People Walking Away From Custom Hellcat Orders

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 won’t 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 “deals” 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.

SickToo said:

Cars are a expense. Not a investment. Thought the only good reason to take out a loan for a expense was if you could write off the interest and the depreciation? How do you do that with a luxury car?

Click to expand...

Absolutely! The only one that I want to have believe this car is an investment is my wife. Shhhh.
The second you call something you buy as a toy an investment it becomes no fun!

Srtb said:

Im sorry but i call bullshit on some of this. Nobody who has had a hellcat, or was in the market for a hellcat, then said **** it and ordered a V6. Anyone who was or has ever been seriously in the market for a hellcat is not buying a v6 mopar. stop it

Dodge is not the only brand and if you ordered a hellcat and then the price goes up or the intrest goes up, there are a ton of other cars which are similar enough that you can go get one

Click to expand...

ZL1 1LE loaded with everything I want is 30K less. My dealer couldn’t get one. He wants me to place an order anyway so maybe they get an allocation. He doesn’t want any money down and if the Cat gets cancelled I have backup. He said if I don’t buy it that’s fine they would put it on the floor. No reason not to order it I guess.
Not sure how the Chevy allocations work but he has an SS on the way that when sold they get another allocation?
Can’t hurt I guess but my original backup plan was to look for a used 19 REWB in sublime if this one is cancelled for some reason or the dealer plays any crazy games.
Would NEVER get a wee six.

FreddyG said:

Good points and all True but it doesn't stop it from making it wrong!

Click to expand...

The only “right” way to deal with dealer markups is a free market. To control them other wise is facism at best. If you don’t like it don’t pay it

Dennis H said:

Yep, no law against being a greedy whore.

Click to expand...

What’s wrong with greedy whores?

FreddyG said:

Why pay more than you have to! Do the Hooker's near you have APM's (Additional Pimp Markup's) too?

Click to expand...

Lol. IDK how their pricing structure works but if they did then……?

GOING TO HELL 19 said:

I just don't think HP and torque will be the only reason people will want these things so much over other cars. The looks, sound, rumbling vibration under your ass at full throttle and exhaust smell cannot be duplicated by an EV. That is what will make the Hellcat live on and be popular for decades to come IMO. These cars became legend the day they first came off the line. Not taking a thing away from EVs but they're no substitute. I'm not here to bash faster cars or EV but I will advocate for Hellcats all day lol.

Click to expand...

Agreed!
The SuperBird could not hold a candle to the HC as far as HP goes but a clean one will fetch enough to buy several Cats.
Nostalgia is a powerful drug that EVs will never be able to replace

2ndAmend said:

My wife does lots of horse events. If driving a car is vastly superior to riding a horse, why are so many people still riding horses? And consider, owning and riding a horse is waaay more expensive than a car. And for off road, dirt bikes and 4 wheelers are waaay more reliable and cheaper than a horse, and you are more likely to be crippled or killed by a horse!

Point is, it does not matter that there is something "better" available, what matters is the thrill! And technology will never snuff out the thrill of raw ICE power!

Click to expand...

My Kids showed hunters for years. They are all grown up and now I can finally afford a HellCat. LOL

They apparently aren't selling much at all. Another dealer I saw today had a Rapid blue C8 and Camaro SS also RB both at sticker. Also customers that couldn't/wouldnt pay high interest rates. He said the 5-7% rate were killing them and he hoped Chevy started offering financing deals soon on the high end cars and SUVs because they can't compete with Credit Unions and Lose a LOT of money on cash or outside financing. He also told me they had the C8 sold 4-5 times and the deals keep dying. The other Dodge dealer at 40K ADM for 22s are just out of control and I have no explanation. Maybe its why they have so many HCs on the floor.

Ill PM u

shapiroeric said:

Just a guess.....Mitsubishi sign behind the Sublime....Cortese CJDR Mitsubishi? Rochester NY?....MSRP $83K....Cortese Price $108K

Click to expand...

108 plus
Good eyes! You from around here?

shapiroeric said:

From Buffalo originally but just looked for that Sublime online and saw it at Cortese. And saw the Mitsubishi sign....just some internet sleuthing

Click to expand...

Google strikes again!
Good job
They don’t have the 2 RE white knuckles on their site for some reason

MJS73 said:

Is it surprising that the dealer's floor is covered with the Hellcats and Scat Packs that sell so well? That sell so well they can put ADMs on them? You expected the dealer's floor to be covered with used Darts and 200s? I dropped my Ram off at a dealer for repair yesterday and they had a new '22 standard body (the correct term, BTW) Redeye in the showroom at $10K over sticker. Asked because I didn't see it when I picked up my Ram today. Sold. They had four other Hellcats in the showroom and they expect to have them sold by the weekend.

Click to expand...

Here was another interesting nugget the salesman told me. The dealer is aware that there may not even be a Mopar muscle car available in 24 and if there is it will only be ONE model, the Bashee. He said that customers right now have the opportunity for several different packages Chargers, Challengers HCs, REs,SSs, Scats, Widebody, standard bodies etc. It is far easier to market all those options than one Bashee. It seems they are willing and able to hang on to what they are getting for the long haul and plan to make their $$ over the next couple of years with the ADMs than sell MSRP and sell out immediately. Can't fault that strategy. I don't like it, but I get it. They want inventory for a while

Raptor147 said:

Well, that does make sense. Another poster stated that Dodge was going to concentrate on building SXTs on Q3/Q4 while building the HC and other V8s first. So, let's say that is true. HC and RE are what, less than 10% of total Challenger/Charger production? A buyer goes to a Dodge dealer in September of 2023. Hey, I want to buy a HC. Dealer says they are all sold, but we have a Scat Pack, RT, whatever. Buyer puts head down in disappointment and says, well I guess that Scat Pack will have to do. Once the SCP are gone, then the it trickles down to the RT then SXT.

Click to expand...

There may be a small percentage of people that do that but for the most part someone that wants a HC would probably go used HC or a different performance car before a wee 6. I know I would.

shapiroeric said:

Is the salesman paying the floorplan? Probably not.....Rates aren't going down and there comes a point where the dealer wants to move on....

Click to expand...

No but he has been there a long time. This dealer still has demons and vipers. They can hold out and claim they will. Time will tell. Just like the dealer in OCmotivators new video where the dealer had several new Demons for 300k and all HCs + 50k. They will sit on them until they get it. That being said, there will be deals to be had from other smaller dealers that don’t have the space to waste on one car to sit

Raptor147 said:

Well, since I was not there and my wife is still working on a time machine, I have to resort to my crystal ball to see the past.

Click to expand...

I still just give the old 8 ball a shake

webspinr said:

Lemme guess! "Outlook not so good"

Click to expand...

Hang on, give me a minute and I’ll give er a shake.
Yup first shake says “Better not tell you now” second “ Outlook not so good”
You Nailed it!!!!
I’m thinkin young Eric had a real bad Monday. Lol

80s best decade to grow up in America.

OverTheTarget said:

Back on topic, I had a cheese pizza yesterday. It was delicious.

Click to expand...

Wait…. What were talking about again?