Lease hacking isn’t in a private bubble - the economic shift post pandemic is impacting everything- cars, groceries, housing, material, gas, etc.
Inventory shortages, supply line issues, inflation, etc, have been discussed at length.
But hacking isnt gone, its just redefined. I’d have never known about the Frontier and 4xe options without LH, and for those and whatever comes next - I’ll be sure to stick around.
Let’s not forget that average new car MSRP in general has gone up significantly to an all time high of $47k now (according to consumer reports). Shortage or not, that’s a big factor.
Yes, but at the same time that’s not reflective of higher MSRP across the same basket of goods.
Consumers began choosing higher trims even before chip shortages which, both those things combined, led to OEMs stopping or suspending production of lower trims.
For example Honda stopped producing the first two trims of the Pilot.
This^. As @max_g points out, Honda as stopped producing lower trims of the pilot. And there are many similar examples. But I think the bigger difference is in what models are produced.
I think to really figure this how much the prices of vehicles have gone up you need to compare say 20 cars and trucks from 2019 to the same models today, removing any models on the list that have been discontinued.
Removing the Fit, Yaris, Fiesta, Sonic etc from the equation has a big impact on the average new car price
I know that Chevy ditched lower trims for certain models (like they got rid of the L and 1LT trims for Blazers for example. 2LT was now the “base”). So while they could say they didn’t raise the price of the Blazer, they effectively did as the cheapest model was now $1,500-2k more expensive.
I was quoted $900-$1100 with no money down for a 2022 BMW X3 and got it on Lease Hackr for $598. This is my first time using LH and I feel like I got a great deal on here. Right? Lol.
This is totally right. This is evident with brokers who say they want to reward “easy” clients. What defines “easy”? It’s certainly not being friendly, good to work with, polite and reasonable. “easy” is defined as being willing to pay up, and that’s about it. Easy is defined as the seller telling the buyer what the price is and the buyer agreeing without hesitation.
Sounds like a dream world for dealers and brokers to me!
Money makes things easier sure however I’ve had clients with unlimited budgets but unrealistic expectations whether it be time, availability or some other metric…
I’ve also had clients who were as sweet and genuinely respectful as can be but with a limited budget who I’ve called in a favor for to get an otherwise unattainable deal done.
The largest benefit IMO of LH Marketplace is to be a no-haggle platform centered around convenience. If customers have to haggle with brokers, that defeats the point for the clients who wanted the ease/convenience of a broker in the first place.
However, if you don’t like any deals, don’t take them.
The beauty of a free market works both ways. Prices go up when demand is excess and go down when supply is excess.
Being nice doesn’t break the rules of supply and demand. However, net net being being nice will probably put you ahead of being a dick over your lifetime.
I once thought this site was setup to allow buyers to get atleast a fair deal, to fix everything that what wrong with the “system” and allow people to get the deal that’s possible for them but is inaccessible due to lack of knowledge, or strategy or just error. I still hope it has some of that spirit is still left.
What I was pointing out is interest in the concept of a broker on this thread that said that customers were not easy in the past and now he’s choosing to prioritize easy customers because in the past, he had customers that fought for a deal and were difficult. As if it’s karma. I found it amusing to hear about this sellers market perspective.
While for every seller there is a buyer, it’s still a sellers market. Sellers (brokers and dealers) have the upper hand and like the brokers on this thread —- they know it and will exploit that. Go through these forums and you’ll see that Leasehackr these days is less about leasing and more about buyouts.
The market place itself has changed what leasehackr is, atleast for now.