Are dealerships still charging a premium on new vehicles?

[redline]

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Somewhat applicable to this thread. Anyone buy anything Fleet the past couple years? We had 10- 1 ton GMC trucks canceled last year, and just had 8 Ford vans canceled. Only thing we can think is they are saying fuck fleet when we can sell them retail...

Bingo …

[dimi]

So, you pointed that out, so they can gouge

[Rocket1k78]

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A dealership raised their price by 4k after we pointed out that their mid trim SUV was priced the same as their base trim, so yeah, premium pricing or gouging is still happening.

Not very clever of you to point that out

[Clever]

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Not very clever of you to point that out

Why? We wanted to know what the difference between their base trim and the trim above since it was priced almost the same. If you were shopping for a car and the two cars were priced the the same, but one had more features which one would you buy? What the dealerships do is up to them shady or not, we just moved on and looked at a different vehicle.

[Rocket1k78]

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If you were shopping for a car and the two cars were priced the the same, but one had more features which one would you buy?

I'd be signing as fast as i could for the one with more features

[darthVWader]

I was looking at small SUVs and Northland VW was talking 9% interest and no lease option. Are we going going to see a correction in the new car world? Or is this the new normal?

[Pacman]

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I was looking at small SUVs and Northland VW was talking 9% interest and no lease option. Are we going going to see a correction in the new car world? Or is this the new normal?

Taos or Tiguan? I just ordered a Tiguan

[bjstare]

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I was looking at small SUVs and Northland VW was talking 9% interest and no lease option. Are we going going to see a correction in the new car world? Or is this the new normal?

If you don't like it, buy in cash?

[Rocket1k78]

Toyotas at 8.5% lol

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If you don't like it, buy in cash?

With the way things are now i wouldnt be surprised if they avoided cash deals or at least left them on the back burner

[Shlade]

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If you don't like it, buy in cash?

Most dealerships don't allow this anymore. Have to sign for 6 months finance then you can pay off otherwise you get hit with a penalty.

Welcome to the new world... Cash deals are a thing of the past now. They make more money off financing from banks.

[darthVWader]

Taos

Could free up the cash I guess. Would rather just lease for the time being.

[you&me]

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Most dealerships don't allow this anymore. Have to sign for 6 months finance then you can pay off otherwise you get hit with a penalty.

Welcome to the new world... Cash deals are a thing of the past now. They make more money off financing from banks.

Yep, just experienced the joy of this today.

Ordered new car in April, promise delivery in August, but told if it's after Sept, at least I'd get a MY23.

Now new car arrives in Oct, luxury tax kicks in, market's dropped on the previous car by ~$15k, mandatory finance is still a thing and, oh yeah, "they're not building '23s yet, so you're getting a '22"...

[bjstare]

Jesus, what a headache.

Lucky for me, I can only afford used cars.

[killramos]

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Jesus, what a headache.

Lucky for me, I can only afford used cars.

Jokes on you. A used Escalade is now 300k

[tirebob]

I just got offered 5.9% purchase on a Toyota and and then I would pay it out after the 6 months...

[Xtrema]

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I just got offered 5.9% purchase on a Toyota and and then I would pay it out after the 6 months...

In the old days, doing that would get me $1k for the trouble.

Now I guess the incentive is you actually get a car.

[tirebob]

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In the old days, doing that would get me $1k for the trouble.

Now I guess the incentive is you actually get a car.

Ya pretty much... Tis the times we are in right now.

[roopi]

Just an FYI for people being forced to finance. The same happened to me when i purchased a trailer last spring. The dealership said after 6 months I can pay it off with no issues. The day after signing the financing documents I got a call from the financing bank to verify info. At this point I asked if I could pay it off after six months and they advised I could pay it off anytime. I didn't have to wait. I'm guessing the dealership gets the kickback if it stays open for 6 months and nothing if you pay it off early.

I've since been told that all loans in Canada have to be open but i never looked into to verify.

[ExtraSlow]

Yeah, I've heard the dealership gets fucked if you pay early, not the consumer. But never checked. These days my mortgage is a higher interest rate than my auto loan. So that's where any spare money would go.

[ThePenIsMightier]

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... So that's where any spare money would go.

Whoa, Playa! All this talk of "spare money" belongs in the thinly veiled raw dough thread!