Is anybody in the market for a new car? I was looking at the Kia Sorento. I was blown away when the dealer said there was a 5k markup in the MSRP.
Now is the worst time to buy a car in my lifetime. My next door neighbor bought a Tahoe a year and 11,000 miles ago and traded it in for $7000 more than he paid. That is nutz.
I'm pretty sure this is negotiable, just because he adds a sticker that says market adjustment does not mean people are willing to pay it.Is anybody in the market for a new car? I was looking at the Kia Sorento. I was blown away when the dealer said there was a 5k markup in the MSRP.
I'm pretty sure this is negotiable, just because he adds a sticker that says market adjustment does not mean people are willing to pay it.
My local dealer sent me an e-mail asking me to drop by and see the new models that he now had and I let him know that I would never consider paying an extra market adjustment price and I had never paid MSRP or over in the last 30 years so I'd just wait till prices got back to normal.
I did tease with I'm eager to buy but willing to wait to see what he might offer but never heard back and I'm okay with that.
It does look like they have now removed the market adjustment stickers and want full MSRP and they're moving cars now. When they played that game they sold hardly any cars for about a month, I was checking their inventory on their website every day. My last SUV was purchased at 7K less than MSRP so I'm willing to wait. I'm very very cheap and my current vehicle does not even have 50K miles on it so I'm not desperate.
Just got an email from the dealer I bought from a year ago. They have incentives up to 5K on certain new vehicles. Plus they are selling at MSRP not over but for that price. That doesn't mean you can work them down from that MSRP.
I see they have some Bronco Sports Big Bends for 28K so looks like they aren't trying to gouge just because the supply is down.
I have a friend who ordered the hard top big Bronco a year ago last summer. Thought it was coming off production last month and they told him it wouldnt be ready until May…Chip shortage.
The Lease on my Tiguan is not up for another 2 years, Currently the Mileage is <5000 after 18 months. The value then will most likely offset any markup at the time I need to turn it in.
Check your buyout at the end. You might find buying it at lease end is better than current market pricing.
If so, I will sell it privately and lease another new car, I did that with 3 low mileage leased vehicles in the past. We do not keep used cars, leases today include everything, are relatively cheap, and make for a trouble and hassle free daily drivers. Now the Toy cars are a different story.
If so, I will sell it privately and lease another new car, I did that with 3 low mileage leased vehicles in the past. We do not keep used cars, leases today include everything, are relatively cheap, and make for a trouble and hassle free daily drivers. Now the Toy cars are a different story.
Don’t let the pay off your mortgage crowd see your post.