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Haggling at New Car Dealers?

LastInTranslation

Ok, I've been dying to know. I don't want to assume that the rest of the world buys their cars the same way we do in the US, which is usually:

- visit a dealership;
- test drive a car;
- negotiate on price for hours and hours (and hours, if necessary);
- go through financing (it's own negotiation);
- drive away with a new car, or leave frustrated and tired.

While Americans aren't used to haggling for most things, haggling over cars is part of life here. While the goal is to get the car for thousands of dollars under the retail/sticker price, most Americans know to go for less than invoice price, or dealer's cost.

Does this work the same way for car dealerships in Vietnam, especially for new cars?  What about scooters?

Just curious, thanks.

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laidbackfreak

Not sure on the car front here, but you can certainly haggle on scooters without problem :)

LastInTranslation

laidbackfreak wrote:

Not sure on the car front here, but you can certainly haggle on scooters without problem :)


What are you aiming for? What's the markup on scooters (and for others, on cars)?

For reference, the truck I drive had a new sticker price of about $35K USD. I negotiated it down to under $24K, including all the rebate, incentives, etc. The purchase price was about $1,800 under dealer invoice price.

laidbackfreak

Not as clear cut as that here.

Usual story is a walk around the dealers and see who is offering the best price, then depending on the size of the dealer the discounts vary as much as your haggling skills.

Cars here are expensive SUV attract around 120% import tax, saloons around 240%. So they are expensive to start with.

JVo18

Very little room for negotiation here in Vietnam. The country doesn't even want cars on the road due to the horrible traffic that already exists, so they can care less if you buy one or not. As opposed to the states where the automotive market is so bad, they'll practically sell you a car for any reasonable price. Most of the people buying cars here pay for them in cash, and the price of the car is pocket change to them, so they don't even bother negotiating. Be prepared to pay $175,000 for a Q7, $75000 for a Camry V6, $200,000 for an X6, $90,000 for a base 3 series (not the twin turbo 335). Accord is more reasonable at around $44,000.

Wild_1

In the States, dealers are required to disclose price information to you, by law.  Here...  Nothing!  You are on your own.  That doesn't mean you can't haggle, but you must pick your fight.

The mark up here is about the same as in the US.  But, the market is small, therefore, the dealers have all the leverages.

LastInTranslation

Sounds like we should get into the car sales business.