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Smart Shopper Purchasing Strategies - Questions & Success Stories
3884 messages, Last post on Apr 08, 2009 at 1:08 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: wtd44 (Feb 25, 2009 2:17 pm)  tidester, host SUVs and Smart Shopper
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Replying to: wtd44 (Feb 25, 2009 2:17 pm) I had the same thoughts last year when I bought a Mitsu. The media had them dead and buried in the US. I took a gamble, got a good price , and they're still here. I think gamblers have a saying "scared money don't win". |
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because it is obvious that the price of cars, especially the big 3, are out of line with what people can/are willling to pay! This is a harsh statement..."I don't think many of the big 3 cars are worth $30K+." A few are, but most are not! Hence, that is just ONE reason of a list of many that is leading to their demise. I've been in the market for a Dodge Charger, Daytona Edition or SRT-8, and although Dodge is offering huge discounts on the cars IMHO their still not worth what their asking. Why do I say that? Well, if the parent company is about to go bust where is the value in the product? It's just not there! I know we "think" we need the big 3 to survive, but the market is FORCING them to reorganize. The government can pour all the money in the galaxy on them, but it will be " pi$$in' on a forest fire"...let it burn! After the "fire" things will slowly become green again...it's has to happen! It'll hurt, but it will get better. In conclusion, the dealerships I've come across are in such denial it's sad and scary. Three of the dealerships are still asking $29-34K for a leftover '08! The cars in 2008 stickered for $39K-41K. Now you say whoa! That's alot off, but actually the MSRP is out of line with what the market WANTS to pay. The correct MSRP is $30-32K, this is more in line with what it's worth...new. Of course, some will pay 39-40K, but MOST haven't and won't, therefore, they've come to this crossroad. Think about it for years the big three ALWAYS have the biggest rebates. Why? Because they weren't moving at their list price. Sure the foreign maufacturers offered rebate, but at most $1K off. Well that's my take on this mess! Of course, it can't be ruled out that I am NUTS for considering a vehicle from a company that could possibly go bankrupt. Hey I like American V-8's!! Not trying to hijack the thread, but I was trying to stay with the flow of the posts.
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Replying to: tidester (Feb 25, 2009 2:55 pm) That uncertainty has been intentionally increased and prolonged for political purposes in my opinion AND it has had an unintended consequence on the automotive market. The Tuesday night oratory included a criticism and indicated support of the US automakers and should increase confidence in their longevity. At least, I hope it does.
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Replying to: wtd44 (Feb 25, 2009 2:17 pm) Stop by your local Accord dealer or Lexus dealer and see if they're giving great discounts in these hard times. Nobody is selling what they were. |
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Replying to: omegagen (Feb 26, 2009 1:19 am) While you may think the car is worh half of its sticker, but there is no way or incentive for dealers to actually offer that price. It's cheaper for them to pay interest (e.g. 10% APR of $37K is $3.7K/year, not $15K you want them to write off) on the inventory than give that to you. What you want is essentially a liquidation sale, where everything trully must go even at big loss. It may happen, not just yet and not necessarily at your levels (think Circuit City prices in first week of their closing sale). If you want a true market price, go with slightly used. |
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Replying to: dino001 (Feb 26, 2009 5:27 am) Dealers who were in good financial shape heading into this mess probably pay that rate to floor their inventory... So, that $30K car is only $82/mo. to keep on the lot... While that adds up over time, it isn't enough to incentivize a dealer to knock an extra $1000 off a car, just to get rid of it... If the manufacturer doesn't add incentives, the dealer pretty much has his hands tied... as far as price.. regards, kyfdx
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Replying to: kyfdx (Feb 26, 2009 8:48 am) |
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Replying to: imidazol97 (Feb 26, 2009 4:51 am) So what are customers to do? Stay on the fence as omegagen proposes? tidester, host SUVs and Smart Shopper |
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anyone in a commissioned sales position give up all their paycheck to anyone who just walked/called in and said "I just want your best price"? Because your 1. Handsome 2. Nice 3. Have been so trampled on by society someone is sure to feel sorry for you. Please do the smart thing.....1. Research, figure out what is both possible, realistic, and reasonable, and then go offer that. The best price is still to high regardless of what we say. Be a smart informed consumer.
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