Moneypersonalfinance

Sat Aug 12, 2017, 04:02 PM

Dealer Admin Fee When Buying a Car

Does anyone have experience with this? How much should it normally be?

The dealership I am working with is at $695. Isn't this super expensive?

5 replies, 163 views

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Reply Dealer Admin Fee When Buying a Car (Original post)
brantleydavis Aug 12 OP
DDKick Aug 12 #1
Agent_86 Aug 12 #2
Tarzan Aug 12 #3
DoDaMan Aug 12 #4
ProgressiveTaxation Aug 13 #5

Response to brantleydavis (Original post)

Sat Aug 12, 2017, 04:04 PM

1. I have seen them up to 999 lol never included in the sticker prices either.

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Response to brantleydavis (Original post)

Sat Aug 12, 2017, 04:14 PM

2. The cost varies.

If you get a really good price on the auto they may compensate for it with higher cost to you elsewhere. Some motorcycle dealers do the same thing. I went to a less affluent town to buy my Goldwing and feel good about the result.

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Response to brantleydavis (Original post)

Sat Aug 12, 2017, 04:24 PM

3. In most states the law puts limits on how much it can be.

Don't let them twist that into "It's required by law." Tell them you will not accept any fee at all. If they say no, (now this is important, read carefully) get up out of your chair immediately and head for the door. Even if they let you leave, chances are good you will get a phone call within 48 hours agreeing to your demand. Do not, repeat DO NOT call them.

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Response to brantleydavis (Original post)

Sat Aug 12, 2017, 05:00 PM

4. Here's the way to get a "better" deal on a car from the dealership.

They will wave certain fees if you go with items such as their "1 year maintenance plan", "Extended Warranty", "Treatment of seats/interior for stain resistance/leather protective coat", "Additional Exterior Coating for bu g resistance", etc. Deal with them on these, for each one you add they will lower the price/wave certain things or at least reduce your finance rate. Once you get all of this stuff added (Total additional costs may add up to $5000), sign the deal then call within 30 days and cancel all those contracts! Wah lah, you've got a better deal by playing the dealers game against them. The dealer will have to cut a check and send it to the bank to pay on the outstanding loan amount.

You can thank me later.

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Response to brantleydavis (Original post)

Sun Aug 13, 2017, 12:59 AM

5. My approach....

is to tell them that I will pay a certain amount for the car, and they can slice and dice that number however they want...all I care about is the bottom line.

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