Why are small car dealerships such slimey MFs?

[gho3st]

Im helping my lil cousin get a car. This nikka saw he was 21 and gave her loan. Before he signed he handed me the papers to check. When i look at this sht, i saw that this nikka put a higher price on the car then what its listed as). On the surface , it looks like a good deal bc he only paying 255 per months for 4 yrs, but when you calculate the loan payments, it would be what he would pay if he aint have no down payment.

basically he would have pocketed his down payment on top of the actual price he selling the car for. When i call his bytch ass on it, he tried bullshttin his way out of it..why do car salesman do this?

 

[CouldntBeMeTho]

Small used car dealers are like the underworld of America

 

[thelonious21]

The down payment unless it's like 5k or more really ain't doing shyt but going to the salesman..

But them smaller dealerships be having to make a profit faster they ain't got the upline like a major dealership that can give rebates and shyt to attract customers..

And typically they ONLY sell used cars and banks know those are higher risks.. so they gotta maximize them sales

 

[kj614]

Retarded ass nikka helping his cousin and doesn't understand interest

 

[gho3st]

The down payment unless it's like 5k or more really ain't doing shyt but going to the salesman..

But them smaller dealerships be having to make a profit faster they ain't got the upline like a major dealership that can give rebates and shyt to attract customers..

And typically they ONLY sell used cars and banks know those are higher risks.. so they gotta maximize them sales

Dog. I calculated the loan amount based on price of the vehicle plus dealer fees and taxes, and the down payment Using the interest rate and loan duration. The price i got was 175$ per month.

when i remove the down payment , it goes up to the 255 they said she would pay(after the down payment) basically the only way that happens is if he increased the price

 

[Arizax2]

Terrible. My last car I baught was on driveway.com. Everything online no negotiations no bs nitro air fees

 

[gho3st]

Retarded ass nikka helping his cousin and doesn't understand interest

Ive worked in finance before bruh....i calculated what the loan payment should be with the interest rate they said. Are you stupid?

 

[thelonious21]

Dog. I calculated the loan amount based on price of the vehicle plus dealer fees and taxes, and the down payment Using the interest rate and loan duration. The price i got was 175$ per month.

when i remove the down payment , it goes up to the 255 they said she would pay(after the down payment) basically the only way that happens is if he increased the price

Oh I'm not doubting shenanigans are going on.. just answer the question lol

 

[kj614]

Ive worked in finance before bruh....i calculated what the loan payment should be with the interest rate they said. Are you stupid?

You clearly said otherwise liar

 

[gho3st]

Oh I'm not doubting shenanigans are going on.. just answer the question lol

Which question? My bad i aint seen a question mark in your post...

 

[gho3st]

You clearly said otherwise liar

nikka read my post

 

[Jean Jacket]

Find a good credit union and walk in with a check.

 

[UncleTomFord15]

They ALWAYS do that thing where they will list a car online for 15k. You'll call and confirm they'll be like "yeah, it's in stock and ready buddy" then you'll get there in person and the same car will be 20k.

 

[kj614]

nikka read my post

If you worked in finance, you would know that we prefer you don't put money down. You said you calculated the payments and it was equal to the price, as if the down payment didn't matter. Clearly you think you just pay the price of the car and don't understand Banks charge interest

 

[Geek Nasty]

Car salesmen are scumbags in general. My first car I bought I explicitly told them to not give me the warranty looked at the papers and they still added it on.