[DAVES]

Originally Posted by LateBoomer

so I contact a local dealer (a Jenkins, but they are everywhere) about a particular luxury SUV on their site, that listed a price of about $66,500 (which is higher than the company says the MSRP should be but i get it - different times right now). They said sure come on by.

Now I know there has been some "market adjustments in prices" - but guess what this car LISTED on their site actually cost? $79,500!! and that was BEFORE another $1000 (dealer fee), and taxes, etc. What should have been a $73,000 car after taxes was actually an $85,000 car!

$12,000 markup due to supply and demand.

Of course it's worse. They have a big poster in the sales office - about how their Internet price is "guaranteed" and they pay the average of Kelley BB and Edmunds for trade-ins. We had two trade-ins. Kelley and Edmunds average for clean fairly new cars (both 2020 vehicles) said that we should have got between $54-$55K . they offered a whopping $49K!! so much for higher prices for used cars?

Honestly, I know that inflation was a bit out of control. And dealers could be shady...but glibly adding $12,000 to a new car's price, and under-valuing a used car by thousands?

very shady practices. We decided to sit tight with our existing cars until things are normal again.

are people really paying this much more over MSRP? Never seen it in my life...or is this just a Jenkins thing around here? very very sneaky to add this to the price actually on your website!!

Beware, people!!!

Buying a car is a negotiation. Not everyone pays the same For the buyer it is like you stepping into a boxing ring with a prof boxer.

On a trade in new car deal the trade in value directly is applied to the price of the new car. That credit is not subject to sales tax. So a higher offer, price on the trade in may not actually be more in your pocket.

Ads, another typical gocha. Oh yes you said you were coming right over, we didn't see the paperwork that it has been sold. Sorry about that but we have and it is just a little bit more.

I've never done it but I've heard you can buy a car though some of the shopping clubs

[DAVES]

Originally Posted by gdennis317

Most of the issue with Automotive prices, especially SUVs and Pick-ups has been the Computer Chip shortage. Here is info from an article I searched for and was published about two weeks ago.

"Taiwanese semiconductor companies are tailoring making chips for autos, so the chip shortage should be solved for autos in a few weeks, but other electronics' chip shortage problem persists," Pang said, adding that could delay shipments of some new model smartphones.

Hope they are correct as my Lease runs out in January. :-)

I am far from a techno nerd. As far as companies making chips for cars, as I understand it the chips are custom proprietary. Due to electronic complexity and pollution standards the auto manufacturers cannot substitute some other chip that is not specified.

Modern production of most anything is just in time. It is expensive to hold parts to be assembled later. We suffer with this many times. Anyone but me remember when you needed a headlight, you went to Korvetts and you bought either the square one or the round one for like $1.99. Today, you need to buy the, whatever brand car you drive, you can only buy it from the dealer. It will cost you like $600 and you will only need to wait two months for it to come in from who knows where.

[DAVES]

Originally Posted by 4JRKR

What can I say. Sometimes capitalism seems unfair. As you keep saying, because of low supply and high demand most desirable (new and used) cars are extremely high right now. By the way, so are homes/condos/golf carts, but that’s not too much of a concern if you are not a buyer in this market.

Regardless, it might be a good time to sell one of your late model low milage use cars, and live with one vehicle until the market changes. That is - become a seller in this seller’s market.

To do this most effectively look at other places to sell your used vehicles. Online try Carvana, drive your trade to a close CarMax, and then take your trade to the dealership (the manufacture of the trade). See who will give u the highest price.

It may also be a good time to order a new EV. Delivery will be several months out, but the cost will be fixed when you order it.

Nothing is new. Remember fixed prices? Everyone pays list? You would go into a dealer to buy an expensive stereo and they would give you a hundred dollar credit for an $8.00 radio toward the purchase.

[CoachKandSportsguy]

man, this is one interesting post/thread. I buy a car about every 8 years, and they trade in is maybe worth $3K. . . but I don't buy luxury, from a finance point of view, buying a depreciation asset is buying future junk, so I don't waste money . . . .

finance guy

[Penglobal]

Originally Posted by Stu from NYC

Most likely nobody from the dealership will ever see this

Hello and I disagree. If we all stick together and refuse to do business that targets seniors, then trust me, they will see this post.

[Mendy]

This additional "markup" over MSRP is happening all over the country. I would recommend checking out the Costco Auto Program. Tell them exactly what you are looking for, they connect you to a local dealership and they will quote the price over the phone. No haggling......and they often give a Costco gift card or other value added option as well. I've purchased 3 of last 4 cars through Costco and saved Between $1000-$3200 over best negotiated price from dealer. It's worth a shot.

[spd2918]

I have brokered car deals for friends who hate the dealership experience. We test drive potential models together to narrow the field. Then I cold call several dealerships to weed out the high ones. We go to the lowest priced dealer, the buyer goes to have coffee, and I negotiate the price. It is easy for me since I am not emotionally invested in the purchase.

I wonder if people would want such a broker service here? I'd certainly save them far more than they'd pay me.

[Pinball wizard]

The following happened yesterday at Jenkins Hyundai Ocala.

I made an appointment to 'work the numbers' and purchase a car. It appears that the salespeople have no involvement in pricing as she immediately called over 'the manager'. I had a good idea (from doing research) what the car should cost as well as my trade-in. The manager came over, handed me the price breakdown and it was way out of line: by over $7,000. The first thing I noticed was the value they gave my trade-in: $4000. Carvana and others offered me $10,500 so his offer was way out of line. As soon as I said something he doubled it to $8000 but would not go any higher. He said he really didn't need my trade-in. At that moment, after trying to give me an extremely low ball offer on the trade-in, I said thanks for your time and left.

Some interesting items to note:
1. The manager sat down at the desk and never introduced himself to us.
2. He was short and abrupt with us.

On the other hand, our 'salesperson' we very nice and apologized for his actions.

The search goes on...

[LateBoomer]

your experience is in line with mine there last weekend. And the disparities on mine were even worse.

going to Tampa today to take possession of the same car - for $15,000 net less.

I had no idea until I started this thread how much people around here think so poorly of Jenkins and their tactics

[geofitz13]

They see the opportunity to charge what they can get and will do so until supply catches up with demand.[/QUOTE]

Absolutely. And once supply catches up with demand, the consumer will then offer far less than the car is worth. It is human nature. I hear no one ever complain about 10-12,000 dollars in rebates. And of course, do not let the evil dealer fix anything that is out of warranty, in the name of customer service. I learned one thing in 33 years of autombile business. Everyone is looking for an advantage, and most have no problem lying about it in order to get it.

[Penglobal]

Originally Posted by LateBoomer

your experience is in line with mine there last weekend. And the disparities on mine were even worse.

going to Tampa today to take possession of the same car - for $15,000 net less.

I had no idea until I started this thread how much people around here think so poorly of Jenkins and their tactics

Great point and if we have learned anything from this thread, I hope that anyone thinking about the purchase of a new vehicle or any large item ticket will think outside the bubble and AVOID JENKINS !

There is no one living within The Villages who's time is so valuable that they can't spend a few extra driving hours in order to save thousands on the purchase of a new vehicle.

[VApeople]

I am 76 years old and have bought quite a few cars. In 1995, I finally figured out how to buy a car. I had a lot of practice, because we bought five new cars in that decade.

In short, we decide what car we want and how much we choose to pay. If the sales person does not say "YES", we leave.

After going to a few dealers, we eventually hear a "YES". We give them our money and drive home.

[Retiring]

///

[Retiring]

Originally Posted by retiredguy123

If you want to buy a vehicle from a dealer who doesn't lie, you will never buy a car. They all lie. The first lie they all tell you is to show you the "invoice", which is lie in itself because it is not what they paid for the vehicle.

Amen.

[Road-Runner]

Back in the 90's I called a Harley dealership for a price on a bike after reading up on their models and list prices. When I got a much higher price over the phone I asked him if he ever sold bikes for list price, the jerk started laughing and said, "yeah, Harley Davidson price". I hung up. A couple of years later when things were different and HD dealers were happy to have someone buy their bikes at retail (or below) I bought one at another dealership. I wouldn't even go to the dealer who laughed at me when they had the best sale on tires, didn't matter I'd never do business with them, period.

Twice went to Landmark Dodge in the Atlanta area looking at vehicles and both times they tried to rip me off. The worst was when I was looking at buying a RAM pickup but the payment numbers weren't jiving with what I thought I'd be borrowing. After going back and forth with the salesman swearing everything was right I noticed the price for the truck was higher than the sticker, his reply "oh yeah, we can go up to 110% of retail on our vehicle to make a trade-in deal work". Uh no, never bought a thing from them either.