- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Ford dealership locally offering $16,000 off MSRP.
Posted on 5/21/24 at 7:21 am to chili pup
Posted on 5/21/24 at 7:21 am to chili pup
quote:
This tells me if they can take a cut like this, they are still making money and are bending over the consumers
The great American experience of buying a car. You are told you are getting a great deal, yet you feeled screwed.
Posted on 5/21/24 at 8:19 am to Chrome
quote:16k likely has the dealer taking a loss on that particular sale
The great American experience of buying a car. You are told you are getting a great deal, yet you feeled screwed.
ETA: I am a CPA. I once had auto dealers as clients. People are pretty much clueless about the car profit/loss process. It’s not all that uncommon for them to take a “loss” on individual sales. Sometimes that hits certain incentive bonuses from the manufacturer, sometimes it’s to balance inventory, etc etc
This post was edited on 5/21/24 at 8:21 am
Posted on 5/21/24 at 8:21 am to dlambe5
quote:
Consumers were bending over willingly 2 years ago. I went into Honda to get my daughter an Accord. They were charging $8k over MSRP and selling them before they even arrived. I walked out the door and the salesman didn’t even try to stop me
We bought a 2024 Accord for under MSRP in November. Not a lot under, like 1k.
Posted on 5/21/24 at 8:22 am to Gifman
quote:
You sound intelligent
Smart enough to have a job that lets him pay off 12k$ by Christmas.
Posted on 5/21/24 at 8:22 am to chili pup
if you're financing the vehicle, it makes no difference.
if you're note is 500.00 at 72 mos with a 2.9 and 10,000.00 off, it'll be 500.00 per month at 3.9 with 11,000.00 off. if it's 4.9 and 12,000.00 off, it'll be 500.00 per month. you get it?
so, if they want to take 20,000.00 off, they just need to bump your interest rate and you'll pay the same amount after 72 payments regardless. it's nice eye candy though.
if you're note is 500.00 at 72 mos with a 2.9 and 10,000.00 off, it'll be 500.00 per month at 3.9 with 11,000.00 off. if it's 4.9 and 12,000.00 off, it'll be 500.00 per month. you get it?
so, if they want to take 20,000.00 off, they just need to bump your interest rate and you'll pay the same amount after 72 payments regardless. it's nice eye candy though.
Posted on 5/21/24 at 8:22 am to lsupride87
What vehicle is the 16k off? I don’t see anything remotely close to that off F150’s near me
I emailed about a 2023 XLT that is still on the lot and it has 500miles but new. 57k after 6k off, same price as the 2024’s WTF?
Keeping what I have for now.
I emailed about a 2023 XLT that is still on the lot and it has 500miles but new. 57k after 6k off, same price as the 2024’s WTF?
Keeping what I have for now.
This post was edited on 5/21/24 at 8:25 am
Posted on 5/21/24 at 8:28 am to fallguy_1978
quote:
We bought a 2024 Accord for under MSRP in November. Not a lot under, like 1k.
Local dealership had maybe a half dozen vehicles on the lot for a year. Everything was selling prior to arrival.
I recently bought a used 2023, I was surprised at how few options there were for vehicles here, still after this time.
I wanted a Jeep wrangler with 18k miles, it sold before I could call the dealership. I think it was listed for two hours.
Posted on 5/21/24 at 8:32 am to member12
quote:
I really like the new F-150 Lariats. The XLT’s look stupid but the Lariats look pretty good. But the price is fricking hilarious. Never going to take a risk with a Ford product that will last (at best) 5-6 years for that price.
I have a 2017 F150 and I've never done anything to it but routine maintenance. I'll probably drive it another 7 years. The prices on new trucks are comical to me. I'd drive a used Corolla before I spent 55k on a truck.
Posted on 5/21/24 at 8:36 am to RogerTheShrubber
quote:
Local dealership had maybe a half dozen vehicles on the lot for a year. Everything was selling prior to arrival.
The 2 Honda dealerships by us have plenty of inventory. Last year we gave my wife's old car to our youngest kid and bought another one. We didn't have any problems finding close to what we wanted.
Posted on 5/21/24 at 8:38 am to TDTOM
quote:
Ol’ baw at the golf course the other day said he just got a loaded out 2500 AT4 for only $93,000.
It is never a good idea to laugh at the members. Just clean his clubs and go about your day.
Posted on 5/21/24 at 9:06 am to chili pup
What they take is irrelevant when they have sticker prices that are insane
Posted on 5/21/24 at 10:03 am to fallguy_1978
quote:
We bought a 2024 Accord for under MSRP in November. Not a lot under, like 1k.
Yea I saw they have come down. Two years ago was wild times. Used accords with 60k miles were the price of brand new ones. New ones were over MSRP.
Posted on 5/21/24 at 10:52 am to CootDisCootDat
That’s a really good deal imo.
What does the tremor have that the regular f150 does not have?
What does the tremor have that the regular f150 does not have?
Posted on 5/21/24 at 11:36 am to SlidellCajun
quote:
That’s a really good deal imo
I thought so too. Just has Tremor trim (exterior and interior), 18” rims with bigger tires (aggressive ATs) that look better than any of the F150 20” rims, sits higher, has dual exhaust and sounds better with the 5.0 imo. Basically a cheaper off-road package version of the Raptor. I lost cooled seats and heated steering wheel but I’ll get over it. Also, the non B&O system sounds just as good as the KR with B&O.
I also kept my bed cover that fits perfectly, kept my Amp steps that will work with a different OBD2 port harness, and the dealer is paying to spray the bed liner by the guy that is tinting my windows Thursday.
Posted on 5/21/24 at 12:46 pm to chili pup
There is probably a 100% markup in the automotive industry.
Posted on 5/21/24 at 1:10 pm to lsupride87
quote:
People are pretty much clueless about the car profit/loss process. It’s not all that uncommon for them to take a “loss” on individual sales. Sometimes that hits certain incentive bonuses from the manufacturer, sometimes it’s to balance inventory, etc etc
You are 100% right. Growing up my best friend's family owned several dealerships. There are a lot of hidden costs and profit centers for car dealers. Timing has a lot to do with what kind of deal you're going to get and there's no real obvious way to tell if your timing is good.
One big thing that goes unrecognized is that they have to factor the "floor-plan" costs . Dealers will do a lot to move cars before they hit the 60 day mark of having a car on the lot. Typical cost is about $85 dollars per unit if they have a car on the lot for more than 60 days. They get hit with another $85 for each unit every 30 days thereafter. On top of that there is an interest fee on top of the floor-plan cost. This isn't exact, but the numbers are usually around 25¢ for every $1000 floor-planned per day. A $50k car costs them $12.50 every day it's on the lot.
Once a dealer has a $50k vehicle on the lot for 60 days, they are close to $850 into that unit of their own money. They'll move mountains to not hit the next 30-60 day fee. They'll hope to make it up on the trade or the potential for service at that point and rely on any manufacturer incentive or support.
Being that we're in a high interest environment right now and that manufacturers have bloated the MSRP, dealers are feeling it. Dealers that sell Stellantis products may not make it out, they have piles of inventory right now and zero product velocity.
Posted on 5/21/24 at 1:19 pm to chili pup
I got a brand new Bronco Sport Outer Banks with a sticker price of $37K+ for $28K and some change otd
Popular
Back to top
Follow TigerDroppings for LSU Football News