People need to stop buying toyotas from these types of dealers toyota is reliable but not to the point where you should over pay for them there are other reliable cars
They were even worse in the 90's - they got to where they were downright arrogant, because Toyota's were so reliable durable, people would put up with it. I suppose they can TRY to see if customers are stupid or afraid to negotiate and/or walk away, but once they see they're not dealing with a customer who will just readily be ripped off, then they're throwing away business not to at least dicker with you.
I think the problem is that the Toyota dealerships have become “Americanized”. If I were Toyota, I would insist anybody selling their vehicles sell it at MSRP or lower, no unapproved add ons. If caught screwing customers, they cease to be a Toyota dealer.
true that, easiest way to fix the problem, but as long as the banks are getting money from interest they dont care, and then theres also negative equity to take in to play, that raises ltv the same as a markup
The banks don't care what the sales price is. They only care how much the loan is in relation to book value or MSRP. Most people willing to pay above MSRP for the car they want are well off. They put a lot of cash down, which negates the higher sales price.
You gotta try Mike erdman Toyota in Florida. Man they add these sticker “pinstripe” on all the cars and charge several hundred for them as an add on, they refuse to take them off.
THis market has shown how scummy dealers can be. The lesson learned should be Salesmen do not care about you. They only want every cent they can squeeze out of you. You sign the paper and they disappear.
Gotta find the needle in the haystack that won't be like that I ran the gauntlet with mazda dealers recently and found one who went above and beyond my expectations, didn't try any funny business and negotiated with me like a human being to get me what I wanted.
Actually that is not fully correct. A car sales person needs to make a sale to earn a commission. If they do not sell, the wasted time. A sales person wants to sell a car. Hence they will work for the customer if the customer knows how to accomplish that. Of course the sales person works for the dealer and not the customer. That is OK if the customer understands how to use the sales person as a middle man between the customer and the sales manager. It is almost always the sales manager who can actually negotiate if the customer insists. If you do not involve the sales manager you almost certainly left money on the table. The astute car buyer simply uses the sales person as a tool fully understanding the sales person is essentially irrelevant other than being a middle man.
@@jerrylundegaard2592 Salespeople only care about the sale, odds are they will never sell you another car. Either you will go somewhere else, or they will go somewhere else. They manage nothing about your relationship with your purchase after the check is cashed. As a buyer, don't get caught up in the relationship, concern yourself with the amount of money you will lose or save.
And they BS you with a straight face. They really think all their customers are stupid and fall for anything they're told. Bet this type of dealer wonders why they get no respect and people get up and walk out.
Great videos Tomi. Subscribed. I was wondering if you have some for buying a used car. i'm looking to get one for a bmw x5 2020 but any negotiations would really help me. thanks
Markups are the dealers best friend no mater car brand, they don’t care about the customer what they can afford, this call with salesman is super sketchy that’s the normal, they need them markups profit gains are the goals
Can you talk about the other fees associated with the sticker price that is required? What's the standard? Like taxes, doc fee, shipping price, registration fee, plate fee? Are those negotiable?
It is simple. Any fee charged by a car dealer which is included in the taxable amount is FAKE. This includes those doc fees. These are nothing more than the price. Price includes all dealer costs, including the very minor real costs associated with documents. Dealers use the FAKE fee scam to confuse buyers into negotiation a price and then simply saying the FAKE fees. Just a profit grab. Your comment shows how successful dealers are at confusing people with this scam. There is no legal requirement for any of these FAKE fees. In Maryland, for example, dealers must actually state on the documents the FAKE fees are not required by law. How to you compensate for these fees? Again it is simple. Just lower your price offer by the amount of the fee. The only fees which are legit are those imposed by the state such as sales tax, registration. These are not taxed, not included in the taxable amount. Yes, it is that simple. Shipping is included in the MSRP on a new vehicle. If you look at the MSRP you will clearly see the included amount for shipping (freight). Never pay a separate amount for shipping. And, there is no shipping on a used vehicle.
Tomi, what are your thoughts on a Mazda MX5 Miata (NOT the RF model) with respect to how willing dealers are to deal on this model? I know Mazda is usually pretty loose but it seems the Miata’s don’t have much inventory.
1) do you generally tell dealerships you're local? are you upfront about where you're calling from? 2) why wouldn't you do a deal in CA? (I heard this as purchasing a car there, even if registered for a different state. I get that California has tough registration laws, but does that impact buying from there & registering elsewhere?)
@@sn4rl277 This and dealers think they have an advantage if they think you are coming from out of town. Like the first dealer even says this "...we are selling at MSRP for local...".
Dealers will sell cheaper to locals because they want the service business, and maybe repeat business when they are in the market for another car. They have no incentive to sell cheaper to someone out of town.
It's more honest to have a market adjustment above MSRP than a bunch of bogus dealer fees. It's also true that dealers are much more willing to work a deal with a local customer who will use their service drive and possibly refer other customers.
@@Orangematz, I am sure you are all for market adjustments when they benefit the consumer, just not when they benefit the dealer, right? Price is determined by supply and demand (days' supply). If the factory is not making enough vehicles to keep up with the demand, the price will go up. If the factory is flooding dealers with inventory, pricing will be low. That's basic economics.
He focuses on negotiating a discount on the car. Reducing the asking price of the car automatically reduces the OTD price. The things that create the OTD price mostly can't be changed: taxes, doc fee, title and registration. They're just a cost of buying a car, so you should figure out what your OTD max is first then work backwards to find out what discount you need to target. Any add-ons that come after that should be negotiated off the vehicle or don't deal with that dealership. The more you get the car discounted the less you pay in taxes too.
Bought a Santa Fe hybrid yesterday after being told by every deal ship in SoCal that they’re getting $4k in dealer markup plus add on bs, paid just under msrp with AWD and calligraphy pkg.
0 seconds ago nah he's good, He learned how to play the game "Who's the bigger A-Hole" without actually saying it. Car salesman are the lowest respected profession for a reason. Just under Lawyer and real-estate agent lol google it if you don't believe
To be honest, he's still more of a deal negotiator than a UA-camr. The videos are helpful but the presentation is very rough. I found his channel through his half hour viral video where the guy calls him Bubba. Tomi ought to consider your complaint here though, a video more tightly edited where he includes the resolution and final deal on the car would be appreciated. That would at least help distinguish whether this channel is an ad for his service or if it's meant to be a negotiation school.
Banks should never give a loan for over MSRP. Anything over that should be paid in cash by the customer. That would stop the added fees.
This is a very unique channel. I've never seen a channel specifically discuss and negotiate on car prices with dealerships.
never heard of locals not getting charged for market adjustment
This guy is a phony , there was another youtuber that debunked his bs and these fake phone calls he makes
@@mister4875 yo mama
@@Littlebird-m9xwho?
@@Littlebird-m9x is it fun to lie or something?
People need to stop buying toyotas from these types of dealers toyota is reliable but not to the point where you should over pay for them there are other reliable cars
They were even worse in the 90's - they got to where they were downright arrogant, because Toyota's were so reliable durable, people would put up with it.
I suppose they can TRY to see if customers are stupid or afraid to negotiate and/or walk away, but once they see they're not dealing with a customer who will just readily be ripped off, then they're throwing away business not to at least dicker with you.
Just Toyota huh 🤔
@Dontdoitguy while I'm sure other dealers can do this it's very prominent with toyotas and they seem to be them most egregious offenders
@@jakedawg253 true
Reliable but they aren't a porsche like they act like ..
I think the problem is that the Toyota dealerships have become “Americanized”.
If I were Toyota, I would insist anybody selling their vehicles sell it at MSRP or lower, no unapproved add ons.
If caught screwing customers, they cease to be a Toyota dealer.
I think the Toyota Stores in Japan just do that…
The banks shouldn’t be giving loans on these marked up cars, that would fix this markup pretty quick
true that, easiest way to fix the problem, but as long as the banks are getting money from interest they dont care, and then theres also negative equity to take in to play, that raises ltv the same as a markup
The banks don't care what the sales price is. They only care how much the loan is in relation to book value or MSRP. Most people willing to pay above MSRP for the car they want are well off. They put a lot of cash down, which negates the higher sales price.
lol that’s an unreasonable suggestion
I had a credit union at work, and they wouldn’t.
You gotta try Mike erdman Toyota in Florida. Man they add these sticker “pinstripe” on all the cars and charge several hundred for them as an add on, they refuse to take them off.
Tomi two times. “I’m doin well, doin well.” “I’m livin the dream, livin the dream.”
Bro is a Legend, I can’t wait to go to the dealership on Monday and applied this guy tips
The second sales guy right dont buy cars in California sales tax are ridiculous!! I bought my Toyota from Virginia way cheaper
Sales tax is calculated by the state you live in though i thought?
@@notacarguy392 that is correct. Unless you use somebody’s address locally.
THis market has shown how scummy dealers can be. The lesson learned should be Salesmen do not care about you. They only want every cent they can squeeze out of you. You sign the paper and they disappear.
Gotta find the needle in the haystack that won't be like that I ran the gauntlet with mazda dealers recently and found one who went above and beyond my expectations, didn't try any funny business and negotiated with me like a human being to get me what I wanted.
Actually that is not fully correct. A car sales person needs to make a sale to earn a commission. If they do not sell, the wasted time. A sales person wants to sell a car. Hence they will work for the customer if the customer knows how to accomplish that.
Of course the sales person works for the dealer and not the customer. That is OK if the customer understands how to use the sales person as a middle man between the customer and the sales manager. It is almost always the sales manager who can actually negotiate if the customer insists. If you do not involve the sales manager you almost certainly left money on the table.
The astute car buyer simply uses the sales person as a tool fully understanding the sales person is essentially irrelevant other than being a middle man.
At the end of the day it's not the salesman putting the market adjustment on the cars. They don't make those decisions.c
@@Orangematz Right, its the dealers.
@@jerrylundegaard2592 Salespeople only care about the sale, odds are they will never sell you another car. Either you will go somewhere else, or they will go somewhere else. They manage nothing about your relationship with your purchase after the check is cashed. As a buyer, don't get caught up in the relationship, concern yourself with the amount of money you will lose or save.
Do you have examples of buying/negotiating for used cars.
Scottsdale toyoter so much added cost almost 3k tint and door gaurds lol
Never buy a car when you NEED one...
easier said than done for 90% of people.
@@Fa11out I dont know..... I bet a lot of them are impulse buys....
How about a segment on how to ship a car ?
I can do that!
And they BS you with a straight face. They really think all their customers are stupid and fall for anything they're told. Bet this type of dealer wonders why they get no respect and people get up and walk out.
Great videos Tomi. Subscribed. I was wondering if you have some for buying a used car. i'm looking to get one for a bmw x5 2020 but any negotiations would really help me. thanks
How much to ship a car??
Dealers used to be snakes in the grass. Now they just tell you they don’t need the grass
Are you in Las Vegas? I live in Vegas and dealers pull so many shenanigans
I need this type of channel, but for mortgage lenders pls
Markups are the dealers best friend no mater car brand, they don’t care about the customer what they can afford, this call with salesman is super sketchy that’s the normal, they need them markups profit gains are the goals
Can you talk about the other fees associated with the sticker price that is required? What's the standard? Like taxes, doc fee, shipping price, registration fee, plate fee? Are those negotiable?
It is simple.
Any fee charged by a car dealer which is included in the taxable amount is FAKE. This includes those doc fees. These are nothing more than the price.
Price includes all dealer costs, including the very minor real costs associated with documents. Dealers use the FAKE fee scam to confuse buyers into negotiation a price and then simply saying the FAKE fees. Just a profit grab.
Your comment shows how successful dealers are at confusing people with this scam. There is no legal requirement for any of these FAKE fees. In Maryland, for example, dealers must actually state on the documents the FAKE fees are not required by law.
How to you compensate for these fees? Again it is simple. Just lower your price offer by the amount of the fee.
The only fees which are legit are those imposed by the state such as sales tax, registration. These are not taxed, not included in the taxable amount.
Yes, it is that simple.
Shipping is included in the MSRP on a new vehicle. If you look at the MSRP you will clearly see the included amount for shipping (freight). Never pay a separate amount for shipping. And, there is no shipping on a used vehicle.
Tax title license and doc fee. Destination charge is from the manufacturer. Smog fee is also required. Pretty much the rest is bs.
What’s a realist OTD price to shoot for for a 43k rav4 hybrid?
$36k
Tomi, what are your thoughts on a Mazda MX5 Miata (NOT the RF model) with respect to how willing dealers are to deal on this model?
I know Mazda is usually pretty loose but it seems the Miata’s don’t have much inventory.
1) do you generally tell dealerships you're local? are you upfront about where you're calling from?
2) why wouldn't you do a deal in CA? (I heard this as purchasing a car there, even if registered for a different state. I get that California has tough registration laws, but does that impact buying from there & registering elsewhere?)
Fairly new to Delivrd stream, but he always says he is local because the buyer he is working with lives in that area he is working the deal in.
@@sn4rl277 This and dealers think they have an advantage if they think you are coming from out of town. Like the first dealer even says this "...we are selling at MSRP for local...".
Dealers will sell cheaper to locals because they want the service business, and maybe repeat business when they are in the market for another car. They have no incentive to sell cheaper to someone out of town.
It's more honest to have a market adjustment above MSRP than a bunch of bogus dealer fees.
It's also true that dealers are much more willing to work a deal with a local customer who will use their service drive and possibly refer other customers.
Found the car salesman trying to excuse market adjustments.
@@Orangematz, I am sure you are all for market adjustments when they benefit the consumer, just not when they benefit the dealer, right? Price is determined by supply and demand (days' supply). If the factory is not making enough vehicles to keep up with the demand, the price will go up. If the factory is flooding dealers with inventory, pricing will be low. That's basic economics.
@@leonardyoung6821there is much more supply now then there was two years ago. Zero reason for market adjustments anymore.
Why wouldn't you go to California or Alaska? Is it because prices are higher? What about New York?
Are the prices you negotiate out the door prices? Or taxes and fees on top of that?
He focuses on negotiating a discount on the car. Reducing the asking price of the car automatically reduces the OTD price. The things that create the OTD price mostly can't be changed: taxes, doc fee, title and registration. They're just a cost of buying a car, so you should figure out what your OTD max is first then work backwards to find out what discount you need to target. Any add-ons that come after that should be negotiated off the vehicle or don't deal with that dealership. The more you get the car discounted the less you pay in taxes too.
It's a bit hard to read the subtitles. The font is too big and wide.
no one has a problem with this except you
@@aichan5235 Maybe I'm sitting too close to the 4k monitor, but I haven't had this problem with other videos.
Subtitles I will look at to verify!
Bought a Santa Fe hybrid yesterday after being told by every deal ship in SoCal that they’re getting $4k in dealer markup plus add on bs, paid just under msrp with AWD and calligraphy pkg.
Good luck, you will need some.
the whole "local" price just doesnt sound right. Would it be ok if they based the price/markup on race or sex?
Give him 6 months, and he will still have the car on his lot. PPL are not buying; they are waiting for Chinese cars.
Do you ever close a deal
Yep this deal was closed. 10% off MSRP
I live in Vegas and that one you contacted is one of four out here. It's the one people forget about for multiple reasons.
Stop paying for + msrp.
Are other people that stupid to pay those prices. A sucker borne every minute
Hey Tomi we miss your livestreams.
I have been moving this weekend, should be coming back this meet!
Maus Nissan. - new port richey fl
Are you calling dealerships in the States? Funny, I thought they spoke English there.
Toyota dealerships are killing themselves and the brand
Alfred E Neuman…………
They agreed waaaayyy too fast.
They had so much inventory, there is a reason
of course its a jeet
Car dealerships 🤮 🤮 🤮
content is bullshit. if someone were REALLY BUYING a car it would be more realistic. Failed ex car salesman or manager on a revenge trip
0 seconds ago
nah he's good, He learned how to play the game "Who's the bigger A-Hole" without actually saying it. Car salesman are the lowest respected profession for a reason. Just under Lawyer and real-estate agent lol google it if you don't believe
Dude, why dont you do your videos with resolution to deal? Your videos are incomplete.
To be honest, he's still more of a deal negotiator than a UA-camr. The videos are helpful but the presentation is very rough. I found his channel through his half hour viral video where the guy calls him Bubba. Tomi ought to consider your complaint here though, a video more tightly edited where he includes the resolution and final deal on the car would be appreciated. That would at least help distinguish whether this channel is an ad for his service or if it's meant to be a negotiation school.