working on cars since I was 12. If I can't fix it, I know a good mechanic that is very honest. Beyond that I can wait.

  • @tonebonebgky2
    @tonebonebgky2 3 года назад +3

    I like your videos but the problem with your way of thinking is poor folks like me can't afford any vehicle, this clown I'd walk out on.

  • @ladistar
    @ladistar 2 года назад +1

    Lmao @ drawing the glasses on him at 0:48… I love your breakdown of Steve Richards videos. You can make an entire channel dedicated to Steve and I’d watch every single one. You know every single one of his talk tracks at this point it’s great hahaha.

    • @KevinHunter
      @KevinHunter  2 года назад

      We like to have a little fun with it!

  • @livingdead247
    @livingdead247 3 года назад +7

    Doesn’t this guy have a RUclips channel and teaches car sales men?

  • @pmurphy12667
    @pmurphy12667 3 года назад

    this channel freaking rocks!!! love you guys