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I was talking to a friend who went into Porsche to see what they could do if we turned in his 911 lease a few months early. They offered him $25k cash to take the car back early because the used car market is so absurd over the residual left on the lease. The used car price is the same as the MSRP was 3 years ago.
Welp, looks like I got burned by the 2021 car market. My Telly arrived today and the dealer informed me they were adding a "market adjustment" of $6k. I told them no and they immediately pivoted to returning my deposit. Given the market conditions, they don't appear concerned about the fact that they never mentioned a markup and said they definitely tell everyone about the markup. I was like "well putting it on the build sheet when you take a deposit is the right way to charge a markup on a special order" but they DGAF.
I'm just not going to pay a markup so the only question is whether it's worth getting worked up about or not.
We have this situation happening daily where I am. Dealers have been plating cars then asking 15-25% more than MRP. And getting it..Yes, a neighbor just traded in his 2017 991S (for a 992S), which he bought CPO'd in 2019. They gave him a little more than he paid for it as a traded in value, and their asking price is currently about $27K more than they offered him. Pre-owned prices are crazy these days.
At least get a little worked up enough to go scorched earth on whatever review sites and buyer surveys you can find.Welp, looks like I got burned by the 2021 car market. My Telly arrived today and the dealer informed me they were adding a "market adjustment" of $6k. I told them no and they immediately pivoted to returning my deposit. Given the market conditions, they don't appear concerned about the fact that they never mentioned a markup and said they definitely tell everyone about the markup. I was like "well putting it on the build sheet when you take a deposit is the right way to charge a markup on a special order" but they DGAF.
I'm just not going to pay a markup so the only question is whether it's worth getting worked up about or not.
Today on Water Is Wet...At least get a little worked up enough to go scorched earth on whatever review sites and buyer surveys you can find.
Changing the price of a car after taking a deposit on the order is beyond ******. Make it clear to any future customers who see your review: don't trust a word these guys say, they will take your deposit and then raise the price on you.
Welp, looks like I got burned by the 2021 car market. My Telly arrived today and the dealer informed me they were adding a "market adjustment" of $6k. I told them no and they immediately pivoted to returning my deposit. Given the market conditions, they don't appear concerned about the fact that they never mentioned a markup and said they definitely tell everyone about the markup. I was like "well putting it on the build sheet when you take a deposit is the right way to charge a markup on a special order" but they DGAF.
I'm just not going to pay a markup so the only question is whether it's worth getting worked up about or not.