Deal Talk

Deal Talk

By Geoffrey Jerome VeitBusinessEducationHow To
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Deal Talk episodes

  • Tips for buying or leasing a luxury vehicle

    Luxury vehicle buying facts

    So many Electric-Vehicle issues

    EV price range does not change the risk

    80% mote problems

    Blood batteries

    Grid-Serve Charging network raises the cost to charge a vehicle

    What qualifies a vehicle as luxury

    Safety is the best

    The latest High tech

    Resale is still #1

    Power and quality

    More affordable then you think

    Leases are best by far

    Due diligence requires same techniques

    Each issue is thousands

    Trade shopping is even more important

    OTD, CPI the same

    More polite but not your friends

    Used Car-fax or Auto-check

    Flood check on used

    48 min
  • The dealership F&I hurdle

    The dealership F&I hurdle

    F&I to finish the deal

    Tesla 2 million recall

    Electric vehicles fires galore

    Consumer report confirms electric vehicle issues

    Price savings for 1 years of fuel

    Current charging station additions be the fed….0

    F&I profits are way up, what should you do?

    When things are this crazy, if you can, wait

    How to process F&I aka business office

    Forced pitch from F&I, get up and leave

    Business office and sales are separate

    CPI to stop payment packing

    Delivery after bank approval

    Dealer finance reserve is the biggest profit potential for the finance office

    Bank shopping pre dealer visit is paramount

    No to everything can be as bad as yes, listen to the pitch

    Geographic add-ons help resale

    OEM add-ons

    Always request the manufacturer of the vehicle's extended warranty

    F&I is shop-able for most products

    Make add-ons part of the due diligence

    Read all the numbers in your paperwork, especially the fed boxes

    52 min
  • Electric Vehicle Purchase , Yes or No?

    Don't be conned by the Electric Vehicle story

    Hybrid or full, they have a battery

    What are the limits?

    What about trade values?

    Charging takes time, lots of time

    No charge? What to do

    Fossil fuel taxes pay for roads, how will EV's be taxed?

    Crash safety is important?

    Fire safety is paramount

    We need the minerals that are not here

    Find a power source

    Electric fuel can cost as much as gas

    Will the monopoly of electric sources raise the rates?

    The cost difference in new electric vehicles is huge.

    Maintenance happens on all vehicles

    Battery versus tuning, $

    Are electrics a planned obsolescence?

    Who can fix them?

    Resale is a guess but my bet? Poor

    Poor resale makes them 40% more

    Environmental facts vs exaggerations

    Cost difference buys 15 years of fossil fuel

    1 hr
  • How to buy if you must hurry

    What if you have limited time to make the purchase?

    Distance on EV is still an issue if you use accessories

    Most common models are $2000 more for Electric

    Fire departments train for EV battery fires

    Rush Rush Rush to buy

    Consistency means resale

    What was missed

    Time well spent

    Due diligence rush

    Phone and Internet

    Is one-price a choice?

    One day, the whole day

    Be assertive, not aggressive

    Aftermarket exceptions

    What slows you down?

    Something is better than nothing

    The basics of the basic

    43 min
  • Maximizing your trade or outright sale value

    What you should do to get the most out of your vehicle

    1. Various medias say EV's are tanking

    2. More and more EV fires

    3. Price difference and depreciation could be $40,000 or more

    4. Rates are up so credit comparison shopping is a key

    5. Both rate and terms

    6. Which method, trade in, sell to a dealer or sell outright

    7. No matter what you trade in or sell, Recondition as much as you can

    8. Know why you are selling, they will ask

    9. What you should verify and know

    10.Retailing pays

    11.Preparation is the same

    12.Know what you are trading

    13.Deal first, trade second

    14.Getting all the resale out of yours

    15.Small investment, big return

    16.No matter how old it is, prepare

    17.Trade payoff planning before it is a problem

    35 min
  • Due diligence research completed? Now what?

    Due Diligence research completed? Now what?

    EV sales are not up

    The public is aware of Electric vehicle Fires and deaths

    Manufacturers are hurting from EV failure

    Great negotiating requires great due diligence.

    Avoid cash or shopping talk.

    No matter what you offer, the dealer will try to bump you.

    Don't acknowledge the asking price

    Always ask for a better price at least twice before making an offer

    Talk what you know after they make 2 offers

    Assertive, not aggressive

    Hold your lips together tightly as the dealer plays his cards

    Don't take the dealership's position or attitude personally

    ACV versus allowance.

    Either way works but one at a time works best

    Due diligence is your ammunition.

    34 min
  • How to overcome automotive credit issue

    How to overcome automotive credit issues

    Solar is better than electric but it also has issues

    Trucks are not feasible as electric

    Safety has become a key issue

    Battery fire death numbers are high

    Inflation oozes into vehicle interest rates

    The banks, more risk, more rate

    Know your budget and stick to it

    Down payment isn't a lock

    Employment offers and testimonials help

    FTB, finance first, buy and negotiate second

    Don't give up

    Shop every bank

    Financing has many sources

    Referral letters will help

    Cosigners are the best answer

    Recourse dealers

    Improve the risk

    Buy here pay here may be the last choice

    37 min
  • Dealers and the news, now it's all fake

    Dealers and the news, now it's all fake

    Colorado crazy trade doesn't help

    65% won't even look at EV's

    Battery prices have dropped to ridiculous

    Ev ads and the news are fake

    Bait and switch

    Switching stories

    Ridiculous trade values

    Guaranteed payoff is a hoax

    Rebate tricks

    Employee pricing, means what?

    Disclosures

    Plus everything

    Radio, newspaper, magazines, TV, social media,

    Government ads for Green new deal support

    FTC will help eventually

    Not a single number is factual

    A dealer's ads indicate their ethical character

    Due diligence will protect you

    Still OTD and CPI

    48 min
  • What is Due diligence?

    Due Diligence means what?

    Hybrid low down

    Electric Bus goes belly up

    Due diligence is omnipotent

    2022 Consumer Report has a great ratings section

    Brand tells the story best

    Great deals have no short cuts

    Knowing what comes first

    Use all the price calculation methods for used

    Use the Monroney label for online comparison of new

    The internet's only value is information but it must be real

    Get the facts and leave the rest.

    Beacon scores

    Bank rates and terms at least 4

    Internet quotes or however possible

    Assertive not aggressive

    Shop dealer installed accessories before the deal

    Chose a few dealers

    Compare amenities from dealer to dealer

    Go in armed with the facts. There is no substitute

    42 min
  • One price, fixed price, haggle free, only benefit the dealer

    One price, fixed price, haggle free, only benefit the dealer

    Part 1 and part 2 used review

    Make a quality segment chart

    The one price stories

    There are no special deals just special methods

    Why are one price techniques uesd

    Cut the dealer 's expenses

    Enhance the profits

    It's not about customer satisfaction

    2+2 is not 5

    No haggling does not mean a good price

    Ho Hum prices at best

    Shorter sales process, longer F&I time

    Don't let your guard down for a second

    Negotiating is better for the customer and their satisfaction

    One price gives a dealer higher profits as a whole

    No matter what they say, haggle anyway, or move on

    33 min

About Deal Talk

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Advice on buying a car, truck or motorcycle. How to save money and avoid the hassles when purchasing or leasing a vehicle. Information about every aspect of an automotive purchase. Financing,…