October 25, 1996 You may recall, I bought a purple '93 Honda Civic EX coupe around 2 months ago, and 2 weeks ago, I was involved in a head-on collision from an idiot in the on-coming lane who tried to make a left hand turn behind a Perrier truck that was stopped at the intersection also trying to make a left hand turn. To my surprise, the settlement for my totalled, newly bought car was around $12k. I started a search for another car last week. Well, after an exhaustive fruitless search for a new, used car this Saturday, I renewed my efforts today on Sunday. I consulted an Auto Trader that I picked up at Krogers and combed the ads in there for Honda Civics ('93-'95) and Acura Integra ('92-'93). I also looked at the classified car ads in the Sunday paper. I made a few calls, and there were only 3 possible leads once I narrowed my choices since I really wanted a Honda Civic EX coupe with little mileage as possible in the teal green, or the british metallic green color. The acceptable Integras would have to be coupes in the metallic green or blue color, and I didn't find any Integras in any color but white, black and red. Ugh. So there were no Integras in the sweepstakes at the moment. I almost settled for a few white ones. At least white cars have 2 coats of white paint on them from the factory since one white coat is not enough to adequately cover the primer coat and not show through. According to the Edmunds car web site, the '93 Civic EX wholesale to retail range was $9k-$11.5k, the '94 Civic EX wholesale to retail range was $10.5k-$12.8k. Using these numbers, I tried to buy either year's version for the wholesale price, or as close as possible. To be honest, my total spending limit was $12k since that's what the insurance company gave me for my totally wrecked Civic EX '93. It was a most generous settlement, though most car salesmen thought it was too low since the '93's retail for $12.5k in my area, though I was able to buy the same car for $10k the last time I bought a car (2 months ago) during a red tag sale. The retail price for the '94 EX was about $13k-15k depending on which dealership you went to, and where that dealer was located. I called a private seller on the 1st lead from Auto Trader. The seller was a young lady who was trying to sell her '93 Civic EX coupe in British green color for $11k or best offer. It had 64k miles, so that kind of scared me, but I told her that I'd check out the car at her place of employment, Scalini's - an Italian restaurant where she waitressed, this evening. I checked out the 2nd lead, which was a '94 Purple Civic EX for $12.5k at a Saturn dealership, and supposedly that price was a no-dicker price. I checked the car out and found numerous cosmetic blemishes, scratches, a 3" gouged area on the front bumper, and curious bump on the top corner of the backend. I met the salesman, and told him that the car was too dinged up for me to consider buying it, and I thanked him for his time and drove off toward the southside of Atlanta. I found myself at Evans Toyota Used Car next, trying to beat the 5 o'clock closing time. I was advised to always show up at a dealership near closing time, where the salemen and managers are edgy and went to get the deal over with as soon as possible. I, on the other hand, had plenty of time to spare. I had called this dealership around 3:30 today, and talked with a salesman by the name of Frank Langello (no, not the actor who goes by the name of Frank Langella - in fact, that's what Langello's card says on it). This dealership was at least 45 minutes from my house, but it was in the southside of Atlanta, and car prices are less steep then in my area, Gwinnett county, where car do actually sell at sticker price, and it's always a pain to dicker with salesmen who are used to getting the asking price. The drive out to Evans Toyota was worth it as you will soon see. From the ad in Auto Trader, there was no mention of the color or the mileage, so I asked Frank both of those details. I was estatic when he told me the car was a '94 Honda Civic EX in teal green. They were asking $12,995 for the car, and supposedly, to get that "special" price, you had to bring in the Auto Trader ad. I immediately spot the car, I look it over, find a few paint chips near the edge of the car doors (to be expected from a 2 year old car). But with some touch-up paint, I could live with it. The car was in good physical shape, no prominent bruises or dents of any kind. I ask for Frank. He greets me, shakes my hand and goes and gets the keys so I can take a test drive. The sticker price on the window for this car, according to the Kelly Blue Book, was $14,385. I almost choked when I saw that figure. Anyway, Frank and I take a spin around the block. The car drove just like my '93 Civic EX, so that was a relief. I wasn't really sure what the dealership would accept for a low-ball price for the car since they were asking $13k for the car in their ad, and made sure to let me know that they were offering me a deal at that price. I tell Frank to see if his manager will take $11k for the car. I figured that I'll add $500 to the wholesale price of the car, which then amounted to $11k, and see if the manager would take the bait. I made certain that Frank understood that I'd be paying cash for the car, though he insisted on filling out the paperwork for financing. He takes my offer to the manager. I wait about 5-10 minutes. Frank comes back. He's shaking his head. He tells me that $12,995 (plus tax, tag and title) is what the manager needs out of that car. I tell him (after some mumbling on my part just to throw Frank off) that that's too much. Frank offers $12,995 (including tax, tag and title). Still too much is what I tell Frank. Frank gives me a piece of paper to write down an offer so he can take it to his manager. I persist and write down a figure of $11k + tax, tag and title. Frank takes the paper into the manager's office, more time passes. Tension is definitely mounting. This is a good thing. Frank comes out with the paper and the manager scribbles $11,500 +ttt on it. I hmm and haw at the price, but at least we were getting somewhere now. I'd called the dealership's bluff. I ask Frank what the actual final figure we were talking with the $11,500 price for the car. He has the manager fill out a pricing worksheet. I immediately notice the $249 "administative fee" on there. I think to myself that this is extra padding, and that I really didn't want to pay for this. The rest of the worksheet showed the price for the tax, tag and title fees, and I was comfortable with that portion. I hmmed and hawed some more, shaking my head a few times to put a negative spin on the offer. I finally say that I'll split the difference and offered $11,250 for the car (effectively cancelling out the administrative fee). Frank takes this offer back to the manager. By now, the manager is fuming and ready to go home. This is a Good thing. The manager comes out of his office, tells me that at $11,250, he's losing money on the car, he starts waving some papers at me saying that he's got $11,380 in the car and that at $11,500 he's only making $120 on the car. The manager starts going off on a tangent, telling me that he's put the car through their gold checkup program to make sure it's a quality used car, is offering a 2 month/2,000 mile warranty with the car, and said that he's been in business for 29 years and the dealers around him are closing down since he knows how to handle his customers and relies on repeat business through positive word of mouth from his satisfied customers. After he gets off his soapbox, I smile and tell him that I thank him for his candor. Frank and I leave the manager's office and sit back down. I mull over the offer one more time and tell Frank that I'm unwilling to go for the higher price of $11,500. Frank frowns, and asks me if I'm going to let $250 come between me and the car? I smile and say yes. I tell him that I've been looking, and there's no set timetable for me to buy a car unless I find one where the price is right. I shake his hand and start walking toward the door. As I get to the door, Frank yells for me to come on back, that they'll do the deal for $11,250 + ttt, which came out to exactly $11,997.96. Heh. They zip me through the finance department. I sign about 15 places to get my tag and title squared away, as well as the agreement for the car at the agreed upon price. 20 minutes later, I come out and Frank hands over the key to my new Honda Civic. I don't really evince a smile, but I shake Frank's hand once more, he said he was glad we got a deal going, even if I had beaten up the dealership to do so. I chuckled to myself on that one. I'll bet the dealership still made $750-$1000 on my purchase, but better that I think I got a deal than not. So after applying some of the principles I read about at the Edmund's web site, I can say that I saved about $1750 for 30 minutes of haggling and standing my ground. The important thing was I was prepared to to pay in cash and I was prepared to leave at any moment during the deal. It was kind of fun, but somehow I have less elation than I did when I bought my other car 2 months ago, maybe buying cars is becoming old hat to me. Heh. After I leave with my new car (I had to leave my old car there overnight and I hope they don't tow it away tomorrow), I head toward the restaurant where the young lady works at to just let her know that I had found a car, but I felt I owed her a visit since I told her that I'd be coming by to look at her car. It's a good thing I bought the car that I did because her car was mis-identified as a EX when it was a DX, and it had a big dent in the passenger side front fender (which was covered up judiciously for the most part by a car bra). There was a long scratch mark on the passenger side of the car as well. But I did like the metallic British color on that car. I went into the restaurant and ask for her, she comes out. I sheepishly tell her that I found a newer car with less miles on it, so I wouldn't be buying her car. She smiled and congratulated me on my find and thanked me for stopping by even though I could have just called her. And to think that she was asking $11k for that car, and she'd been advertising it for over 6 weeks with no takers. After seeing it, I can see why. Oh, to top it off, she was taking out the CD player that she put into the car, so that was another sticking point with regards to the car. I leave and go home in my new car, and smile as I cruise down the highway... Okay, I admit it, this was fun in a strange way, but I don't want to do this again for a long time to come.