Question What are you paying too much for (summer 2021 edition)?

[lemondrop9344]

Just assembled a 10' x 10' resin shed at our permanent RV site. I paid more for the lumber & plywood than I did for the shed.

 

[sanda]

Everything I have purchased this year has doubled in price compared to the last couple of years, if I can get it at all. It's like some of the things I see foreign countries going through. I'm afraid 'we ain't seen nothing yet'. The poor and middle class are the biggest losers.

 

["EZ"]

A friend of mine recently went to take delivery of her new Ford Bronco that she had ordered months ago. When she arrived at the dealer another customer was test driving her Bronco. That didn't go over too good and then when the dealer told her the cost was now $30,000 over MSRP she about flipped. He said the people test driving it had made that offer. She had to walk the deal. She contacted an attorney but by the time they got back to the dealer, the Bronco had a new home. This is getting totally out of hand. Why would anybody pay $60-70,000 for a $35-40,000 vehicle.

Your friends mistake was not contracting the Bronco when she first went to buy it. So, technically it wasn't "hers". It belonged to the Dealer and they could sell it to the highest bidder. She should have put down a deposit and signed some papers if she wanted it to be hers. AND she could have locked in the price. I mean who knew the price of vehicles would get so rediculas? But they have. Live and learn..........

 

[Texas Clodhopper]

She did have a signed contract and hidden in the small print, "price subject to change".

 

["EZ"]

She did have a signed contract and hidden in the small print, "price subject to change".

If she had a "signed contract" with that VIN on it they couldn't sell it to anyone else if she wanted it. They could adjust the price due to market conditions, and she could take it or leave it (her choice) but they couldn't just sell it out from under her because somebody offered the dealer more money.

If she went to an Attorney I'm sure he told her the same thing. I've worked at Truck Dealerships for 25 years now. There are laws to prevent dealers from doing what you are describing if your friend did in fact have a signed contract with the VIN of the vehicle on it. I'd be willing to bet she was just upset that the price of the Bronco went up and she didn't realize the price adjustment clause was in the contract. She just didn't want to pay the $30,00 adjustment and I don't blame her. But the dealer was within their right to do so.

 

[Texas Clodhopper]

She did have a signed contract but there wasn't a VIN since the vehicle was not in manufacturing yet. He didn't sell it until she walked away from the $30,000 up charge. I don't blame her or the dealer.

This brings up another question, can you get a loan for a vehicle that is $30,000 over MSRP? Some folks don't have the financial ability to simply write a $30,000 check.

 

[KR1973]

I'm over paying for new Class A. I'm not buying because of any other reason than its finally the right time financially. I just happen to be purchasing my third camper when everyone else decided to. I Got an email Friday that the new camper is in paint and oh by the way, the price is going up 5% regardless of when it was ordered and despite the fact I have a purchase order and confirmation of the price being locked when I ordered it. Take it or leave it. Despite the price increase, its still a decent deal for the times and I don't want to start over.. I'm swinging over a barrel...

 

["EZ"]

She did have a signed contract but there wasn't a VIN since the vehicle was not in manufacturing yet. He didn't sell it until she walked away from the $30,000 up charge. I don't blame her or the dealer.

This brings up another question, can you get a loan for a vehicle that is $30,000 over MSRP? Some folks don't have the financial ability to simply write a $30,000 check.

Yes. If the buyer has good credit the bank will go along...............and take their share of the pie just like the dealer.