There are 35 new Ford Lightning trucks available in my area, MSRP from $68,500 to $101,000. Most are $85,000, I doubt these buyers are desperate and looking for a bargain.
As I mentioned in an earlier post, dealership inventories are growing rapidly, and this should help to eliminate ADP.
When I purchased my Corolla 30 years ago (purchased new) I got a substantial rebate on the order of $1500 from the manufacturer. I think the manufacturer had mailed me a coupon to give me incentive to buy one of their cars. It worked. Are these incentive-rebate coupons still being mailed out by the manufacturers for certain of their make/models?
Best Car Deals and Incentives for July 2023 | Edmunds
I got $1000 customer cash taken off my car that I ordered
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Back in the '70s, I was dating a woman who bought a new Mustang, with the promise of a $500 rebate. A couple of months later, she got a $500 check in the mail. Then, about 30 days after that, she got a second $500 check in the mail. Apparently, Fordās accounting practices werenāt very good in those days.
Coworker friend discovered $80,000 had been deposited into his checking account by his bank, accident. He was in need of immediate cash to purchase materials for a house he was building, but his bank had already refused to give him a loan. So after the mistake, he asked bank for a signature loan, collateral was his checking account balance ā¦ they lent him $50,000 , only to discover later his checking account balance was actually less than $500 ā¦ lol ā¦ he paid it back eventually, strictly to the terms of the loan.
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There have been people that have quickly regretted not returning money that was deposited in error
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Yeah, first no one ever admits to getting a bad deal. They all get good deals. The credit union had an agreement with certain dealers. You go in list the car and options to order with the fleet manager. He takes the cost figure and adds $150 and orders the car. Easy Peasy. Of course you still pay tax and transport. So that was the easiest. Lately though I really could not say what the msrp was. You just make the best deal you can and take it or leave it. The window sticker is irrelevant.
lol ā¦ true enough, rarely do I hear anyone say they got a bad deal on their car purchase. Usually you can get a better deal if you are willing to spend more time negotiating. But most folks would say it isnāt worth it to negotiate more just to reduce the price of the car by $200-$300.
Car salesmen probably get a better deal than the rest of us. Along the same lines, Iāve heard say Real Estate agents usually get more when they sell their own house than when selling somebody elseās house.
I donāt remember which car it was, maybe in 2016, went to dealer one and didnāt like the price. Sat on it for about six months and the deal didnāt get any better. Went to dealer two we talked to at the car show and assured us a great deal. Same price as dealer one, just wasted six months,
They are a better dealer though, Iāll have to say that. Everybody thinks the buyer is holding all the cards and just have to beat them down, but not always the case. Itās a two way street.
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If the real estate agent is the listing agent and/or selling agent they get some or all of the commission. They also know repair folks and can get a pre-sale inspection and repairs at a better price than when an arms length seller is under the gun to correct any deficiencies found during the pre-purchase inspection.