Are people really paying $5k dealer markup?
2/3/05, 05:12 PM
#1
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I signed a new job this week, after years of self employment, and decided to buy a new car. We originally went looking a F150s, but my wife and I both really liked the Mustang. All the dealers I have visited here in So. Cal. want a $5k over MSRP markup. I just don't think I can stomach that. Are others really paying these markups?
2/3/05, 05:23 PM
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IN THE BAY AREA IT IS THE SAME . . . AND YES PPL ARE DUMB ENOUGH TO PAY OVER MSRP . . . I ONLY FOUND ONE DEALER NEAR ME (PALO ALTO FORD) THAT DIDNT MARK-UP AND YES THATS WHERE I GOT MINE!
2/3/05, 05:26 PM
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Thankfully, the days of dealers raping customers with "Market Adjustments" are coming to a close here in Richmond, Virginia. The worst I saw was a $4,000 M/A, and several other dealers were charging an extra $2K-3K over MSRP.
Now, so far as I see, only one dealer in my area is tacking on this surcharge. They can ask whatever they want, but I think they're really taking advantage of people. Then again, if you're dumb enough to cough up the extra cash, maybe you deserve to be taken advantage of. (I'm speaking hypothetically of course, not you.)
I'd wait it out. The prices dropped pretty quickly once word got out that people were leaving showrooms!
Now, so far as I see, only one dealer in my area is tacking on this surcharge. They can ask whatever they want, but I think they're really taking advantage of people. Then again, if you're dumb enough to cough up the extra cash, maybe you deserve to be taken advantage of. (I'm speaking hypothetically of course, not you.)
I'd wait it out. The prices dropped pretty quickly once word got out that people were leaving showrooms!
2/3/05, 05:40 PM
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I had stopped at Herb Chambers Ford in Braintree,MA, while talking to the salesman, another rep came over to the GT next to us and proceeded to place a "dealer adjustment" sticker on the car- $5,000.....$5,000 EXTRA FOR A MUSTANG!!!??!
Maybe for an '05 GTO, I could take that.....(JUST KIDDING...DON'T FLAME ME)
Maybe for an '05 GTO, I could take that.....(JUST KIDDING...DON'T FLAME ME)
2/3/05, 10:31 PM
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TURBO 05, Lets not forget who talked to Dan at Midway Ford First! LOL
If you get your GT before me Im going to freak!
and since you pretty much ordered the same car I hope they didn't get confused and only order one, otherwise we may have to thumb wrestle for it!
Tell Dan Todd sent you too and maybe he will take off even more!
If you get your GT before me Im going to freak!
and since you pretty much ordered the same car I hope they didn't get confused and only order one, otherwise we may have to thumb wrestle for it!
Tell Dan Todd sent you too and maybe he will take off even more!
2/3/05, 11:12 PM
#8
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there are the desperate and the naive (stupid) so I imagine there are a few stinkers out there who would part with thier hard earned money so easily. I don't need any car that bad...willing to pay invoive, not much more
2/3/05, 11:14 PM
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i live in so cal too, thats the another reason im getting a v6, its 5k over msrp, so its wayyyy to expensive, plus i cant afford insurance lol, but yes there are people paying it, i see GT's come and go at the local dealership here, its insane 5k OVER!!! and the v6 is good, but the gt is way way way to overpriced in southern california atm
2/3/05, 11:16 PM
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I live in So Cal as well. My dealer initially hit me for a $3000 dealer markup, all the while explaining that normally they are getting a $5K markup. I was finally able to negotiate back to MSRP and signed the deal. I'm certainly not proud of paying MSRP but I'm happy just the same.
2/3/05, 11:23 PM
#11
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Originally posted by stoic21@February 3, 2005, 7:14 PM
Go to the ford in carlsbad or go to santa margarita, neither of those dealers mark up the stangs
Go to the ford in carlsbad or go to santa margarita, neither of those dealers mark up the stangs
While walking out i overheard the salesman say to another "that kid wasn't going to buy it anyways".......
called lake elsinore ford and talked to the fleet manager up there and purchaced my gt the next day from them with no mark-up.
Lake elsinore ford is putting the mark-up on their cars, but going through the internet/fleet department, i didn't have to pay it.
i'd recommend anybody to try and go through the fleet department of any dealership...saved a heck of alot of hasstle.
2/3/05, 11:34 PM
#12
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I live in Washington State and dealers are asking between $32 and $35 for GT's. I saw a v6 the other day with the windows tinted and aftermarket rims for $27.
To pay that is insanity.
To pay that is insanity.
2/4/05, 03:17 AM
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It's being done everywhere. That's the price you pay if you can't wait!
Dealers know that and use it. Keep checking this great site for tips and info. on anything Mustang. It's done wonders for me!
Happy Trails!!
Dealers know that and use it. Keep checking this great site for tips and info. on anything Mustang. It's done wonders for me!
Happy Trails!!
2/4/05, 04:29 AM
#14
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Massey ford off the 210 glendora auto mall(?) is refusing to mark up their cars, and been the friendliest dealership I've visited. As of yesterday they have a sonic blue gt with standard trans and IUP light.
I got mine for sticker at Ken Grody, but it wasn't easy. You CAN wheel and deal though, just stick to your guns and bring a calculator and note pad. Having really good credit helps a ton too. Don't let them try and sneak a higher price with a longer term loan.
Yes people ARE paying "market adjustments" for these cars, otherwise you wouldn't see dealerships still adding them. Don't feed the greed just say no, get up and walk out.
Good luck.
I got mine for sticker at Ken Grody, but it wasn't easy. You CAN wheel and deal though, just stick to your guns and bring a calculator and note pad. Having really good credit helps a ton too. Don't let them try and sneak a higher price with a longer term loan.
Yes people ARE paying "market adjustments" for these cars, otherwise you wouldn't see dealerships still adding them. Don't feed the greed just say no, get up and walk out.
Good luck.
2/4/05, 05:11 AM
#15
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The only advice I can give is to shop around, It took me 5 dealerships before I found one that agreed to sell me a Gt at $100 over invoice, and in LA no less. the deals are out there and they seem to be with the fleet managers.
2/8/05, 01:41 PM
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Originally posted by Blakmore@February 4, 2005, 11:14 AM
The deal I mentioned a few posts above was with the Fleet Manager as well. Interesting....I wonder why it seems to be easier to deal with them as oppossed to a regular salesman?
The deal I mentioned a few posts above was with the Fleet Manager as well. Interesting....I wonder why it seems to be easier to deal with them as oppossed to a regular salesman?
don't they get a bonus on volume?
2/8/05, 02:44 PM
#20
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Originally posted by Blakmore@February 4, 2005, 5:14 PM
The deal I mentioned a few posts above was with the Fleet Manager as well. Interesting....I wonder why it seems to be easier to deal with them as oppossed to a regular salesman?
The deal I mentioned a few posts above was with the Fleet Manager as well. Interesting....I wonder why it seems to be easier to deal with them as oppossed to a regular salesman?