New Vs. Used: Proving up the Depreciation Factor

In our recent article Discovering Depreciation we make a hard case for buying used vs. new. To highlight some reasons: When you drive off the lot in a new car, you just paid retail pricing for a car that is now only worth wholesale value. On top of that, most cars lose 15-20% a year in value. You are also putting wear on the tires, using up the manufacturer's warranty and contributing to the normal depreciation of any car, new or used.

We have decided to examine some of our late model, low mileage inventory and compare price, warranty and payments to its' new predecessor.

2012 Acura TL with Technology Package at BobStallingsCars.com $36,995
7053 miles. Fully Loaded with 3.5 V-6 Engine, Sequential SportShift Auto with Paddle Shifters, Satellite Radio, Navigation, Rearview camera, HID Headlights, Keyless Start, Heated Front Seats, Automatic Climate Control, Bluetooth, Acura ELS Surround Sound System, USB/iPod Integration, Song by Voice, Real-time Traffic/weather, AcuraLink, Voice Recognition, Tire Pressure Monitoring System, Manufacturer's Warranty. (Don't forget to factor BobStallingsChampion Checklist Pre-Inspection and Complimentary Luxury Loaner Car use for future service and maintenance needs)               

$548.09 Per Month with $3,000 Down Payment. 2.24 for 66 Months +TTL with Financing From BobStallingsCars.com. Interest Paid $2232.55

-VS.-

New 2012 Acura TL with Technology Package at a local Acura Dealer $40,984
0 miles. Same equipment.

$1069.81/month with 0.9% over 36 months with $3,000 Down + TTL. Interest Paid $529.33

A BobStallingsCars.com client will save roughly $4000 if you are a cash buyer. Save roughly $1800 if you factor in the interest that you would pay. Either way you slice it, buying a Pre-Owned Acura in Carrollton from BobStallingsCars.com is a better value.  

2011 Infiniti M37 at BobStallingsCars.com $40,995

27,923 miles. Carfax 1-owner vehicle* Back-up Camera* Navigation* Sunroof* Heated and Cooled front seats* Homelink Garage Door Opener* Xenon Headlamps help light up the road* Memory Seats* Dual Zone A/C* Tire Pressure Monitoring System* Heated Steering Wheel* Bluetooth* Power Tilt and Telescopic Steering Wheel* Upgraded Bose Stereo System* Keyless Start

$628.53 per month with $3,000 Cash Down, 2.24% over 66 months +TTL. Total Interest Paid $2487.74

vs.

2012 Infiniti M37 from your local Infiniti Dealer $52,045

0 miles. Same equipment.

$1330.54 per month with $3000 cash down, 3.9% over 48 months +TTL. Total Interest Paid $4820.91

The BobStallingsCars.com client would save about $11,000 if they were paying cash. Or, if financing, our client would save $13,000!

Navigating the Finance Road can be difficult in today's economy. With so many options it is scary out there. Come to BobStallingsCars.com near Frisco, Dallas, Addison and Plano and make it easy on yourself. Or fill out our finance application here to get a good idea of what rate you would qualify for.

Non-Commissioned Salesmen | The Future of Car Buying

Those who have worked with Car Salesmen can all agree car salesmen come in two categories:

1) The professionals with a passion for cars
2) The professional liar with a passion for commission

Commissioned Salesmen

Few people are naturally great at selling and, we would expect those few people to use this skill to their full advantage. This is where commissioned car salesmen have the potential to earn the big bucks. For fined tuned salesmen, commission reflects their labor, experience and skills. More is always better. With pressure from their superiors, the salesman uses his sales super-skills to slam you into a car while retaining as much profit as possible. They thrive off impulse buys, higher interest rates, extended finance terms, and a full menu of exorbitant extras. Unfortunately, in the cut throat world of car sales, traditional dealers have stuck with this outdated model.

Non Commissioned Salesmen

There is only one car dealer that I've ever heard of that does not practice a commission based business model. For these car enthusiasts, less time is spent with tactics and more time is invested in inventory knowledge and market trends. By eliminating commission, BobStallingsCars.com, located in Carrollton, Texas has eliminated a dishonest and pushy sales transaction. In fact, they encourage our customers to investigate their next car thoroughly online, while they are by themselves. That's why they put a free CARFAX report with every listing on their webpage. Clients can quickly review models on KBB and Edmunds while simultaneously looking at the BobStallingsCars.com website.

How to Buy a Used Car with Help from the Internet

Buying a car on the internet can be a foreign and scary process for many consumers. Some of the concerns have been pricing, price comparisons, shipping costs and dealer trust. Not anymore, buying your next car online can also save you money and time. Here's why:

Online Dealers Save Time & Money

At BobStallingsCars.com we pride ourselves on having low overhead. All of our cars are kept in a climate controlled, indoor warehouse in Carrollton, just north of Addison Airport. In Texas we have extreme heat, ice, hail and other types of crazy weather. Our cars are protected from damage-and our business insurance is considerably lower than an outdoor dealer. Because we are mostly online business, we have only a handful of capable employees. None of our salespeople are on commission. We are able to sell our vehicles much cheaper than the big dealers with huge, expensive buildings.

Quick and Easy Price Comps:

With the proper online dealer, you should be able to view multiple photos, descriptions, Carfax Reports and the price right on the website. That makes it easy for you to shop comparables. When you compare prices make sure that you take into account mileage, options/trim level, condition, color, vehicle history reports like CARFAX in addition to year, make and model.

Shipping will not Break the Bank

Once you've decided that you like the vehicle, be sure the dealer discloses what shipping costs will be (if any). Your trusted Carrollton dealership will put quotes available for all to see online. Your car, including shipping, should still be within market value. No pressure, negotiate and ask questions. Talk to the dealer without being at the dealership in person. This removes the impulse purchase from your buying process.

Have the Dealer Earn your Trust

Always ask the dealer how much reconditioning they've done to the car or how much has been done prior to their purchase. At BobStallingsCars.com we have the ability to tell whether a pre-owned car has been painted. Quite oftenly, there have been touch ups to vehicles that weren't disclosed on the history report. This is important to know, most of all for trade in value.

Shop the Best Finance Rates

Giving the dealer time to shop your loan will ensure your best rate. Not happy with the dealer's rate- find one online through your local bank or credit union.

Don't Settle

Any dealer that sells a Pre-Owned Vehicle without first doing a mechanical checkout or inspection is not only crazy but JIGGY. At BobStallingsCars.com of Carrollton we perform a minimum 25 point inspection on all of our cars PRIOR to being made available for purchase. If the car needs repairs, we've already made them. And, we disclose to our customers all work that we do.




To find out more about BobStallingsCars.com, call us 972.248.2277

Related articles

• Discovering Depreciation (bobstallingscars.blogspot.com)
• How to Buy a Used Car with Help from the Internet (bobstallingscars.blogspot.com)
• How to Visually Inspect a Vehicle Prior to Purchase (bobstallingscars.blogspot.com)
• Non-Commissioned Salesmen | The Future of Car Buying (bobstallingscars.blogspot.com)