Robert
Irvine,#2Consumer Comment
Sat, May 02, 2009
Wow a salesperson telling half-truths, who would have thought. "..By putting the customer in the car , we are merely trying to keep them from running their credit again and possibly lowering their score even more.." - You of all people should know that the major credit scoring systems take this into account. Where ALL credit inquiries for car within a 14 day period count as 1(ONE). So they could go to another 10 dealers and their score will be effected exactly and additional 0 points. So if you are telling your customers this, you are just telling the uneducated another lie trying to explain "spot" delivery. The real reason you are trying to get them into the car so that they won't go to another dealer and possibly get a better deal. If you really cared about them you would say "The bank may not approve your loan, so let me work on that before you take the car off the lot". This way if it is not approved guess what..no extra miles are put on the car. But you don't do that because once they are in the car they are more likey to want to keep it. It makes it easier to get them to except terms that are not as good as you said in the beginning. As to risk, there is very often no risk for you, because if they are approved everything is done. If they are declined with worse terms and take those you still get the sale. If they are declined and give the car back you get to keep the deposit in most cases for "wear and tear".
Dallascarlady
Plano,#3UPDATE Employee
Sat, May 02, 2009
I have sold cars for sub-prime car lots for 16 years and for all the negative comments I read, I understand the consumer's frustration. I have poor credit myself. What people do not understand is that to get a sub prime bank to buy a contract, we have to jump through some serious hoops. I, personally , try to educate my customers on just how the process works and how, until they receive the contract from the bank in the mail, they should consider it pending. By putting the customer in the car , we are merely trying to keep them from running their credit again and possibly lowering their score even more. In this arena, we must sometimes take the risk ( of putting them inthe car before its actually approved)that the bank MAY not buy the car. Some salespeople feel that if told the truth , the customer would not understand. My customers appreciate the truth . They realize that I am doing the best I can to help them into a car and help rebuild the car. We hurt as much as you do when the loan doesn't go through. Now the person has put miles on the car and we still have to sell it to another person.We make $0 for all our work and effort and shmoozing the lender to take the deal. I know its a crazy business,,but when it works and a person that has damaged credit can't buy anywhere else and gives me a hug because I went the extra mile and didn't just blow them off to work with someone with good credit, they appreciate what I do and it keeps me in this business that i love. I start my day every day praying that God will send me a person who can truly benefit from what I do and turn their credit and sometimes their life around. They drive off smiling and it improves their confidence and their life. we are not all evil. i am determined to continue to do what I love with honesty and integrity. And by the way , every car dealer has less than honest people working for them. But we're not all bad people....pamela , central kia plano