What to offer
#1
Instructor
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Join Date: Mar 2014
Location: Baltimore, MD
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What to offer
I would like to put an offer in on a 2014 Turbo S cab Rhodium with all black int. original sticker over $205. Car has 759 miles on it, and is basically new. Dealer has offered it to me for $173. Do I have more room to bargain? Thank you. Seems like a pretty good offer.
#3
Do a search on auto trader, cars.com and EBay it will give you sense of what's out there. I would offer them 150k and let them sit on your offer a few days. Most cars depreciate 20 percent the first year.
I bet it can be had for 160 or so.
I bet it can be had for 160 or so.
#4
#5
Pro
No more than 165. New margins are 12% off msrp so they paid about 180 for the car from PNA close to two years ago. Obviously they nailed the seller a bit depending on what he bought from them probably 20% so they are in it for almost that. They are in the business of making money but at that price at least they get out of the car for no loss. Don't offer 150 as it could kill the deal. Get a cashiers check for 165 and hand it to the sales manager and tell him final offer. They will know you mean business (rather than shopping deals) and I'd bet they take it.
#6
You didn't mention whether it's CPO but assume it is? I'd agree with $165K and be willing to walk. The $205K is same MSRP of my '15 TTS CAB and I got a healthy discount off that and mine was an ordered car.
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#10
#14
Pro
The implication with a cashiers check is that you mean business and can actually afford the car. I assume you are an ortho surgeon so I'm sure you can. If you later decide to finance that is fine. Over 50% of deals get killed on the back end because somebody's eyes are bigger than their pocketbook, or the spouse disapproves, or, or ,or. Lots of excuses out there. I've used this method to get deals on over 7 NEW Ferrari, Lamborghini, and Porsche, BMW, MB in the last 5 years and the worst deal I got was 4% off my 458 but 99% of people get 0% from Ferrari. I got about 8% on my TTS. The first two I paid cash and my last 2015 TTS I actually turned around and financed with Chase at 2% as at that rate I can use the cash to make 10% easy (pending a market collapse). Anyway good luck!
#15
Burning Brakes
If you have no experience with the dealer, I've always found the best method to buy a car you want is on the telephone. From your own Home, you are on your own Turf and salesmen cannot play their usual car-dealer games of having your offer pawed over by their Sales Manager, or be double-teamed by endless price discussions to wear you down, or keep you waiting endlessly in the sales office while they are "conferring" on your "low offer".
From your home, YOU are in control. At the dealership THEY are in control. And they know, if you hang up,
they have totally lost control of the sale. With my offer, I have a credit card in hand to give them an immediate $1,000 deposit which will seal the deal upon receipt of an E-Mail to me confirming the exact Amount of Dollars "OUT-THE-DOOR" that the car will cost me. This prevents the dealer from adding additional and unexpected "Dealer Fees", "Processing Fees" Etc.. If the car is used, it is very important to stipulate that the contract between you is contingent upon an inspection by an independent shop of your choice, and your credit card deposit will be refunded to you if the inspection does not match the advertised description of the Car or unexpected repairs are necessary.
Fortunately, based upon my experience buying numerous cars over many years for myself and my friends, most licensed Porsche Dealers are a huge step above other "Used Car" sources and I will gladly pay a reasonable premium to deal with them. It is also important to realize that Porsche Dealers will inspect their trade-ins VERY carefully and keep only the best used cars for their own Dealership Sales, while sending the less desirable trade-ins out for Auction to other used car dealers - so you buy from them with a far higher degree of confidence that you are getting a good car.
From your home, YOU are in control. At the dealership THEY are in control. And they know, if you hang up,
they have totally lost control of the sale. With my offer, I have a credit card in hand to give them an immediate $1,000 deposit which will seal the deal upon receipt of an E-Mail to me confirming the exact Amount of Dollars "OUT-THE-DOOR" that the car will cost me. This prevents the dealer from adding additional and unexpected "Dealer Fees", "Processing Fees" Etc.. If the car is used, it is very important to stipulate that the contract between you is contingent upon an inspection by an independent shop of your choice, and your credit card deposit will be refunded to you if the inspection does not match the advertised description of the Car or unexpected repairs are necessary.
Fortunately, based upon my experience buying numerous cars over many years for myself and my friends, most licensed Porsche Dealers are a huge step above other "Used Car" sources and I will gladly pay a reasonable premium to deal with them. It is also important to realize that Porsche Dealers will inspect their trade-ins VERY carefully and keep only the best used cars for their own Dealership Sales, while sending the less desirable trade-ins out for Auction to other used car dealers - so you buy from them with a far higher degree of confidence that you are getting a good car.