Quote:
Originally Posted by Roach
- I can't believe some of the stuff some new car dealers are pulling lately. This example is with some Toyota stores I have heard of: They will take a deposit for a Tacoma/RAV4 Hybrid/4Runner or other hot vehicle. Come the time for your vehicle to arrive, some dealers will not sell you the vehicle if you are a cash buyer. If you are a cash buyer, you best have a trade. And when they appraise that trade, they absolutely lowball the shit out of these people because they know they can. Also, they won't appraise your trade at the time you put the deposit down. Yes, your vehicle may get driven more. But the main reason they do it is because when your shiny new object arrives, they think they have you by the balls and can offer you pennies on the dollar. You don't like the trade value? Ok, no deal we will sell your high demand factory order to someone else. It's such short term thinking on how they treat their clients.
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This is what happened to a friend of mine. The sales manager wouldn't release the car since he was buying it in cash unless he had a trade in but they gave him a week and if no one took it with a trade, they'd sell it to him. He eventually got it though.
Second part happened to me, placed an order for a car and they said they wouldn't appraise it until the vehicle arrived in 3-4 months. I just sold it to a friend of mine for more than what they would've appraised my car at. Luckily I have the luxury of driving other cars while I wait.