Wednesday, March 26, 2008

What is a "Stealership"?

Today I read an interesting article about a guy who went undercover as a car salesman to learn the ins and outs of how everything works in that business. I was originally guided to that article by one of my favorite car forums, where people were discussing what it's like to be a car salesman. People commonly refer to dealerships as "stealerships" and I can see where they are coming from in some aspects, but I think that usually the terminology is BS.

First, examples where "stealership" actually applies: 1. You agree on a price and the transaction is seemingly finished, then you find out the dealership wants to charge you $800 in "document fees." Some dealers charge $50, some charge $100, others charge more. Those that have outrageous document fees they they are "helpless" to decrease are probably just trying to fleece you after you've spend hours arranging a deal. 2. They steal your time. My wife and I went to a dealer once for a transaction that was very cut and dry; I qualified for what is know as a "Supplier Discount" at a Chevy dealer and went in to find out what the price would be on a particular car. The salesman left us waiting for more than 15 minutes before returning and requesting that I sign something saying that if I was satisfied with the "mystery price" which could only be accessed via one "special computer" that I'd commit to buying the car. And note that this dealer didn't even have a car I wanted.

Clearly such practices are bad the dealers lose a lot of goodwill when they screw around with people with hidden fees and time-wasting. However, I always chuckle to myself regarding price. Is there really such a thing as "overpaying" for a car? If a car's MSRP is $25K, but deals can be found for $21K on the internet for out-of-town dealerships, if someone actually pays $25K, did they get fleeced? In my opinion the answer is no. Lack of knowledge of market conditions might have led to a transaction where a buyer gave a seller more money than was necessary to close a deal, but at the end of the day the buyer was the one willing to pay $25K for the car, because they valued the car at that amount. As a different example, there are plenty of limited edition cars out there which sell for vast markups. Of course, people complain about said markups but then when they want a car that's incredibly common they want to pay less than invoice. A dealer must make a profit of some sort to make a profit.

Make no mistake, though, I pretty much hate going to dealerships for reasons 1. and 2. I listed above. In a couple years, I'll be looking into a Toyota Sequoia for the family (if we can afford it, if gas isn't $10/gallon), and hopefully by that time, for a car that seems relatively common, it'll be straightforward to arrange a deal with a dealership over e-mail so that the transaction is as smooth as possible. One of my friends recently purchased a car, and after initially hearing "we can't go lower than $500 off MSRP" from a dealer his family had bought many cars from, when he knew that such cars were commonly going for $4K under all over the country, he simply took his business online, where he found another dealer a few miles away that happily arranged a deal with no hassle. Ah, the wonders of technology.

12 Comments:

Blogger Unknown said...

michael kors outlet online
coach outlet online
burberry outlet
louis vuitton outlet
dior outlet
imitation watches
michael kors outlet online
ray ban sunglasses
adidas running shoes
jordan 11 columbia
coach outlet store online
cheap oakley sunglasses
red christian louboutin
cheap lululemon
burberry outlet
coach factorty outlet
michael kors outlet
coach outlet
abercrombie kids
jordan 6 black infrared 2015
abercrombie and fitch new york
michael kors outlet online
jordan 11
christian louboutin shoes
christian louboutin outlet
cheap air max
louis vuitton handbags
abercrombie and fitch
abercrombie
2015623yuanyuan

10:34 PM  
Blogger 柯云 said...

2015-12-18keyun
canada goose sale
canada goose sale
nike free 5.0
oakley sunglasses
uggs outlet
louis vuitton purses
chanel handbags
louis vuitton bags
louis vuitton outlet
michael kors outlet
coach outlet
lebron james basketball shoes
marc jacobs outlet
uggs on sale
michael kors bags
mulberry uk
louis vuitton purses
ralph lauren outlet
ugg outlet
oakley sunglasses
discount jordans
oakley outlet
michael kors outlet store
coach outlet store
louis vuitton purses
jordan shoes
ugg boots
ralph lauren outlet
ugg australia
tory burch
ralph lauren outlet
adidas original trainers
gucci handabgs
ugg outlet
p90x
nike air huarache
tory burch outlet online
michael kors handbags
ray ban sunglasses
coach factory outlet

8:37 PM  
Blogger xumeiqing said...

151221meiqing
uggs for women
coach factory outlet
louis vuitton outlet
nike air huarache
hollister kids
ugg outlet
instyler curling iron
michael kors
coach outlet online
true religion
oakley sunglasses wholesale
cheap oakley sunglasses
michael kors handbags
ugg australia
polo ralph lauren
celine
coach outlet
uggs clearance sale outlet
ray ban outlet
coach outlet online
nike huarache
fake oakleys
abercrombie
mulberry handbags
the north face
ugg boots on sale
michael kors outlet
ugg boots
ugg outlet
coach factory outlet

7:51 PM  
Blogger 柯云 said...

2015-12-29keyun
christian louboutin outlet
michael kors handbags
canada goose jackets
nike huarache white
coach outlet
instyler
adidas superstar shoes
canada goose outlet
replica rolex watches
uggs for sale
coach factory outlet online
oakley sunglasses sale
abercrombie
ugg australia
kobe 8
discount jordans
ray ban sunglasses
canada goose outlet
ugg boots sale
christian louboutin shoes
uggs boots for women
coach factory outlet
coach outlet
ugg boots outlet
adidas originals store
ugg sale
ralph lauren outlet
louis vuitton handbags
michaek kors
cheap toms
abercrombie
timberlands
jordan 11s
canada goose outlet
beats by dre
hollister clothing
christian louboutin shoes
nike roshe run mens
official coach factory outlet
cheap toms shoes

8:40 PM  
Blogger Xiaozhengm 520 said...

coach outlet
adidas originals shoes
supra for sale
cheap jordans
toms wedges
louis vuitton purses
tods outlet online
michael kors uk
kate spade handbags
tory burch shoes
timberland outlet
tory burch outlet online
true religion jeans
christian louboutin sale
fitflop shoes
cheap nfl jerseys
coach outlet
nike store outlet
cartier watches
michael kors outlet
oakley outlet
christian louboutin sale
timberland outlet
marc jacobs handbags
true religion outlet online
kobe 9
louis vuitton
adidas originals
michael kors outlet
montblanc pens
michael kors outlet clearance
michael kors handbags
michael kors outlet clearance
coach factory outlet online
cheap toms
coach outlet
ray ban sunglasses outlet
cheap ray ban sunglasses
ray ban sunglasses
gucci outlet
2016.5.27huangqin

9:26 PM  
Blogger chenlina said...

chenlina20160627
louis vuitton outlet stores
nike free run
cheap jordan shoes
nike basketball shoes
kate spade outlet
true religion jeans
jordan 6
kids lebron shoes
ray ban sunglasses discount
fitflop sandals
pandora outlet
louis vuitton outlet online
louis vuitton outlet stores
air jordans
jordan 4 toro
coach factory outlet
polo outlet
hollister clothing
coach factory outlet
oakley sunglasses
coach canada
ray ban sunglasses outlet
louis vuitton
cheap oakley sunglasses
juicy couture
michael kors handbags
louis vuitton outlet
michael kors outlet
michael kors outlet store
cheap jordan shoes
nike uk
true religion outlet
burberry bags
michael kors outlet online
adidas originals store
coach factory outlet
hollister outlet
christian louboutin outlet
kate spade
true religion outlet
as

1:52 AM  
Blogger Zheng junxai5 said...

zhengjx20160702
louis vuitton bags
oakley sunglasses wholesale
nike air max uk
ralph lauren
nike air max
oakley vault
michael kors outlet
longchamp outlet
louis vuitton handbags
tory burch boots
cheap air jordans
coach outlet
louis vuitton outlet
kobe 8
longchamp outlet
nike uk
gucci bags
michael kors outlet clearance
louis vuitton handbags
michael kors handbags
tiffany and co
fitflop shoes
burberry outlet
cheap jerseys
gucci outlet
coach outlet store online
coach outlet online
christian louboutin sale
cheap ray ban sunglasses
coach factory outlet online
nike roshe one
burberry outlet online
air jordan shoes
michael kors outlet clearance
christian louboutin wedges
vans outlet
ray bans
louis vuitton handbags
true religion jeans
true religion jeans

9:15 PM  
Blogger chenlina said...

chenlina20160714
cheap ray ban sunglasses
mont blanc
michael kors handbags
adidas outlet
jordan 3 white cenment
juicy couture
adidas uk
ray ban sunglasses
christian louboutin outlet
toms shoes
louis vuitton bags
coach factory outlet online
jordan 4 toro
christian louboutin outlet
ray bans
polo ralph kids
oakley vault
louis vuitton handbags
toms shoes
replica rolex watches
michael kors outlet
michael kors purses
ray ban sunglasses
asics outlet
polo ralph lauren
cheap jordan shoes
louis vuitton outlet stores
coach outlet
basketball shoes
instyler max
toms shoes outlet online
polo ralph lauren outlet
true religion outlet
louboutin shoes
coach outlet
nike trainers men
oakley sunglasses
burberry bags
michael kors outlet
oakley outlet
as

8:23 PM  
Blogger fattoma said...

https://decor-ksa.com/laser-railings/
https://decor-ksa.com/iron-railings/
https://decor-ksa.com/stainless-steel-handrail/
http://mchaabaty.com/factory/
http://mchaabaty.com/new/
http://mchaabaty.com/marble/

10:10 AM  
Blogger roba gad said...

http://caravank.com/factory/
http://caravank.com/for-sale-in-riyadh/
http://caravank.com/withdrawn-for-sale/
http://caravank.com/withdrawal-rooms/
https://decor-ksa.com/iron-doors/
https://decor-ksa.com/steel-doors/

11:05 AM  
Blogger Esraa Abbas said...

https://decor-ksa.com/villas-homes-window/
https://decor-ksa.com/windows-iron/
https://3kary.com/property-status/warehouses-for-rent/

2:01 AM  
Blogger dong dong23 said...

canada goose outlet
seattle seahawks jerseys
louis vuitton
nike outlet store
louis vuitton outlet online
louis vuitton handbags
chanel bags
oakley vault
ugg boots uk
toms wedges
201612.15wengdongdong

2:36 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home