I almost bought a new car yesterday.

We pulled into the dealership which was nearly empty, pulled up to a new unit that looked interesting, and checked the sticker price.

It didn't look bad, and we decided to talk to the sales guy and try to make a deal.

They went to look at our car to give a trade in value, and the salesman came back with a deal sheet.

The sticker price was X.

But on the deal sheet the price was X plus 10%.

I said, woah, that's not what was on the sticker. He explained that was the supply chain premium, and all the dealerships were selling above sticker price because it is so hard to get new units in.

I asked if he had a mirror, so I could check and make sure I didn't have "sucker" written on my forehead?

We walked out.

Anybody else dealt with something like that?

SunrayAg said:

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I almost bought a new car yesterday.

We pulled into the dealership which was nearly empty, pulled up to a new unit that looked interesting, and checked the sticker price.

It didn't look bad, and we decided to talk to the sales guy and try to make a deal.

They went to look at our car to give a trade in value, and the salesman came back with a deal sheet.

The sticker price was X.

But on the deal sheet the price was X plus 10%.

I said, woah, that's not what was on the sticker. He explained that was the supply chain premium, and all the dealerships were selling above sticker price because it is so hard to get new units in.

I asked if he had a mirror, so I could check and make sure I didn't have "sucker" written on my forehead?

We walked out.

Anybody else dealt with something like that?

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Yes. Welcome to 2022. Did you ask if you could order one? Most likely you can order one for sticker or a bit lower but then you will wait 3 months to a year depending on the car.

Dealers are going broke. Salesmen are leaving. It's not an attempt to screw you. It's an attempt to survive.

I bought a new truck last year for under sticker price... Does that count as living under a rock?

If you want X plus 10%, put it on the sticker. Don't try to jack it up on paper.

Been the norm for a couple of years. It sucks.

I'm just hoping our two cars get us through this administration.

Otherwise, I'll end up modding my 2 door into a Pursuit Special.

Get used to it. It's a seller's market.

The Toyota dealership near me includes $5k in dealer adds on their $30k dollar cars and vehicles like Tundras come with $7900 in dealer adds.

I purchased a Hyundai two weeks ago and felt I got a fair price with only $2k of add ons and 'market adjustments'.

Just trying to keep my car on the road until 2025. I do not want to buy a car now. Thanks Brandon.

Had similar experience lately. It's just not worth it at this time. If your car is in good mechanical shape, give it a good wash and a good wax and keep driving it. A new set of tires on an older, well maintained vehicle is a better investment at this time.

TAMU1990 said:

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Just trying to keep my car on the road until 2025. I do not want to buy a car now. Thanks Brandon.

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Welcome to my 2 driver / 3 car strategy.
First vehicle - MY 2020
Second vehicle - MY 1999
Third vehicle - MY 2001

I can easily do another 10 years before I need to buy a new car. Especially with Work from Home.

This is the new norm. One of democrats' wet dream is phasing out cars for private citizens, and they're well on their way. Buying cars isn't going to just go back to the way it was.

Been a problem 2 years with no end in sight.

Horrible time to need a new or used vehicle.

And even if you get a new vehicle it will likely need a few repairs that will also drag on endlessly due to parts or personnel issues.

I rode my bike past a Lincoln dealership and decided to check the sticker on a Navigator because I think they are super sexy. Was like $104k if I remember correctly. I am sure it was decked out but F that. I'll just stay with mine for a while. The price honestly pissed me off. I miss how attainable things used to be.

SunrayAg said:

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I bought a new truck last year for under sticker price... Does that count as living under a rock?

If you want X plus 10%, put it on the sticker. Don't try to jack it up on paper.

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Historically they'll put a second window sticker that show the add ons and "Dealer Market Adjustment".

Whenever they came out with the Dodge Hellcat maybe 6-8 years ago, I was talking to the dealer where I was getting some Jeep parts and he told me it was a hundred thousand dollar car.

I said - no way could a Dodge cost a hundred grand and he told me to check the window sticker. Sure enough. It was $70k plus $30k in dealer add ons and market adjustment is what they called it.

I hadn't seen anything that egregious since 2004 when I looked at a Prius in North Hollywood. That dealer put an extra $5k on top to buy one out of his inventory on the lot.

I'd wait if I were you. Things can't stay like this too many more years.

HollywoodBQ said:

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I'd wait if I were you. Things can't stay like this too many more years.

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Yep, the worm will eventually turn. This isn't sustainable.

HollywoodBQ said:

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TAMU1990 said:

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Just trying to keep my car on the road until 2025. I do not want to buy a car now. Thanks Brandon.

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Welcome to my 2 driver / 3 car strategy.
First vehicle - MY 2020
Second vehicle - MY 1999
Third vehicle - MY 2001

I can easily do another 10 years before I need to buy a new car. Especially with Work from Home.

---

Similar strategy...
My 2011 w/ 208k miles is my weekend vehicle
My 2017 w/ 112k miles is my daily driver
Her 2017 w/ 75k miles is her daily driver
Her 2016 w/ 50k miles is her weekend vehicle

If all goes as forecast, we'll both trade in two vehicles each on new ones in the post-Brandon era.

That's not right. They need to take the price tag off then. How would you feel if the grocery store charged you more than the posted price? Or a restaurant more than the menu?

HollywoodBQ said:

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SunrayAg said:

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I bought a new truck last year for under sticker price... Does that count as living under a rock?

If you want X plus 10%, put it on the sticker. Don't try to jack it up on paper.

---

Historically they'll put a second window sticker that show the add ons and "Dealer Market Adjustment".

Whenever they came out with the Dodge Hellcat maybe 6-8 years ago, I was talking to the dealer where I was getting some Jeep parts and he told me it was a hundred thousand dollar car.

I said - no way could a Dodge cost a hundred grand and he told me to check the window sticker. Sure enough. It was $70k plus $30k in dealer add ons and market adjustment is what they called it.

I hadn't seen anything that egregious since 2004 when I looked at a Prius in North Hollywood. That dealer put an extra $5k on top to buy one out of his inventory on the lot.

I'd wait if I were you. Things can't stay like this too many more years.

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Fixed by what? Unless car manufacturers can radically redesign their vehicles or emissions standards are lowered you're not going to see a massive new supply any time soon. Chip shortage ensures that. Additionally new chip foundries that are already on the ground won't be completed for almost 2 years at a minimum. And that doesn't factor anything else knocking world supply chains for a loop. Again.

You're looking 3 years out at a minimum.

aezmvp said:

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HollywoodBQ said:

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SunrayAg said:

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I bought a new truck last year for under sticker price... Does that count as living under a rock?

If you want X plus 10%, put it on the sticker. Don't try to jack it up on paper.

---

Historically they'll put a second window sticker that show the add ons and "Dealer Market Adjustment".

Whenever they came out with the Dodge Hellcat maybe 6-8 years ago, I was talking to the dealer where I was getting some Jeep parts and he told me it was a hundred thousand dollar car.

I said - no way could a Dodge cost a hundred grand and he told me to check the window sticker. Sure enough. It was $70k plus $30k in dealer add ons and market adjustment is what they called it.

I hadn't seen anything that egregious since 2004 when I looked at a Prius in North Hollywood. That dealer put an extra $5k on top to buy one out of his inventory on the lot.

I'd wait if I were you. Things can't stay like this too many more years.

---

Fixed by what? Unless car manufacturers can radically redesign their vehicles or emissions standards are lowered you're not going to see a massive new supply any time soon. Chip shortage ensures that. Additionally new chip foundries that are already on the ground won't be completed for almost 2 years at a minimum. And that doesn't factor anything else knocking world supply chains for a loop. Again.

You're looking 3 years out at a minimum.

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A sharp recession will help bring demand and supply back in balance. I'm not personally wishing for it, but that's where this is headed. All the supply-side interruptions caused by covid, government policies, freak weather events, war, etc -- coupled with artificially high demand caused by loose government fiscal policy and giveaways -- has created this imbalance and resulting inflation.

I could be wrong on the timing, but I expect a reset within two years if not sooner.

CarMax.

MemphisAg1 said:

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HollywoodBQ said:

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I'd wait if I were you. Things can't stay like this too many more years.

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Yep, the worm will eventually turn. This isn't sustainable.

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I feel like there's just too much money to be made by the manufacturer who solves the puzzle first.

Somebody is going to do it and be rewarded handsomely.

aezmvp said:

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HollywoodBQ said:

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SunrayAg said:

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I bought a new truck last year for under sticker price... Does that count as living under a rock?

If you want X plus 10%, put it on the sticker. Don't try to jack it up on paper.

---

Historically they'll put a second window sticker that show the add ons and "Dealer Market Adjustment".

Whenever they came out with the Dodge Hellcat maybe 6-8 years ago, I was talking to the dealer where I was getting some Jeep parts and he told me it was a hundred thousand dollar car.

I said - no way could a Dodge cost a hundred grand and he told me to check the window sticker. Sure enough. It was $70k plus $30k in dealer add ons and market adjustment is what they called it.

I hadn't seen anything that egregious since 2004 when I looked at a Prius in North Hollywood. That dealer put an extra $5k on top to buy one out of his inventory on the lot.

I'd wait if I were you. Things can't stay like this too many more years.

---

Fixed by what? Unless car manufacturers can radically redesign their vehicles or emissions standards are lowered you're not going to see a massive new supply any time soon. Chip shortage ensures that. Additionally new chip foundries that are already on the ground won't be completed for almost 2 years at a minimum. And that doesn't factor anything else knocking world supply chains for a loop. Again.

You're looking 3 years out at a minimum.

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It's hard to say. Remember the floods in Asia about 10-12 years ago that took out all the disk drive manufacturers? That crisis only lasted a year or so.

This chip crisis has been going on for 2+ years now. I'm sure that some manufacturers will have forecasted demand and lead times and construction times against the reward for solving the market crisis first. Plus accommodating growth.

I'm optimistic that it'll get fixed in two years or less, but the other side of the coin is that we're now seeing lead times of 6+ months for computer server hardware in Asia.

I bought a new car this year for MSRP. Not sure what shady dealerships y'all are going to.

HollywoodBQ said:

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TAMU1990 said:

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Just trying to keep my car on the road until 2025. I do not want to buy a car now. Thanks Brandon.

---

Welcome to my 2 driver / 3 car strategy.
First vehicle - MY 2020
Second vehicle - MY 1999
Third vehicle - MY 2001

I can easily do another 10 years before I need to buy a new car. Especially with Work from Home.

---

Sounds like us. We have a
2020 Lincoln Navigator
2005 Lexus 350
2002 Jeep Liberty.

The Liberty has almost 200,000 miles on it. It looks great and is the most fun to drive. We bought it new when our daughter was 16.

The Lexus was my car after I retired and only has about 60,000 miles on it.

The Lincoln we bought mainly for long trips. We moved to Texas in 1991 but still have lots of family in Florida. It has less than 20,000.

Boo Weekley said:

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I rode my bike past a Lincoln dealership and decided to check the sticker on a Navigator because I think they are super sexy. Was like $104k if I remember correctly. I am sure it was decked out but F that. I'll just stay with mine for a while. The price honestly pissed me off. I miss how attainable things used to be.

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A 104k navigator is easily attainable. Just put 1% down, and take out a 10 year car note at 5.5%

Just think of it as the monthly payment, not the total paid for the car. Modern democrat monetary theory!

XXXVII said:

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I bought a new car this year for MSRP. Not sure what shady dealerships y'all are going to.

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What was the car? There are some out there that are not as affected by the supply/demand issue. Also helps if you order.

It's not just the automotive industry doing this.

I deal with the supply chain every day at work, and this has become very common.

Many vendors have added various surcharges to cover "supply chain disruptions". One vendor added a surcharge of 25% per item on the order to cover the fact they quit shipping everything via container ship, and are now bringing it in on cargo planes. So if I order 4 units at $1000 each, they will charge me another $1000 plus probably $150 in freight to ship it to me.

And whatever the media/government says about the supply chain, it is far, far worse. I have multiple orders which are over a year old, and as of last week, are not expected to ship for another 10-20 months.

DrEvazanPhD said:

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Boo Weekley said:

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I rode my bike past a Lincoln dealership and decided to check the sticker on a Navigator because I think they are super sexy. Was like $104k if I remember correctly. I am sure it was decked out but F that. I'll just stay with mine for a while. The price honestly pissed me off. I miss how attainable things used to be.

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A 104k navigator is easily attainable. Just put 1% down, and take out a 10 year car note at 5.5%

Just think of it as the monthly payment, not the total paid for the car. Modern democrat monetary theory!

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We put a chunk down but got our last one for 0% interest 2020. We leased one for 36 months before we decided to buy, but it is so comfortable for long trips. We are empty nesters but have two Australian Shepherds that go everywhere with us.

Ask for the out the door price.


Also, get true car quotes online first before you go in. True car quote doesn't have the mark ups, it gives you MSRP.

Have you seen real estate recently? Nothing goes for list price.

It's freaking nuts. If you want to buy a house then you need to see it the day it is listed because there will be multiple offers, some sight unseen with an as is offer no inspection and certainly no appraisal

This is also a prolonged effect from cash for clunkers. That skewed the used market, and then COVID/chip shortage skewed the new market.

It is all more proof of a life lesson:

"Never vote for, or support, liberalism. From either party. Liberal policies never help, they constantly are a MASSIVE negative.

aezmvp said:

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HollywoodBQ said:

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SunrayAg said:

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I bought a new truck last year for under sticker price... Does that count as living under a rock?

If you want X plus 10%, put it on the sticker. Don't try to jack it up on paper.

---

Historically they'll put a second window sticker that show the add ons and "Dealer Market Adjustment".

Whenever they came out with the Dodge Hellcat maybe 6-8 years ago, I was talking to the dealer where I was getting some Jeep parts and he told me it was a hundred thousand dollar car.

I said - no way could a Dodge cost a hundred grand and he told me to check the window sticker. Sure enough. It was $70k plus $30k in dealer add ons and market adjustment is what they called it.

I hadn't seen anything that egregious since 2004 when I looked at a Prius in North Hollywood. That dealer put an extra $5k on top to buy one out of his inventory on the lot.

I'd wait if I were you. Things can't stay like this too many more years.

---

Fixed by what? Unless car manufacturers can radically redesign their vehicles or emissions standards are lowered you're not going to see a massive new supply any time soon. Chip shortage ensures that. Additionally new chip foundries that are already on the ground won't be completed for almost 2 years at a minimum. And that doesn't factor anything else knocking world supply chains for a loop. Again.

You're looking 3 years out at a minimum.

---

I don't know about 3 years. The automotive industry is going to be hurting enough that they find a solution to speed things up.

The difficult thing is the chips used to make these cars are ancient designs.

manufacturers continue to use them because they are battle tested.

the need could not be farmed out to newer facilities to absorb demand BECAUSE the designs were so old newer facilities could not retrofit to make them.

so either dedicated facilities needed to be made to make these ancient chips OR designs would need to be upgraded.

it sounds like they are going with the dedicated facilities approach.

TAMUallen said:

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Have you seen real estate recently? Nothing goes for list price.

It's freaking nuts. If you want to buy a house then you need to see it the day it is listed because there will be multiple offers, some sight unseen with an as is offer no inspection and certainly no appraisal

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I've owned a sold a couple homes in Texas and the game has always been to price high and negotiate down. This new shift is a new thing for me. Reminded me of when my brother in law was so proud that he won the bid on their first home (in New Jersey). They 'only' paid $30k over asking price and he made it sound like he had won the lottery.

I get the market issue on this. That said, in TX we are forced to go through middlemen for new vehicles, and as far as I'm aware, Ford isn't charging 15-30k over invoice due to the "market" to those dealerships.

zephyr88 said:

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TAMUallen said:

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Have you seen real estate recently? Nothing goes for list price.

It's freaking nuts. If you want to buy a house then you need to see it the day it is listed because there will be multiple offers, some sight unseen with an as is offer no inspection and certainly no appraisal

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I've owned a sold a couple homes in Texas and the game has always been to price high and negotiate down. This new shift is a new thing for me. Reminded me of when my brother in law was so proud that he won the bid on their first home (in New Jersey). They 'only' paid $30k over asking price and he made it sound like he had won the lottery.

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It's a psychological mind ****. You finally find a house you really like and have the money, in cash, but then are struggling to figure out how much over list price to possibly be in contention.