Can you really TRUST a car salesman?
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- čas přidán 29. 04. 2024
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Joe Petralia from @RPmotorcars shares a story of a client that was too nervous to sell his cars the right way!
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#VINwiki #barrettjackson #carsales - Auta a dopravní prostředky
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That customer is an awesome dude and not greedy. Couldn’t take the risk more comfortable with a solid number, and he understood that. That’s a rare person
Im most impressed with the customer. That is exactly the way to handle the situation.
I actually love that the guy wasn’t pissed that he made the wrong choice. I genuinely thought this story was going towards him wanting you to give him more money after the fact.
cant believe the customer was so happy for him in the end. damn what a good guy
The famous words of Richard Rawlings is that there is an ass for every seat and when you go to an auction like Barrett-Jackson there's a ton of ass for that one seat and there will be someone to buy it
I've met exactly two car salesmen that I trust in my life, and both are the owners of their dealerships. Every single other one, including four other dealership owners, I wouldn't trust to replace a toilet paper roll without cheating me.
It's the same with any retail/sales
Only a few out there, so I've met one lol
People act like customers are some trustworthy bundle of joy 😅
So they got you is what you’re saying lol
@@AI.Overlord.Xlol right
I met one that trusted. Turns out he was a vet, recently retired from service. We spoke straight with each other and I had the best purchase transaction with him.
At 62 years of age, I can honestly say I've dealt with a total of (2) car salesman I found to
be reputable. Both had commonality in that a)they weren't the least bit concerned about their
commission and b)they were more mature men who had been raised properly and just didn't
have it in them to be dishonest.
They knew all the "tricks of the trade" and simply chose not to participate.
That's a good mantra for life right there, younger folks. Good examples of human beings, really.
- Ed on the Ridge
I’ve had one, count them one, straightforward, honest and simple car purchase. In that case, I walked in, picked out a car, was given a good price, and went through the purchase with no bullshit about price, service plans, finance options, etc. The whole transaction took about thirty minutes. The secret? I knew the sales manager and was good friends with his girlfriend. Not his wife, I didn’t know her. But I’d known his girlfriend for years. Best buying experience I ever had.
Smooth like butter always bend like rubber
Thats really cool to hear the previous owner was cool with it and realized the reality of the situation. Im so used to people getting upset about the mistakes they make in deals and acting entitled to some sort of compensation
Joe is a straight shooter, good guy, as is his brother. Good guys to compete & hang with
Good story teller too, I really liked this one. 🙏
no
I've known some car dealers who I trusted. They worked for the manufacturer-owned dealership in the home city of the manufacturer's headquarters. Their organization and their rewards were structured so that they worked to maintain the value of the brand and to avoid any funny business or dishonesty. If they would've tried anything funny they would've been punished by the manufacturer who owns the dealership even if their ploy would've potentially made them money. You could tell from all aspects that they did everything by the book.
what dealership? lol
@@snowjammma A BMW dealership in Munich was the best. I also bought a Porsche from Stuttgart, it was a car previously owned by an employee at their HQ.
@@pistonburner6448 European car dealers operate a lot differently than the US. Some states ban direct manufacturer sales, meaning dealers are privately owned. There is no such thing as a manufacturer-owned dealership in the US the way you're describing. The closest we have to that is Tesla, but their dealers are designed like an Apple store, not a traditional car delerships, and they won't have any models available for test drives.
The dealership model in the US is a big talking point right now with all the massive markups we're seeing.
@@Glitchunlocked You're wrong. Many European nations also have purely non-manufacturer-owned dealerships.
I never said anything about what exists in the US...and you then proceeded to contradict yourself and admitted that there are manufacturer-owned dealerships in the US so I have no idea what your point is.
@@pistonburner6448 I'm not wrong about anything... I'm just making a comparison to your German example. You're arguing a strawman, I never said Europe doesn't have the same types of dealerships we do, I just said they tend to operate differently than ours in the US, as evident by your own example.
"that there are manufacturer-owned dealerships in the US so I have no idea what your point is."
As I've said, these are not traditional dealerships. They are stores in shopping malls. But regardless, Tesla has been sued countless times for this practice, with varying degrees of loss.
No need to get so bent out of shape, yeesh. Have a good one.
The guy who restored the pink mustang learned this the hard way. He sold it at Barrett's in Arizona (IIRC), and the buyer in turn sold it at Barrett's in Monterey for double.
Barrett Jackson dosent have an auction event in Monterey
I listed a house for a family member and they were ready to sell it for wholesale. I listed it according to comps and we got a full price offer in one day.
Very informative. Thanks for helping me understand car auctions a bit better.
Carl watched too many Chasing Classic Cars. Most of the auctions didn't do very well !
Awesome story Joe thank you so much for sharing the numbers that’s something not to everyone does… it really shows character
nice joe! good to see a man i know personally on Vin Wiki. keep up the good work brother!
Such a good story. Love it. Thanks for sharing.
I love this story, owner was awesome to handle it the way he did!
I started my own small car lot while I was in the military over seas, I didn't make the most off it. A few grand here and there, as I was doing it part time. I loved doing that, and dealing with the headaches of logistics and local processes people didn't want to bother with.
So when I got out of the military, I worked at a big name used car dealer for 3 weeks. That's all I could take, seeing person after person get screwed over. You CANNOT trust 99.9% of used car dealers!
clip title misleading. this was a situation where the customer was not doing business directly with the salesman, but just using the salesman as a middle man; there was no real incentive for the salesman to NOT give good advice here.
Another topic that needs to be covered by VinWiki ? Chandelier bidding by Mecum auctions. Lots of video showing live auction bidding ,auctioneer is taking 30K-31K-32K bids in the crowd when the reserve is 34K.When the bidding stops ,there was no real money at any of those figures. Highest bid was 23K. Imagine trying to win an auction by bidding 34K only to find out there wasn't any actual bids.
If there’s one thing I learned from this video it’s that this guy gives good advice
I mean this guy wasn't dealing with him in a regular car salesman type of manner though. He was going to consign the cars which means he had no reason to lie. He had just as much reason to hope the cars sold for as much as possible as well.
That is a very beautiful '57 Chevrolet that was on the screen.
Great story!
Joe is a stand up guy!
2009 was a crazy time.
Id be curious, at what price at auction, would you just have bought them anyway to resell if the auction didnt go good. Like if the whole collection sold for only -50k would you have just bought them anyway and flipped them later at a different auction, or can u bid on your own stuff?
Great story. I know a couple of great salesmen I trust and have always been good to me. I always try never to buy with my heart. Falling in love with something before you buy it never works out great.
You got that right, as a mechanic I’ve seen too many junk cars that someone just bought from a shady dealer. There’s only a couple places I trust that we do tires and alignments for. But even getting my GTI from one of them, I brought it to the shop to fully look over it before I bought. Any good dealer will let you have it get inspected
The seller had the money, and had enough self awareness to realized that just taking a check was worth not dealing with the stress.
"You're going to do fine on the cars, don't worry!" "But if I gotta write you a check I'm taking a big risk..." lol. You can't have it both ways, man.
I think the dynamic of the transaction is important. If they're selling your car on consignment they probably want to maximize their commission. If they're trying to sell you a car, forget about it. There's no trust in that situation. At the end of the day, are they working for you or are they trying to get your money?
Betteridge's law applies here. Any headline that asks a question can be answered in the negative .
"I said, I said, I said"
Made it within 5 minutes i am happy
What a great story. 😊
When I was in the car business, I was always being told I was too honest to be a salesman.
In this story, If I'd been Joe, I'd have given the seller another $50,000 because you can NOT put a price on your integrity.
spitta's got that corvette pace car now
In Carl’s defense, there’s youtube guys who are in the industry who take cars to auction, and sometimes do very poorly and lose money. If the right bidder isn’t in the room, if two or more people aren’t interested in the car, it might sell cheap.
If the estimate was $180k and the risk free, no fees offer was $150k, then it’s not bad peace of mind to take the cash. Might be leaving money on the table, but zero stress.
At BJ, you got the transport and auction fees, plus the consignment fee which I presume includes prep, pictures, etc. Very possible the seller was going to pay 30%+ right off the top, so if the cars brought in $200k, the seller only sees $140k.
I’ve sold collector items online, and by the time I pay shipping fees, auction fees, paypal fees - I’m kicking myself for not just keeping the thing. And that’s before factoring in damage in transit, or an unhappy customer who either wants to return it on my dime or wants money back bc of phantom “issues”…
He had made a profit after the first 3 sold for a bit over 150k. If we guess the others sold for a total of 150k, he has 300k. How much would auction fees for 6 cars run? Along with giving this guy a commission of10-20%? Would the seller come out with more than the 150k he prior to the auction?
Wonder if the SLP was a Fire Hawk Firebird?
Glad he was cool
I basically forgot this channel existed until Ed Went back on the pka podcast
If only all business deals went like this or people were decent like this in general
Hmm my comment about a specific video keeps getting removed. Interesting.
czcams.com/video/LMOoIAEtG_8/video.htmlsi=uHpUetnFVjFrK8nh
Rabbit profits $10,000 from elderly neighbor.
It's probably the algorithm thinking you're a bot or scam. Anything with financial gains triggers the algorithm since they're trying to combat all these "I just trusted Joe with my live savings and he made me a $10,000 dollars profit" posts. The world isn't against you, you're just triggering AI the wrong way 🤷♂️
@@jabach7413boohoo cry about it. Don't watch the videos if they hurt your feelings
@@Kharma710 😂😂😂 yeah, I’m crying so hard.
I was expecting the seller to not cash the cheque and rip it up after all the cars hammered and expect the selling prices
I know a bunch of car salesmen… good guys, but sometimes their statements are only technically true. That said, one guy said he’d buy me any car I wanted at auction - just tell him what I was looking for, and he’d charge me $1k over his costs. Seemed very fair, though there was no real incentive for the guy to find a well priced car. But a real nice offer nonetheless.
"Can you really TRUST a car salesman?"
*NO*
NO!!!
Auction Rule #1- be 100% sober
Should of thrown another $25k this guys way to be honest since you almost doubled your money
You can trust a used car salesman if you are able to hitch your outcome to his somehow. He wins you win by default.
I was expecting it to be napoleon complex doug lol
This guy Carl never ever should have left himself open like he did his life was a open BOOK AND THE SALESMAN COULD OF TAKEN HIM TO THE BANK BUT HE DIDN'T HE Stay True TO HIS word
lol nope not a one. Especially not one that sits on consigned inventory as long as it takes to eventually buy it all way under market and then turns around and makes a massive come up for doing little to nothing. 😆🤣😉
He still crooked him lol
No.
Went to macon motor company a few years ago to look for a classic car.
I had the money in cash.
Macon moters in Madison tn.
I was looking at a 73 corvette in royal blue.
Well the owner of the lot came out and started off telling me " you can't afford this car"
I could easily afford that car and several others he had.
I had just got off work so I had on t-shirt and jeans and boots.
I had the money still have it.
I was told I can't afford that car or any car on his lot.
Then he told me he had a buyer for it that us trying to get the money for it and if he can't then there is another guy that is trying to get the money to buy it.
I had / have the money to but it and he refused to sell it to me until he saw what I was driving.
Then he was chasing me to sell to me but u had no interest in his junk.
Have a reserve price or go to an auction that lets you have a reserve price.. for a client like that its what to do. Or take their money either way why is he going through a dealer anyway?
No reserve separates the players from the wannabes in a real auction setting, to many games in no reserve auctions, I've been doing this for 40yrs, January in Scottsdale Arizona at Barrett-Jackson always rings the bell
Bag of food, eh?
Being in car sales, those that let me make good money on them, I did. That’s all I’ll say.
I thought he was going to reneg
Hoovie needs to get his ass in the chair and tell some stories. It’s been so long
I would've felt guilty making so much money off of that guy I would've had to have kicked him an extra five grand or something 🤷🏻♂️
No! And 1000% more if you make it into the finance department 😂 if you need gap insurance you should not be buying a car!
Ask a professional for advice...then dont listen to it. Why even bother. I deal with this everyday too.
🙏
No
Yo
Cool,,, owner wasn't willing to take the risk. Joe is experienced enough to take the gamble.
👍👍
Never met a honest car salesman. Met a lot of honest people in service. Hopefully my luck will change on the next deal. Most car salespeople (especially at multiple brand used car lots) don’t know much about the esoteric model that you are trying to transact on. It’s a paycheck to them. Be kind and decide if it’s clean enough to problem shoot mechanicals. The last two nice used cars had shot brakes and bad tires, made my chess move and got a deal. There are good people out there, most are not, be surprised sometimes and get on with life.
My job is to help you buy a car not sell it to you.
NO
I really don't get the stigma about us. Maybe because I've always done business honestly. No markups during COVID...etc. But....you should hear some of the lies my clients tell me. But sure I'm the one that can't be trusted.
Because you have hundreds of customers, and 25-50% tell lies. I have had 10 car dealers, and 9 lied their asses off.
Not many customers try outrights scams, many dealers do. Like slipping in thousand dollar line items and hoping the customer does not notice, or just sticking on fraudulent charges.
$150,000 huh…? I don’t even break out my checkbook for any less than SEVEN figures… Ha! jk.. my bank balance hovers around my I.Q….. 75 or so…😬
No. Well. Maybe Rabbit. He's the exception
😂😂😂 yes because manipulating your elderly neighbor to profit $10,000 is definitely trustworthy. A lifetime ban from Ebay for running up bids is definitely trustworthy. 😂😂😂
I wouldn’t trust Rabbit to sell my moped.
If you don’t think Rabbit would pull the wool over a sheep’s eyes then you are dead wrong my friend.
Yeah, he's a straight up predator.
You mean the same guy that has no problem 3xing his money off a truck he bought off an old man? But I can't make a few hundred bucks on a new civic without getting wrong through the ringer? Sure makes sense
Maybe there are few good dealerships but most are Stealerships.
So again never ever trust a car salesmen. This guy under apprised this guys cars and basically stole from him.
no he did not steal anything he gave the seller a choice & in the end the seller was happy
The general thing with car sales people is "Let me see just how bad I can skin this guy up!!" And the salesperson isnt really making all the money, the dealership is making all the cheese.
No salesman tell the truth
Ed, I really wish you'd let your guests words BE the last words in the videos. Most of us feel the same way as this guys customer did. You're a car salesman so we dgaf about you selling whoever sponsored the video. We really don't care. Plain and simple.
Create your own channel and do it how you want to do it.
It’s how they make money to produce content goofy. No ads, no content. 🤦
Wow, you are honestly bragging about scamming the guy!