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Interesting Video š¤ good points made
People Walking Away From Custom Hellcat Orders
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Iāve been saying for a while that I think youāre going to see a lot of people come to their senses when FOMO wears off before their car shows up.
They will still eventually sell out but itās not going to be at crazy ADM for all of the remaining cars like the dealerships were thinking.
The crap economy hit just at the wrong time.
They will still eventually sell out but itās not going to be at crazy ADM for all of the remaining cars like the dealerships were thinking.
The crap economy hit just at the wrong time.
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Do you think that if enough people backed out and they have inventory sitting, we could renegotiate our purchase for MSRP or below to keep the order? That would be something to leverage in 8-12 months when they finally deliever the car.
I think that it's possible as long as enough people would do it. You get quite a few peep's that are Blessed enough to be paying cash for their Cat's, so interest rates don't apply to them and also just want the car that they are waiting for. I hope that enough people would do it and basically tell the Greedy dealer's to go pack sand and then make them do the right thing because they can't sell their cars!
It probably won't happen but one can Dream!
I like to see them have to wait to sell them and have a lot full too because that's what they get for being so darned Greedy and taking advantage of our current economic situation!
I understand that with an ADM added that they aren't holding a gun to folks heads to make them buy a car but at least be decent about it! Treating a customer the right way now is a Great way to build a long term client and get even more sales by way of referrals. They still make money at MSRP, just not as much as with that free ADM money!
āpack sandāI think that it's possible as long as enough people would do it. You get quite a few peep's that are Blessed enough to be paying cash for their Cat's, so interest rates don't apply to them and also just want the car that they are waiting for. I hope that enough people would do it and basically tell the Greedy dealer's to go pack sand and then make them do the right thing because they can't sell their cars!
It probably won't happen but one can Dream!
I like to see them have to wait to sell them and have a lot full too because that's what they get for being so darned Greedy and taking advantage of our current economic situation!
I understand that with an ADM added that they aren't holding a gun to folks heads to make them buy a car but at least be decent about it! Treating a customer the right way now is a Great way to build a long term client and get even more sales by way of referrals. They still make money at MSRP, just not as much as with that free ADM money!
I had to look that up in the dictionary
āThe term "pack sandā is sometimes used when someone is completely pissed off at someone else. They are hoping and wishing that this said person would experience the most uncomfortable, irritating, violating and very painful feeling up inside their anus cavity Similar to having someone pack beach sand forcefully into their rectum.ā
This makes no sense. The definition makes it like someone else does the packing. But the term itself sounds like you are telling the person (the salesman in this instance) to pack their own rectum full of sand. Which no one would ever doā¦
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Some people will be turned away, not walk away on their own. They were planning on cheap financing forever. Finance companies arenāt so eager to finance these big purchases now. Buyers on the edge are going to have to come up with some cash to put down now. Their payments are going to be much higher. All of a sudden theyāre out of the market.
Bingo. Same things is (and has been) happening in the real estate market. That family that was shopping for their home now has to pay the same mortgage payment, but with accepting a lesser property.
A lot of the high ADM sales offerings also come with high down payments. Take me for example. I can afford to finance a Jailbreak with a high ADM. I absolutely won't do that, but if push comes to shove, I could swing the payments on a no money down, 7-8yr loan. What I can't do is easily afford the 20-30k down payment to cover the ADM plus the added markup and resulting high payment. With any other car, like the C8 I have on order, I can take that 20k and pay down the balance and reduce my payment and/or shorten the term, rather than string it out for 96 months and end up paying tens of thousands in added interest.
Redeyes are cool and all, but they're not worth $120k, $150k, or more.
Redeyes are cool and all, but they're not worth $120k, $150k, or more.
To be honest if youāre buying a $100k car you should have $30k to put down. I totally get what youāre saying though about ADM because who wants to pay interest on ADM also.
It's a figure of speech that has been around a Long time and is a nicer way than telling to go have some anal with themselves (I'm not going to say the curse way because I don't want to go to banned camp or break any forum rules).
If you think that the dealership adding an ADM on top of what I consider to be a substantial amount of money for a Hellcat isn't "doing some packing to the consumer", then you must be one of the peeps who has extra money to give away. Consider the ADM sand and that the dealership is doing some packing too with the ADM. By telling them to keep their car, now you are doing the packing and returning the process!
I might suggest that instead of giving it to the Greedy dealer, that you find a worthwhile charity to donate it to and let it do some good!
PEACE!
15 TorRed Challenger Ordered 23 Sublime REWBJB Ordered 23 Rapid Blue ZL1 1LE
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Are people really financing 100% of any luxury vehicle?
In this instance only a fool would not put down enough to cover taxes, ADM and the immediate depreciation. I wonāt finance more than I could dump the car in a day or two if something terrible happened.
I would assume that anyone with the wherewithal to buy a 100k car would have the wherewithal to pay for it.
I know there will be exceptions but probably not enough exceptions to move the market values. I can however see many of these cars not being taken when the time comes 9-12 months from now because life just can change in that amount of time.
If interest rates go nuts and starts killing deals I could see Chrysler financial offering ādealsā to help the dealers out. If too many cars are not taken a LOT of people will walk away from their down payment to save the ADM and the dealers will take a bath.
In this instance only a fool would not put down enough to cover taxes, ADM and the immediate depreciation. I wonāt finance more than I could dump the car in a day or two if something terrible happened.
I would assume that anyone with the wherewithal to buy a 100k car would have the wherewithal to pay for it.
I know there will be exceptions but probably not enough exceptions to move the market values. I can however see many of these cars not being taken when the time comes 9-12 months from now because life just can change in that amount of time.
If interest rates go nuts and starts killing deals I could see Chrysler financial offering ādealsā to help the dealers out. If too many cars are not taken a LOT of people will walk away from their down payment to save the ADM and the dealers will take a bath.
I'm thinking POUND sand would be more recognizable.
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On a related topic, Iām also in the market for a new pickup. Spoke to a GMC dealer in Houston. She told me they just took delivery of 6 Denali Ultimates and have 5 more on the lot. Told me it was a hot and heavy special ordered vehicle and now everyone is backing out on them. So take it for what itās worth??
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