- Location
- 29°58'28.9"N 99°15'15.5"W
You should have been using a Huckleberry.
Important
- Thread starter bshaw
- Start date
You should have been using a Huckleberry.
- Location
- NE Indiana
They will send it to auction with the issues and still expect to get $2 to 2500 out of it and they probably will. Then it will go to joe dirty the car salesman and he'll sell it out of his buy here pay here lot for $4999 to a pregnant female that needs reliable transportation. One week into ownership and the motor will go because no one ever fixed the problem. She will still owe $5k on it...then she'll have a mechanic that's dirty, work on it...and on and on...
mac 'never ending cycle' gyvr
mac 'never ending cycle' gyvr
- Location
- Michigan
That's a dirty story. The chick is prob a dirty girl that got knocked up at a dirty pub after hours on the dirty pool table.
Fore 'dirty girls are good as long as they wash' Wheeler
XJ&CHZ4ME
NAXJA Forum User
- Location
- Unionville, MO
BRIANHO13
<- Yum Chocolate
- Location
- Spring, TX
Double fixed
- Location
- Michigan
Nothing better than d!ck jokes first thing in the morning. 
- Location
- Columbus, In
Nothing better than d!ck first thing in the morning.
Ok Dan, now I'm scared! :shiver:
uke:
- Location
- Michigan
Holy crap, even Flex is f'n with me!
bmyohn
NAXJA Forum User
- Location
- Lake Orion, MI
It's gonna be a good day for you Dan 
BRIANHO13
<- Yum Chocolate
- Location
- Spring, TX
Ok Dan, now I'm scared! :shiver:
I chuckled.
- Location
- Michigan
It was somewhat funny.
97XJ2
NAXJA Forum User
- Location
- Wisconsin & the U.P.
Its too early for dick jokes. My head hurts too much for that.
w_howey
NAXJA Forum User
- Location
- The Mudwest
While that does happen... its counter-productive for a buy-here place to sell vehicles in need of major repairs. The buyers tend to be higher risk to begin with, you sell them a vehicle that instantly needs repairs, and they tend to stop paying their payments. Now add in the added expense of recovering the vehicle, making it ready for sale, getting all the paperwork redone, and suddenly reselling the vehicle again really doesn't pay off. Even with 12.95% interest rates.
w 'worked for a buy here dealer' howey
The truck came from a buy here pay here place nearby me. It failed completely in a week and had to be towed.
It was also priced @ $4k when I first walked on the lot, and we walked out for 1500 cash money, so it seems as if they're just a touch overpriced.
I have no sympathy for used car salesman, in my experience they're all pretty much slime that will tell you whatever you want to hear to move a car off the lot. Once it's off the lot it's your problem.
Perhaps that generalization is unfair to the few good car salesman out there, but until I meet one of those and do business with him I'm sticking with they're all slime.
87 "don't trust the salesman" manche
- Location
- bourbonnais IL
i burnt my bacon this morning
- Location
- 29°58'28.9"N 99°15'15.5"W
- Location
- Columbus, In
w_howey
NAXJA Forum User
- Location
- The Mudwest
I didn't say some didn't do it.. I said it was counter productive. If they sold you the truck for $1500... they probably had $1000 in it. For a buy here operation, there are always two prices for a vehicle. The cash price and the in-house financing price. Many of these lots have their vehicles either tied up on operational loans, or on margin to another dealer. The cash price is what they need to cover that, and the high financed price is to cover all the costs associated with carrying the note.
The lot I worked for was owned by a GM dealership, 90% of the vehicles we had were trades that they felt they couldn't make enough on their own used car lot, or that wouldn't bring enough at auction to make it worth the expense involved of taking them there. We also fed cars back to the dealership for their used car lot "back row". We got all the high mile trades, trashed lease returns, and generally crapped out trades. We had to weed through them and dispose of what couldn't be resold. If someone bought a car off the Buy here lot, that was one the dealership had already made money off of, so they weren't terribly worried about cash sales and not covering costs.
The failure rates on buy here loans were close to 30% when I worked there, so you had a pile of costs associated with reclaiming the car, and then it sat until the dealership could get the legal stuff back in order. With a loan failure rate that high, everyone else gets to pay the extra costs to cover that.
Generally, if a buyer paid for the first 90 days, they would continue to pay long enough to recover the costs on the car even if they stop before they finish paying the note off. Sometimes the trick is getting them to that point.
I do feel sorry for salesmen at these dealers... many of them are desperate for jobs, and earn minimum wage thinking they are gonna make big commissions off of sales. Many are young, inexperienced and generally know less about cars that even a regular new car dealership employee does.
w 'hated the job, but free car was worth it' howey
