Deal Talk

Deal Talk

By Geoffrey Jerome VeitBusinessEducationHow To
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Deal Talk episodes

  • What about when?

    What about when?

    1. No free lunch. Poor quality, poor resale
    2. Recalls can be an indicator
    3. When is a big factor
    4. Weather can be on your side
    5. Post-holiday
    6. Summer heat
    7. Week day
    8. Last or 32nd,
    9. Time thoughts
    10. Morning, noon or evening
    11. New model or left-over
    12. Two year late model used
    13. Oddity of design change
    14. When not to buy?
    15. Lease timing advantages are similar
    16. Use what you can
    26 min
  • Plan and protect resale

    Plan and protect resale

    Michelin is all you need

    25000 mile or more plan

    Late model used

    A 3 year plan

    Resale value should be your number one

    Resale is part of your deal

    A seemingly good deal, might not be

    Good resale lightens minus equity

    Is resale part of the deal?

    Resale is the biggest cost but considered the least

    A year round factor

    What is Predictable?

    What else plays a part?

    How to protect resale

    What are all the factors?

    What can you do?

    Think twice, buy once

    36 min
  • More about leasing

    Leasing facts

    Black Friday list

    Is it for me?

    Resale facts

    Flexible terms

    More Choices

    Peace of mind

    More vehicles in 10 years

    Keep it, buy it, trade it or walk away

    No repair

    Mileage is a plan either way

    Tax?

    Still trade due diligence

    Keep your trade dollars

    Easy shopping with sign and drive

    33 min
  • Preparing for the purchase

    Preparing for the purchase

    Electric vehicles mean different taxes not zero taxes

    Electric costs just like other fuels

    Consumer report yearly guide

    The brand story means resale

    Review is good

    Getting your paperwork

    After the shopping model

    Get quotes     

    What you might say

    Ad blocker

    Trade shopping

    Beacon score

    Calling Banks

    Insurance cost?

    Consider add-0ns

    List the amenities while testing

    The considerations when you're picking a dealer

    Treatment does not get better

    Due diligence is paramount

    Have you ever been this prepared?

    32 min
  • Negotiation basics

    Negotiation methods

    Timid can win

    Get the dealer to offer

    Without confrontation

    Knowledge is key

    Due diligence support

    Waiting for results

    Can you do better?

    Persistence

    Deal and trade separate if possible

    Aggressive trade issues

    Talk when there is a need

    Offer and fact together

    You may need to walk

    No substitute for due diligence

    Never shopping

    Never cash

    28 min
  • Preparing for the business office

    Talking finance office

    Small car lease

    Low residual, higher payment

    Business climate driven

    F&I, business office, finance guy

    Business office profits

    Undercoating or rust proofing makes it quiet

    Myriad of products

    Reserve goals

    Be prepared, due diligence

    Payment packing is real

    How to guard

    Menu approach

    Review in the business office first

    90 day bump

    Listen to the products info, it might be for you

    Shop the products before you shop the deal

    The more you know, the less their advantage

    33 min
  • Automobile policies service or damage

    Policies both driving or fixing

    • Extended service maybe
    • Planned ownership
    • Quality questions
    • Factory policies only
    • Repair question ratios
    • More desirable sale but not more money
    • High tech means high price repairs
    • Car, truck, motorcycle, motorhome or boat, Insurance is part of the process
    • Auto insurance is another plan
    • Just because they sound like the least expensive
    • Hundreds of companies, millions of quotes
    • Driving record isn’t number one
    • Credit is Key
    • What loyalty?
    • Teens mean dollars
    • Bundles mean nothing
    • Where are the discounts?
    • Shop them all
    27 min
  • When things aren't right

    When things aren't right

    Station wagons limited

    Might be great resale

    DWI might be stopped

    Like I said, the 10 best used cars

    If your deal has a problem

    Factory problems must follow a plan

    Due diligence, due process

    Salesperson, Manager, Dealer principal or GM

    Manufacturer (Company.com) and the bank  

    Better business (BBB.org)

    Attorney general (your state.gov/attorney general)

    FTC (federal)

    UDAP statutes will help

    Attorney last

    Assertive and persistent, not aggressive

    28 min
  • Factory Cerified Pre-owned, CPO

    CPO vehicles and value

    California 2035

    Autonomous ideas

    Communicating is a a big factor

    Read all the material for a specific certified unit

     Check points sound huge

    Just another way to sell

    Bank rates with CPO

    Certified can cost several thousand more

    Pay in advance for what might happen

    Low mileage and a clean car fax

    The retail book value does not have adds for certification

    Certification vs resale value

    Sometimes the promises lower your guard

    28 min
  • The upside down story

    Minus equity AKA upside down

    Buying from an individual

    No warranty of any kind

    Get a mileage statement signed

    Where is the title

    Don’t pay without a title guarantee

    Resale support

    Aka, under water and minus equity

    Why it happens

    What to do

    Type 1 and type 2

    Due diligence

    Minimizing minus equity

    Get the right vehicle

    Seven tips for the future

    27 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,…