G63 Markup discussion
09-23-2021, 06:46 PM
#26
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2015 CLS 550 2015 ML 400 Previous 2020 GLB 250 2019 A 220 2005 ML 350 1989 300 E 2001 SL 500
Dealers can't even keep the deposit unless the dealer can prove it lost money by losing the deal.
On the flip side, dealers can choose to walk away from deals as well. Almost never happens but it does happen.
Getting a lawyer is a waste of time.
It sucks but the OP can either walk away or try to renegotiate with the dealer.
09-23-2021, 08:25 PM
#27
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Well, all I can say is that no car purchase order is binding until the car changes hands. There are plenty of examples of customers ordering cars, signing buyers orders and ultimately walking away.
Dealers can't even keep the deposit unless the dealer can prove it lost money by losing the deal.
On the flip side, dealers can choose to walk away from deals as well. Almost never happens but it does happen.
Getting a lawyer is a waste of time.
It sucks but the OP can either walk away or try to renegotiate with the dealer.
Dealers can't even keep the deposit unless the dealer can prove it lost money by losing the deal.
On the flip side, dealers can choose to walk away from deals as well. Almost never happens but it does happen.
Getting a lawyer is a waste of time.
It sucks but the OP can either walk away or try to renegotiate with the dealer.
Today I received two offers via Carfax indicating that two MB dealers are offering me $143,710 for my '19 G550. Suppose I accept one of the offers, drive my car to that dealership, and then demand $30K more upon my arrival. Think they're going to wave a piece of paper in front of my face and threaten me with legal action if I refuse to honor my commitment? I'm tempted to do this just to see what would happen.
09-23-2021, 09:34 PM
#29
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2015 CLS 550 2015 ML 400 Previous 2020 GLB 250 2019 A 220 2005 ML 350 1989 300 E 2001 SL 500
What makes automobile purchases unique? If buyer agreements are meaningless, they should clearly state "THIS PURCHASE AGREEMENT IS MEANINGLESS"
Today I received two offers via Carfax indicating that two MB dealers are offering me $143,710 for my '19 G550. Suppose I accept one of the offers, drive my car to that dealership, and then demand $30K more upon my arrival. Think they're going to wave a piece of paper in front of my face and threaten me with legal action if I refuse to honor my commitment? I'm tempted to do this just to see what would happen.
Today I received two offers via Carfax indicating that two MB dealers are offering me $143,710 for my '19 G550. Suppose I accept one of the offers, drive my car to that dealership, and then demand $30K more upon my arrival. Think they're going to wave a piece of paper in front of my face and threaten me with legal action if I refuse to honor my commitment? I'm tempted to do this just to see what would happen.
09-23-2021, 09:44 PM
#30
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ReturnoftheG (09-26-2021)
09-24-2021, 07:46 AM
#31
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It's these types of situations that give me pause when I think about directing my children to pursue medical and legal careers. If I were a car dealership I would have a law firm on monthly retainer just because **** happens in their industry that is contentious. So their cost to defend is probably normal course of business and budgeted. If I had a close relative I would certainly challenge beginning with a certified letter to the dealership "if" I were advised that this is clearly a breach of the contract. One would argue that if you incurred legal fees and win then the dealership would potentially be compelled to reimbursee for these fees. The problem with this argument is that if your case is in fact strong enough then the dealership will settle prior to it being heard and then the legal fees are on you. I'm no attorney so I can't say one way or another. You have decision to make based upon how angry you and how principled you are. Unfortunately in business I find myself having to make these decision all to often and they are usually based upon what is most prudent and expeditious, not what is principled. Its tuff when its an emotional buy and then you are forced into removing emotion and making a logical decision. Hence, back to son or daughter attorney and problem solved. Haha.
09-24-2021, 08:42 AM
#32
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Car dealers have been screwing car buyers since Henry Ford, but customary, traditional and standard practices don't imply that dirty dealing is legal. Shoplifting up to $1,000 is now acceptable in CA, but this doesn't mean it's not criminal.
My guess is this dealer wrote purchase agreements at MSRP with a dozen customers for a single allocation with the full intent of lining up competitive bidding when the truck landed. Gs have been selling at MSRP + ADM prices for years. Anyone getting an MSRP deal should be doubtful about its veracity, unless the dealership's GM is your father-in-law.
My guess is this dealer wrote purchase agreements at MSRP with a dozen customers for a single allocation with the full intent of lining up competitive bidding when the truck landed. Gs have been selling at MSRP + ADM prices for years. Anyone getting an MSRP deal should be doubtful about its veracity, unless the dealership's GM is your father-in-law.
09-24-2021, 02:38 PM
#34
Car dealers have been screwing car buyers since Henry Ford, but customary, traditional and standard practices don't imply that dirty dealing is legal. Shoplifting up to $1,000 is now acceptable in CA, but this doesn't mean it's not criminal.
My guess is this dealer wrote purchase agreements at MSRP with a dozen customers for a single allocation with the full intent of lining up competitive bidding when the truck landed. Gs have been selling at MSRP + ADM prices for years. Anyone getting an MSRP deal should be doubtful about its veracity, unless the dealership's GM is your father-in-law.
My guess is this dealer wrote purchase agreements at MSRP with a dozen customers for a single allocation with the full intent of lining up competitive bidding when the truck landed. Gs have been selling at MSRP + ADM prices for years. Anyone getting an MSRP deal should be doubtful about its veracity, unless the dealership's GM is your father-in-law.
I was buying G wagons when they were bought under MSRP....loyal customer, dealership knows it and honors it
But then again, you walk in and ask to buy one, they ask 100K over
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09-25-2021, 07:49 AM
#37
Member
I just had issues with that same dealer with a CPO I purchased from them. Also on another thread about dealer up charging they were mentioned several times. I would get your deposit and go else ware. Hopefully things will get back to normal soon.
09-25-2021, 09:10 AM
#39
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09-25-2021, 09:20 AM
#40
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Yup on the Odyssey forum Honda dealers are charging $2,000 over MSRP for a new minivan. Insane.
09-29-2021, 11:36 AM
#41
Hey guys,
Thanks for the awesome discussion and all of your view points.
What happened was that all of these luxury car manufacturers like RR, Bentley, Lamborghini, Aston Martin entered the market with their SUVs at price points above the G and it caught Daimler with their pants down. No one tested the market for 250k Luxury SUVs. But apparently that market is HOT.
Couple this with a shortage in parts allover the world, plus the G being what it is. Demand outstripped supply. Its just a shame that the dealerships are trying to capitalize on this, or partake in the secondary market. Obviously the secondary marketplace is what it is, I just saw a G sell for 120K over MSRP. Some one paid 300k for a 180K build. Its insane, but wait and see when the G re-enters the US market it will be priced at 200k+ MSRP.
In the end i had two options, one was to go through a lawyer to review the contractual terms and the other was to negotiate a deal with the dealership, so I started to do both at the same time. (Believe it or not we even got a reply from corporate about the status of Dealer markups and their reply was basically "yeah it is what it is") And as many of you said, in the end that contract is really non enforceable in the fine print. All parties can walk away, the buyer can walk away from the obligation of buying the car and the seller can return the deposit without any repercussion. The seller can in theory buy out the car from the buyer, but what these dealerships are doing with the G - Is they essentially place orders on these cars on their behalf in their name. Not in the name of the buyer, therefore its theoretically 'their car' and you can choose to pay or get your deposit back on their car. Now, I'm not saying all dealerships do this, and some of you fine folk have great relationships with their Sales Reps and dealerships where they do place orders for your in your name - but such was not the case with me.
In the end, I came back with a reasonable offer over MSRP, and they accepted. I should be getting in to my car within 2 weeks, it arrives to port in I believe Baltimore at the end of this week. And i think this is either the last or the 2nd to last shipment of Gs to the North American shores until mid 2023.
Crazy market for sure, but as the man above me said "Gs are different"
Thanks for the awesome discussion and all of your view points.
What happened was that all of these luxury car manufacturers like RR, Bentley, Lamborghini, Aston Martin entered the market with their SUVs at price points above the G and it caught Daimler with their pants down. No one tested the market for 250k Luxury SUVs. But apparently that market is HOT.
Couple this with a shortage in parts allover the world, plus the G being what it is. Demand outstripped supply. Its just a shame that the dealerships are trying to capitalize on this, or partake in the secondary market. Obviously the secondary marketplace is what it is, I just saw a G sell for 120K over MSRP. Some one paid 300k for a 180K build. Its insane, but wait and see when the G re-enters the US market it will be priced at 200k+ MSRP.
In the end i had two options, one was to go through a lawyer to review the contractual terms and the other was to negotiate a deal with the dealership, so I started to do both at the same time. (Believe it or not we even got a reply from corporate about the status of Dealer markups and their reply was basically "yeah it is what it is") And as many of you said, in the end that contract is really non enforceable in the fine print. All parties can walk away, the buyer can walk away from the obligation of buying the car and the seller can return the deposit without any repercussion. The seller can in theory buy out the car from the buyer, but what these dealerships are doing with the G - Is they essentially place orders on these cars on their behalf in their name. Not in the name of the buyer, therefore its theoretically 'their car' and you can choose to pay or get your deposit back on their car. Now, I'm not saying all dealerships do this, and some of you fine folk have great relationships with their Sales Reps and dealerships where they do place orders for your in your name - but such was not the case with me.
In the end, I came back with a reasonable offer over MSRP, and they accepted. I should be getting in to my car within 2 weeks, it arrives to port in I believe Baltimore at the end of this week. And i think this is either the last or the 2nd to last shipment of Gs to the North American shores until mid 2023.
Crazy market for sure, but as the man above me said "Gs are different"
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09-30-2021, 10:21 AM
#42
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2021 Night Black Magno G63
How does it affect the enforceability if you have a written contract at MSRP with a PO # in your name and the deposit is non-refundable? Would it then be enforceable since the deposit is not refundable so it's an "official" deal?
09-30-2021, 11:32 AM
#43
MBWorld Fanatic!
A good question for an attorney. The dealer's attorney would probably argue that a non-refundable deposit can't be legally enforced and so it can't be used by the buyer to enforce the purchase contract.
10-01-2021, 10:01 PM
#45
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understandable from dealer , 50% is reasonable in US but maybe on higher side , i paid 33% extra and also i am not happy with it but i just did it because i want this car . compare EU 40% in Euros or Asia 85% extra , US much cheaper so if you can handle it , dont wait , go for it . you will ear money back when you sell it in 2 years ...... good luck .
10-01-2021, 11:22 PM
#46
Congratulations
Hey guys,
Thanks for the awesome discussion and all of your view points.
What happened was that all of these luxury car manufacturers like RR, Bentley, Lamborghini, Aston Martin entered the market with their SUVs at price points above the G and it caught Daimler with their pants down. No one tested the market for 250k Luxury SUVs. But apparently that market is HOT.
Couple this with a shortage in parts allover the world, plus the G being what it is. Demand outstripped supply. Its just a shame that the dealerships are trying to capitalize on this, or partake in the secondary market. Obviously the secondary marketplace is what it is, I just saw a G sell for 120K over MSRP. Some one paid 300k for a 180K build. Its insane, but wait and see when the G re-enters the US market it will be priced at 200k+ MSRP.
In the end i had two options, one was to go through a lawyer to review the contractual terms and the other was to negotiate a deal with the dealership, so I started to do both at the same time. (Believe it or not we even got a reply from corporate about the status of Dealer markups and their reply was basically "yeah it is what it is") And as many of you said, in the end that contract is really non enforceable in the fine print. All parties can walk away, the buyer can walk away from the obligation of buying the car and the seller can return the deposit without any repercussion. The seller can in theory buy out the car from the buyer, but what these dealerships are doing with the G - Is they essentially place orders on these cars on their behalf in their name. Not in the name of the buyer, therefore its theoretically 'their car' and you can choose to pay or get your deposit back on their car. Now, I'm not saying all dealerships do this, and some of you fine folk have great relationships with their Sales Reps and dealerships where they do place orders for your in your name - but such was not the case with me.
In the end, I came back with a reasonable offer over MSRP, and they accepted. I should be getting in to my car within 2 weeks, it arrives to port in I believe Baltimore at the end of this week. And i think this is either the last or the 2nd to last shipment of Gs to the North American shores until mid 2023.
Crazy market for sure, but as the man above me said "Gs are different"
Thanks for the awesome discussion and all of your view points.
What happened was that all of these luxury car manufacturers like RR, Bentley, Lamborghini, Aston Martin entered the market with their SUVs at price points above the G and it caught Daimler with their pants down. No one tested the market for 250k Luxury SUVs. But apparently that market is HOT.
Couple this with a shortage in parts allover the world, plus the G being what it is. Demand outstripped supply. Its just a shame that the dealerships are trying to capitalize on this, or partake in the secondary market. Obviously the secondary marketplace is what it is, I just saw a G sell for 120K over MSRP. Some one paid 300k for a 180K build. Its insane, but wait and see when the G re-enters the US market it will be priced at 200k+ MSRP.
In the end i had two options, one was to go through a lawyer to review the contractual terms and the other was to negotiate a deal with the dealership, so I started to do both at the same time. (Believe it or not we even got a reply from corporate about the status of Dealer markups and their reply was basically "yeah it is what it is") And as many of you said, in the end that contract is really non enforceable in the fine print. All parties can walk away, the buyer can walk away from the obligation of buying the car and the seller can return the deposit without any repercussion. The seller can in theory buy out the car from the buyer, but what these dealerships are doing with the G - Is they essentially place orders on these cars on their behalf in their name. Not in the name of the buyer, therefore its theoretically 'their car' and you can choose to pay or get your deposit back on their car. Now, I'm not saying all dealerships do this, and some of you fine folk have great relationships with their Sales Reps and dealerships where they do place orders for your in your name - but such was not the case with me.
In the end, I came back with a reasonable offer over MSRP, and they accepted. I should be getting in to my car within 2 weeks, it arrives to port in I believe Baltimore at the end of this week. And i think this is either the last or the 2nd to last shipment of Gs to the North American shores until mid 2023.
Crazy market for sure, but as the man above me said "Gs are different"
