| Author |
Message |
tommy jones (360mode)
New member
Username: 360mode
Post Number: 23
Registered: 9-2002
| | Posted on Sunday, October 06, 2002 - 8:16 am: | |
talking about insanity - remember when people were paying $200k for a 911 turbo????? my dealer called me the other day telling me he had a new seal gray/black 911 that he would DISCOUNT $5k! |
Noelrp (Noelrp)
Junior Member
Username: Noelrp
Post Number: 75
Registered: 8-2001
| | Posted on Tuesday, October 01, 2002 - 12:08 pm: | |
How about the new MB SL55. The market price for those in Southern Cal is $220k, that's $100k over sticker! You've gotta be insane to buy it @ that price. |
Jason Godsil (Godsil)
Junior Member
Username: Godsil
Post Number: 136
Registered: 9-2001
| | Posted on Tuesday, October 01, 2002 - 2:06 am: | |
I just looked at a 50th Corvette at a local Washington dealer and the car was on sale for $5000 off. However that was $5000 off the Northwest Market Adjustment, or dealer mark up of $20,000. WOW, a car on sale for only $15,000 over MSRP. |
Don Vollum (Donv)
New member
Username: Donv
Post Number: 24
Registered: 1-2002
| | Posted on Tuesday, October 01, 2002 - 12:34 am: | |
In Oregon, you'll often see new cars with "Additional Dealer Profit" (or something similar) listed on the dealer-installed accessory sticker next to the normal window sticker.
I was at a Honda dealership yesterday with my sister-in-law, and she asked what the "Northwest Package" on the accessory sticker was. The salesman replied that it was some sort of clear coat, along with a "market price adjustment." |
Mitch P (Mitchp)
New member
Username: Mitchp
Post Number: 32
Registered: 1-2002
| | Posted on Sunday, September 29, 2002 - 5:04 pm: | |
While I refuse to pay over MSRP, I can't condemn a dealer who won't sell a car without a premium. I have negotiated too many purchase prices to under MSRP to be willing to insist that the MSRP is the only price the dealer can charge. This is a business for the dealer, not a religion. |
L. Wayne Ausbrooks (Lwausbrooks)
Member
Username: Lwausbrooks
Post Number: 351
Registered: 8-2002
| | Posted on Sunday, September 29, 2002 - 1:38 am: | |
In the state of California, dealers can LEGALLY sell new cars for any price they want. The issue with Ferraris, though, is that the dealers have an agreement with Ferrari N.A. that will not allow them to sell new F-cars at over sticker. As others have stated, they get around this by registering new cars to whomever, paying the luxury tax, and transferring the cars back to the dealer to sell as used at astronomical prices to those who don't want to wait for a new car.
The Federal "Monroney Law" which mandates the window sticker that must disclose the "manufacturer's suggested retail price" says nothing about what price a dealer can sell a new car for. That is up to individual states to put laws in place. |
tommy jones (360mode)
New member
Username: 360mode
Post Number: 15
Registered: 9-2002
| | Posted on Saturday, September 28, 2002 - 9:21 pm: | |
in my state (texas), no dealer (not just Ferrari)is allowed to sell over msrp if it is NEW (as martin points out). any car selling over msrp has to have been flipped. on a somewhat related note, no more luxury tax after dec 31 will eliminate a few of the thousands that people always want over sticker, ie, ad says "luxury tax paid". which always cracked me up on something like a boxster, where the lux tax is like $300... |
martin J weiner,M.D. (Mw360)
Member
Username: Mw360
Post Number: 582
Registered: 5-2001
| | Posted on Saturday, September 28, 2002 - 6:49 pm: | |
FNA will not permit F dealerships to charge above MSRP for NEW cars.There are various ways they can get market price on USED cars.(even those with a few miles on it).They can buy "flipped" cars or have a "relative" on the list etc.Those who are willing to wait will pay Msrp.
The msrp on a modena is approx 150k.Add 10k for f1
and a bunch of options the car price can come up to$176k but that is no way "48k above base MSRP". |
John Li (Pchop)
New member
Username: Pchop
Post Number: 18
Registered: 6-2002
| | Posted on Saturday, September 28, 2002 - 4:46 pm: | |
I'm not sure about all dealers, but this is my understanding on the 360 spider. You could be on a wait list for 2-3 years, then once you're up for the next allocation at the dealership, the dealer would offer you $30K for your allocation. If the dealer resells that 360 spider, technically they didn't sell a "brand new" 360 spider above the MSRP; they sold a "second hand" 360 spider with only delivery miles...
On a personal note, back in the 70s, we saw a similar situation where some people were churning Ferrari cars, people were paying 100% above MSRP for new and used F-cars. Then as rule of nature dictates, what goes up, must come down. The F-car market crashed and people who paid 100% markup felt...how should I phrase it: stupid.
|
Matt Lemus (Mlemus)
Junior Member
Username: Mlemus
Post Number: 182
Registered: 8-2002
| | Posted on Saturday, September 28, 2002 - 4:30 pm: | |
Not sure about the MSRP issue. But Ferrari makes some the rare cars, lease only for the first 3 years with the option to buy at the end to keep people from buying them and then reselling for 300% markup. They first started this with the F50. The Enzo is the same. Cash is king for the 360 and the 575 though. |
Devin (Ddd910)
New member
Username: Ddd910
Post Number: 3
Registered: 4-2002
| | Posted on Saturday, September 28, 2002 - 4:17 pm: | |
I went to the Ferrari dealer in Vancouver last week and suprised to hear they have 2 brand new 360 selling at MSRP. They are asking $176us, but from my understanding that is $48k above MSRP.
Are dealers allow to sell new cars above MSRP???
And is it true that you can't cash buy, but only lease a ferrari?? |