jamanrr
FRF Addict
- Joined
- Jul 10, 2015
- Posts
- 1,098
- Reaction score
- 476
There is no problem, though. If no one bought these vehicles that are marked up, the dealers would lower the price. People are buying them so prices stay up. Market determines the price. That applies to anything. That’s how our almost all of our economy works. If you had a lot full of $100,000 F150s and no one bought them, guess what would happen?
When the old body style GT500 came out, I wanted one and went to look at them. Dealer was asking 12K over sticker. I said “I don’t want to pay 12K over sticker” so I didn’t buy it. Then I went about my day.
What if you had a house that 10 people were willing to pay you a million dollars for but the tax auditors site said it was appraised at 750K, would you sell it to one of the people with a million dollars in hand or the guy saying “but the auditors site suggests it’s worth $750,000 so you should sell it to me for that”?
That isn't what is happening though, Ford (I tend to believe) could be putting more models into the market stream than they are. They are not because they are milking this for all its worth. They are selling Trucks for MSRP plus so they are making more money than they could if they had sent 10 times the amount of trucks to the dealers. Eventually it will be a dealer order model where dealers will be nothing more than boutiques for ordered sales like in the old days where you mail ordered what you want. I am not paying 20-40k mark up on a new Raptor not going to do it. Hell I offered 10k more than MSRP to dealer and they wouldn't take it and honestly I am glad they didn't. When the market stabilizes people are going to be walking away from their 100-120k regular old Raptors and be so upside down that they will never get the money back out of it.
Lets face it there really is no penalty for bad credit just higher rates and larger payments.