My stepdad was a car salesman and explained many things about the car buying process.
Always try to determine the "invoice price" of a vehicle and see how much over invoice they
are trying to get. Try to avoid discussions based on MSRP (sticker price).
Costco has a car buying program/service. Consumer Reports and Edmunds also have ( or used to have?) car buying programs/services that may allow you to find out the invoice price (including options) of a vehicle.
Never talk trade-in possibility or "monthly payment amounts" until after you have determined the actual "out the door" selling price of the vehicle.
Even if the dealer sells you a car at invoice+$$$, they still receive additional money at year end
from a factory-to-dealership "hold-back" amount.
Dealerships also make money from selling/re-selling the financing contract and also the difference in what they might offer as trade-in value on your old car and what they can actually sell your trade-in for on their used car lot.
Depending on the dealership, salesmen may make a higher percentage of the $$$ over invoice
after they reach their monthly quota. If so, they might take less per car early in the month in order to reach their quota. Or, if they have not yet made their quota, they might take less at the
end of the month to make sure they make their quota. Each situation may be different.
Always assume that, if a salesman leaves the room for any reason, that the intercom may still
be on and someone may be listening to your conversations. If you are heard to say something like "This one is nice, but I think I liked the other car over at the XYZ dealership better.", they may get more agreeable on lower pricing.
As always, YMMV! 😉
Good luck!
Ray
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