Auto dealers continue to use this tried
and tested sales technique, the turn over. Here's how it works. Once the
salesperson has helped you decide on a car you begin to negotiate the purchase
price.
The salesperson will spec out (list
the equipment) the car on a work sheet. Also included on the worksheet is
the MSRP (manufactures suggested retail price) and the list price (price
that includes any added items). Next the salesperson spins the worksheet around, explains the list of items and highlights the selling price
for the vehicle and asks for your okay or acceptance, a signature.
There is a moment of silence. The salesperson
waits eagerly for your reply to the sales offer. After you regain your composure
from the shock of the total selling price you make your counter offer. At
this point the salesperson explains that he/she cannot make the decision
to accept your offer. It must be taken to management and if you'll
just okay the price he/she will take it to management for acceptance.
Dealer management does not let the salesperson know how much profit
is acceptable per sale on any vehicle. Some salespersons may go to these
extremes to test your seriousness prior to going to management. They are,
get your credit card for a small deposit, get a check or get a cash deposit.
Once you meet the minimum test for
how serious a buyer you are the salesperson will then take your offer to
management for approval. Rarely is your first offer accepted. The salesperson
may go back and forth with your counter offers until you are stretched to
the limit and ready to walk out.
Before the dealer will let you walk
the sales manager will come over to use his/her salesmanship to close the
sale, the TO - turn over to management. This sales technique works because
the sales manager is an expert at closing and buyers are more responsive
to authority. The sales manager can further reduce the price if needed, persuade
you to buy a more affordable vehicle or offer you a special price on a "Managers
Special."
If the sales manager can't get you
to buy you may be turned over to the general manager before you leave the
dealership. He can offer even more price reductions. Auto dealers have you
talk to managers because the odds of you returning to buy are not in their
favor.
Questions to ask the salesperson: Will you have to go back and forth to management for approval? How can I
shorten this process? You have sold this type car before, what's the lowest
price that will be accepted? May I speak to the sales manager? Will I get
the best price from your web site?
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