Back when I was selling cars in 1983, we had a seminar where the presenter introduced the concept of “documentation fee.” That’s right, it never was a thing before. We started by charging $25, the customers didn’t complain…now I hear some dealers charge as much as $800 for it. Don’t pay it, I never do. It’s a total scam. It is “blue sky.”
He told us about dealers in New York posting a term on their price stickers: “EDP.” It stands for Extra Dealer Profit.
Then they add the mark-ups. Question: if, as reported, auto mfgs complain about how dealer mark ups are slowing sales a bunch, why don’t they apply a bit of their usual coercion and restrict those add-ons?
And that in a nutshell folks is why it doesn’t matter who or what party is in the White House, it is the various companies themselves that are putting the screws to you monetarily. They will hide behind political parties and scream it isn’t our fault, but yeah it usually is.
Back when the Internet was much younger, I was in the market for a new car. I went Online and looked up all I could find on the car I wanted. I discovered a Site that listed all the Dealer “Codes” and their actual cost, not the cost they are telling you. Loaded for “Bear”, I went in to the Local Dealer and, during our “haggling”, I hit him with the Codes and the actual costs, after finding out how much they were offering for my Trade-In, so he couldn’t just lower that total to “make it up”. I’ll never forget the look on his face when he said “You know our Codes!” ☺
I remember my first trip to a foreign country, in this case, Baja CA, as a young sailor from San Diego, in the mid 70’s. It was my first experience with bartering for goods. I soon got the hang of it and wanted to do it back in the states as well!
We looked at a car on week and came back the next when they were having a “$6000 for any trade-in” sale. The price had gone up $6000 due to an increase in the “dealer preparations and environmental protection” cost.
Businesses have been doing that for ages. If they knew how much something cost to make, and distribute, people would be furious when they saw the price
Zykoic 8 months ago
Pearlized granite undercoating is included at no extra charge on every wheel.
Gent 8 months ago
Eh?
blunebottle 8 months ago
Back when I was selling cars in 1983, we had a seminar where the presenter introduced the concept of “documentation fee.” That’s right, it never was a thing before. We started by charging $25, the customers didn’t complain…now I hear some dealers charge as much as $800 for it. Don’t pay it, I never do. It’s a total scam. It is “blue sky.”
He told us about dealers in New York posting a term on their price stickers: “EDP.” It stands for Extra Dealer Profit.
rockyridge1977 8 months ago
Always an “angle”!!!!
sandpiper 8 months ago
Then they add the mark-ups. Question: if, as reported, auto mfgs complain about how dealer mark ups are slowing sales a bunch, why don’t they apply a bit of their usual coercion and restrict those add-ons?
Mugens Premium Member 8 months ago
And that in a nutshell folks is why it doesn’t matter who or what party is in the White House, it is the various companies themselves that are putting the screws to you monetarily. They will hide behind political parties and scream it isn’t our fault, but yeah it usually is.
rickseg 8 months ago
And don’t forget the custom floor mats. Or in this case axel mats.
Count Olaf Premium Member 8 months ago
He raised the price and then put it on sale for the original one.
rshive 8 months ago
One does what one must. Or wants to.
ChessPirate 8 months ago
Back when the Internet was much younger, I was in the market for a new car. I went Online and looked up all I could find on the car I wanted. I discovered a Site that listed all the Dealer “Codes” and their actual cost, not the cost they are telling you. Loaded for “Bear”, I went in to the Local Dealer and, during our “haggling”, I hit him with the Codes and the actual costs, after finding out how much they were offering for my Trade-In, so he couldn’t just lower that total to “make it up”. I’ll never forget the look on his face when he said “You know our Codes!” ☺
ladykat 8 months ago
Really?
preacherman Premium Member 8 months ago
There’s a lot of that going around. And they wonder why their lots are so full, and buyers are not around.
Frank Burns Eats Worms 8 months ago
He’s made some wholesale changes.
DatsunMan 8 months ago
When did a Ford F150 hit over $70000? Guess Ford raised the F150 prices for the loses on the failed sales of Ford’s EVs.
[Unnamed Reader - 4c87e2] 8 months ago
I remember my first trip to a foreign country, in this case, Baja CA, as a young sailor from San Diego, in the mid 70’s. It was my first experience with bartering for goods. I soon got the hang of it and wanted to do it back in the states as well!
mindjob 8 months ago
Expect the MSRP to go way, way up when EVs are mandated
hooglah 8 months ago
YEP!!!!
zeexenon 8 months ago
Car makers would go broke if they only did that.
Bill The Nuke 8 months ago
We looked at a car on week and came back the next when they were having a “$6000 for any trade-in” sale. The price had gone up $6000 due to an increase in the “dealer preparations and environmental protection” cost.
Fuzzy Kombu 8 months ago
…but then you can have a tremendous sale : 20% off!
mistercatworks 8 months ago
Duh
dragonfury98 8 months ago
must be following Tesla’s pricing model then
tammyspeakslife Premium Member 8 months ago
Businesses have been doing that for ages. If they knew how much something cost to make, and distribute, people would be furious when they saw the price