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Forums - General Discussion - Should I Get This Car? UPDATED

 

Should I get the BMW?

Yes, it sounds like a good deal 5 10.87%
 
Eh, be careful, it sounds pretty sketchy 8 17.39%
 
No! It sounds like a scam 16 34.78%
 
It's too shady to be cer... 17 36.96%
 
Total:46
Normchacho on 13 February 2017
StarOcean said:
cheshirescat said:

Here's an example of how much bullshit it is, I owned an Audi TT, and as if a timer had gone off, the starter went out not a week after the warranty had expired.  Replacing a starter on most domestic and Japanese brands tends to set you back 200-300 dollars, for the TT it was 800.  Sensors tend to go for 200-300 dollars a pop, and if one goes out several tend to go with it, and don't get me started on the air suspension in most German cars.

Why are they so high maintence? Are they usually for more experienced drivers?

They're more expensive cars. It might partly be because the use higher quality parts, but it's mostly just because if you can afford $50K+ on a car, you can afford an $800 starter motor.



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Normchacho on 13 February 2017
superchunk said:
No. They are clearly shady and attempting to put you through the ringer.

Your credit isn't so bad that you cannot get a car, especially a lower priced one. Though you may want to have $500 to $1K for a down payment. But expect to have a higher interest rate as well... which is another reason to stay in low price.

Also - before you buy any used car.
1) go edmunds.com and kbb.com to determine value.
2) do not get attached to a car - do what is financially smart
3) if you can, secure financing from a bank, like a credit union, before you go in - this gives you more power. car dealers make deals with banks and up the actual interest rate above what a bank actually offered so the dealer can get a kickback.

This. Though, he did say that it was the age of his credit that was mostly causing him trouble. Which makes sense.



Bet with Adamblaziken:

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StarOcean on 13 February 2017
Normchacho said:

No no no no no no no. Even if the car was fine, DO NOT buy a car from that dealership. There is all kinds of bad vibes coming from this whole situation.

1. I'd recommend getting your financing situation squared away from a bank BEFORE you go to a dealership (by that I mean, make sure you've been approved for a loan from a reputable place so that you can just pay the dealership cash and finance through the bank). Used car places are very hit and miss and some won't hesitate to take advantage of you. Especially if you're new to buying a car.

2. Go with something that's going to be cheaper to maintain and that's going to be more reliable. BMWs are great, but it's going to be pretty expensive to own.


Oh, and did they tell you the term and APR for the loan? Because...$270 for a car that costs $10,500 is pretty high. That's like 48 month at 16-17%. Which, considering your credit...doesn't seem too crazy...but it could also be 60 months at like 23-24%. Then you're stuck paying for an 8 year old car for 5 years.

 

Source: I used to sell cars/been a car guy my whole life.

Ok so avoid them. But what do I do tomorrow? Tell them I'm not interested? Those guys kind of freak me out, if not because they were very unprofessional being like, "You aren't leaving this lot until you own a fucking car!" and (they were referring to a customer who had walked out on them) "Oh that motherfucker ain't coming back, is he? Fuck that asshole." just didn't seem very... customer friendly XD but I can just say I'm no longer interested? It's hard to do since they brought the banker in and spent 2hrs to get me a car and were like "Dude, we got our banker friend here to help you get a car. Man, least you can do is be respectful and hear him out, man." -obvious guilt tripping but It works x~x



cheshirescat on 13 February 2017
StarOcean said:
cheshirescat said:

Here's an example of how much bullshit it is, I owned an Audi TT, and as if a timer had gone off, the starter went out not a week after the warranty had expired.  Replacing a starter on most domestic and Japanese brands tends to set you back 200-300 dollars, for the TT it was 800.  Sensors tend to go for 200-300 dollars a pop, and if one goes out several tend to go with it, and don't get me started on the air suspension in most German cars.

Why are they so high maintence? Are they usually for more experienced drivers?

HA!  No, they do it because they can, because idiots are willing to pay more for the "luxury" experience.  Don't get me wrong, the ride and comfort of German cars is good, it's just designed to fail.  German cars are the pinnacle of planned obsolescence, the only brand that is outright worse when it comes to that is Land Rover, don't even accept one of those pieces of trash as a gift unless it came with a comprehensive service plan.



StarOcean on 13 February 2017
Normchacho said:
superchunk said:
No. They are clearly shady and attempting to put you through the ringer.

Your credit isn't so bad that you cannot get a car, especially a lower priced one. Though you may want to have $500 to $1K for a down payment. But expect to have a higher interest rate as well... which is another reason to stay in low price.

Also - before you buy any used car.
1) go edmunds.com and kbb.com to determine value.
2) do not get attached to a car - do what is financially smart
3) if you can, secure financing from a bank, like a credit union, before you go in - this gives you more power. car dealers make deals with banks and up the actual interest rate above what a bank actually offered so the dealer can get a kickback.

This. Though, he did say that it was the age of his credit that was mostly causing him trouble. Which makes sense.

Yeah, my credit is only 9-10 months old. Which has been an issue for me



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StarOcean on 13 February 2017
superchunk said:
No. They are clearly shady and attempting to put you through the ringer.

Your credit isn't so bad that you cannot get a car, especially a lower priced one. Though you may want to have $500 to $1K for a down payment. But expect to have a higher interest rate as well... which is another reason to stay in low price.

Also - before you buy any used car.
1) go edmunds.com and kbb.com to determine value.
2) do not get attached to a car - do what is financially smart
3) if you can, secure financing from a bank, like a credit union, before you go in - this gives you more power. car dealers make deals with banks and up the actual interest rate above what a bank actually offered so the dealer can get a kickback.

I'll definitely use the websites you showed me! and I will see if my bank can loan me money



Normchacho on 13 February 2017
StarOcean said:
Normchacho said:

No no no no no no no. Even if the car was fine, DO NOT buy a car from that dealership. There is all kinds of bad vibes coming from this whole situation.

1. I'd recommend getting your financing situation squared away from a bank BEFORE you go to a dealership (by that I mean, make sure you've been approved for a loan from a reputable place so that you can just pay the dealership cash and finance through the bank). Used car places are very hit and miss and some won't hesitate to take advantage of you. Especially if you're new to buying a car.

2. Go with something that's going to be cheaper to maintain and that's going to be more reliable. BMWs are great, but it's going to be pretty expensive to own.


Oh, and did they tell you the term and APR for the loan? Because...$270 for a car that costs $10,500 is pretty high. That's like 48 month at 16-17%. Which, considering your credit...doesn't seem too crazy...but it could also be 60 months at like 23-24%. Then you're stuck paying for an 8 year old car for 5 years.

 

Source: I used to sell cars/been a car guy my whole life.

Ok so avoid them. But what do I do tomorrow? Tell them I'm not interested? Those guys kind of freak me out, if not because they were very unprofessional being like, "You aren't leaving this lot until you own a fucking car!" and (they were referring to a customer who had walked out on them) "Oh that motherfucker ain't coming back, is he? Fuck that asshole." just didn't seem very... customer friendly XD but I can just say I'm no longer interested? It's hard to do since they brought the banker in and spent 2hrs to get me a car and were like "Dude, we got our banker friend here to help you get a car. Man, least you can do is be respectful and hear him out, man." -obvious guilt tripping but It works x~x

Yeah, call them and tell them you're no longer interested in the car. They are deliberatley trying to push you hard to buy the car but you need to be your own advocate because nobody else will. If they give you a hard time (which it sounds like they will) hang up on them and never speak to them again.

 

and like I said, did they give you more specific details on the loan itself?

 

Oh! and also check NADA.com. That's the sight that a lot of dealers use when pricing their used cars (it's the National Auto Dealers Association website).



Bet with Adamblaziken:

I bet that on launch the Nintendo Switch will have no built in in-game voice chat. He bets that it will. The winner gets six months of avatar control over the other user.

JOKA_ on 13 February 2017

Not only does it sound very sketchy, but they managed to talk you into getting a car that is about 3x more expensive than the high end of your budget. The payments are low because the length of the loan is probably very long. They'll make more money on you paying interest (what is the rate?) for longer.



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StarOcean on 13 February 2017
Normchacho said:
StarOcean said:

Ok so avoid them. But what do I do tomorrow? Tell them I'm not interested? Those guys kind of freak me out, if not because they were very unprofessional being like, "You aren't leaving this lot until you own a fucking car!" and (they were referring to a customer who had walked out on them) "Oh that motherfucker ain't coming back, is he? Fuck that asshole." just didn't seem very... customer friendly XD but I can just say I'm no longer interested? It's hard to do since they brought the banker in and spent 2hrs to get me a car and were like "Dude, we got our banker friend here to help you get a car. Man, least you can do is be respectful and hear him out, man." -obvious guilt tripping but It works x~x

Yeah, call them and tell them you're no longer interested in the car. They are deliberatley trying to push you hard to buy the car but you need to be your own advocate because nobody else will. If they give you a hard time (which it sounds like they will) hang up on them and never speak to them again.

 

and like I said, did they give you more specific details on the loan itself?

They can't legally use my credit card, right? I purposely let them take a copy of my credit card since it only has $25 on it. They said they wouldn't charge anything on it. They just wanted to ensure that I had something of value to pay with tomorrow. I didn't want to show them my debit card since that has a little over $1K on it. 

And no. I was literally told to sign papers because I needed to go somewhere. So that the deal would still be valid they had me initialize stuff. But didn't tell me anything about what I was signing. Which is why I only gave them a card with little $$ on it. Because I didn't feel good giving them my debit card.



VAMatt on 13 February 2017

You already know this is a bad deal. That's why you posted this. Just trust your gut and don't buy the car. You shouldn't have signed any papers, of course. But, in any case, just say sorry, I don't have the money, and don't go back to the dealership. If they try to tell you that you're obligated since you signed something, just tell them to fuck off and hang up the phone.