Car prices

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11/28/2021 4:56 PM

Looked at new trucks in Temecula today. $15,000 ADDITIONAL dealer markup over list. Is that normal? Aren’t buyers telling them to F off for profiteering?

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11/28/2021 5:03 PM

JFC, that is insane for a Frontier. A dealer offered to buy back my loaded 2019 Ram Laramie for what I paid for it (less than that sticker price O.T.D.) plus $2500 towards a down on a new one. I just laughed and said no thank you.

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11/28/2021 5:24 PM
Edited Date/Time: 11/28/2021 5:25 PM

Most of our lots have less than 20 new cars or trucks on them and they are sold as soon as they get there for a premium price, used cars all have 90k or more miles on them and still sell for huge money. No one is selling or trading in their low mile cars or trucks because they are afraid they wont be able to get a new one. My 2020 RAM Rebel had 25K miles on it and I could sell it at new retail if I wanted.

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Ed Johnson

11/28/2021 5:41 PM

Holy shit!
I recently bought a new car for my wife. I got them down to 500 over sticker and 2.3% financing on a vehicle that's hard to find. I figured next year the msrp was gonna be 1k more anyway. Dealer was super straight forward on costs and no pressure which I respected.

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11/28/2021 5:51 PM

Not that boats are in the same category as cars or, trucks but, a friend just sold his 17 year jet sled for 10K more then he was asking. I’ve been looking at boats for about a month now and, a sled that sold for 30K five years ago is now worth 40-45K. It’s definitely a sellers market. Looks like I’ll be a bank maggot for a bit longer. 🙄

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11/29/2021 3:41 AM

Every single experience about a dealership feels like you’re getting fucked.

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11/29/2021 3:50 AM

Dealers have been hurting for stock here all year. Ford looks the worst driving by, lot almost empty. GM a little better, Dodge/Chrysler/Jeep has a bit more. The Nissan place seems to always have a pretty full lot, the Korean guys seem OK. Honda almost cleaned out. Daughter & boyfriend decided they needed to get rid of one, and decided it would be his 2018 Civic. (He has a work truck). The dealer bought it back for almost what he paid for it new. I'm glad I don't need a new one (altho I could likely use one).

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HAF

11/29/2021 4:36 AM

It’s supply and demand, the dealers are throwing stupid prices out there and seeing what sticks. The reason they sell is because a lot of people can’t math. All they see is “it’s just a $50 more per month.” Never mind that the dealer also added an additional 24mos to the term. This is going to be brutal when it ends. There’s going to be a bunch of people still owing $40k on a vehicle that’s worth $15-20k.

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11/29/2021 6:08 AM

I'll add....so I purchased my Chev Express new 2 years ago. The trade in value is more than what I paid new. When was the last time you heard of this happening. Course if I ever sold it I'd be facing the same delema as the op. Crazy shit!

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"A rule is a rule and without rules, there is Chaos"....Cosmo Kramer

11/29/2021 12:50 PM

“Don’t worry about the sticker price. How much per month can you afford?” I love dealer tactics.

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11/29/2021 7:56 PM

One of the largest computer chips manufacturing plants had a fire and out of commission is the main reason there is a chip shortage, not sure what country it was in but it made a good sized portion of automotive computer chips.

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Ed Johnson

11/30/2021 12:01 AM

Chance1216 wrote:

Not that boats are in the same category as cars or, trucks but, a friend just sold his 17 year jet sled for 10K more then he ...more

My brother in law bought a new boat about a year ago, but it didn’t deliver until this past May. I think it was a 26-28’ Sea Ray, he was in it for something around $160K+ all in.

He realized pretty quickly this past summer that it was a lot more boat than he needed and wished that he had a pontoon instead. He called the dealer to see about trading it in but the dealer was pretty damn straight and fair with him. Told him that new Sea Rays like his were sold out through at least very late 2022, but that they would buy his boat back for everything that he paid except for the sales tax. It had less than 20 hours on it and 5 of those were from the dealership giving him boating lessons, so it really was virtually new, but boats and RVs have such huge historical instant depreciation that it’s incredible fortune for him to be able to do that.

One thing that the current gas prices have done is made larger cars less attractive. Had been looking at a pre-owned BMW for the wife, but figured that the biggest xDrive model I’d be able to get with low miles would be a 5 series. Lo and behold, found that the 7 series cars are selling at a much deeper discount than the smaller cars so ended up with a 740Li with under 40K miles and a factory extended warranty for less than 30% of original sticker price! It’s not going to be easy on gas, but it’s not one of our ‘dailies’ so for longer trips I don’t mind trading a little fuel consumption for a huge increase in luxury and comfort!

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11/30/2021 3:25 AM
Edited Date/Time: 11/30/2021 3:30 AM

I bought a brand new car a month ago. No real price hike here at all. Maybe, just maybe 5-7%.
Used cars are flying right now. I sold my old car in 2 hours. 2h from time I put an add in a car sale site, to finishing paperwork. I got 50% more than I thought I will get. The guy paid what I asked without hesitation. Car went to Azerbaijan. There are gangs of Georgian folks who buy anything they can get their hands on. Then they transport it to Georgia, do a little work on them and sell them to Azerbaijan.

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11/30/2021 7:40 AM

Have gone from a 2018 (purchased new) to a new 2020, new 2021, to shortly a new 2022.
depreciation on 18 was about 3,000$ from day i bought new.
2020 drove for 9 months put 12k on it, trade in was what I paid (plus supplier and rebates on 2021)
leaving 2021 with 15k miles on it for 2022, that MSRP is 2k higher on, with a check for a few hundred from the dealer to me (no real rebates on 22 just supplier).

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11/30/2021 7:56 AM

Robgvx wrote:

Looked at new trucks in Temecula today. $15,000 ADDITIONAL dealer markup over list. Is that normal? Aren’t buyers telling them ...more

15,000 + the $3500 in gimmick dealer add-ons, what a time to be alive

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11/30/2021 8:16 AM

Bought a new Chevy Colorado in June of 2020 from a dealership that a friend works at. Same buddy calls me a couple months ago and offers the exact same amount as what I paid for it to buy it back cause they were so desperate for any trucks. They had none and couldn’t get anything. So basically drove a brand new truck for over a year and got all my equity right back before ever having to do any maintenance besides a few oil changes. Turned around got a new Toyota Tacoma which I like much better and ended up with a slightly less payment as well. Had to search for the Tacoma though, all the lots were empty but was able to find one on its way to a dealership and reserved it. Had to drive about 100 miles to go get it when I came in but it worked out great

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11/30/2021 8:24 AM

zookrider62! wrote:

15,000 + the $3500 in gimmick dealer add-ons, what a time to be alive

$500 to blow the tyres up with nitrogen…

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11/30/2021 8:42 AM

My wife is looking for a new GMC truck. It looks like the factory rebates are starting up again, and she found a dealer in AZ who was willing to discount the vehicle. The one she wants won't be there until January, but I think we may be pulling the trigger. I have to see how we're going to be affected by the out of state purchase, however. Anybody know how bad CA is going to hammer me on taxes and reg.? Can I leave the dealership without paying AZ state tax?

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Braaapin' aint easy.

11/30/2021 8:56 AM

Falcon wrote:

My wife is looking for a new GMC truck. It looks like the factory rebates are starting up again, and she found a dealer in AZ ...more

Falcon,

I did the reverse of that in 2016 when there were no more KTM350 XCF w's in AZ.

Looked on my phone and found one at Langston motorsports in California called the guy up and in 5 minutes I put a $100 deposit on it to pick up a month later.

The deal was no California tax was applied and I thought it was a great purchase and it wasn't too bad for $7000 out the door if my memory is correct. unsure

When I went to register it in Arizona is when they raped me for about $500 in tax!
I imagine California would be worse I would check up on it.

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11/30/2021 10:53 AM

Falcon wrote:

My wife is looking for a new GMC truck. It looks like the factory rebates are starting up again, and she found a dealer in AZ ...more

When I bought my new KTM I bought it in West Virginia. If I financed I had to pay sales tax in WV. But since I paid cash I didn’t have to but would have to pay sales tax in PA if I wanted to register it here.

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11/30/2021 11:28 AM

^Yeah, I figure I won't get away from paying sales tax, even if I buy it in a no-tax state. CA will hit me when I register the thing.
The weird part is this: How does an AZ dealer let me drive away in a car without registering it? And how would they register it in CA? (Probably wouldn't - then I'd have an AZ-registered car. No good for the CA Gestapo.) I guess the dealer will know. They probably do it all the time.

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Braaapin' aint easy.

11/30/2021 11:37 AM

Falcon wrote:

^Yeah, I figure I won't get away from paying sales tax, even if I buy it in a no-tax state. CA will hit me when I register the ...more

They’ll give you a temp tag most likely. Obviously every state is different so I can’t speak for CA but my dad bought a truck in Ohio a few years ago. They gave him a temp tag then he had to go to a local notary where he paid sales tax and received a new PA license plate. Sometimes they’ll put the old plate on the truck (if you’re trading one in) and put the temp tag on the rear window(which here is just a piece of paper). If you’re not trading a truck in you’ll most likely just get a temp tag til you go to a notary, pay sales tax and get a new plate.

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11/30/2021 11:42 AM

Also, with a temp tag it’s not technically “registered”. You’ll have something like 15 days to actually get it registered in the state which you reside. You can’t register a vehicle in a different state than that of your primary residence. The biggest thing is you’ll need insurance (obviously) before the dealer lets you drive away.

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11/30/2021 11:56 AM

Falcon wrote:

^Yeah, I figure I won't get away from paying sales tax, even if I buy it in a no-tax state. CA will hit me when I register the ...more

You'll get a temp tag, and if AZ has no sales tax, you will just owe the sales tax to your lovely state when you register it there. Not sure how California works but in our heavily taxed state of NY, you only pay tax on the difference between your trade and new vehicle purchase, so it never really makes sense to sell outright.

One thing to consider, and I ran into this when purchasing a truck back in 2013 from TX near my parents house - They're federal emissions in TX - Not sure if AZ is as well. They are not 50 state compliant. NY would not let me register the vehicle here because of this. There were a few BS exemptions like "Vehicle died when there, had to purchase new , vehicle was in accident, had to purchase new there because i was tehre" ect. Or you could register it if it had more than 7500 miles. Trying to eliminate people from bringing new vehicles into the State from states that were federal complaint not 50 state/cali compliant.

GM is likely starting to issue rebates on half tons because they have the updated version coming out for MY22. I dont forsee this stuff righting itself for atleast another 12 months, and I work in this industry.

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11/30/2021 1:16 PM

^ Good call on the emissions issue. I almost forgot about that part.

Also, California absolutely can and will tax you on the full purchase price of the vehicle, regardless of any trade scenario. Why wouldn't they charge more? They can. They'll probably research my browser history, see this thread, and tax me an additional 5% because I don't like it. Ah heck, make it 10%. That will tide them over until they can affix the GPS unit to my vehicle and tax me on the miles driven, in addition to making me pay the most onerous gasoline taxes in the nation.

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Braaapin' aint easy.

11/30/2021 1:41 PM

Sounds like you need to get some friends together and form a LLC in Montana.

https://www.google.com/amp/s/jalopnik.com/the-pitfalls-of-the-montana-license-plate-scam-1711216059/amp

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12/1/2021 8:00 AM

lostboy819 wrote:

Most of our lots have less than 20 new cars or trucks on them and they are sold as soon as they get there for a premium price, ...more

This.

I worked in the defense industry where I was trained for this “End of the World” b.s. and, thankfully, had some knowledge of “impact on industry, supply and logistics” and the like; so, in early March of 2020 I got a new 2019 Transit Long W/B Medium Roof for $31K…new…I had several to choose from. Later in 2020…but BEFORE the madness truly kicked in…I got my darling wife a new pimped out hybrid suv. Again, got it for a great deal.

I stocked up on dirt-bikes, too, early on…including a coupl’a buddy bikes. Gear…tires…etc.

After all that prep, it appears we’ve been lucky and cars/trucks are one of the few truly “short in supply” items.

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Nobody ever told me, I found out for myself. You've got to believe in foolish miracles. It's not how you play the game, it's if you win or lose. You can choose. Don't confuse. Win or lose. It's up to you!

12/1/2021 8:15 AM

Makes me like my paid off 2004 diesel more and more every day.

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12/1/2021 8:43 AM

Idaho747 wrote:

Makes me like my paid off 2004 diesel more and more every day.

This. Both our cars are paid off, and I'm cringing at the thought of making a $600 (or more) car payment every month.




Maybe I can convince her to wait.
laughing



w00t grin pinch blink laughing laughing laughing laughing

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Braaapin' aint easy.

12/1/2021 7:52 PM

I just bought a 2017 expedition in Utah, they filed Kansas Sales tax there. When I got the plate in Wichita I had to get it inspected to make sure the VIN matched and then had to pay property tax on it, which was another $500, but the sales tax had been paid.

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I work to provide for my family, I ride to keep my sanity.