Quote:
Originally Posted by Schraderbrau
When dealing on a vehicle you shouldnt be shocked by anything the sales people do. Car sales people are the worst people to deal with. Crooked as the day is long.
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Personally I love this stereotype. Because when I deal with people that think like this with 100% honesty, and transparency, it tends to blow them out of the water. Most dealerships are incredibly safe places to do business now. The repercussions for being a kink nowadays are swift and severe. Some of the shadiest stuff nowadays is found via private sellers on Kijiji and Autotrader. Almost every single dealer now straight up refuses to take anything with a rebuilt title and place it in inventory. We simply tell the client to deal with it on their own, then come back. Even sending that stuff to an auction house can be risky.
But of course, because dealers want to ideally turn a 4-5% profit on their inventory, they are massive crooks. Cool fact, the most profitable entity in the car business is the federal government. The average dealer net annual profit nationwide, is 3.4%. Revenue Canada is guaranteed 5%. There have been dealers that have paid out more in credit card merchant fees in a year, than they make in net profit. A manufacturer can walk into a franchised dealer, and demand a 3 million dollar renovation, due in 24 months, and pull a dealers license if he declines. Massive crooks we are.
Owning a franchised new car dealership nowadays is one of the stupidest businesses you could ever invest in. The returns are minuscule, and most owners are in it for the real estate side of it now.