Raynham car dealership agrees to pay $225k to resolve allegations of deceptive ...
24.05.12
A family of car dealerships with locations in Hanover and Raynham has agreed to pay $225,000 in restitution, civil penalties and attorney fees to resolve allegations that it used deceptive marketing tactics, Attorney General Martha Coakley announced today.
“We are pleased that the company has agreed to provide restitution to consumers and has taken important steps to make sure that misleading business practices do not occur in the future,” Coakley said in a statement.
According to the AG’s complaint, filed yesterday in Suffolk Superior Court along with a consent judgment, McGee Wholesale Cars, McGee Motorcars Inc. and McGee Chevrolet Inc., placed advertisements online and in print publications that misrepresented the actual prices of automobiles. Often the advertisements listed the so-called “dealer’s cost” rather than the actual sale price of a car, misleading buyers into believing the car was being offered at low prices that the dealership would not meet, the complaint stated.
A loan deal becomes sweet only if there is some kind of incentive from the manufacturer or financier. Otherwise, it can be as good as any other loan deal in the market. Try and separate the loan purchase from other negotiations in order to maximise it. Even if you can't maximise, you would know what exactly you've got.
For instance, a discount offered by a manufacturer can be clubbed in the loan calculation to make the loan deal look much better. Assuming that you take a Rs 4-lakh loan at 12% interest rate for 5 years. The EMI will cost Rs 8,810. Let's assume that the dealer has got a discount of Rs 25,000 to be offered to you. He doesn't tell this to you but reduces it from the loan amount, making the EMI as low as Rs 8,259. Or he may also choose to tell the customer that the effective interest rate he is offering is 8.8%. A discount of Rs 25,000 doesn't sound as lucrative as an interest rate of 8.8% in the current scenario," says Banwari Lal Sharma, AVP, CarWale Automotive Exchange.
How to: Buy A Car Step 1: Find a car that you like Step number one is finding a car that you like. Try to do that away from the distractions and ...
If I know EXACTLY how much cost a car dealer has in a car, how much should I payover that?
Nov 19, 2008 by rasbx7 | Posted in Buying & Selling
The dealer bought the car at auction and I was able to find out the selling price at the auction. Any suggestions?
I sell used cars, if the dealer sells it to you at $1000 profit that is a great deal. Most dealers make $2500-3000 on each car.
indianguy | Nov 19, 2008
a few hundred over. he has overhead and conditioning costs.
hello | Nov 19, 2008
Hello
Check Parkers for guidance as this is close to what they work from hen anything less is a bonus.
Andy C
ANDY | Nov 19, 2008
How much would a car service at a dealer cost?
Sep 25, 2009 by Sputh | Posted in Maintenance & Repairs
Im considering buying a brand new fiat so will need to take it to a fiat dealer to be serviced, does anyone know how much this will cost?
We would need to know exactly what's recommended for service in the book in your glove compartment. Usually oil changes and tire rotations are all that's needed with a new car.
Country Boy | Sep 25, 2009
125$ to be plugged in and checked and than any other needed items like oil belts etc
wdr | Sep 25, 2009
it costs about 150 pounds roughly
chammi | Sep 25, 2009
Between £150 - £200 depending on where you live.
bty81216349 | Sep 25, 2009
If it's brand new, you shouldn't need any servicing in the first year unless you're doing a high mileage. As it's a fiat the chances are that you'll be back to the dealer several times to have things sorted out. It should all be free though.
The exact cost of your first annual service depends on the model you're intending buying. Set aside £100 - £300 for a typical service or you could go on a budget plan see http://www.fiat.co.uk/Content/?id=2346 & get it covered in advance.
To be quite honest, if you're at all concerned about the cost of servicing, I don't think you should be buying a brand new car. Its value will plummet by thousands the moment you first drive off the dealer's forecourt. If costs concern you, don't buy anything less than two years old, then keep it till it starts needing more attention than just basic servicing, then change again. I do this & typically I pay less than half the new price of a car & keep them for between 3-5 years. My cars have all been as reliable as new ones but at a fraction of the cost.
dzerjb | Sep 25, 2009
I will never understand why people think they are saving any money or keeping the value of a new car by having it serviced by a dealer.
Tell them to stick the warranty where the sun don't shine and get it serviced at a local garage thus saving hundreds of pounds.
Black Panther | Sep 25, 2009
Hello, no you don,t need to take it there. All you need to do is take it to a registered garage. Have a new car serviced yes, but you don,t need to pay main dealer prices
Quofan | Sep 25, 2009
$5
Ozeki | Sep 27, 2009
What is the right amount to bargain w/ a car dealer w/o sounding too ridiculous, let say if a car cost 27,000?
Mar 29, 2008 by Tom | Posted in Buying & Selling
Find out the invoice price and work your way up from there. Usually 5 -8% over invoice is pretty good....depends on the car though.
sukbunny | Mar 29, 2008
it depends on the car, but you can go as low as 24,500, You have to consider that the last thousands, even 5,000, is what he will earn for selling the car so thats your bargain margin
Capucho | Mar 29, 2008
the way the cars dealers are these days you should get the discount plus rebates also it is a buyers market never pay sticker price go to edumnds.com and get ideas on buying from the dealers.hints they have a ton of them
ogdad223 | Mar 29, 2008
How can I find out the dealer's cost for a new car?
Jul 30, 2009 by ssg_harris | Posted in Buying & Selling
Looking at getting a new car. Have been reading about getting the dealer's cost for the car to use as a negotiating tool, but I'm not sure how to get that price. Just want to know how I can find it out.
the price changes every week with hold backs and dealer hold backs
pickmefirstplz | Jul 30, 2009
How much does it cost to get a car dealer's license?
Jun 14, 2009 by Lisa C | Posted in Buying & Selling
I live in California. Are there annual payments, taxes (aside from the cars you sell, etc? How much is it? Thanks!
Thanks. Then my question would be how much does it take to maintain a car dealer's license w/ those requirements?
Look, I know you wont like this answer, but here's the reality of the situation - you should not pursue this any further.
Getting a dealer license in CA is not as hard as in some states, but it is a long costly process.
First you need to secure a place of business, with "adequate signage', and space to display at least 4 vehicles. You need a dealer surety bond for $25k - you can get that from a bonding agency for about 400/yr. You need dealer auto insurance, which is very expensive. You need a business license and federal, state, county and local tax numbers. You need to take a class from the DMV on dealer principles and practices. You need to pass a DMV test on the material in the class.
AFTER you have done all of that, then you may *apply* for a license. The DMV will conduct a credit and background investigation. Then, they can still deny the license.
Just FYI - I am in NV, we have similar requirements. Before I sold the first car in 2009, I was budgeting about $70,000 in fixed and variable operating expenses for the year. This does NOT include buying inventory. That is just for all the things I mentioned plus utilities and phone.
Why did I say not to pursue this? Aside from the obvious costs and hurdles it takes to get a license? All of this information is on the CA DMV website - the first place anyone who is involved in the auto industry should look. That means that you have little to no experience in the auto industry. It is not a job for the faint of heart. And I have seen hundreds of novices come and go - they get eaten alive in less than 90 days. You really need to know your business backwards and forwards before you even think about branching out on your own. Otherwise, you will lose all of your investment, and be left holding the back so fast you wont know what hit you.
I am not syaing this to be unkind - take it as a frank appraisal and an honest warning. Think long and hard about this before you step over the ledge.
The old ladder truck will be sold to either a scrap dealer or to another department, whichever bid is higher. Money from the sale will offset the cost of and more »
Which? up fixing problems with their new purchase themselves, at an estimated average cost of £425, when in fact they were the dealer's obligation to correct. Consumers need to know their rights before buying second hand carBuying a used car - know your consumer rightsRise in used car 'complaints' -all 76 news articles »
Sticking with your car's dealer can be a safe choice, because the staff will be trained to work on your car. But over the life of a high-mileage car, and more »
New York Times (blog)Make sure you have a budget in mind before you go to the car dealer. Salespeople are trained to encourage you to upgrade to a more expensive car or to add Bad Credit Car Loans and Cheap Car Insurance QuotesCar Loans for Bad Credit and Credit MonitoringGet No Credit Online Loan with No Down Paymentall 42 news articles »
Buyers place orders and choose a dealer where they'll pick up the car. Nissan is stumping the countryside providing potential buyers with Leaf test drives, and more »
Which? up fixing problems with their new purchase themselves, at an estimated average cost of £425, when in fact they were the dealer's obligation to correct. Consumers need to know their rights before buying second hand carBuying a used car - know your consumer rightsRise in used car 'complaints' -all 76 news articles »
New York Times (blog)Make sure you have a budget in mind before you go to the car dealer. Salespeople are trained to encourage you to upgrade to a more expensive car or to add Bad Credit Car Loans and Cheap Car Insurance QuotesCar Loans for Bad Credit and Credit MonitoringGet No Credit Online Loan with No Down Paymentall 42 news articles »
