is it a good idea to tell the dealer that the truck is for a small biz. will they try to stick to me worse if i do. should i tell them its for personal use. should i bring all of my paperwork showing my small biz is a legal entity.
2007-07-04 03:45:58 · 6 answers · asked by kevin p 2 in Cars & Transportation ➔ Buying & Selling
The most important way to approach car salesmen is with an air of confidence and moderate disinterest. Never wear your heart on your sleeve because you will be taken for a ride. Do the research BEFORE setting foot in the dealership.... meaning...go online and spec out the exact vehicle that you want and use the online tools to estimate costs etc. Also check the 'New Vehicle' section of Kelly Blue Book for the 'invoice' cost of the vehicle. This will tell you how much the dealer pays for each car. http://www.kbb.com/KBB/Default.aspx
I doubt it will matter whether or not you tell the guy that the truck is for a small business. They just want to sell you the car and unless you plan on purchases multiple vehicles from them...I doubt they will give you any sort of discount.
Your best bet is to walk into the dealership knowing the following:
1) Know the ballpark cost of your ideal vehicle -- Use the Toyota website to spec out the exact model you want, including added features, etc.(remember -- options such as automatic transmission, power door locks, sunroof, etc. can add up quickly). Be sure to check the website section entitled 'Local Specials' to see if a dealer in your area is having a lease/buy deal on that particular vehicle. http://www.toyota.com/
2) Know your credit and how much you can afford. It is always good to go to a bank and get pre-approved for a loan so you know exactly how much you have to spend. A lease is a little different but most of them require you to provide a downpayment of at least a few grand. (again the Toyota website will give you guidance on this).
3) With a lease option be sure to consider the initial downpayment cost, lease term (don't get roped into a 5yr+ lease to get your payment low--you will be throwing your money away!) and the mileage overage charge. Remember to negotiate mileage terms before signing the lease agreement. A lot of times they will quote you a monthly payment that sounds great until you realize that they are only allowing you 10,000 or 12,000 miles a year. Most places charge about 45cents per overage mile ~ which will add up fast if you plan on driving much at all.
Also things to consider --1) compare the cost of lease versus buy...sometimes I have found that Toyota leases are only slightly smaller monthly payments than the payment for actual buying the car and 2) look at certified pre-owned vehicles... you might find an excellent deal on a 2005 or 2006.
You might want to check out the new car section of Consumer Reports....it will give you a good idea of vehicle costs, reliability ratings, etc. http://www.consumerreports.org/cro/cars/new-cars/index.htm
Bottom line ~~ do your research and go in there as a confident and informed buyer!! Good luck!
2007-07-04 04:21:55 · answer #1 · answered by Curious George 2 · 0⤊ 0⤋
My suggestion...pick a different truck. You dont want your business having the ugliest and fattest truck on the market. Not a good image.
2007-07-04 12:43:09 · answer #2 · answered by J D 5 · 0⤊ 0⤋
All that matters is 'who' leases the truck. Are 'you' leasing the truck or is the 'business' leasing the truck?
If your business is a sole proprietor business, then 'you' are leasing the truck. If the business is incorporated, then 'it' could lease the truck. So, 'who' is leasing the truck?
2007-07-04 11:00:06 · answer #3 · answered by Doctor J 7 · 0⤊ 0⤋
Leasing is ok for business not for individuals.
2007-07-04 17:45:11 · answer #4 · answered by wazup1971 6 · 0⤊ 1⤋
Ask another Toyota dealer rep. for that answer.At another company.
2007-07-04 10:49:13 · answer #5 · answered by thresher 7 · 0⤊ 0⤋
Dont tell them....everything is more expensive if its not for personal use.
2007-07-04 10:48:42 · answer #6 · answered by red velvet cake 2 · 0⤊ 0⤋