dealer telling me if I take 2% loyalty rate reduction they cannot further discount
#1
dealer telling me if I take 2% loyalty rate reduction they cannot further discount
hello, im talking to a dealer here in canada regarding a mercedes and they stated that the best they can do as a discount/bargaining on the vehicle is let me use the 2% loyalty rate reduction on the finance since I already own a mercedes. They are saying the savings I am getting from the rate reduction is taken from the dealer so they will lose that $ which means they cannot discount me more. This sounds like bogus to me but wanted to confirm with you guys. As far as I understand/assume, MBFS/mercedes corporate is giving the discount on there end because I own a mercedes and am getting another one since I am being loyal to the brand/corporate mercedes. I don't see how the dealer has anything to do with that and I don't see why MBFS would take the savings from the dealer, that doesn't really make sense. I have a sense that they are trying to use car sales tactics on me hoping I just agree and buy the car. Is this possible as in could the dealer be telling the truth? or am I correct in assuming they are 'lying' to me and that I should technically be able to get a tad more of a discount from the dealer
Thanks
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#2
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hello, im talking to a dealer here in canada regarding a mercedes and they stated that the best they can do as a discount/bargaining on the vehicle is let me use the 2% loyalty rate reduction on the finance since I already own a mercedes. They are saying the savings I am getting from the rate reduction is taken from the dealer so they will lose that $ which means they cannot discount me more. This sounds like bogus to me but wanted to confirm with you guys. As far as I understand/assume, MBFS/mercedes corporate is giving the discount on there end because I own a mercedes and am getting another one since I am being loyal to the brand/corporate mercedes. I don't see how the dealer has anything to do with that and I don't see why MBFS would take the savings from the dealer, that doesn't really make sense. I have a sense that they are trying to use car sales tactics on me hoping I just agree and buy the car. Is this possible as in could the dealer be telling the truth? or am I correct in assuming they are 'lying' to me and that I should technically be able to get a tad more of a discount from the dealer
Thanks
Thanks
#3
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hello, im talking to a dealer here in canada regarding a mercedes and they stated that the best they can do as a discount/bargaining on the vehicle is let me use the 2% loyalty rate reduction on the finance since I already own a mercedes. They are saying the savings I am getting from the rate reduction is taken from the dealer so they will lose that $ which means they cannot discount me more. This sounds like bogus to me but wanted to confirm with you guys. As far as I understand/assume, MBFS/mercedes corporate is giving the discount on there end because I own a mercedes and am getting another one since I am being loyal to the brand/corporate mercedes. I don't see how the dealer has anything to do with that and I don't see why MBFS would take the savings from the dealer, that doesn't really make sense. I have a sense that they are trying to use car sales tactics on me hoping I just agree and buy the car. Is this possible as in could the dealer be telling the truth? or am I correct in assuming they are 'lying' to me and that I should technically be able to get a tad more of a discount from the dealer
Thanks
Thanks
In your case, you're getting 2 points lower than the qualifying rate, which costs the dealership money. So it actually is fair for them to only discount their car so much that they can still turn a profit. Hope I explained that well.
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AllPhonesAretap (03-29-2023)
#4
When negotiating with dealers, it's common for them to mention promotional rates like loyalty discounts. While taking a loyalty rate reduction can lower your financing costs, it's also reasonable to expect additional negotiation room on the vehicle's price. Politely express your interest in exploring all available options, including potential discounts beyond the loyalty rate reduction. Regarding stock market news, consider using reputable applications like Bloomberg or Reuters for real-time updates, analysis, and insights. These platforms provide comprehensive coverage of global markets, helping investors make informed decisions. Stay updated with the latest market trends to optimize your investment strategy effectively.