[RipRoaring]

So, Im trying to get a 22 SS. ADM is 30k. Yes, its high, but considering its this late in the game, I was willing to pay. Got approved for the 130k loan, but denied because of the car. They would finanly only the MSRP.

So, after calling a few banks, credit unions, it was all no go. None approved. So I call the dealer, told him the case, and that the best I can do is 5k in two weeks when I get paid. I also offered that he just take my trade without paying the 6k he offered (car has a balance of 6k, they offered 13 for it)

I told him that was my final offer, thebest I can do. Now, this car had been "sold" 4 times before iirc, as in, deposit put down, doing papers, but banks backed away, or customer walked away.

During my call, with me telling him about the best offer I can make, he said that he "has to sell me the car". He didnt say I have to BUY the car. So, Im curious, since Q4 is now, is there some rule that they only have x amount of times to take deposits? Or is it that they would lose alloc for Q4 with a SS still on the lot?

Im trying to understand, since obviously, if there is some kind of rule from Dodge like this, then I have the upper hand. This is all speculation, as I'm tired of this process (as in exhausted), and was able to put an order at my local dealership for a 22 (?) JB. Not sure if that will stick...but at least, Im ready to walk away from the 22 SS.

So, any such rules? I even told him, that, basically 5k ADM is a deal I would not accept in his spot, yet, he has not once offered to refund my deposit. Thanks.

 

[MJS73]

There is no rule like that. The dealer knows what he has and will hold out to get it.

 

[RipRoaring]

There is no rule like that. The dealer knows what he has and will hold out to get it.

Its what I thought. Dont know why he is still trying to get me to buy it, when there will be others. We're near NYC, so plenty of people with money...

Thanks

 

[Ace1894]

 

[Slowpoke387]

Even the banks are backing out. Cmon read the room. You are screwing yourself over with the rose colored glasses. Youre also perpetuating ridiculous ADM’s. The reason youre in this siutuation is because lots of people like you will pay them and now everyone is in a big cesspool of self inflicted ridiculousness.
Anyone paying a 30k ADM needs to have their head examined. Not trying to be harsh but youre doing it to yourself. Walk away.

 

[gigabitdo]

Wait to order a 23 SS

 

[Blkout]

Dealer can hold the car as long as they want. They don't have to sell to anyone since they own the vehicle. There are still some untitled 2018 Demon's still sitting in showrooms across the country with ridiculous prices.

 

[south_paw]

I'm in the NYC area. There are no dealers around here that are worthy of your money. Order a Super Stock from one of the 3 dealers on this site offering BELOW MSRP deals. The closest dealer is Koons.

 

[Knuckles]

Wait to order a 23 SS

i totally agree. you can probably get a 23 for msrp or under at koons or cummins. tell your guy to piss up a rope. and why on earth did you put a deposit down?
you’ll get it back but he’ll make you fight for it.

 

[Toad 1]

Imagine paying 30k over sticker....

It is not hard at all to find a "used" 22 with sub 1000 miles for msrp or less

If your bank says they wont touch it, rest assured you are being taken to the cleaners like a fool if you pay 30k over sticker. Not to mention you are screwing over every other sane and logical person who won't play these ADM games by bending over and offering to pay the full ADM. You're just giving the dealer another reason to continue with this stuff....

The ADM garbage only stops when people stop paying, but it seems right now there's no shortage of dumbassery

 

[Bobo]

I don't know any bank or financial institution that will loan more money for an item than the item is worth! Be a car or a house or any other item. If they can not take that item and get their money out of it they will not finance it.

 

[Arabex]

Imagine paying 30k over sticker....

It is not hard at all to find a "used" 22 with sub 1000 miles for msrp or less

If your bank says they wont touch it, rest assured you are being taken to the cleaners like a fool if you pay 30k over sticker. Not to mention you are screwing over every other sane and logical person who won't play these ADM games by bending over and offering to pay the full ADM. You're just giving the dealer another reason to continue with this stuff....

The ADM garbage only stops when people stop paying, but it seems right now there's no shortage of dumbassery

For once the banks are doing him a huge favor by denying anything above MSRP. If there’s someone who will know about market pricing are lenders…

And yes, this whole thing of I need to have it now is what has been screwing many of us who have to fight big time to get a somewhat decent deal nowadays…

 

[Raptor147]

It is almost like you are asking the forum if it it OK to spend an extra 30k for a car. Don't. It is just a car. If you are willing to travel I am sure you can find one for at least sticker. Correct me if I am wrong, but, I doubt anyone on this forum has ever paid 30k over sticker for a Hellcat.....maybe a Demon.

 

[MJS73]

I'm in the NYC area. There are no dealers around here that are worthy of your money. Order a Super Stock from one of the 3 dealers on this site offering BELOW MSRP deals. The closest dealer is Koons.

A fish on the hook is better than a fish elsewhere in the lake.

 

[Xylander]

Instead of paying that 30k ADM, find one in any other state for less, buy it and have it shipped to you. It will only cost $800-$1,200 to have it privately shipped.

But, you'll recall where I warned you about the banks not financing ADMs, so to get a loan on $130k Hellcat, you're going to have to pony up something like a 20-30k down payment. There's lots of cash buyers or at least people willing to pay 50-80k down in the market right now. The ADM cars are not for the average Joe looking to finance. Those dealers are specifically trying to unload them on wealthy and/or people with large cash availability.

 

[cooldawg]

Walk away… Either order with distant dealer or wait for a nice used one to shake loose. This recession is going to last a good long while.

 

[Michigander]

I don't know any bank or financial institution that will loan more money for an item than the item is worth! Be a car or a house or any other item. If they can not take that item and get their money out of it they will not finance it.

Exactly!

Fast forward 5-6 years many will buy high-end EV’s with lots of problems looming. Technology will surpass the bank note term making current car mostly obsolete. The battery will be junk and not worth replacing and people will let the banks repo because their upside down and couldn’t sell outright. Banks will want your skin in the game soon, 20% ish, days of zero down will be only those with highest credit scores. Absorbing AMD.... 😂 essentially mfg finance will do this on upside down trades and their licking there chops if your low credit risk. Manufacturers will be willing finance because they will have to. These lending policies are similar to financing manufactured homes big boats, income property etc.

I’m afraid getting a car will be like swamping out your cell phone at end of contract, essentially renting your car. Killing the American Dream of ownership for many, after all this is the plan, isn’t it?

 

[Bobo]

Exactly!

Fast forward 5-6 years many will buy high-end EV’s with lots of problems looming. Technology will surpass the bank note term making current car mostly obsolete. The battery will be junk and not worth replacing and people will let the banks repo because their upside down and couldn’t sell outright. Banks will want your skin in the game soon, 20% ish, days of zero down will be only those with highest credit scores. Absorbing AMD.... 😂 essentially mfg finance will do this on upside down trades and their licking there chops if your low credit risk. Manufacturers will be willing finance because they will have to. These lending policies are similar to financing manufactured homes big boats, income property etc.

I’m afraid getting a car will be like swamping out your cell phone at end of contract, essentially renting your car. Killing the American Dream of ownership for many, after all this is the plan, isn’t it?

Yep, you will own nothing and be happy!

 

[Big Swede]

Even the banks are backing out. Cmon read the room. You are screwing yourself over with the rose colored glasses. Youre also perpetuating ridiculous ADM’s. The reason youre in this siutuation is because lots of people like you will pay them and now everyone is in a big cesspool of self inflicted ridiculousness.
Anyone paying a 30k ADM needs to have their head examined. Not trying to be harsh but youre doing it to yourself. Walk away.

Especially when you have to finance the entire thing.

 

[Red909]

I was told by the manager at my local dealer that they have two weeks to sell an SRT vehicle that was ordered by a customer who then backed out and did not complete the purchase.