Last post on Jan 26, 2012 at 11:51 AM
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Car Buying, Car Financing, Car Leasing, Car Selling, Car Values, Certified Used (CPO), True Market Value (TMV)
#171 of 180 Re: Considering the present equities crash [kirstie_h]
Aug 10, 2011 (5:49 am)
True, there's no direct connection. However, what impacts one person's personal economics will impact their spending habits & ability/desire to pay full price for something.
To me there's a huge disconnect between micro & macro economics. The micro economics - what's good for me & my personal finances - would have me minimizing spending & debt by bargain shopping and deferring expenses until absolutely necessary. But the macro economic picture - where the automakers & government policy makers live - says we need to spend to churn the dollars through the economy.
The two are in direct opposition to each other and always have been.
I can understand the position that one refuses to pay full price for something because their personal finances are "under attack". That's the micro economic reality that we all live with. The macro economic view from the manufacturer's POV is that supply is down & desirability is up so discounts can be reduced or eliminated.
Personally, I don't count on the macro economic players to look out for my best interests so I'm living with micro economic strategies.
#172 of 180 Re: Considering the present equities crash [fushigi]
by kirstie_h HOST
Aug 10, 2011 (7:52 am)
Well, sure, it impacts spending habits and one's desire to pay full price for something, but it does not, in fact, affect the price that items actually sell for. I never want to pay full price for anything, and I rarely do. This does not mean that a seller of ANY product is obligated to meet my desired price point. My financial situation is of no concern to the manufacturer or to the seller.
Offering 75% of the asking price is unlikely to work, and the selling price definitely unrelated to the buyer's financial situation.
Don't want to pay closer to asking price? Don't buy it. Price won't change until there are masses of consumers willing to let vehicles sit on the lot due to pricing. I don't have a problem with anyone being unwilling to shell out money - I very rarely do myself. But I don't expect items to be cheaper just because I can't or won't pay for them.
There's no connection at ALL between an individual's stock portfolio and pricing on a particular item. If that were true, when the stock market goes up, we'd expect to see, what? Prices paid going up to 120% of MSRP, across the board?
Aug 10, 2011 (6:23 pm)
My mom just bought a 2011 Fiesta.
Dealer would not budge off msrp.
Trade in was an '03 Malibu.
Low mileage, but body was not good .
Not one surface did not have scratches or a crease or a dent.
Edmunds trade in average condition 3100, rough 2700.
Dealer offer was 3200, so we took it.
She did get $500 rebate and $750 private cash offer on top of the trade.
#174 of 180 Invoice Price?
Nov 01, 2011 (3:44 pm)
I was reading a book and it said I could find the dealer's invoice price on edmund's. Does any one know where that is located on this site or some other? Thanks.