Deal Talk

Deal Talk

By Geoffrey Jerome VeitBusinessEducationHow To
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Deal Talk episodes

  • Do you buy Electric or do you buy Gas?

    Electric or gas?

    Recalls and how they work

    Electric resale poor

    What are the different kinds?

    Hybrid

    Plug in Hybrid

    Total electric

    Low limits

    Time to charge

    If you run out of charge?

    Will new taxes pay for roads

    Crash safety?

    We need the minerals

    Finding a power source

    In many places electric fuel costs as much as gas

    The cost difference new is huge

    Maintenance happens on all vehicles

    Battery versus tuning, Wow

    Who can fix them?

    Resale is a guess but my bet is poor

    Environmental questions

    Over a 100,000 miles cost difference

    34 min
  • You are ready, believe it

    You are ready, believe it

    Electric station numbers are still small

    Nothing on Youtube

    Thorough check

    Great negotiating requires great due diligence.

    Know the Monroney or book

    Avoid cash or shopping talk.

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

    Don't acknowledge the price anchor.

    Assertive, not aggressive                    

    Always hold your lips together tightly and listen.

    Don't take the other people's position or attitude personally

    ACV versus allowance.

    Either way works but one at a time works best

    Due diligence is your ammunition.

    27 min
  • The due diligence is the key

    The due diligence is the key

    Apple should re-think their deal with Hyundai

    There are no short cuts

    Buying tips? Watch out

    Know what you want

    Used price calculation methods for used

    Use the Monroney label for online comparison of new

    The internet for today's deal but not buying

    Get the facts and leave the rest.

    Beacon scores

    Bank rates and terms

    Internet quotes or however possible

    Assertive not aggressive

    Shop dealer installed accessories before the deal

    Chose a few dealers

    Compare amenities

    Advertising is an ethics measure

    Go in armed with the facts

    27 min
  • Buying in the low price used market

    Buying a cheap used vehicle

    Salvage title means totaled

    Junk is Junk

    You need to know the reasons for salvage

    AS IS describes what it is

    There are a few yes buts

    Leasing should be new units only

    used leasing isn’t good

    Buying an inexpensive (cheap) used vehicle

    Priorities vary by price

    Clear title is always number one

    A list of considerations

    Low dollars is about condition

    Banks always play a part

    29 min
  • Buying used vehicles

    Used vehicle buying

    There are many things you should consider

    Used vs new buying, how are they a different?

    Resale consideration is much the same

    Deciding what is a little less perfect

    Use all the pricing guides

    You need wholesale and retail

    Selection look and exact options can’t be too picky

    Dealer considerations

    Special reports will help

    Basic needs

    Looking it over

    Check for flood signs

    More due diligence

    List of key considerations

    Even more banks

    They will call if you walk

    OTD or CPI, always

    Cash pressure on the non-dealer

    Handling your trade?

    CPO is a no go

    44 min
  • Automotive ads and what they mean

    Automotive ads and what they mean

    Electric car pressure

    Bad ads = bad experience

    Bait and missing

    Switching stories

    Ridiculous trade values

    No matter what you owe

    Multiple rebates

    Employee pricing, means what?

    Disclosures

    Plus everything

    Radio, newspaper, magazines, TV, social media, other internet

    FTC will help eventually

    Not a single number matters

    A dealer’s ads uncover their ethical character

    Nothing else matters but OTD and CPI

    28 min
  • Why a dealer is one price

    One price philosophy

    Electric news

    The one price culture

    Be careful of special deals

    Why it is a possibility

    Lower overhead and better averages

    It’s not customer satisfaction

    2+2 is not 5

    One price does not mean good price

    Ho Hum at best

    F&I has more time

    Don’t let your guard down

    Negotiating is a happier customer

    Usually a higher average profit

    Don't let your guard down

    24 min
  • The don't do it list

    The don’t do it list

    The reverse of what to do

    Test driving?  No pricing

    Out of time

    Three choices as I see it

    Sometimes what not to do is just as good

    Take time for Due diligence

    Avoiding mistakes

    From basic to not so basic

    A list of thirty five

    Leasing adds six

    31 min
  • Pre buying questions plus credit during Covid

    Pre buying questions plus credit during Covid

    What are the questions you need to research?

    Budget

    Unit with MSRP

    Credit

    You have more time

    Protecting credit score

    Score factors

    What hurts credit

    Too much buying power

    End the extra credit

    Communication is king

    Ask all sources

    Peter to Paul

    Reset the budget

    32 min
  • The EV push and lemon law tips

    The electric vehicle push

    Green new deal and vehicles

    Reviews and reports on electric

    The resale facts

    Cost of ownership

    Convenience has value

    Not ready yet

    All states have a lemon law

    All states are different

    The Attorney General has the forms

    Arbitration could be available

    Federal lemon law Magnuson-Moss

    FTC new or used

    Effort equals results

    The main concepts

    Assertive, never aggressive

    37 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,…