My Uncle Has One Of These ~ He Just Had Got It & The Sh!+ Wouldn't Start ~ So I Figured Out His Problem Was A Relay They Had Hidden In The Dumbest Of Places😂
I buy three new pick up trucks for my business every five years. My dealership wanted $330,000! They had $300.00 of “special” air in the tires and other stupid, absolutely useless crap. Upset at this point, I asked the salesman if he wanted to get serious and sell three trucks or if he wanted to keep bullshitting me. He said he would sell them to the next guy that walked in. The three white Dodge pick ups that I wanted are still sitting on his lot. That was eight months ago. They must’ve run out of stupid people. I take perfect care of my vehicles. In fact, I would call it exceptional care. I think I’ll just run these another five years and stick the $330,000 in the market, or my business.
Don't feel bad. I bought a bare bones Jeep Wrangler last year with crank windows and a manual tranny. The dealer dinged me $299 for window etching! They must lie awake at night trying to figure how to get every last nickel from us.
By them time you will need 3 new trucks(If you do keep them for the extra 5 years, you will be able to get them for 165,000. Make sure you find that salesman that tried to bullshit you. By that time, he will kiss your ass to sell a vehicle for half off.
Maybe they let a Scat Pack sit at too high a price, because if you lower it, you lower everything else too? Maybe they sold 10 others at that price and made tons of money on them? They don't want to lose their pricing power.
I often said that there would be a breaking point with new vehicle prices and these prices make it impossible for the average person to buy. The auto industry has priced itself out of business.
It is not the original equipment manufacturer; the dealers are the renegades. It took me until I was about 45 years old to understand the how dealerships jack up the price on automobiles. I bought a Tesla and I did not pay for BS add-ons.
There's been talk in the Ford camp that they are looking at letting consumers buy directly from the factory and just use dealership as repair shops because of the way jack up the price of new vechials.
@@CasperChicago MSRP 70K + Dealer Add-ons $5K, if it were $70K or $75K that's too much money. And this is one of the cheaper examples. Ford, GM, Stealantis all have tons of inventory and offering well over $100K. There are only so many fools willing to pay this type of money for a car and I think most of those people either have cars or are on the back side of a 6-7 year note still paying $1K/month with car repairs now coming due. I spent $1100 last year in maintaining one of my 2015 cars. This year another $800 in the other. The 2012 gets $300. And I will keep doing that until car prices crash. US auto market has completely miss-read the consumer. The government can only save them but so long - unlike last time, this time public sympathy will be hard to come by. Soon China cars will be coming in from Mexico - they can't ban Mexico - so then what. Greed is their downfall. The market is wide open for the next Honda / Toyota of the early 80's (new, reliable, affordable). I will take that EV from Mexico when it comes. No way on God's good green earth will I spend that type of money for a new car. I will wait until they crash.
@@CasperChicago Dealerships do not set the Monroni sticker price Mfr. does Dealerships put on ridiculous add-on sticker prices that are not part of the nationwide lawfully enforced Monroni Price
The stimulus checks are gone now too, it was because of those checks that they are having yet another foreclosure/repossession crises and with no checks, no new car sales.
I can remember when a new 2000 Volvo VNL660 semi-truck was $98,000. Now they want $91,000 for a new pickup truck??? What have these guys been smoking??? And why aren’t they sharing???🤔
Dodge is finished. Ram may survive. Dodge and Ram are blue collar vehicles, many who pay more than they can afford. Also Dodge and Ram drivers are aggressive drivers always tailgating and speeding. It is the owners who killed the brand. The dealers will sell at the highest price to the dumbest buyers. The Challenger and Ram trucks are good vehicles. Just s#itty owners. I had 4 Challengers, 2 SRT’s and 2 Hellcats. I met many idiots at the SRT experience. Twice!
My Durango R/T is a 2016. I was poking around my dealer when I was getting an oil change and my winter tires on. The price to replace my SUV is just not realistic. The sales team was two sad looking guys and the service department was quiet as well.
@@BryanBrett-q4d Its quick, but not fast, I have removed the R/T and name off the back so no one knows its a V8. It has been a really good SUV brakes and tires, Battery, hose clamp, fresh transfer case oil. a water pump replaced under warranty years back, I also replaced the back up camera it was destroyed because of all the salt we use in Canada on the winter roads it was a saturday morning job with basic tools got the part from ebay and regular oil changes. A new one is way too much $ so I will keep driving it for as long as I can.
I just buy used cars. Walk up, expect it and pay cash for it. Yes, used cars are buying someone else problems...maybe. Buying used cars since I got my driving license at age 16. I'm 61 and still buy used cars. Never bought a new car and never will. Just bought a 2016 Jeep Patriot High Attitude with 133,000 miles on it and pay cash for it for $8,500. I ride them until the wheels fall off. This Jeep replace my previous ride which was a 2006 Ford Freestyle which I bought 10 years ago for $4,700. Not a very hard process doing it this way, at least not for me. You fix it, if there is a problem and enjoy your new ride. Been doing this since my first purchase of a Navy Blue 1972 used Plymouth Duster for $500 at age 16. All my rides were great and rode them a long time, before my next used car. New cars suck, at least their retail prices.
At some point, that's not going to work. How can they survive with so many cars sitting so long? Don't they have to pay for the floor plan after 90 days?
Let them fall. I went and tried to score a deal on a F150 yesterday. They didn't even wanna try to sell it to me. They had it marked down 12k for hail damage but im still not gonna pay 49k for a fuckin truck WITH hail damage.
These corporations and real estate agencies are still living in 2021 and think there's a new bunch of suckers around the corner. They're all going to have a rude awakening soon.
@@charlesli6751 The main place people are getting the money for overpriced vehicles is from the $200k to $500k or more free house equity money they they got from the Fed's asset inflation program of 2020 to 2022. They don't care if they overpay when they never worked for the money.
Yup. Our family has three drivers and three cars. The newest vehicle is a 2014 with 165,000 miles on it. The other two are a 2007 and 2001. I will NOT buy a new car at these bizarre prices. If we have to buy an engine for $4k, we will put an engine in one.
I am afraid they have given up. They are waiting for the corporate head office to drop the price. Until then, there is not much the dealer can do. They cannot sell below cost, otherwise they have to eat the loss.
@@MetaView7sometimes they sell for loss , if it’s under a big corporate dealership and the vehicle is entry level. As the single entry level cars don’t bring much profit , they focus on mass sales or depend on high end cars to cover up the entry level/ base car losses. I got few of my vehicles around 10-15% less than MSRP. Sometimes around year end they just want to hit some numbers and they willing to do some adjustment on entry level cars.
They can always sell at cost because of dealer holdback and you know the dealers never use the full ad budget, like $500 per vehicle to list in local papers, websites, and local TV networks.
back in the early 2000s I bought a new Civic Si that had been on the lot for most of a year and the next years models were showing up. I got a huge discount with hardly even any haggling. I thought that was pretty common practice; I guess not.
It's a couple of years old, it will have massive depreciation the minute you drive it off the lot. Why? It's a low mileage 3 year old car. HARD Pass anywhere near MSRP.
When I was 18 I got a job maintaining fleet vehicles for a local rental car place. Easy stuff, wash, change the oil, stuff like that. When a car sits, things happen. Uncovered tires are baked in the sun start to dry rot. We got a lot of rain and it plays havoc with car electronics after moisture gets in. We had squirrels that loved to hide acorns in engine compartments. Things rust, brake rotors being one of them and just using them not always brought them back to life. I would be extremely cautious buying a vehicle that sat out for more than a year unused and not maintained.
@ slight? Some of these He’s talking about 2022 models. We’re in 2025 in a month. Here’s what will happen. These cars will be in and out of the repair shop over and over. We’re not talking great quality to begin with and you’ve basically let a car sit and sit and sit, nothing really good comes from that. I wouldn’t touch these things at half their inflated prices because it will be in the service department more than your garage. When the warranty goes then what? Don’t think you’ll just dump it before that because nobody wants these and you’ll take a huge loss on depreciation.
The problem began during the pandemic, when the foolish consumer was willing and eager to pay as much as 25% above MSRP, and the auto manufacturers and dealerships took note. The manufacturers and dealerships got fat during the pandemic, screwing over the foolish consumer, now sales are down post pandemic and dealerships wonder why.
How does the Average guy afford these trucks /cars. A 91 K truck .... plus interest ..... My house 20 years was 140K and I honestly thought I paid too much for it.... Borrowed 10k from my Line of Credit for down payment ....It is worth 400k in today's market and I pay 750 month in mortage so why sell and pay 2000 plus plus to rent an apartment ... add on groceries ... today took my small basket in filled it up ..almost 100 dollars ... as a 75 year old man in Canada I actually thought I was middle class a few years ago and like many folks Struggling to get by on my pension. I TRULY would be OK if my house was valued at say 170K today if other folks could afford cars /trucks and be able to buy a home .... I think our world is going to shit and it will get worse .... just an old man of 75 worthless opinion .... Love from Canada to our neighbours .... Roy
Yes sir, it’s truly horrifying what our children and grandchildren will be inheriting. I’m trying to do my part by not going down on my knees. I’ll keep calling out & standing up to these bullies until I’m in the ground.
How do they afford it? Easy, they do financially irresponsible stuff like mortgaging a car for 10 years in order to get a car payment they can "afford".
I drive a 2004 ford crown victoria that my grandma gave me when i was 17. im 28, now still going strong, keep up the oil changes and maintainance 230k miles
They have completely lost their minds. A Stellantis product isn't worth 2/3 of their asking prices. Of course, that's why the vehicles stay on the lot so long. The management of Chrysler/Jeep/Dodge just keeps reaching new lows.
Looked at a 22 300s the other day. They wanted MSRP and I told them no. Then they offered to drop 2500 which again I told them no. The dealer honestly told me if he dropped it any more he would be taking a total lose. I laughed at him and said not as much as I would lose titling a 3 year old vehicle. I will just keep waiting cause my wife's 2014 is paid off and still getting the job done.
There is an old saying in the car business. "First money is best money." That day has come and gone for these dealers. Now they are trying to make up for the heavy cost of their floor plan for which they never will. The market is savvy to dealer GREED!
I once had an almost heated argument with a scummy Subarudealer about an trade-in he was selling "cheap" This was in november of 2004 I think. He showed me the car, I asked him to pop the hood, he did, and after a superfiscial inspection I could tell the viechle had not been to a proper service for at least two years, if not a lot more. The engineroom was extensivly dirty, the oil so thick it had almost the consistency of regular crude oil, the shocks stiff, the battery iffy, the tires bad and the interior was terrible. I told him in a few sentences that the car needed a total overhaul in terms of service, including some new parts, new tires and repairs to the interior. In my mind I knew I could fix some of it myself, and the rest outsource to a handy mechanic living close to me. Then, and only then would the pirchase make sense as a handy 4 wheel drive number two car, mostly for driving in the snow - and only to my own price. I estimated the amount of dollars I would have to sink into the car to make it driveable and safe for a few years forward, added some hundred dollars for general wear and tear and my inconvinience, then subtracted it from the inflated price he wanted and made a bid. He laughed in my face, proclaiming the car was dirt cheap already, had people "interested in it", and it would sell very fast. So he flatly declined. I replied that the car had already been sitting on his lot for the whole summer, and obviously had not peaked that much interest from prospective buyers. He waived me off. Fast forward to may 2005, and I was still looking for that dirt cheap car number two. Against my better judgement, I visited the same scummy Subarudealer, and low and behold the same old cluncker was sitting there, even more worned than before. The same dealer admitted to me when questioned, that the car had been sitting on the lot, in all kinds of weather conditions, since I last looked at it, in november the year before. "So if I buy this today, it will be almost a year total?" I asked. Hi confirmed it, and the MF would STILL not budge on the price he gave me a year before. I concluded that his ego was now on display, and left. Later I heard from a guy I knew that he in the end had sold it that summer for roughly half of what I offered a year before. Meaning what I offered was actually a fair market-price for that car at the time. But it wasnt enough for that greedy bitch. I never went back, and bought my cars elsewhere. Dont know if he is still in business, but I doubt it.
I have three vehicles. The newest one is a 2006 model. I maintain them myself. No car payments, they don’t track me, I don’t need to pay a subscription for heated seats, they don’t require cryptographically keyed replacement parts. I plan on keeping these until the day I die.
Southern Auto Group, owned by Bill Shepherd, is not realistic when they think 2022 and 2023 year models don't need discounting of the MSRP in order to move them. In fact- adding a Market Adjustment is just flat-out crazy! I am sure their Floorplan source has already fully curtailed them, so the dealership has to take money from their Working Capital position to fund them. Plus the rot lot........ Many dealers are glad they made boatloads of profit during 2020-2023 but times have changed and the wise ones are recognizing they need to pay more attention to inventory management and discount their aged units. However, other dealers are just hoping and praying that there are suckers still around that will fall for these over-inflated lot rotting vehicles! Thanks for the solid video Rev Nation.
There is a reckoning coming. I just walked away from being a top master tech.. 24 years wasted, it has only gotten worse over the decades, they make shit and then pay us pennies to repair the shit they make, yet they sell them for way to much.. 1980-1990 you could get a loaded GT mustang for 12-18k, now a damned gt at my dealer starts near 55-60k it is nuts!
It's a shame these dealers are acting out. They're mad at consumers, manufacturers, and finance companies so they're pouting themselves right out of business. I'm happy to see it. They've been robbing their customers for the last fifty years that I've been buying vehicles.
It is surprising that the flooring company didn't seize these cars and force them to be taken to auction. The flooring costs on these cars must have eaten up all and any profit in them, by now.
Keep making these videos to raise awareness. They'll continue until there are people out there uninformed enough to continue putting up with this crap!
Back in the old days, dealers used to have lower markups but higher volume. So they would never leave a car on the lot for that long because that was taking up space that they could use for a more desirable vehicle. Now they are addicted to low volume but huge markups. They probably don't expect to actually sell those 2023's any time soon. They just have them there to give the illusion that things are the same as always. Truth is, they just want to fleece the few people who do go in with good enough credit to buy whatever they are selling.
At best they will either be used as loaner vehicles for warranty purposes since new cars have trash reliability or if really desperate just auction it off.
I work for the main car carrier company that serviced the Brampton Ontario assembly plant that made the charger and challenger. We hauled the last loads out of there over the Christmas holiday before they shut it down and I doubt they’ll be retooling and reopening anytime soon if at all. Still blows my mind that there’s 3 yr old cars on lots.
I will buy a new motor for my vehicle at this point before i recklessly spend 90k on a mew truck that is worth 20k at best. Seems as if someone will lower prices sooner or later to get rid of them. If not them guess they will stay bloated. Makes no differences to me
In 78 I bought a 1975 CJ5 that had sat on the lot for over 2 years, got it for basically a used price, and they put on a new soft top, seats and lockouts on top of the discount. Thats what used to happen to lot queens.
Even around the DFW metroplex when I bought my 23 Toyota Tacoma December of 2022 I had to search eight different dealers inventory to find one that was not charging a market adjustment. The dealer I purchased mine from had a TRD sport and my TRD off-road and they were the only two tacomas they had because they stayed sold out due to not charging ridiculous $. 1 dealer in Plano had 18 Toyota tacomas for sale and every one of them were 3 to 5000 over and it wasn't even add-ons it was just extra money. Mine did have window tint added and paint protection but it was like $280 total and I let them have it because the finance manager didn't like it when I got in the office and wrote a check. He wanted to finance me through somebody so he could get a kick back and after I broke out the checkbook and didn't buy any extra warranties it was all he could do to be cordial 😅
Gotta love it man. I would expect anything different. I paid cash for a Ford Maverick and the salesman looks at me and says “great, now I don’t get my $50” . I wanted to walk out tbh, probably should have. How are you liking your truck?
I bet he isn't selling vehicles anymore with that technique...it isn't a sellers market anymore...all these manufacturers are overpricing vehicles that are unreliable and riddled with recalls. Let them rot on the lot!!😂😂😂
For these 7-800 day cars. Right away I’m thinking brakes rusted to hell, the little gas in the tank is stale, condensation is probably rusting the tank from the inside and even critters making homes under the hood. No way would I even consider them.
In August I bought a 97 Dodge Dakota 3.9 V6 4x4 single cab in green off an estate with 134k on the odo. It had a hard time doing anything, though. No power, stalling, surging, etc. BUT, engine didn't make any noise, and it wasn't leaking anything. A month later, I replaced hoses, fluids, sensors and the truck is smooth as butter. Matter of fact, the little green truck is a tank. I've been offroad with it about 8 or 9 times "for testing" and it takes everything I throw at it. No joke. And without missing a beat. I can't say that for my F150. Seems like everything I take my F150 even down a dirt path I break something. Point is, these new, overpriced vehicles are not built like they used to. This Dakota is sssoooo simple, soooo easy to work on, and it can take a beating...like we should expect ANY truck to.
1:09 - they add a 'market adjustment' upcharge to the window sticker. So we get to pay market rates when it's high. But when the market is Shiite, you still pay more!
The dealerships are not a government monopoly. They do what they do ultimately because people are willing to pay for it. When that stops, they will have to adjust their prices, terms and inventory accordingly.
Oil is a mixture, it breaks down over time. Sorta like Italian Salad Dressing. Sits to long and it separates. The fuel is probably Tar by now. Every mechanical joint is no longer lubed. I let my Cadillac CTS sit for 2 years and it cost me $4K to get it running again.
Another reason why the dealer model is not good for consumers. All auto manufacturers needs to go the direct sale model. I would just want to pay a fair markup, I'm okay with that. What I am not okay is price gouging by the dealers and those charges that dealers add on which is hardly legal but they do it anyway. It used to be MSRP was the maximum dealer can "legally charge" the consumer. It seems, this protection is no longer enforced by the regulators.
Between floor plan expenses, lot costs, lost opportunity costs, and outright depreciation, the profit has long since left these cars . I suspect they keep them around as lures to get certain types of customers to walk on the lot so they can sell them something else. At least that's what I would hope they are doing , other wise it's pure insanity not to have moved them already even at a loss. If I was truly interested in one of these cars , I wouldn't pay a penny over their CURRENT book value . You pay the asking price and you are losing money immediately.
Bought a new Durango a couple months ago. Had a trade. Dealer two blocks from me offer me $21K for my car even though I had a current CarMax offer for $23.5K in hand. Then they wanted sticker for the Durango. Said it was a great deal because it had $5K in rebates. Got online and found one 330 miles away. $23K for the trade. $12K under sticker. $7500 in rebates. Saved nearly $17K when the difference in sales tax is factored in. My Dad taught me how to buy cars. Thanks, Pop. My best deal percentage wise was getting a new $36K Ford Fusion for $22K. That was a deal.
You are the only one I have seen that makes it a point to point out the dealers greed with addendum stickers. Influencers avoid them for some reason, like they are playing the manufacturer only blame game.
The cost is coming from the manufacturer bean counters. Everything costs more because people want luxury, and legislators are making even more requirements (sensors, cameras, etc) So the car makers have realized that instead of making cars cheaper and having more sales, they'll just make the car more expensive and get a higher margin on less sales. To them it doesn't matter if they sell 10 30k cars, or 6 50k cars. To them all it's all just a numbers game.
People might "want luxury" but it's painfully obvious they can't afford it. They need to remember that if they can't provide what customers can afford, someone else will.
@@ahuehuete4703 I agree. Most people want champagne on a beer budget. The unfortunate fact is that, as a whole, people are becoming even more comfortable with taking on large amounts of debt. This is why 6 and 7 year loans are becoming normalized.
That's why these dealers want you to get loans to pay for the vehicles and not pay for the vehicles in cash because they can hide the markups in loans but with cash they can't. Go onto a dealership with cash and no matter what your buying they will treat you like a 2nd class citizen. These dealers make more money with loans not only for the markups but also because most of the time they own the finance company that's loaning the money.
49,000 dollars for a 2 year old Tacoma. 🤣🤣🤣🤣🤣 Who ARE these people that are paying 50K for a light pickup truck? Anyone that would pay that is congenitally stupid. LOL
I am looking for a minivan but I will simply not pay the prices they have. Its depressing because I will happily pay a reasonable price for one - I was looking for an AWD 8 seater Sienna - the only one that has both specs is the base level LE spec. I cannot find a single dealer who will sell me one - they keep trying to sell me a much higher spec one without AWD and that only seats 7. I keep asking them to just order from home base and they keep telling me toyota doesn't work that way. I am pretty sure I will just buy a late model dodge caravan and just keep it for as long as prices are ridiculous for new minivans.
It's like those ebay sellers who put an absurd price on something and just leave the listing up, waiting for a sucker. Plus these cars may no longer be eligible for new-car financing rates and have to be financed at used-car (higher) rates.
Thanks for the heads up. The greed in the last decade has destroyed our lives. Nobody NEEDED to increase prices in 2020. Big business was doing FINE. This is NUTS!
My Friend went to trade in his 2 year old Ford truck last weekend. That was 78k when he bought it.The dealer told him it was only worth 47k on trade he asked them you have the same truck in a different color for 70k.The sales man told him the Ford dealership has to make at least 40k on trade ins it's the new policy.
You nailed it good sir. Only a fool would buy a car that has sat for three years. The oil and the fuel in that vehicle would have broken down so badly one start and that engine is toast.
Hate to be a conspiracy theorist but, what if these car companies have gotten together and made the decision to price their vehicles at an inflated price and that’s too bad for the customer. They’ll just sit on inventory until it eventually sells (at the price they want) . They got used to that big money during COVID and they’re not going back. I honestly believe they are prepared to “wait it out” until they get what they want. They’re prepared to lay off workers and tell shareholders business is down, sorry no dividends.
So has the maintenance been done on some of the senior vehicles? Oil changes after so long sitting. Starting and letting warm up once/twice a week? Checking battery? Hmmmmmm
I started looking for a new car about 1.5-2 years before I actually bought mine.. I found the only dealer in town that was willing to go to bat and bring the price down was BMW. Needless to say, I found cars sitting at the dealership for more than a year and they won't budge on the pricing. When everything was said and done, I got pretty darn nice ride for the money and all things said, right before interest rates took a hike too. So I saved on the car and the interest!!! BIG TIME - thousands of dollars saved!
@@Livingthedream157 Its not so much about the cost of the car for some of us. It's a long-term, strategy thing for me. So, working with that I came out well ahead of the game. I'm pretty sure it won't for most people though. Guess I got lucky, unless you can fix the car yourself and have the right tools for the job.
3 years ago I bought a 1991 single cab F150 with the 300 ci off of Craigslist for $850. It's not beat up, but was mechanically worn out. Parts are much cheaper than car payments, and I'm not afraid of grocery store parking lots.
It's obviously a buyer's market but for some reason the dealers aren't seeing that. What would I do? I'd sit on my money. I can afford to buy any of them without a loan but why would I want to? People don't become wealthy by making stupid purchases.
Too expensive, too complicated to repair, too stupid. Let em sit.
They should change the name from "dealerships" to stone-walling-ships
Electric cars are like 9 volt batteries. The 9 volt goes bad, buy a new one.
@@joecog8949 An $80k 9v battery you throw in the trash....
yes
My Uncle Has One Of These ~ He Just Had Got It & The Sh!+ Wouldn't Start ~ So I Figured Out His Problem Was A Relay They Had Hidden In The Dumbest Of Places😂
I buy three new pick up trucks for my business every five years. My dealership wanted $330,000! They had $300.00 of “special” air in the tires and other stupid, absolutely useless crap. Upset at this point, I asked the salesman if he wanted to get serious and sell three trucks or if he wanted to keep bullshitting me. He said he would sell them to the next guy that walked in.
The three white Dodge pick ups that I wanted are still sitting on his lot. That was eight months ago. They must’ve run out of stupid people.
I take perfect care of my vehicles. In fact, I would call it exceptional care. I think I’ll just run these another five years and stick the $330,000 in the market, or my business.
Smart plan. Those “specials” are always a scam.
Don't feel bad. I bought a bare bones Jeep Wrangler last year with crank windows and a manual tranny. The dealer dinged me $299 for window etching! They must lie awake at night trying to figure how to get every last nickel from us.
By them time you will need 3 new trucks(If you do keep them for the extra 5 years, you will be able to get them for 165,000. Make sure you find that salesman that tried to bullshit you. By that time, he will kiss your ass to sell a vehicle for half off.
❤❤❤❤❤❤
Costco has nitrogen air stations for free.
Crazy. Wouldn’t pay anywhere near MSRP for a car that’s been sitting around outside for 3 years. That’s a used car now!
Techno junk bucket now.
Maybe they let a Scat Pack sit at too high a price, because if you lower it, you lower everything else too? Maybe they sold 10 others at that price and made tons of money on them? They don't want to lose their pricing power.
How is it used if the internals are still clean? Maybe change the fuel lines
I wonder, does this dealer throws birthday parties for these vehicles?
Hahaha that’d probably help sell them ha
Top comment
The paint will start flaking off soon.
It was only eight days from retirement, then some fool bought it.
lol. Dang😢
I often said that there would be a breaking point with new vehicle prices and these prices make it impossible for the average person to buy. The auto industry has priced itself out of business.
It is not the original equipment manufacturer; the dealers are the renegades. It took me until I was about 45 years old to understand the how dealerships jack up the price on automobiles. I bought a Tesla and I did not pay for BS add-ons.
@CasperChicago it's both. Greed will be the down fall. The vehicles are 25k and higher over priced. That's a lot of hands raping the people.
There's been talk in the Ford camp that they are looking at letting consumers buy directly from the factory and just use dealership as repair shops because of the way jack up the price of new vechials.
@@CasperChicago MSRP 70K + Dealer Add-ons $5K, if it were $70K or $75K that's too much money. And this is one of the cheaper examples. Ford, GM, Stealantis all have tons of inventory and offering well over $100K. There are only so many fools willing to pay this type of money for a car and I think most of those people either have cars or are on the back side of a 6-7 year note still paying $1K/month with car repairs now coming due. I spent $1100 last year in maintaining one of my 2015 cars. This year another $800 in the other. The 2012 gets $300. And I will keep doing that until car prices crash. US auto market has completely miss-read the consumer. The government can only save them but so long - unlike last time, this time public sympathy will be hard to come by. Soon China cars will be coming in from Mexico - they can't ban Mexico - so then what. Greed is their downfall. The market is wide open for the next Honda / Toyota of the early 80's (new, reliable, affordable). I will take that EV from Mexico when it comes. No way on God's good green earth will I spend that type of money for a new car. I will wait until they crash.
@@CasperChicago Dealerships do not set the Monroni sticker price Mfr. does Dealerships put on ridiculous add-on sticker prices that are not part of the nationwide lawfully enforced Monroni Price
I cannot fathom paying these prices. The pandemic has passed. The supply chain is back. The greed tax is still in full swing.
The stimulus checks are gone now too, it was because of those checks that they are having yet another foreclosure/repossession crises and with no checks, no new car sales.
$91K for a truck? WTF!
Try like $120k by the time the gov & bank’s done with you.
I can remember when a new 2000 Volvo VNL660 semi-truck was $98,000. Now they want $91,000 for a new pickup truck???
What have these guys been smoking??? And why aren’t they sharing???🤔
That's what most people pay at the end of getting a 55k truck paid for
Dodge is finished. Ram may survive. Dodge and Ram are blue collar vehicles, many who pay more than they can afford. Also Dodge and Ram drivers are aggressive drivers always tailgating and speeding. It is the owners who killed the brand. The dealers will sell at the highest price to the dumbest buyers. The Challenger and Ram trucks are good vehicles. Just s#itty owners. I had 4 Challengers, 2 SRT’s and 2 Hellcats. I met many idiots at the SRT experience. Twice!
And by the time you have it paid off seven years from now it's worth five grand.
I wanted to buy an SUV this year. I decided to wait 2 to 4 years to see how many dealers will go broke.
My Durango R/T is a 2016. I was poking around my dealer when I was getting an oil change and my winter tires on.
The price to replace my SUV is just not realistic. The sales team was two sad looking guys and the service department was quiet as well.
Not enough fast enough !
@@BryanBrett-q4d Its quick, but not fast, I have removed the R/T and name off the back so no one knows its a V8. It has been a really good SUV brakes and tires, Battery, hose clamp, fresh transfer case oil.
a water pump replaced under warranty years back, I also replaced the back up camera it was destroyed because of all the salt we use in Canada on the winter roads it was a saturday morning job with basic tools got the part from ebay and regular oil changes. A new one is way too much $ so I will keep driving it for as long as I can.
Yep, and they probably will; it's probably just a matter of time. Over 60K for a gas guzzler with 0 utility speaks to insanity.
The going out of business sales, home foreclosures are coming..... Keep your powder dry
Allow the dealerships to be out of business.
The smart dealerships will be the ones going out of business first
People are clueless to the pockets they line in government. Probably the largest lobby around.
That’s the idea.
All these dealerships got tons and tons of free gov't. money during the 'pandemic, so they don't really care.
@@CarlGerhardt1 They are the largest lobby in America. No other reason,not to have direct sales from automotive companies.
I love how they put so much expensive technology in these vehicles that nobody wanted or asked for.
Blame the politicians and the morons who voted them in. No one holds our "representatives" accountable and too many dumb normies to care.
exactly. so many useless shit in cars...
I hate the car buying process.
I just buy used cars. Walk up, expect it and pay cash for it. Yes, used cars are buying someone else problems...maybe. Buying used cars since I got my driving license at age 16. I'm 61 and still buy used cars. Never bought a new car and never will. Just bought a 2016 Jeep Patriot High Attitude with 133,000 miles on it and pay cash for it for $8,500. I ride them until the wheels fall off. This Jeep replace my previous ride which was a 2006 Ford Freestyle which I bought 10 years ago for $4,700. Not a very hard process doing it this way, at least not for me. You fix it, if there is a problem and enjoy your new ride. Been doing this since my first purchase of a Navy Blue 1972 used Plymouth Duster for $500 at age 16. All my rides were great and rode them a long time, before my next used car. New cars suck, at least their retail prices.
Who doesn't.
Feels almost like auto makers are purposely running the industry into the ground.
They want to work less for more profit
I guess they think they will get another government bailout. I doubt it.
@@revnation_auto Sell less and charge a lot more is their business strategy. They may go broke in the end.
At some point, that's not going to work. How can they survive with so many cars sitting so long? Don't they have to pay for the floor plan after 90 days?
More government, aka Americans paying for another auto bailout.
The markups and prices will go as high as stupidity allows it 🤣🤣🤣
The USA is STOCKED full of stupid too
Let them fall. I went and tried to score a deal on a F150 yesterday. They didn't even wanna try to sell it to me. They had it marked down 12k for hail damage but im still not gonna pay 49k for a fuckin truck WITH hail damage.
Don’t buy hail damage cars if you can avoid it. Insurance companies will have a field day with you over time and the resale will be bad.
Wow, what a joke
Thst f150 costs 15k to build....
A new F150 single cab manual should be 29k
These corporations and real estate agencies are still living in 2021 and think there's a new bunch of suckers around the corner. They're all going to have a rude awakening soon.
It's simple: we don't have the money! I am driving a 23 year old Pontiac Vibe right now just to afford to eat!
Maybe YOU don't have the money
You’re leaps ahead of the debt junkies mate. I drive a 2004 Ford Ranger and laugh when I see $100k cars going by.
@@charlesli6751 The main place people are getting the money for overpriced vehicles is from the $200k to $500k or more free house equity money they they got from the Fed's asset inflation program of 2020 to 2022. They don't care if they overpay when they never worked for the money.
@@charlesli6751 Maybe you like throwing your money away on extremely hyperinflation shite.
Yup. Our family has three drivers and three cars. The newest vehicle is a 2014 with 165,000 miles on it. The other two are a 2007 and 2001. I will NOT buy a new car at these bizarre prices. If we have to buy an engine for $4k, we will put an engine in one.
First rule of holes is if you are in one stop digging. Someone should send them a copy of that rule...
Spot on!!
They will sell you an overpriced shovel😢
They use to say the second it leaves the lot it loses its value, well now they are gonna be stuck with these vehicles until they rust.
I am afraid they have given up. They are waiting for the corporate head office to drop the price. Until then, there is not much the dealer can do. They cannot sell below cost, otherwise they have to eat the loss.
@@MetaView7sometimes they sell for loss , if it’s under a big corporate dealership and the vehicle is entry level. As the single entry level cars don’t bring much profit , they focus on mass sales or depend on high end cars to cover up the entry level/ base car losses. I got few of my vehicles around 10-15% less than MSRP. Sometimes around year end they just want to hit some numbers and they willing to do some adjustment on entry level cars.
They can always sell at cost because of dealer holdback and you know the dealers never use the full ad budget, like $500 per vehicle to list in local papers, websites, and local TV networks.
back in the early 2000s I bought a new Civic Si that had been on the lot for most of a year and the next years models were showing up. I got a huge discount with hardly even any haggling. I thought that was pretty common practice; I guess not.
It's a couple of years old, it will have massive depreciation the minute you drive it off the lot.
Why? It's a low mileage 3 year old car.
HARD Pass anywhere near MSRP.
It's been so long, I don't even want one anymore.
These dealerships are playing chicken with the consumers
They don't realize the consumers don't have a steering wheel to turn off the collision course.
The consumer will WIN!!
When I was 18 I got a job maintaining fleet vehicles for a local rental car place. Easy stuff, wash, change the oil, stuff like that. When a car sits, things happen. Uncovered tires are baked in the sun start to dry rot. We got a lot of rain and it plays havoc with car electronics after moisture gets in. We had squirrels that loved to hide acorns in engine compartments. Things rust, brake rotors being one of them and just using them not always brought them back to life. I would be extremely cautious buying a vehicle that sat out for more than a year unused and not maintained.
Those are all great reasons for demanding a discount.
Long term sitting can take a slight toll on a new vehicle but a buyer will still get the full warranty.
@ slight? Some of these He’s talking about 2022 models. We’re in 2025 in a month. Here’s what will happen. These cars will be in and out of the repair shop over and over. We’re not talking great quality to begin with and you’ve basically let a car sit and sit and sit, nothing really good comes from that. I wouldn’t touch these things at half their inflated prices because it will be in the service department more than your garage. When the warranty goes then what? Don’t think you’ll just dump it before that because nobody wants these and you’ll take a huge loss on depreciation.
@@risinbison1106 I think by the time the warranties gone those issues would have happened and been fixed
The tires will be out of round from sitting so long, plus dry rotted....
The problem began during the pandemic, when the foolish consumer was willing and eager to pay as much as 25% above MSRP, and the auto manufacturers and dealerships took note. The manufacturers and dealerships got fat during the pandemic, screwing over the foolish consumer, now sales are down post pandemic and dealerships wonder why.
Not everything is as black and white dear simpleton.
Stealerships needs to go bankrupt and we need to start buying it from the factory.
Cut out the middleman... They would never. It's all about the middleman here in the good ol U S of A.
Start bringing ballons and birthday cards to the dealships for the cars that have been there for over a year. That will make the salesman laugh.
The dealers are just waiting for their “Vintage Car Museum” signs to show up. 😂
Looks like you went to a car museum, 😂 not a dealership fixing to make sales.
Yup.😂
How does the Average guy afford these trucks /cars. A 91 K truck .... plus interest ..... My house 20 years was 140K and I honestly thought I paid too much for it.... Borrowed 10k from my Line of Credit for down payment ....It is worth 400k in today's market and I pay 750 month in mortage so why sell and pay 2000 plus plus to rent an apartment ... add on groceries ... today took my small basket in filled it up ..almost 100 dollars ... as a 75 year old man in Canada I actually thought I was middle class a few years ago and like many folks Struggling to get by on my pension. I TRULY would be OK if my house was valued at say 170K today if other folks could afford cars /trucks and be able to buy a home .... I think our world is going to shit and it will get worse .... just an old man of 75 worthless opinion .... Love from Canada to our neighbours .... Roy
Yes sir, it’s truly horrifying what our children and grandchildren will be inheriting. I’m trying to do my part by not going down on my knees. I’ll keep calling out & standing up to these bullies until I’m in the ground.
How do they afford it? Easy, they do financially irresponsible stuff like mortgaging a car for 10 years in order to get a car payment they can "afford".
They can't afford it. That's how your debt based economy collapses... Good riddance.
lucky i bought a house recenly for 130k its price before covid and all the bs? probably 90k my payment is 1200 bucks......
I was told by a mechanic over 20 years ago, if a new vehicle sat on a dealership lot over 100 days
NEVER EVER BUY THAT VEHICLE
I drive a 2004 ford crown victoria that my grandma gave me when i was 17. im 28, now still going strong, keep up the oil changes and maintainance 230k miles
Smart man!
thanks bro @jd749
They have completely lost their minds. A Stellantis product isn't worth 2/3 of their asking prices. Of course, that's why the vehicles stay on the lot so long. The management of Chrysler/Jeep/Dodge just keeps reaching new lows.
And the dealers had the nerve to oust Tavares because Stellantis wouldn't help them out with the prices.
Prices are out of control. People are finally waking up to this.
We're waking up? Where have you been? We've known car prices were ridiculous for a long time.
Looked at a 22 300s the other day. They wanted MSRP and I told them no. Then they offered to drop 2500 which again I told them no. The dealer honestly told me if he dropped it any more he would be taking a total lose. I laughed at him and said not as much as I would lose titling a 3 year old vehicle. I will just keep waiting cause my wife's 2014 is paid off and still getting the job done.
Yep, 30-40% off and you’d be at what the normal price should be.
There is an old saying in the car business. "First money is best money."
That day has come and gone for these dealers. Now they are trying to make up for the heavy cost of their floor plan for which they never will. The market is savvy to dealer GREED!
greed is a sickeness
You have to make profits to pay your bills, we are all on the same treadmill. Its just business.
@@MrKongatthegates Imagine trying to defend greed...🤡
Greed is undefinable. Stupidity on the other hand . . .
Shrink profit expectations.
Any mark ups, walk off the car collector's lot
I once had an almost heated argument with a scummy Subarudealer about an trade-in he was selling "cheap" This was in november of 2004 I think. He showed me the car, I asked him to pop the hood, he did, and after a superfiscial inspection I could tell the viechle had not been to a proper service for at least two years, if not a lot more. The engineroom was extensivly dirty, the oil so thick it had almost the consistency of regular crude oil, the shocks stiff, the battery iffy, the tires bad and the interior was terrible. I told him in a few sentences that the car needed a total overhaul in terms of service, including some new parts, new tires and repairs to the interior. In my mind I knew I could fix some of it myself, and the rest outsource to a handy mechanic living close to me. Then, and only then would the pirchase make sense as a handy 4 wheel drive number two car, mostly for driving in the snow - and only to my own price. I estimated the amount of dollars I would have to sink into the car to make it driveable and safe for a few years forward, added some hundred dollars for general wear and tear and my inconvinience, then subtracted it from the inflated price he wanted and made a bid. He laughed in my face, proclaiming the car was dirt cheap already, had people "interested in it", and it would sell very fast. So he flatly declined. I replied that the car had already been sitting on his lot for the whole summer, and obviously had not peaked that much interest from prospective buyers. He waived me off. Fast forward to may 2005, and I was still looking for that dirt cheap car number two. Against my better judgement, I visited the same scummy Subarudealer, and low and behold the same old cluncker was sitting there, even more worned than before. The same dealer admitted to me when questioned, that the car had been sitting on the lot, in all kinds of weather conditions, since I last looked at it, in november the year before. "So if I buy this today, it will be almost a year total?" I asked. Hi confirmed it, and the MF would STILL not budge on the price he gave me a year before. I concluded that his ego was now on display, and left. Later I heard from a guy I knew that he in the end had sold it that summer for roughly half of what I offered a year before. Meaning what I offered was actually a fair market-price for that car at the time. But it wasnt enough for that greedy bitch. I never went back, and bought my cars elsewhere. Dont know if he is still in business, but I doubt it.
I have three vehicles. The newest one is a 2006 model. I maintain them myself. No car payments, they don’t track me, I don’t need to pay a subscription for heated seats, they don’t require cryptographically keyed replacement parts. I plan on keeping these until the day I die.
Southern Auto Group, owned by Bill Shepherd, is not realistic when they think 2022 and 2023 year models don't need discounting of the MSRP in order to move them. In fact- adding a Market Adjustment is just flat-out crazy! I am sure their Floorplan source has already fully curtailed them, so the dealership has to take money from their Working Capital position to fund them. Plus the rot lot........ Many dealers are glad they made boatloads of profit during 2020-2023 but times have changed and the wise ones are recognizing they need to pay more attention to inventory management and discount their aged units. However, other dealers are just hoping and praying that there are suckers still around that will fall for these over-inflated lot rotting vehicles! Thanks for the solid video Rev Nation.
There is a reckoning coming. I just walked away from being a top master tech.. 24 years wasted, it has only gotten worse over the decades, they make shit and then pay us pennies to repair the shit they make, yet they sell them for way to much.. 1980-1990 you could get a loaded GT mustang for 12-18k, now a damned gt at my dealer starts near 55-60k it is nuts!
12k in 1980 was almost 50k adjusted for inflation....
they where closer to 6 or 7k in 1980 dont get it twisted inflation isnt the only reason shit costs this much, its company greed as well.....
@@demigod217 well aware i worked for Ford for many years as technician, that comp is shit now.
dealers refusing to deal on new cars. Used cars with "locked" no haggle pricing. AKA no deals. They can all goto hell.
It's a shame these dealers are acting out. They're mad at consumers, manufacturers, and finance companies so they're pouting themselves right out of business. I'm happy to see it. They've been robbing their customers for the last fifty years that I've been buying vehicles.
75,000 for a tundra with an exploding engine. Unreal.
Think I will keep my older cars
It is surprising that the flooring company didn't seize these cars and force them to be taken to auction. The flooring costs on these cars must have eaten up all and any profit in them, by now.
They made 10’s of millions the last few years. Probably paid cash for the cars and getting kick backs from manufacturers.
Keep making these videos to raise awareness. They'll continue until there are people out there uninformed enough to continue putting up with this crap!
There's no way sitting on the lot for 3 years. I would not give no more than 28,900. and still get the 3-year bumper-to-bumper warranty
I would take a 3yr old used car that was maintained over this any day. I can't imagine all the electrical problems that this is gonna have
Those Chargers and Challengers should have been easy to sell, at the right price.
Why? Shit boxes that are forever attached to fatherless activity...
Back in the old days, dealers used to have lower markups but higher volume. So they would never leave a car on the lot for that long because that was taking up space that they could use for a more desirable vehicle. Now they are addicted to low volume but huge markups. They probably don't expect to actually sell those 2023's any time soon. They just have them there to give the illusion that things are the same as always. Truth is, they just want to fleece the few people who do go in with good enough credit to buy whatever they are selling.
At best they will either be used as loaner vehicles for warranty purposes since new cars have trash reliability or if really desperate just auction it off.
How do people know the wires haven't been chewed by rats after 3 years? There's no easy fix for that.
The real rats are behind the dealership windows, eagerly boosting prices in their ever ageing lot stock...
I work for the main car carrier company that serviced the Brampton Ontario assembly plant that made the charger and challenger. We hauled the last loads out of there over the Christmas holiday before they shut it down and I doubt they’ll be retooling and reopening anytime soon if at all. Still blows my mind that there’s 3 yr old cars on lots.
No one wants to pay the prices for what they are and rightfully so. I want one very bad but I refuse to pay their prices.
In USA, ~ 18% of new car buyers have payments >$1000
I will buy a new motor for my vehicle at this point before i recklessly spend 90k on a mew truck that is worth 20k at best. Seems as if someone will lower prices sooner or later to get rid of them. If not them guess they will stay bloated. Makes no differences to me
same here
In 78 I bought a 1975 CJ5 that had sat on the lot for over 2 years, got it for basically a used price, and they put on a new soft top, seats and lockouts on top of the discount. Thats what used to happen to lot queens.
Even around the DFW metroplex when I bought my 23 Toyota Tacoma December of 2022 I had to search eight different dealers inventory to find one that was not charging a market adjustment. The dealer I purchased mine from had a TRD sport and my TRD off-road and they were the only two tacomas they had because they stayed sold out due to not charging ridiculous $. 1 dealer in Plano had 18 Toyota tacomas for sale and every one of them were 3 to 5000 over and it wasn't even add-ons it was just extra money. Mine did have window tint added and paint protection but it was like $280 total and I let them have it because the finance manager didn't like it when I got in the office and wrote a check. He wanted to finance me through somebody so he could get a kick back and after I broke out the checkbook and didn't buy any extra warranties it was all he could do to be cordial 😅
Gotta love it man. I would expect anything different. I paid cash for a Ford Maverick and the salesman looks at me and says “great, now I don’t get my $50” . I wanted to walk out tbh, probably should have. How are you liking your truck?
I felt a little disgusted with myself for paying 25k for a 2 year old CPO Honda in October but these videos make me feel better about it.
I bet he isn't selling vehicles anymore with that technique...it isn't a sellers market anymore...all these manufacturers are overpricing vehicles that are unreliable and riddled with recalls. Let them rot on the lot!!😂😂😂
Have not sat foot on a New Car Dealership in over 20 yrs.........................
For these 7-800 day cars. Right away I’m thinking brakes rusted to hell, the little gas in the tank is stale, condensation is probably rusting the tank from the inside and even critters making homes under the hood.
No way would I even consider them.
So basically, with these mark-ups, you are horribly upside down even before you drive it off the lot...if it will make it off the lot!!!
In August I bought a 97 Dodge Dakota 3.9 V6 4x4 single cab in green off an estate with 134k on the odo. It had a hard time doing anything, though. No power, stalling, surging, etc. BUT, engine didn't make any noise, and it wasn't leaking anything. A month later, I replaced hoses, fluids, sensors and the truck is smooth as butter. Matter of fact, the little green truck is a tank. I've been offroad with it about 8 or 9 times "for testing" and it takes everything I throw at it. No joke. And without missing a beat. I can't say that for my F150. Seems like everything I take my F150 even down a dirt path I break something. Point is, these new, overpriced vehicles are not built like they used to. This Dakota is sssoooo simple, soooo easy to work on, and it can take a beating...like we should expect ANY truck to.
All you need is a place to live, money to live on, and a vehicle to get you where you need to go and no debt.
It's a lot cheaper to fix the beater than to buy a new piece of junk that will be worth nothing by the time it is paid for.
1:09 - they add a 'market adjustment' upcharge to the window sticker. So we get to pay market rates when it's high. But when the market is Shiite, you still pay more!
I have been in the market for four years waiting for reasonable prices but now quality is the main concern. We'll see what 2025 brings.
Going through the four stages of grief, acceptance is coming.
The dealerships are not a government monopoly. They do what they do ultimately because people are willing to pay for it. When that stops, they will have to adjust their prices, terms and inventory accordingly.
Considering floor plan, how could a dealer even afford to have a car sit, unsold, for over 2 years?
Oil is a mixture, it breaks down over time. Sorta like Italian Salad Dressing. Sits to long and it separates. The fuel is probably Tar by now. Every mechanical joint is no longer lubed. I let my Cadillac CTS sit for 2 years and it cost me $4K to get it running again.
Learn how to store a car. Not rocket science😂
Another reason why the dealer model is not good for consumers. All auto manufacturers needs to go the direct sale model. I would just want to pay a fair markup, I'm okay with that. What I am not okay is price gouging by the dealers and those charges that dealers add on which is hardly legal but they do it anyway. It used to be MSRP was the maximum dealer can "legally charge" the consumer. It seems, this protection is no longer enforced by the regulators.
The battery will go out of warranty before it starts the engine again...assuming the engine hasn't seized up 🙄😖
Between floor plan expenses, lot costs, lost opportunity costs, and outright depreciation, the profit has long since left these cars . I suspect they keep them around as lures to get certain types of customers to walk on the lot so they can sell them something else. At least that's what I would hope they are doing , other wise it's pure insanity not to have moved them already even at a loss. If I was truly interested in one of these cars , I wouldn't pay a penny over their CURRENT book value . You pay the asking price and you are losing money immediately.
Create an artificial “market shortage” and the idiots will come running and pay anything.
Bought a new Durango a couple months ago. Had a trade.
Dealer two blocks from me offer me $21K for my car even though I had a current CarMax offer for $23.5K in hand. Then they wanted sticker for the Durango. Said it was a great deal because it had $5K in rebates.
Got online and found one 330 miles away. $23K for the trade. $12K under sticker. $7500 in rebates.
Saved nearly $17K when the difference in sales tax is factored in. My Dad taught me how to buy cars. Thanks, Pop. My best deal percentage wise was getting a new $36K Ford Fusion for $22K. That was a deal.
Might as well put them in a museum for future generations of car executives to ponder.
You are the only one I have seen that makes it a point to point out the dealers greed with addendum stickers. Influencers avoid them for some reason, like they are playing the manufacturer only blame game.
They are proud of all their new vehicles.
There should be a 15% discount off of the MSRP for every year a new Vehicle is on the lot.
The transmission fluid is hardening on all these cars sitting there for years.
Stealerships have always been a ripoff... Now they're going next level
seems intentional.
The cost is coming from the manufacturer bean counters. Everything costs more because people want luxury, and legislators are making even more requirements (sensors, cameras, etc) So the car makers have realized that instead of making cars cheaper and having more sales, they'll just make the car more expensive and get a higher margin on less sales. To them it doesn't matter if they sell 10 30k cars, or 6 50k cars. To them all it's all just a numbers game.
People might "want luxury" but it's painfully obvious they can't afford it. They need to remember that if they can't provide what customers can afford, someone else will.
@@ahuehuete4703 I agree. Most people want champagne on a beer budget. The unfortunate fact is that, as a whole, people are becoming even more comfortable with taking on large amounts of debt. This is why 6 and 7 year loans are becoming normalized.
@@ahuehuete4703"Luxuries" like rear view cameras, tire pressure monitoring, and 50 airbags are all mandated by law.
That's why these dealers want you to get loans to pay for the vehicles and not pay for the vehicles in cash because they can hide the markups in loans but with cash they can't. Go onto a dealership with cash and no matter what your buying they will treat you like a 2nd class citizen. These dealers make more money with loans not only for the markups but also because most of the time they own the finance company that's loaning the money.
49,000 dollars for a 2 year old Tacoma. 🤣🤣🤣🤣🤣 Who ARE these people that are paying 50K for a light pickup truck? Anyone that would pay that is congenitally stupid. LOL
I am looking for a minivan but I will simply not pay the prices they have. Its depressing because I will happily pay a reasonable price for one - I was looking for an AWD 8 seater Sienna - the only one that has both specs is the base level LE spec. I cannot find a single dealer who will sell me one - they keep trying to sell me a much higher spec one without AWD and that only seats 7. I keep asking them to just order from home base and they keep telling me toyota doesn't work that way.
I am pretty sure I will just buy a late model dodge caravan and just keep it for as long as prices are ridiculous for new minivans.
It's like those ebay sellers who put an absurd price on something and just leave the listing up, waiting for a sucker. Plus these cars may no longer be eligible for new-car financing rates and have to be financed at used-car (higher) rates.
3 years sitting = lot rot. Will need new wheels for sure.
Think about the mice and elements over time. Those things will have nothing but problems. Could have been sold long ago if they weren’t such crooks.
@revnation_auto all I can think of is rodents eating through every electrical wire in that thing!
Thanks for the heads up. The greed in the last decade has destroyed our lives. Nobody NEEDED to increase prices in 2020. Big business was doing FINE. This is NUTS!
My Friend went to trade in his 2 year old Ford truck last weekend. That was 78k when he bought it.The dealer told him it was only worth 47k on trade he asked them you have the same truck in a different color for 70k.The sales man told him the Ford dealership has to make at least 40k on trade ins it's the new policy.
You nailed it good sir. Only a fool would buy a car that has sat for three years. The oil and the fuel in that vehicle would have broken down so badly one start and that engine is toast.
Dealerships need to disappear. Not a Tesla fan but they have the right business model
Hate to be a conspiracy theorist but, what if these car companies have gotten together and made the decision to price their vehicles at an inflated price and that’s too bad for the customer. They’ll just sit on inventory until it eventually sells (at the price they want) . They got used to that big money during COVID and they’re not going back. I honestly believe they are prepared to “wait it out” until they get what they want. They’re prepared to lay off workers and tell shareholders business is down, sorry no dividends.
Yes,
To ruin all the jobs, thus creating more folks dependent on the state.
How does one tell how long a vehicle has been on lot?
Car edge is a good website to check out
So has the maintenance been done on some of the senior vehicles? Oil changes after so long sitting. Starting and letting warm up once/twice a week? Checking battery?
Hmmmmmm
I started looking for a new car about 1.5-2 years before I actually bought mine.. I found the only dealer in town that was willing to go to bat and bring the price down was BMW. Needless to say, I found cars sitting at the dealership for more than a year and they won't budge on the pricing. When everything was said and done, I got pretty darn nice ride for the money and all things said, right before interest rates took a hike too. So I saved on the car and the interest!!! BIG TIME - thousands of dollars saved!
You’ll need the savings for repairs and maintenance, LOL!
@@Livingthedream157 Its not so much about the cost of the car for some of us. It's a long-term, strategy thing for me. So, working with that I came out well ahead of the game. I'm pretty sure it won't for most people though. Guess I got lucky, unless you can fix the car yourself and have the right tools for the job.
@@Livingthedream157 You'll need the loans for your Toyota fool and then another loan when it breaks
@@Toyotacorollaaltis-cn9fd Huh?
3 years ago I bought a 1991 single cab F150 with the 300 ci off of Craigslist for $850. It's not beat up, but was mechanically worn out. Parts are much cheaper than car payments, and I'm not afraid of grocery store parking lots.
$199 for nitrogen, that’s the salesperson’s commission
I'd walk away fast if that was actually on the sticker.
Considering that regular air is almost 80% nitrogen, it has to be the biggest scam they try to run.
Maybe the dealers are looking for a Trump bailout.
That sounds about right.
I hope Trump doesnt give them a penny
They definitely think he’s going to print money and act like it’s the greatest economy to ever exist.
@4eyefoxbodyfanclub625..FUN FACT: those vehicles have been on the lot since Biden has been POTUS.
Bailout translated into Trumpese is 'TARRIFS'. Otherwise known as 'corporate communism'.
We bought a Charger that was a leftover. All four tires had a split down the face of the tire and needed to be replaced.
It's obviously a buyer's market but for some reason the dealers aren't seeing that. What would I do? I'd sit on my money. I can afford to buy any of them without a loan but why would I want to? People don't become wealthy by making stupid purchases.
I wouldn't buy at these prices and wont until they come down.
You need to understand these are for the .5 % ers surgeons, partner Atty. Family ,CEOs nation wide