Financing is handled differently depending on whether you are purchasing from a dealership or a private party. Either way, most banks will not give you a loan for a car older than 4 or 5 years. In general, you will pay at least 2% higher APR for a used car than you would on a new car loan but you can offset this by using an online lender that specialized in financing used cars such as the ones we recommend. Try to have your credit score over 680 because you will be considered a prime borrower and get the lowest possible APR. If your credit is really bad you might want to try and repair it before you buy a car.
Aspiring car salesmen can enter the field after earning a high school diploma. Most dealerships have in-house training programs for new-hires. These programs can last up to twelve months and combine formal instruction with on-lot experience under the guidance of an experienced salesperson.
Another week and another big industry event, this time the North American International Auto Show (NAIAS) in Detroit and sure enough the AP’s Twitter account is again posting sponsored tweets this time for Honda and Acura. Both posts featured the upcoming concepts the brands were featuring to interest AP’s 1.5 million twitter followers.
The best advice EquinsuOcha has given, in my opinion, is to take the day off and go ON A WEEKDAY, preferably near the end of the month. You’d be surprised how the power dynamic shifts when it’s a Wednesday at 2pm and there are 10 salesman sitting waiting for an up and nobody on the showroom floor. Don’t surrender your buying power. Make it clear that you would be happy to “begin a relationship” but that the the bottom line is the most important thing.
I just started three days ago and I am not too sure about any vehicles whatsoever. In order to work in the sales business you have to know your product. Is there any easy way you could explain to me about learning about vehicles?
I think most people understand this, to some degree. What they don’t understand is that I only get paid if I sell a car. If I don’t sell a car, I don’t get paid. I make nothing. So if you come in and ask me to test drive a few cars, and I work numbers with you, and you take up three or four hours of my time, but you leave and don’t buy a car . . . I have made nothing. I am not compensated in any way for the time I just spent with you. I just poured three hours down the drain.
11. People like to talk about themselves. Yes, even the shy and introverted customers like to talk about themselves. If you can get them to trust you and build some rapport you can get even the shyest people to talk your ear off and provide you with everything you need to know to sell them a car. So of all the car salesman tips asking questions will help you get them to open up and talk. This will help you learn about them and build rapport.
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I once sold a car to a man in his early 20s. He came in with a buddy of his and wanted to test drive an older Mustang we had, a Mustang that had been on our lot for quite some time. But he didn’t buy that day. He came back a few days later with the same friend, but I was busy with another customer at the time, so a friend of mine who is my “floor partner” helped him.
The number of used vehicles available to the market will continue to rise in 2018. In 2016, there were 3 million lease returns. 2017 had approximately 3.5 million lease returns and may reach nearly 4 million used cars returning in 2018. Used cars sales estimates for 2018 are expected to hit 40 million vehicles.
If customer is financing and wants to be at two hundred dollars a month, putting them in a thirty thousand dollar car will be a mistake. It will be easy to get a customer to fall in love with a high priced car but when you get inside, you will be disappointed.