- What should you not say to a car salesman?
- Why do dealers charge a doc fee?
- How much does a dealership cost to buy?
- How do you avoid dealer fees?
- Should you pay dealer fees?
- Do car salesmen make good money?
- What fees can you negotiate when buying a car?
- What should you not pay for when buying a car?
- Are dealer fees negotiable?
- How much can I expect to pay in fees when buying a used car?
- How much does a car salesman make a year?
What should you not say to a car salesman?
10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman.
“I don’t know that much about cars” …
“My trade-in is outside” …
“I don’t want to get taken to the cleaners” …
“My credit isn’t that good” …
“I’m paying cash” …
“I need to buy a car today” …
“I need a monthly payment under $350”More items…•.
Why do dealers charge a doc fee?
A doc fee — also called a document or documentation fee — is a fee charged by car dealerships to process a vehicle’s paperwork. Essentially, a doc fee covers the cost of all the dealership’s back-office employees, from the people who handle the money to the employees who deal with the title, registration and the DMV.
How much does a dealership cost to buy?
The total cost of opening a car dealership is generally considered to be upward of $100,000 to as much as $200,000. The reason for the range in the cost is due to the difference in expenses depending on the state you are opening your dealership in, and the type of dealership you will be opening.
How do you avoid dealer fees?
But don’t despair – there are a few things that you can do to avoid dealer fees when buying a used car! The first way to fight back is by thoroughly reviewing the fine print. Ask the dealer for a line by line itemization of what the doc fee pays for in addition to what is already written.
Should you pay dealer fees?
As you look for your new vehicle, make sure you plan for dealer fees. These fees are added to the sticker price of the vehicle and often change the final amount you pay. There are different types of fees, those required by the state and those that cover things that are nice to have, but are not required.
Do car salesmen make good money?
According to payscale.com, the average wage for a car sales person is $48,000, but they can also earn an average of $3000 a year in bonuses on top of that, plus an average of $19,888 in commissions. It goes on to say that salary can range from $38K to $55K while commissions can range from $10k to $54K.
What fees can you negotiate when buying a car?
Focus any negotiation on that dealer cost. For an average car, 2% above the dealer’s invoice price is a reasonably good deal. A hot-selling car may have little room for negotiation, while you may be able to go even lower with a slow-selling model. Salespeople will usually try to negotiate based on the MSRP.
What should you not pay for when buying a car?
Educate yourself and know what charges you should not pay when purchasing a new or used vehicle.Extended Warranties.Fabric Protection. … Window Tinting and Other Upgrades. … Advertising. … V.I.N. … Admin Fee. … Dealer Preparation. … Freight. What is “freight,” you ask? … More items…
Are dealer fees negotiable?
While some dealer fees might seem relatively small compared with the car’s total price, the costs can add up. … But with some fees, you may be able to negotiate them and sometimes even compare dealerships to save money on your next car.
How much can I expect to pay in fees when buying a used car?
As a broad rule and depending on where you live, tax, license, assorted fees and other costs will add roughly 10 percent to the purchase price. This makes the price of a $30,000 car actually about $33,000 and, if you’re financing the deal, you will be paying interest on that additional amount.
How much does a car salesman make a year?
According to the site Payscale.com, the median salary of a car salesman in 2018 was $41,539, with a range of about $19,000 for those earning in the bottom 10th percentile and about $83,000 in the 90th percentile. The median is the number above which half earned more than and half earned less than.