52 WORD TRACKS BY ANDY ELLIOTT Memorize these powerful word tracks to advance your sale. 1 When you say, “The price is too high”, are you talking about the purchase price or the ownership price? 90% of our customers have agreed that if money is your biggest concern, then the ownership price is actually much more important than the purchase price because the purchase price is a one-time spend, and the ownership price is the real money spent. 2 3 You work hard for your money, right? Then, you put your money in the bank but when the money leaves the bank, that’s the real money spent, right? So, the ownership cost is the most important number. I apologize, I forgot to ask you, when would you like to set up your first payment? In the beginning of the month,…the middle of the month,…or toward the end of the month…What’s best for you and your family? 4 5 Other than price, are you okay with the payment? When you say, “The price is too high,” would you mind being more specific why you think, “The price is too high?” 6 7 I understand…Let me show you how affordable your new vehicle is. On a scale from 1 to 10, with 1 being the worst and 10 being the best, how do you rate your credit, roughly? 8 9 We’ve learned that 90% of our customers, want to get the best price upfront, and the other 10% still want to negotiate and haggle. Unfortunately, we find it disrespectful and untrustworthy… 10 11 I’m looking for a further relationship than just today. I don’t want to just sell you the car you buy today, I want to sell you every car for the rest of your life. If I were to mark up the car $3,000, then drop the price by $3,000, even though you felt like you’ve won, is that respectful and trustworthy? ...they say no. 12 13 Have I offended you and your family in any way by giving you my best price upfront? (pause...say again) In any way? …they say no Thank goodness!…(go back into close) Wouldn’t you agree that better gas mileage equals less money spent? 14 15 How much (roughly, ballpark, roundabout) do you spend a week in gas? You would agree that there are four weeks in a month… 16 17 I understand, let me show you how we arrived at the top value for your trade-in. Will you be titling your vehicle in your name or both of your names? (answer) Great! Follow me inside and let me show you how easy it is to do business with me. 18 19 If there was one thing...just one thing…that would prevent you from buying this new vehicle right now… what would that one thing be? (they answer) As long as I can do that, then it looks like we have a deal? Follow me inside, let me show you how easy it is to do business with me. If I could get the numbers 110% to your satisfaction, would you be happy to take your new car home today? 20 21 Wouldn’t you agree that we can’t be the highest in all the critical areas that are important to you and your family and be the lowest in price? ...Great business doesn’t work that way. If we are higher in price but still lower in cost, at the end that’s ultimately the real money spent. So, I’m sure that’s the most important number for you and your family...the ownership cost, not the initial purchase price. 22 23 Mr. and Mrs. Customer, we are high in all the critical areas that are important to you and your family. Are you looking to put value in your driveway or a price…or value for the price? 24 25 Doesn’t it make complete sense to trade and it’s super affordable? …Absolutely! Sign here, let me get your new car cleaned up for you. (How many miles on it?) Mr. Customer, if I covered the odometer and you had to guess how many miles are on it just after looking at it and driving it, you would say that it only had 10,000 miles on it. It has more miles on it than that but it’s that nice! On a scale from 1 to 10, it’s an 11. 26 27 We can’t be high in all the critical areas that are important to you and your family if…(you fill it in) I completely understand where you are coming from (go back into closing/ always agree) 28 29 One day, you’re going to go from just looking into buying anyway, let me save you the time and get you into this new car today. You can absolutely talk to your wife. Would you like to use my office? 30 31 I like where your head’s at and the numbers you came up with, but this is a real deal and the best one I can give you. Sign here and I’ll get your new car cleaned up for you. I’d say the same thing if I were in your position, but we can get all of it done now and stop prolonging the pain. What’s next? 32 33 You can’t lose with this deal. The consequences of this decision can only bring happiness into your life. You do deserve to be happy, don’t you? The awesome thing is that every journey begins with a first step. And the good news is that you’re halfway there because you’ve already made it to the dealership. I appreciate the opportunity to help you and will show you how easy I can make the last half. 34 35 If I owed you $0 on your trade-in, would you want $0 for it? No, of course not. You would want what it’s worth. You see, what you owe and what your vehicle is worth are two completely different things. I completely understand! The last thing I would ask you to do today is to buy a car. I know my inventory extremely well so let’s see if we can find the perfect car that fits your wants, needs, and desires. Note: a seed is actually planted here. 36 37 Later in the process when you find the perfect car, you have earned the right to ask for the sale, you can say, “Remember when I said, the last thing I would ask you to do today is buy a car, Well…” (no)…Thank goodness. I really apologize, I must’ve not have been clear when I spoke to you about market pricing. We do things a little differently here at XYZ Motors. We do the homework upfront for you so you have the best experience and deal without having to fight for it. Have I offended you in any way by giving you my best price upfront? 38 39 (How do you decide what is fair “Market Price?”) That’s a great question! It starts online. We have a computer program that shows us what competitive vehicles are selling for based on condition, miles, and options in our area. Then we look to see how long the vehicle has been here and once we gather all of that information, the computer tells us what a fair price would be for that specific vehicle. Mr. and Mrs. Customer, other than price and payments, is there anything else preventing you from owning this vehicle right now? 40 (I saw it cheaper somewhere else) 41 Wow, Mr. And Mrs. Customer, I can see that you’ve really done your homework here. Nobody could accuse you of being impulsive! I cannot speak for the other vehicles found on other lots in other towns. I can only represent the vehicles that I have in inventory here right now. You’re not looking for cheap, are you? Most people aren’t. You’re probably looking for value and value for the price; just like you’ve found with my car. Are you looking for top dollar or fair market value for your trade-in? (they say, “Top dollar.”) Great! I’ve never seen a manager give top dollar before seeing a trade-in. So, let’s set up a time for you to come in so I can guarantee top dollar which is exactly what you want. 42 43 The owner of the dealership just discounted the entire inventory by over $100,000 this morning. Let’s drive the car and make sure you love it and when we get back I won’t just give you the price.. I going to give you the new discounted price. Bonus word tracks that will help excel you to your next level! 44 People don’t care about how much you know, until they know how much you care. If it doesn’t challenge you, it doesn’t change you. 45 46 The difference from where you are now and where you want to be is the gap in your skill set. Everything you want in life is right on the other side of being uncomfortable. 47 48 Remember, those who say your dreams are impossible have already given up on theirs. Old habits won’t bring new results. 49 50 Don’t walk through life asleep like others. The problem is not that we dont’ know what to do. It’s that we don’t do what we already know. 51 52 You’re the average of the 5 people that you’re closest to in life.