Seems like she wasn’t too fond of my description that a 50’ish female customer I was working with was driving a $37,000 “vibrator”. (Actually, she has a 7-year old Nissan 350Z convertible).
“Wait a minute,” I said. “You’re getting irked at the notion that this woman bought a car 4 years ago and has admitted that it was her ‘bright and shiny toy’ that she ‘just had to have’ to indulge her late middle age desire for a ‘go-fast convertible’.”
“But let me ask you something…you don’t have any problems describing a guy that age who has a Corvette as owning a $40,000 penis do you?”
“Well, no,” my bride replied.
“It’s the same thing,” was my response.
Yeah, it was the same thing. Men have been doing that for years with ‘Vettes and Mustang Cobras and Mitsubishi Evo’s and Dodge Challengers and big, bad-ass, jacked-up trucks. Women do it too. It has to do with our image of our masculinity or femininity or the idea that we’re 40 plus and want to feel young.And yeah, somehow or another these vehicles are tied into our sexuality—our attractiveness, our desirability. I’ve never had the cash to indulge that fantasy, nor the inclination.
So what’s this all about? Well, I had this customer the other day. 50’ish, female and wanting to buy a new, sporty car. No problem. Until she told me later in the day over the phone that she had a trade-in. OK, still no problem. An ‘07 350Z convertible. Still no problem. $8000 “upside-down”. Potential problem. Only $2000 available for a down payment. Yep, potential problem.
Now, a car dealer can do some legerdemain sometimes with how to assemble a deal structure so that it works for a customer with substantial negative equity. It’s a lot harder today than it was 3 or 4 years ago, thank goodness. Things tightened up with car loans at the same time they did with home mortgages—and for the same reasons.
Turns out, she still owed over $19,000 on a vehicle she bought 4 years ago that’s worth less than $10K. And there’s still 3 years to go on the loan. Oops! Great big Oops!

But that’s OK, you need to be miffed at someone and there’s only so much that you can beat yourself up and you have to do that privately rather than in my office. And, I’m not the first guy that you’ve tried to do this with. I imagine that the other dealers you’ve gone to have told you the same thing. I mean, we can do it. We can get you out of the car, but it’s going to take more like $6000 down. But your payment will be over $100 lower. And she got mad at that. But that’s OK. That’s the nature of the business.
Hey, if you’ve got a testosterone toy or an estrogen machine, that’s cool. Make sure that you set yourself up to succeed when you’re tired of driving it. And, although you may have gotten screwed without getting kissed, you were a willing participant. Plus, I’m not the guy who did it to you. I’m the guy who’s trying to help you get out of it!
Just remember—it’s a car! It’s not proof that you’re a hottie or a stud. It’s transportation. There’s no status that’s conveyed to you by the car you drive.
Here’s a YouTube of one of my favorite all time car commercials—give it a watch, it’s funny.





Here’s a hint. The sources of trade information online are generally woefully inaccurate. The closest we’ve found is Edmunds.com. The source we try to use most is a source that only dealers have access to. It’s known as Manheim Market Reports and is the commodity based pricing from Manheim Auctions, the largest used vehicle auction company in the nation. The prices we get from there are the amounts that used car managers from dealerships have actually paid for specific vehicles. That’s a commodity price and represents real money paid for a car as close to “just like yours” as we can get.
Forget stuff about “holdback”, etc. That is indeed money that the manufacturer provides back to the dealer to help offset expenses—like the light bill or the property taxes or fixed salary expenses or even the interest on the loan the dealer takes to finance the inventory.
But enough of the “background” In the late 90’s SUVs and pick-ups were all the rage and Ford was a good brand to sell because of the popularity of the Explorer (also known as the “Exploder”), Expedition and F-150. And, we were eagerly awaiting the arrival of the new mega-SUV, the Excursion.
As I was discussing the process with the buyer he told me, “I want one with zero miles on it, that’s why I’m ordering it.”
The customer arrived at 6 p.m. and I grabbed the keys and went to “fetch” his new Excursion. He was excited and so was I. I came cruising around the side of the building sitting up high in this huge SUV, window down, elbow out, grinning. The buyer was grinning too. I parked it and climbed out.
That’s the kind of guy everyone assumes they’re going to encounter as a salesperson when they go to a car dealership. And all too often it’s true in one shape, form or fashion. You know, the guy who smells vaguely of bad cologne, breath-mints and cigarette smoke. He’s approaching you with an overbroad smile, hand outstretched and a standard greeting, “Hi there, welcome to ABC Motors, my name’s Herb and you are? Are you here for our big sale?”
Look, in order to buy that new car you’re going to have to go to a dealership to get it. It’s that simple. You can’t get it on Amazon and have it delivered. There are definitely some things you can do to help yourself and the salesperson. First and foremost is to realize that you’re going to have to collaborate with a salesperson in order to find the car you want and to get it for the price and “deal structure” that you want.
