Dealerships at MSRP vs. Shameful Upchargers
09-22-2021, 03:32 PM
#51
09-26-2021, 11:52 PM
#53
Senior Member
Here up north at the corporate stores on the west coast, the W223s are at MSRP but some smaller non corporate dealers are at 20-40k over msrp
However, we don't get double digit discounts like you do in the states for new generations/high demand vehicles; max 3k or 3% courtesy and loyalty discount
In BC, we also have a 25% tax on vehicles over 150k plus the drama teacher's additional proposed new luxury tax of 20% above 100k pushes the msrp of a decently/well equipped S580 from 180k to 250k CAD, around 200k USD which is unfortunate
However, we don't get double digit discounts like you do in the states for new generations/high demand vehicles; max 3k or 3% courtesy and loyalty discount
In BC, we also have a 25% tax on vehicles over 150k plus the drama teacher's additional proposed new luxury tax of 20% above 100k pushes the msrp of a decently/well equipped S580 from 180k to 250k CAD, around 200k USD which is unfortunate
09-27-2021, 03:57 PM
#54
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09-27-2021, 04:30 PM
#55
Super Member
Sorry to call someone out but his posts are very condescending. One post says he had a great experience with the dealer and in another he said it was a bad experience. The car that he says sucks had a problem with the seat bottom but he knew there was a problem with it before he bought it because it was driven by the dealer for several miles.
09-27-2021, 04:35 PM
#56
Sorry to call someone out but his posts are very condescending. One post says he had a great experience with the dealer and in another he said it was a bad experience. The car that he says sucks had a problem with the seat bottom but he knew there was a problem with it before he bought it because it was driven by the dealer for several miles.
09-27-2021, 04:55 PM
#57
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Thread Starter
Hey guys, to clear up an misunderstanding- I did not go through with the White Plains dealership purchase (previous post), but I did go through with another dealership (Southampton). My review is on the car itself...just my honest opinion...
10-13-2021, 04:00 PM
#58
Senior Member
Mercedes Benz of North Palm Beach is currently charging over MSRP.
Mercedes Benz of Tampa is at MSRP on some models. I believe they are charging over MSRP on the EQS.
I imagine that it's all subject to change depending on the market.
Mercedes Benz of Tampa is at MSRP on some models. I believe they are charging over MSRP on the EQS.
I imagine that it's all subject to change depending on the market.
10-14-2021, 06:56 PM
#59
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2023 GLE3502W, 2024 GLC3002W, 1967 Pontiac GTO 4 sp (for sale)
Our dealer is betting on a used car too. Saw this Corvette yesterday. MSRP $64,405. Just under 8k miles. Asking $97,998.
https://www.mbotw.com/inventory/used...ya2d44m5109216
https://www.mbotw.com/inventory/used...ya2d44m5109216
10-14-2021, 08:54 PM
#60
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2019 S560, 2022 Audi S8
Has anyone heard as to how banks/lenders are reacting to these markups? If a person is buried in upside down debt on a car and wants to trade for a new car, will the banks loan more money based on the upcharged amount, or do they still only over-finance on the original MSRP? Most of the time you can over-finance by as much as 25% if you have great credit, so if a car is at MSRP of $130K, you can borrow around $150K on the car. However if the car is marked up to $150K, then you could hide as much as $50K in an underwater situation.
10-14-2021, 09:22 PM
#61
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AMG GTC Roadster, E63s Ed.1, M8 Comp. Coupe
Has anyone heard as to how banks/lenders are reacting to these markups? If a person is buried in upside down debt on a car and wants to trade for a new car, will the banks loan more money based on the upcharged amount, or do they still only over-finance on the original MSRP? Most of the time you can over-finance by as much as 25% if you have great credit, so if a car is at MSRP of $130K, you can borrow around $150K on the car. However if the car is marked up to $150K, then you could hide as much as $50K in an underwater situation.
Assume the bank will not finance a used car over list price unless it’s a specialty car.
But I feel markups are getting silly.
Our local dealer has a used 21 G63 with 2500 miles. Nice but nothing special. List is $179k. Priced at $285k.
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Ormond2004 (10-15-2021)
10-15-2021, 02:15 PM
#62
I don't get it. All the *****ing about dealers marking up cars over MSRP. The decision to buy a car is always in the hands of the person writing the check. Want a product in short supply? Pay the price. Don't like the price, don't buy it. I would think many of the people that post on this board are in businesses where elasticity of demand determines the price of a product. Not a bit of difference with an S-class MB.
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10-15-2021, 04:22 PM
#63
Super Member
Has anyone heard as to how banks/lenders are reacting to these markups? If a person is buried in upside down debt on a car and wants to trade for a new car, will the banks loan more money based on the upcharged amount, or do they still only over-finance on the original MSRP? Most of the time you can over-finance by as much as 25% if you have great credit, so if a car is at MSRP of $130K, you can borrow around $150K on the car. However if the car is marked up to $150K, then you could hide as much as $50K in an underwater situation.
10-16-2021, 02:32 PM
#64
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I don't get it. All the *****ing about dealers marking up cars over MSRP. The decision to buy a car is always in the hands of the person writing the check. Want a product in short supply? Pay the price. Don't like the price, don't buy it. I would think many of the people that post on this board are in businesses where elasticity of demand determines the price of a product. Not a bit of difference with an S-class MB.
10-17-2021, 01:16 PM
#65
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2019 S560, 2022 Audi S8
On new cars dealers usually expect a check for the ADM if the car is financed.
Assume the bank will not finance a used car over list price unless it’s a specialty car.
But I feel markups are getting silly.
Our local dealer has a used 21 G63 with 2500 miles. Nice but nothing special. List is $179k. Priced at $285k.
Assume the bank will not finance a used car over list price unless it’s a specialty car.
But I feel markups are getting silly.
Our local dealer has a used 21 G63 with 2500 miles. Nice but nothing special. List is $179k. Priced at $285k.
10-17-2021, 01:34 PM
#66
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Mercedes/Mazda/Genesis
Last edited by js_cls; 10-17-2021 at 01:37 PM.
10-18-2021, 10:56 AM
#67
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2020 S560 Sedan, 2019 SL450, 2019 E450 Luxury Trim Wagon, '24 BMW I7 on order...
This is fairly common with G-Wagons, it isn’t just any used S or GLS, the G-Wagon market is a completely different ball game. Similar to that of the Porsche 911, or Chevy C8 Corvette, the market for these cars, new and used is running hot. Mixed in with the higher resale value and lower production numbers, as well as the already 2-year long waiting list and V8 suspension, dealers are charging over sticker whether new or used, and easily selling them too.
10-18-2021, 11:22 AM
#68
Member
However, is there a fine line being crossed here - approaching a price gouging situation? When we had hurricane sandy, gas stations tried to hike the price of gasoline to absurd levels, and that was stopped by the state and local governments.
Sure - they were raised a bit due to the inability to supply the stations, but the gouging happened as they tried to maximize the temporary profiting off of a tragedy.
Is that not what the dealerships are doing now? Not giving discounts off MSRP would be meeting supply demand issues. As leases come due for return - cars are a necessity. How are cars not subject to the same imposed rules on gouging?
The state and local (and I believe federal) stopped price gouging on PPE during the pandemic. Private buyers were not allowed to hoard or sell for significantly more than "msrp" of those masks.
Comments above are quite right - that if everyone would simply refuse to purchase a car at over MSRP - the prices would come down from these artificial highs. Would the same logic apply to milk and eggs if grocery stores decided to sell a gallon of milk for $90?
10-18-2021, 12:19 PM
#69
Was at Fletcher Jones in Newport Beach last week and they told me that they “easily” get $100K over MSRP for “any” new G-Wagon. Frankly, I have never cared for them and really feel they are bought way more as status symbols and fashion accessories than for the driving experience they actually deliver.
10-18-2021, 03:57 PM
#70
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10-18-2021, 05:41 PM
#71
Not worse. Exactly the same. It started first with Patek though. Rolex just followed what was already happening with Patek.
10-18-2021, 08:47 PM
#72
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No more MB:(
Originally Posted by Rockland
Not worse. Exactly the same. It started first with Patek though. Rolex just followed what was already happening with Patek.
10-18-2021, 10:45 PM
#73
10-18-2021, 11:35 PM
#74
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No more MB:(
Originally Posted by Rockland
The whole world has gone crazy, you walk into an Audemars Piquet store today and there isn’t a single watch available for sale in the entire store. The Security Guard is only being paid to guard the bottles of water and coca cola today.
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