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-   -   Can the Car Dealership Really Do That? (https://www.yenko.net/forum/showthread.php?t=170829)

Lee Stewart 02-18-2022 06:04 PM

Can the Car Dealership Really Do That?
 
Quote:

You’re ready to sign the contract for your new car. Then, the finance manager tells you that you have to buy an extended warranty. You want the car but find yourself wondering, “Can a car dealership really do that?”
https://www.msn.com/en-us/autos/buyi...?ocid=msedgntp

dustinm 02-18-2022 06:11 PM

Thats when I would stand up and show myself the door.

67since67 02-18-2022 06:55 PM

This is nothing new.
After WWII my Dad ordered a new no frills Chevy pickup, it would have been a 1946 model. Two years later, in 1948 the dealer contacts him to say his new truck has arrived. Goes to pick it up, it's a Deluxe 5 window cab with chrome bumper and grille, at extra cost. Take it or I will sell to the next in line, so he paid up. - Bill W

useless tony 02-18-2022 07:26 PM

This happened a couple of months ago (in Ontario Canada).

My Mom would like a smaller car than the one she has. She has decided on a 4-5 year old Nissan Versa in red. Luckily the local dealership (to me) had two to choose from. I contacted the dealer and told them I was interested in one of the cars, it would be for my mother, and I would be buying it outright. I was told that buying it outright was NOT an option, I would need to finance it and only after a set number of months making payments would I be allowed to pay it off ... ???

I walked.

Too Many Projects 02-19-2022 01:44 AM

Dealerships have always been brazen, but with the current shortage of cars, they have gotten worse. I'm really glad/lucky I bought my 2016 CR-V a year ago, before all this crap came down. Actually bought it at wholesale for paying cash.

njsteve 02-19-2022 04:22 PM

Been checking into ordering a 2022 Hellcat. Got a great price quote - 6% under invoice but you have to finance with Chrysler Financial or lose $1000 of that discount. (losing the $1000 would make it a 4.7% under invoice sale.)

So I asked him if I paid 99% of the sale price outright and financed the remaining 1%, is that OK? He didn't see a problem with me doing that.

He did say I had to make at least three payments before paying it off though. :dunno:

Too Many Projects 02-19-2022 04:44 PM

Quote:

Originally Posted by njsteve (Post 1582945)
Been checking into ordering a 2022 Hellcat. Got a great price quote - 6% under invoice but you have to finance with Chrysler Financial or lose $1000 of that discount. (losing the $1000 would make it a 4.7% under invoice sale.)

So I asked him if I paid 99% of the sale price outright and financed the remaining 1%, is that OK? He didn't see a problem with me doing that.

He did say I had to make at least three payments before paying it off though. :dunno:


3 months of interest at 1% of cost can't be as much of a loss as the $1,000. What color ???

WILMASBOYL78 02-20-2022 03:38 AM

Car Dealers...
 
Contrary to what they tell you...forcing you to finance the car is illegal. As for the rust, dust and glue extras...the answer is simple...walk out the door and don't look back.

I have been working with auto dealers for 40 years...I remember the import craze of the early 80's...the dealers loaded the cars with all kinds of extras. A lot of people went for it...because Detroit had little to offer for reliability or gas mileage.

The dealers who are currently gouging their customers with added markups will pay the price down the road for their greed.

The current supply chain problem will pass...and then reality will hit the dealers. Best bet is to do your homework and only deal with reputable dealerships...they may be harder to find, but they are out there.

2021 was a record year for dealer profits, despite the lack of new car inventory.

https://www.kbb.com/car-news/dealers...-car-shortage/


Their actions are shameful...no other way to describe it.

-wilma :scholar:

njsteve 02-20-2022 05:24 PM

Quote:

Originally Posted by Too Many Projects (Post 1582948)
3 months of interest at 1% of cost can't be as much of a loss as the $1,000. What color ???

Update: this morning the new Dodge incentives popped up. 0% financing or $1000 rebate. I asked my dealer contact if the new 0% counts toward the financing requirement and he said unfortunately no, it would have to be a Chrysler Financial rate above that, but he did say that the $1000 rebate would offset the missing $1k from not financing at a non-incentive rate. So I still get my 6% under invoice deal which is a locked in price anyway which is almost $9000 below MSRP.

Svelte-body Redeye Octane Red (the dark raspberry color) with Demonic Red interior with no options other than the silver wheels and stereo. Lightest car they make with the 797 hp engine. It's the Demon engine and drivetrain but rated at 100 rpm lower on the power curve. :-) (which actually dynos at 812 hp according to Dodge's SAE report).

Unfortunately you cannot get a widebody Redeye with any interior other than plain black and no rim/tire options - they did this to steer people to the new more expensive Jailbreak model which allows you to order any combination of any colors/options...but they only gave certain dealers two allocations for them and most dealers are trying to charge above MSRP for it. Pretty crazy since it is only a color/trim package and not a different engine package. Dodge really shot themselves in the foot with that move.

427TJ 02-20-2022 05:41 PM

Local Seattle dealer added 27K to a widebody Redeye recently. 127K out the door.

njsteve 02-20-2022 06:26 PM

Quote:

Originally Posted by 427TJ (Post 1583090)
Local Seattle dealer added 27K to a widebody Redeye recently. 127K out the door.

That's just stupid dealer behavior.

Koons Tyson Corner, VA is the dealer I am going through. They advertise as the #1 Hellcat seller in the country. They offer the Jailbreak at MSRP (yesterday they said they have one available allocation left at the moment. Unsure when the allocations refresh whether monthly or quarterly), the Superstock at 5% under invoice, and everything else at 6% under invoice. They also have some crazy discounts on the TRX truck and the 392 Jeeps as well. They established an ongoing group purchase discount through the Hellcat owners website: https://www.hellcat.org/threads/pric...quired.251275/

Jeez, I'm sounding like a used car dealer here.

Zedder 02-20-2022 08:13 PM

I placed a deposit on a new Porsche 992 recently. The paperwork included a document prohibiting me from selling the car to anyone for 12 months and giving the dealer the first right of refusal if I wanted to sell it within the first 24 months of ownership. I escalated my refusal to the dealership owner and he agreed to remove those clauses given that I was a repeat customer.

njsteve 02-21-2022 12:25 AM

Oh, I love when they do that.

At that point I know inside I won't buy anything from them but I then make it my single-minded goal to waste their time for as long as humanly possible. I'm really good at it too: I pride myself on the fact I was once threatened with a trespassing arrest if I didn't leave the dealership after 6 hours of "negotiations".

It was actually the first real date my wife and I went on. She needed to buy a replacement for her 1980's Dodge 2.2 Charger down in Florida. We found a VW Jetta at a local Dodge dealer used car lot. They wanted $8,995 for. All she had in her savings was $4,500 and her old 2.2 Charger which was barely worth $350 (no A/C and 200,000 miles).

I drove them nuts. Everytime they brought a new offer back from the back room I would get out my giant Sharpie and cross out their numbers and replace them with mine. They always love using those thick Sharpie markers - like it gives them some "look, mine is bigger than yours" mojo. HA!

Anyway after 6 hours I had them down to $5,005 dollars and we still refused, saying all she had was $5,000. That's it. They then tried the divide and conquer scenario, asking her what kind of man wouldn't loan his girlfriend $5 to buy a car. She looked at me and then looked at him and laughed. (That's when I knew she was a keeper). At that point they said that we should leave or they'd call the cops on us.

That's when we took the $5,005 deal. It was a great car too. Coldest A/C I've ever experienced in a car.

We made them so crazy that in the ensuing 5 years we bought six new Dodges from them, including my original 1993 Viper and a 1996 Viper as well as a Ram diesel dually and several Intrepids for my kinfolk up north. The original salesman we tortured and I, ended up coming to an understanding. Whenever he saw me coming in the door, he would just set aside a table, leave all the blank forms there and dealer info and let me fill it out. He ended making quite a bunch of money from us (via dealer incentives and holdbacks and the $500 over cost I would write in).

I miss that salesguy. The dealership was Tom Edwards Dodge in Lakeland Florida. I even put their decal on the back of my 93 Viper race car as an unofficial sponsor. I think they closed in 2009 when Chrysler pulled franchises from the little small town dealers across the nation.

Lee Stewart 02-21-2022 01:06 AM

Dealers Added an Average of $728 to Every New Car's MSRP in 2021

https://www.roadandtrack.com/news/a3...-msrp-in-2021/

Jeff H 02-21-2022 01:24 AM

I see big markups on the new 2 door Broncos. It looks like $10-25K markups, even on base models that sticker around $30K!

Lee Stewart 02-21-2022 01:36 AM

Ford Broncos piling up again in a Michigan holding lot

https://www.msn.com/en-us/autos/news...cid=spartandhp


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