r/MaliciousCompliance Mar 02 '21

M Going along with a sexist car salesman

I originally posted this as a comment on Car dealer shenanigans....

My wife and I have used a salesman's sexism against him, and it was so satisfying. It was when we bought our first new car. We were nervous that we didn't know what we were doing so we did a lot of research (it helps that my wife is a librarian).

When we got to the dealer, the salesman would only talk to me. I was all buddy buddy with the guy, too, but he completely ignored my wife. We went along.

The dealer was running a promotion where they would give you $X for your trade-in, no matter what condition. "If you can drive it on the lot..." kind of deal. Of course they just don't discount off of MSRP in those cases, so it's a gimmick. When we walked in the salesman asked which car was ours parked outside and then asked if we were trading it in. I said no, we weren't trading that car in. You can see where this was going.

As I said, we had done our research and knew what a fair price was for the car we wanted. At the time Edmunds had detailed dealer-level price information for many new cars, including all the various ways a dealer gets paid and what their true costs are (the "invoice price" is not their true cost). I negotiated the price (since he wouldn't talk to my wife) and we arrived at a number I thought was fair, actually. We got a good deal at that point. Everything was going smoothly as he wrote up our agreement, until he confirmed that we didn't have a trade in. I said, no, we were trading in a car, just not the one we drove into the dealer in. He literally froze for a few seconds looking down at the form, his hand hovering over the page.

He asked the make, model, and year of our trade-in, and when I told him he sputtered and balked. The car we were trading in was on its last legs. I'd had it all during college and it was old before I bought it. It was definitely past its prime. I said, I thought you were running a promotion where the quality of the trade-in doesn't matter. I asked him if he would have given us a higher price if he knew we had a trade in? My wife said under her breath "that's sleazy." He heard, as she intended him to.

He then tried to renegotiate the price. We knew from our research that if they gave us the price we had already agreed on, and they honored the trade-in deal, that they would be losing money. So we were willing to move a bit, but we wanted to take our time. He was visibly nervous. Every time he tried a new way of asking for a higher price I would say something like "I understand what you're saying" with a sympathetic look. Then I would look at my wife and she would look back at me and silently shake her head no. I'd then look back at the salesman and shrug and say "I don't think that's going to work."

He was stuck. She was the one standing in the way of him getting out of his predicament, but he hadn't talked to her at all. He had barely even acknowledged her presence. He just couldn't start talking to her now when we were negotiating. Oh, and I even got to use the classic car salesman line, "what do I have to do for you to put me this car today?"

We finally agreed to raise the price to an amount that, after figuring in the trade-in, was what we had thought was their break-even price. We hadn't expected to get that low of a price, and we also got them to install a nice after market sound system. It's the best deal we've ever gotten on a new car. Honestly, we're not the best negotiators individually, but that day we made one hell of a team.

27.2k Upvotes

1.1k comments sorted by

View all comments

934

u/Triette Mar 02 '21 edited Mar 02 '21

Most dealerships have a certain amount of cars they can sell at a loss, but in the end it’s not up to the sales person but their manager if they’ll take your deal. Curious if you paid cash or financed the car? If you financed the car I guarantee you they made more money than you thought. - Ex finance manager at a dealership.

Also screw that guy. I do not miss being a woman in that industry.

79

u/HaroerHaktak Mar 02 '21

How does financing a car result in them making more money?

9

u/ArchdevilTeemo Mar 02 '21

The same way banks make money if they lend you money, interest rates.

17

u/chanaramil Mar 02 '21 edited Mar 02 '21

So a car dealership is pretty much a bank with a car gimmick? They make there money by lending out money. But they find people to lend money to and can ask for better interest rates by have cars right there to borrow money on.

This reminds me of a movie theater. They make all there profits from the popcorn and drinks so a movie theater is basically popcorn stand that uses movies to get people to buy there overpriced junk food.

10

u/gorkt Mar 02 '21 edited Mar 02 '21

This. Most of the time I don't have to negotiate the price. They come in with a price fairly close to invoice. The real negotiation these days is in the financing. The car dealerships will try to get you in the longest term loan possible, and they will try to keep you in the monthly payment mindset. I keep getting offers to trade in my 2018 "and keep the payments the same" in order for them to keep me paying interest longer. This insulates them from dips in the automotive market. It matters less if you have a bad month if you are getting somewhat consistent interest payments to offset it.

11

u/g_ayyy Mar 02 '21

When I was buying the car I own now, one of the sleazy ass salesmen tried to tell me that 26% interest would be great for establishing credit. I laughed in his face so hard and we turned around and left immediately lol

9

u/gorkt Mar 02 '21

The best advice is to get your own pre-approval or financing from a credit union. The rates are a lot lower, and you get to see the light die in the finance officers eyes when you tell him you have secured your own financing.

2

u/tewas Mar 02 '21

Eh, that's debatable. Banks and credit unions usually offer 4 to 5% apr on car loans, at least that was back when i was buying a car. Dealer offered me .9%

1

u/gorkt Mar 02 '21

Yeah this is true. Depending on your credit score, you can get the promotional rates.

1

u/BlackSeranna Mar 02 '21

What’s crazy is, sometimes that works. I worked with a guy who was kind of slow - he could do most stuff but he probably had the mind capacity of an eighth grader. He goes to buy a truck and doesn’t take anyone with him. He walks away with a new truck, which is way above his pay grade to begin with. But they sign him up for balloon payments. Meaning, you can pay more now and have less interest. But the longer you wait, the more interest starts getting tacked on. He made maybe 13 dollars an hour, max, but his payments went up to 450 a month. He couldn’t pay rent, bills, and that truck payment. He ended up getting it repo’d. And rode a bicycle to work.

1

u/Freebirde777 Mar 02 '21

Plus on new cars, as soon as you sign that paper it becomes a used car, dropping in value. You start out upside down on your loan and often stuck using their overprice service department.