Yesterday morning a gentlemen came into our dealership looking for a car. He wanted to look at one of the cars. He said he had good credit so he didn't want to fill out any paperwork. After the 2nd request he let us look at his drivers license. The salesman got up to get the keys to the car, and went with the customer to look at the car. The customer got into the car, the salesman handed him the keys. When he started the car, he put it into gear and drove off.
We called the Phoenix Police who had a car here within 3 minutes. Officer Monson did an excellent job finding out what happened and asking the right questions of us. After the person was gone with the car, we realized he had picked up the copy of his license and took it with him as he walked out of our office. I had given my cell phone number in case the car was recovered after hours. We gave our descriptions of the suspect, gave the officer the description of the car and the report was filed. This was about 10:30 in the morning. Around 4:00pm a call came to my phone from the Police department. They had located the car behind a small apartment complex less than a mile from our business and had three suspects in custody. We went to the scene, the officers there were very professional and pleasant. They had noticed a car in the parking lot with no license plate and had stopped to investigate. According to the suspects in custody, a person matching the description of the suspect had been there earlier, but had left. We didn't get our guy, but we got the car back undamaged and no worse for the wear.
This was the first auto theft like this we have had in over 20 years, so we talked about what happened, and how things could have been differently. Some changes have been made that will help in the future.
Thanks again Phoenix Police. I know that most stolen cars are recovered, but I don't remember one being recovered this quick.
April 25, 2008
April 9, 2008
Fuel Economy
I have driven several models of the hybrid car. The Honda Insight, and several different years of Prius. They are quite expensive to buy and maintain, but you do save considerably at the pump. A friend of mine purchased a Prius a year or so ago. He did the studies of cost versus gas savings. He said he would have to keep it a long time for the savings to equal the additional cost of the hybrid over a standard vehicle. I purchased a 70,000 mile Prius. I noticed some warning lights that were on and that it didn't operate quite right. Even though I employ 5 mechanics and have access to lots of repair information about many vehicles, we had to sent this to Toyota for repair. The problem was a bad computer. The computer in this car was listed at close to $4,000. The computer in the average car is several hundred. I wonder what other expensive things lie waiting to break in this car.
Gasoline prices are at an all time high. Gasoline is taking a bigger bite out of your wallet. The most logical solution for this problem is to drive less. Combining errands and going out once rather than 3 or 4 times. There is also the old rule I learned in drivers ed many years ago. If you accelerate as if you had an egg between the pedal and your foot, you accelerate more slowly and smoothly thus getting better mileage. When I am driving a car that is equipped with the instant MPG feature, I try to get it to read as high as possible. This corresponds with teh slower and smoother acceleration.
Gasoline prices are at an all time high. Gasoline is taking a bigger bite out of your wallet. The most logical solution for this problem is to drive less. Combining errands and going out once rather than 3 or 4 times. There is also the old rule I learned in drivers ed many years ago. If you accelerate as if you had an egg between the pedal and your foot, you accelerate more slowly and smoothly thus getting better mileage. When I am driving a car that is equipped with the instant MPG feature, I try to get it to read as high as possible. This corresponds with teh slower and smoother acceleration.
April 3, 2008
Buying a Lemon Revisited!
I spoke with my friend who purchased the damaged car yesterday. Things came out reasonably well. A lawyer had been retained and the seller will be giving the sale price plus attorney fees back. The title and registration fees, the extra key, the new floor mats, the little goodies you get for a new car to personalize it, these expenses aren't included in the settlement. You could ask for those extras, but if the seller gets upset he may change his mind and not go through with the deal.
Consider the expense tuition in the school of life. This unlucky buyer has now repurchased her former car and is driving it again. At this point there are no plans to purchase another car in the near future.
Consider the expense tuition in the school of life. This unlucky buyer has now repurchased her former car and is driving it again. At this point there are no plans to purchase another car in the near future.
March 29, 2008
Frank Auto Advice
The new talk show has a name. A name that describes what I will be giving. Nuggets of information that you can use when you are thinking of buying or fixing a car. Bits of information that could save you some money. Part of the first show will be devoted to some of the ways dealerships will try to get a few extra dollars from you. Some of the things they sell that you can get in other places for less.
Tune in on Saturday afternoon between 2:00 and 3:00pm on KPHX 1480 AM Progressive Talk Radio. I am sure you will enjoy the show.
Tune in on Saturday afternoon between 2:00 and 3:00pm on KPHX 1480 AM Progressive Talk Radio. I am sure you will enjoy the show.
March 27, 2008
Four Square- tool of the new car salesman
The four square is a piece of paper that is broken in four parts. They are labeled payment, down payment, price and trade. By filling these blanks in, you are giving the salesman information about what you think you can afford. Never in this equation are the words number of payments or interest rate mentioned. The following was taken from "Confessions of a Car Salesman"
They never mention the term they are asking you to sign up for, the longer the term, the more money you will pay. The best way to approach the dealership is to be able to say I am approved for $15,000 or some amount, this is the car I want, can you sell it for that price? This involves going to your bank or credit union beforehand and getting approved for the loan. Most credit unions can also sell you a warranty, that will be just as good, but cost less than the one the dealer will try to sell you.
The next step in my training involved the use of the "4-square work sheet." Michael told me the 4-square was my friend, it was the salesman's tool for getting "maximum gross profit." As the name implies, the sheet is divided into four sections. When you have a prospect "in the box" (in the sales cubicle) you pull out a 4-square and go to work.
The information about the customer is written along the top together with the make, model and serial number of the car they want to buy. Then the salesman writes the sticker price of the car in large numbers in the upper right square on the worksheet. Michael stressed that the price of the car should be written in large clear numbers to give it a feeling of authority. He added that we should always write "+ fees" next to the price of the car (This includes license fees and sales tax.).Another description of the four square can be found at The Consumerist
They never mention the term they are asking you to sign up for, the longer the term, the more money you will pay. The best way to approach the dealership is to be able to say I am approved for $15,000 or some amount, this is the car I want, can you sell it for that price? This involves going to your bank or credit union beforehand and getting approved for the loan. Most credit unions can also sell you a warranty, that will be just as good, but cost less than the one the dealer will try to sell you.
It's Showtime, Radio Talk Show Coming Soon!
We have been negotiating for several weeks and it's final. We will be hosting a talk show on KPHX radio 1480 on your AM dial. 2:00-3:00 pm on Saturdays. The first show is scheduled for April 5th. It will be fun and informative. I will be giving information on how to buy a car, what your car is worth, what to expect when you go into a dealership. Some information about bills that are in the Arizona House and Senate.
This is not going to be a repair oriented show. There are several of them and they do a good job. A car or truck is one of the biggest investments anyone makes outside of a home. The more information you have, the better decision you can make on what you are buying. I know that there are people being taken every day when they buy a car, if I can prevent that happening to one or two of them, my mission will be accomplished.
I will also be having guests from time to time. They will be sharing their knowledge with you also. Looking forward to hearing from you.
Remember KPHX 1480 AM 2:00-3:00 Saturday afternoons in Phoenix.
This is not going to be a repair oriented show. There are several of them and they do a good job. A car or truck is one of the biggest investments anyone makes outside of a home. The more information you have, the better decision you can make on what you are buying. I know that there are people being taken every day when they buy a car, if I can prevent that happening to one or two of them, my mission will be accomplished.
I will also be having guests from time to time. They will be sharing their knowledge with you also. Looking forward to hearing from you.
Remember KPHX 1480 AM 2:00-3:00 Saturday afternoons in Phoenix.
Progressive autox prize
I was reading about a $10 million prize to design a car that gets 100 MPG. This sounds pretty spectacular. When you realize that the Model T Ford averaged 25 MPG almost 100 years ago, what does that say about our current technology. I know that there are other ways to power cars. You can power any internal combustion engine with hydrogen. The byproduct is water vapor. The exhaust is actually cleaner than whey the air entered the combustion chamber. The only problem with this is the storage container for the hydrogen gas. This is very costly to design and build. The other problem is that there aren't very many places to buy a tank of hydrogen.
There are impressive developments in fuel cell vehicles, this takes the hydrogen, converts it to electricity, which in turn powers the vehicle. Mercedes Benz has some test vehicles that are already in use. These are really nice, but wouldn't it be nice to retrofit the millions of cars that are on the road, rather than having to build all new?
I really think it wil be a good idea to get these cars on the road and lessen the dependence on oil.
There are impressive developments in fuel cell vehicles, this takes the hydrogen, converts it to electricity, which in turn powers the vehicle. Mercedes Benz has some test vehicles that are already in use. These are really nice, but wouldn't it be nice to retrofit the millions of cars that are on the road, rather than having to build all new?
I really think it wil be a good idea to get these cars on the road and lessen the dependence on oil.
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