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Squeaky_Midget1
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08-12-2008, 02:27 PM
Post subject: Is this - or + Life EV?
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#1 (permalink)
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Straight
Join Date: Jun 2008
Posts: 126
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What is a good deal? Isn't it just a matter of perspective?
Backstory
So an old customer of mine at the dealership referred a friend to come buy a car from me. The referree is a 45 yr old man who's wife passed a few months back. He told me he wanted to trade in his work truck and buy a newer model used Grand Caravan. The only things he specified was she wanted leather, the dual dvd system, and wanted to trade even.
My Payplan
Any used vehicle that has been on the lot for 90 days of longer I either get a $300 mini (guaranteed commission) or 50% of total gross. Whichever is greater.
The Story
That being said we had a white 2008 Grand Caravan that we bought at an auction that belonged to a Chrysler Representative which was the exact vehicle he was looking for. After working the numbers we gave him $25,000 for his truck and sold ours for $23,800 ($25,000 out the door after tax, tags, title, doc fee). His truck actually appraised for $36,000 ("boxing" it 11K) and we had $21,500 in our van.
Leaving a grand total of $13,300 in gross profit.
It feels great to have just made 6k+ in one day and he got the exact car and the exact deal he asked for. Part of me feels bad but the bigger part of me is saying he got 100% what he asked for in a deal.
Thoughts?
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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That's business...
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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yourfather
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Full House
Join Date: Jan 2008
Location: In your fridge
Posts: 603
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You gave him an offer and he accepted, don't sweat it.
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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Eddieeee Royaaal! Eddieee Royaaal!
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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Stripclubjunkie
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Full House
Join Date: Aug 2005
Location: Stripclubs
Posts: 1,293
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U made a great deal. Both parties happy.
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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Yeah this is definitely +Life EV.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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Galapogos
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4-of-a-Kind
Join Date: Jun 2005
Location: The Loser's Lounge
Posts: 2,322
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You play poker and you feel a little guilty about taking someone's money when they actually willingly give it to you?
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Quote:
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Originally Posted by sauce123
I don't get why you insist on stacking off with like jack high all the time.
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Squeaky_Midget1
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Straight
Join Date: Jun 2008
Posts: 126
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Quote:
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Originally Posted by Galapogos
You play poker and you feel a little guilty about taking someone's money when they actually willingly give it to you?
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Quote:
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Originally Posted by squeaky_midget1
we gave him $25,000 for his truck
His truck actually appraised for $36,000
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This is what kinda bugged me, the poor guy just didnt know any better
and was actually ecstatic we could do the even trade...he thought he was making a ridiculous offer
Really just wanted reassurance I'm not the inhumane piece of shit some of my hippie treehuggin friends are trying to make me out to be.
It's not like I killed a puppy...im just tryin to pay bills right?
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zook
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4-of-a-Kind
Join Date: Mar 2006
Posts: 3,676
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Call me a bigot but I'd never buy a used car from a midget.
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Galapogos
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4-of-a-Kind
Join Date: Jun 2005
Location: The Loser's Lounge
Posts: 2,322
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My brother's wife sells cars and she made a deal to sell a nice truck to some old couple where in the end with the balloon payments and ripoff "extras " it would cost them over 100k. She felt insanely bad too because she's a good person but all she was doing was her job. She offered them stuff and they said yes everytime or made the most expensive choice every time. It's not like she pushed the stuff on them. They were just insanely stupid. It's now the highest grossing auto sale at her dealership by a long shot.
And it wouldn't have happened if these folks just took the time to do their own research. Same thing with your guy.
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Quote:
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Originally Posted by sauce123
I don't get why you insist on stacking off with like jack high all the time.
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flomo
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Full House
Join Date: Mar 2006
Location: mashing potatoes
Posts: 878
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no reason to feel bad
fuck minis, get gross
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Quote:
Originally Posted by bigred
Protect dog
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LuckySlevin
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Full House
Join Date: Jul 2008
Location: Live Poker Room
Posts: 1,050
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What would you expect to be done to you, how would you like to be treated in the same circumstance? If you'd be happy with the same treatment then a great call. That's the benchmark I'd use.
Also for the record I've worked in vehicle leasing before (where you sell the finance for vehicles) before and that was commission based. I had no qualms getting 6k commission into one vehicle sale just on the finance if I thought the person could afford it. My character wasn't really cut out for sales though, because when I'd get a single mum for instance just trying to buy a cheap car to help her get about - I'd usually rock the commission down to the floor so we were hardly making anything. A floored sales personality, but I think it was compensated for when I was dealing with someone with money I would just ramp it right up and had the skill/charm whatever you want to call it to get away with it.
I think you just do what you think is right! That's all you can ever ask for =)
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
Posts: 2,535
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dis is why I could never succeed in business, I have no heart to do this
the "buy it low, sell it high", while totally standard, goes entirely and completely against my "life is nicer if it is fair for everyone" philosophy
on the other hand, at the felt, everyone knows you are out to do this, and they will attempt to do this to you themselves, and therefore, its all fair and my heart is at peace.
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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Squeaky_Midget1
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Straight
Join Date: Jun 2008
Posts: 126
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Quote:
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Originally Posted by a500lbgorilla
Eddieeee Royaaal! Eddieee Royaaal!
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POTY?
Quote:
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Originally Posted by Galapagos
It's now the highest grossing auto sale at her dealership by a long shot.
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Just joined the club. Highest front end gross at Triad Dodge (Winston-Salem's exclusive Dodge dealership, now offering 0% financing for 72 months on all Ram 1500 Quad Cabs and home of the Lifetime Powertrain Warranty) in 33 years of business. Livin imo
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phantom_lord
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Flush
Join Date: Oct 2006
Location: Dublin
Posts: 349
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Quote:
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Originally Posted by LuckySlevin
What would you expect to be done to you, how would you like to be treated in the same circumstance? If you'd be happy with the same treatment then a great call. That's the benchmark I'd use.
Also for the record I've worked in vehicle leasing before (where you sell the finance for vehicles) before and that was commission based. I had no qualms getting 6k commission into one vehicle sale just on the finance if I thought the person could afford it. My character wasn't really cut out for sales though, because when I'd get a single mum for instance just trying to buy a cheap car to help her get about - I'd usually rock the commission down to the floor so we were hardly making anything. A floored sales personality, but I think it was compensated for when I was dealing with someone with money I would just ramp it right up and had the skill/charm whatever you want to call it to get away with it.
I think you just do what you think is right! That's all you can ever ask for =)
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commy!!!
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