Deal Talk

Deal Talk

By Geoffrey Jerome VeitBusinessEducationHow To
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Deal Talk episodes

  • The pro and con of buying an electric vehicle

    The pro and con of electric automobile purchasing

    EV’s cost many thousands more

    Resale will be less making the effective cost of ownership is even more

    Green new deal crazy

    Reviews and reports on electric

    Mild hybrid

    Hybrid

    Plug in hybrid

    Total electric

    The resale facts

    Cost of ownership

    1 Kw = 4 miles average

    Weight vs distance

    32 Kw for 100 miles

    Kw’s cost between 25 and 50 cents

    Gas isn’t that much different

    EV’s are thousands more

    Convenience has value

    Price , distance, time, safety

    34 min
  • The minus equity, upside down, underwater story

    How to handle minus equity, aka upside down, aka underwater

    New Gas MPG requirements

    9000 dollars

    The electric push

    Overlooked leasing terms

    Resale support

    Under water, minus equity, upside down

    Why it happens

    What to do

    This market’s opportunity

    Type 1 and type 2

    Due diligence

    Minimizing minus equity

    Start with the right vehicle

    Eight tips for the future

    39 min
  • Should you fix your vehicle or trade Plus motorcycle buying tips

    Fix it or trade it plus motorcycle buying tips

    Fix it or trade

    The market adds new pressure

    How old is yours

    What are the future repairs

    You need about 2 years

    If you must buy search outside of your market  as well

    Forced savings or a new project

    Keep the price low for resale loss

    Short term lease is usually an answer but not now

    Motorcycle buying is not as crazy a market right now

    Ask yourself the right questions

    Touring, sport, long , short?

    What culture?

    Insurance can be a huge factor

    Due diligence is the same

    Dealers can vary by huge numbers

    More for you to check on a used

    Avoid electric bikes

    43 min
  • Understanding the current leasing terminology

    Understanding the current leasing terminology

    1. Consumer report reviews, always the same winners
    2. Different terminology
    3. Stick to a short term
    4. Research is key
    5. Leasing terminology
    6. Closed end
    7. Open end
    8. Divide or multiply by 2400 for the interest rate or factor
    9. Acquisition, inception, termination
    10. Guaranteed resale value
    11. Capitalized cost
    12. residual
    13. sign and drive
    14. Wear and tear
    15. Annual mileage allowance
    16. Term is important
    17. No trading elsewhere now
    40 min
  • The electric truck story and shopping without negotiating

    Electric trucks and shopping without negotiation

    70 or 80 thousand for a fully equipped pickup that goes 320 miles

    Who watches the load while charging

    Electrics are still missing range, safety, competitive pricing and resale value

    Get ready for the push

    Sit down and think about it

    Shopping before any price talk                                              

    Bank info

    Trade in info

    Get your price range

    Just worry about product comparison

    Negotiation is always after due diligence and that’s after product

    31 min
  • Truck buying tips and 14 ways to lower the gas bill

    Truck buying tips and ways to save on Gas

    A list of gas saving adjustments

    Huge truck rebates, questionable results

    The market is crazy from inflation and scarcity

    Now trucks are more than trucks

    Resale and discounts

    High market will cause huge resale losses

    The market remembers huge discounts and ballooned pricing

    The box size matters

    Transmission and resale

    Engine, bigger is usually better

    4x4 = $x$ Keeps on giving

    Know exactly what you need before you look

    Finance is a bigger factor now

    Used truck market is even crazier than the new

    Carfax always

    Check for Flood even more so

     Now is not the time to buy

    If you must buy, low price equals low resale loss

    44 min
  • After the purchase or preparing to keep yours

    Smart dealers explain why to buy there

    Don’t let these crazy times control you

    Buying out you lease is simple

    There are things to do preparing for the long hall

    Make sure you got what you paid for

    Check everything after the delivery as well

    Check all paperwork numbers

    Read he manual or if needed, get one, even the keeper

    Used, change fluids

    Clean it

    Get all the carryon extras

    Do the protection

    Set up maintenance

    Air tag or tile

    Keeping it, Prepare it for starting over

    26 min
  • Which automobile sales labels matter?

    What is the story on automobile sales labels?

    Monroney is the one that matters

    Get the right info

    Watch out for double label look a like

    What the Monroney label can tell you

    Comparing your diligence

    Additional Information

    Addendum label types

    A good label can make a used look like it is a new

    Buyers guide

    Used labels for equipment only

    MSRP for proper comparison

    Monroney labels.com for the original

    OTD is all that counts

    34 min
  • What about luxury vehicle deals?

    Luxury considerations

    Crazy Market, Crazy down payments

    Check your Insurance coverage

    When buying some factors aren’t numbers

    What qualifies as Luxury ?

    Safety is paramount

    The latest High tech

    Resale is still #1

    Power, quality, technology

    EV lots of luxury models

    More affordable then you think

    Leases are best

    What affects luxury resale

    Big price, big savings

    CPO no, used maybe

    Due diligence is required

    29 min
  • How to work with a dealership's finance office during crazy times

    Handling the business office part of the deal

    Three big market questions

    What the answers likely are

    When things are this crazy, if you can, wait

    Forced pitch from F&I, get up and leave

    How to process F&I aka business office

    Business office and sales are separate

    CPI to stop payment packing

    Delivery after bank approval

    Dealer finance reserve is the biggest ticket

    Bank shopping pre dealer visit is paramount

    No to everything can be as bad as yes

    Geographic add-ons help resale

    OEM add-ons

    Always request the manufacturer of the vehicle’s warranty plan

    F&I is shop-able for almost all products

    Do your add-on planning early

    Read all the numbers in your paperwork

    39 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,…