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Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,510
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Insane "additional dealer markup"
This dealer cannot be serious...he has to be simply advertising with this ridiculous "buy it now" price as a way to let folks know he has the car and that he will be asking a stiff ADM...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-05-2011, 04:21 PM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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I asked a dealer once about a crazy markup on the new T-Bird when they first came out. He told me some idiot will buy it.
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Hugh |
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04-05-2011, 04:26 PM
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Is that in addition to add-ons for paint sealant, etching, wheel protectant, nitrogen in the tires, prep, and the other nonsense they tell you they've done? If not, I'd say he's just being honest. I would honor his candor, and negotiate.
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04-05-2011, 04:30 PM
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Virginia Rocks!
Join Date: Oct 2003
Location: Just outside the beltway
Posts: 8,497
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When the market was good and the Ford GTs were out I saw one for $130K plus an additonal $130K "market adjustment"
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04-05-2011, 04:30 PM
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Registered
Join Date: Oct 2003
Location: Mount Pleasant, South Carolina
Posts: 14,135
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What's with the round "things" in the grill? Not intakes or lights...
The dash looks like Fido's hiney too. |
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04-05-2011, 04:35 PM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,660
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Even Miatas sold for over sticker when they first appeared. '89 Carrera Speedsters went for 120 and more when the window said 70 something. Nothing new or strange about this.
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04-05-2011, 04:38 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,852
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It's not at all uncommon for cars that are desirable in the market to go for a lot more than asking price, especially when they first come out.
Miatas Acura NSX, they were going for $90k, but were priced at $60k I believe the Honda S2000 was going for $60k and was priced at $30k. I think they call it "supply and demand"
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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04-05-2011, 04:49 PM
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unindicted co-conspirator
Join Date: Jul 2007
Location: Fresno, CA
Posts: 1,660
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anybody remember that PT Cruisers were going for 10K OVER sticker when they came out.
It's just a POS neon with a hatchback
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'03 996 - sport exhaust, sport seats, M030 sport suspension, stability control, IMS Solution ‘86 928S3 - barn find project car |
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04-05-2011, 05:01 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,510
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Well, I guess the dealership could be hoping that P.T. Barnum was right...after all, it only takes one.
But far more than double the sticker? Naw, he's just using that "buy it now" price for advertising...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-05-2011, 05:30 PM
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Virginia Rocks!
Join Date: Oct 2003
Location: Just outside the beltway
Posts: 8,497
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What's up with that red X thing in the backseat. It's a track car, why not rollbar or something useful?
Neat looking car otherwise.
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Rosewood 1983 911 SC Targa | Black 1990 944 S2 | White 1980 BMW R65 | Past: Crystal 1986 944 na Guards Red is for the Unoriginal
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04-05-2011, 05:37 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,852
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Quote:
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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04-05-2011, 05:41 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,510
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Quote:
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-05-2011, 05:50 PM
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Banned
Join Date: May 2006
Location: Dana Point, Ca
Posts: 55,591
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Quote:
I worked for a Ford dealer when the TBird came out and saw their first one go for 50k and the guy sent them a letter thanking them for letting him buy it. We bought a brand new one in 2005 for 29k off a different lot. |
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04-05-2011, 06:49 PM
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Registered
Join Date: Jan 2005
Location: Minneapolis
Posts: 7,482
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It's funny, when I was able to make the decisions at the dealer or corporate-dealer level, my policy was nothing over MSRP. Period. No ADM.
We wouldn't sell to another dealer, or someone who was just flipping it. We offered spots to our previous customers first. ADMs make the dealer look stupid and/or greedy, neither of which are good attributes for a dealer that wants to be around long. It seems odd to me to spend $700K/yr advertising to attract new clients then turning just as many of them away by trying to make an extra $5K (or whatever) on 3 or 4 cars. People DO remember when their PT Cruiser Limited cost them $35K and they go to trade it in to your store a year later (after the ether wears off) for $10K and see a whole row of unsold new ones. They tell everyone, and even though the market might support it at the time, the dealer is the bad guy later. There is no greater vanity than paying a huge premium to be the 'first'.....
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I love you guys outside this forum  -Eric |
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04-06-2011, 05:42 AM
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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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Was late 80's, early 90's IIRC. The Isuzu Amigo hit and they were going for ridiculous $'s over sticker. Something like $15k.
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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04-06-2011, 06:20 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,510
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Quote:
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-06-2011, 03:27 PM
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Registered
Join Date: Aug 2007
Location: Kenbridge VA
Posts: 4,269
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Crap that is a lot of money for a mustang (and I like them). I rememeber in the late 80's Chevy dealers swapping ZR1's with themselves for $100K.
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Peppy 2011 BMW 335d 1988 Targa 3.4  2001 Jetta TDI dead 1982 Chevette Diesel SOLD
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04-06-2011, 04:02 PM
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Used & Abused
Join Date: Feb 2004
Location: Sebring, FL
Posts: 924
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Quote:
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83 - 944, daily driver 62 - VW Karmann Ghia, never moving restoration "Oh Bother," said Pooh, as he chambered another round. |
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04-06-2011, 05:06 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,314
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+1 he's just putting it on eBay for the advertising, with the reserve and the "Buy it Now" set so high it won't sell. If it does sell, then it's a knee-slapper for him.
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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04-06-2011, 05:10 PM
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for that kind of money, you'd think he'd be able to spell "Laguna" correctly.
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-mike |
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04-06-2011, 05:17 PM
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