MSRP is largely useless metric. Above or below MSRP never meant much, and means even less today. What one should be comparing against is market value.
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What confuses me is that you spent all this time trying to get an info from internet strangers about your deal.
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Why wouldnât you discuss this issue so it is clear to you when signing papers?
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Why wouldnât you call to the dealer and ask them when your check will arrive?
I am not trying to be rude, but this whole thread doesnât make any sense.
If you have questions about the integrity of the party you are dealing with, would you trust the answer given by them?
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This forum has a great reputation for cutting right to the chase, with brutal honesty if necessary. Dealerships do not.
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Where have you seen this? Edmunds target price is $1200 over. I havenât seen any deals posted on LH for '22 with a discount, unless I missed it.
really? where?
You do not do deal if you have questions about the integrity of the party you are dealing with. Especially, you do not blindly sign papers without understanding how the deal is structured. If not sure I will literally ask again twice so there is no âmisunderstandingâ.
I get it if OP forgot to ask when he is getting a check when signing papers, but I would expect any reasonable person to call the dealer to get the info on when the check is coming before posting questions if he was playedâŚ
The same place he got this:
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Hereâs a dealer in South Florida with an internet price discounted over $1k right off the bat.
https://www.cars.com/vehicledetail/6c652f3b-2fdc-4db7-939f-31b29e61b8b5?aff=share_other
In order to accuse the dealer of being dishonest, you need to actually ask them questions first.
OP is looking at the contract now and numbers do not make sense to him. Why this was not addressed with the finance person in the first place? How can you sign papers without understanding the deal?
The most important question is why after NOT asking questions at the dealership and looking at the contract again OP decides to ask questions here without giving a dealer chance to explain the deal again?
I mean come on. How do we know when the dealer is going to mail the check? No honesty or integrity of this community will be able to give him an accurate answer! The dealer should be able to provide the answer if only OP reached out to the dealerâŚ
P.S. I am the one who despises the dealership model.
Edmunds TMV on a 2022 XT6 is $500 over MSRP yet I just bought one 5% off MSRP and got $1,500 more than Carvana, Vroom, or Carmax offered for my trade.
Also, KBB tells a different story on pricingâŚtheir fair purchase price is about $1,100 below sticker.
Hahaha. No, no, have you seen anyone actually PAY $1500-$2500 under like you said. You obviously didnât bother reading that dealerâs fine print.
Prices shown do not include dealer fees of $999.95, electonic filing fee of $499.95, taxes, license or a destination & handling charge. The destination & handling charge for ILX, TLX, RLX, RDX, and MDX is $995, $1,025, or $1,045, NSX is $1,800 or $1,995, and PMC editions is $1,995. Actual vehicles/accessory costs, labor and installation vary. Please consult your selected dealer.
Ah yes, the olâ show a discount but we actually arenât including the entire MSRP in the MSRP trick. Thatâs the first time Iâve seen that come from a dealer in FL.
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Or it could be that itâs actually happening since even people on Edmunds forums are reporting discounts over $2,000 off MSRP.
Just because you donât see this in your area doesnât mean itâs not happening.
It certainly could be happening, but a dealer advertisement with intentionally misleading numbers isnât evidence of it.
Iâd also take a single post on edmunds of an ordered vehicle that hasnât arrived yet, with no evidence backing up that it wasnât a similar story to above, with a grain of salt.
Lots of assumptions in your replies. I still appreciate your point of view.
Of course I asked every question from the dealer before signing, of course I asked explicitly about the equity check and had the finance manager make a notation of it, and of course I asked when it would arrived ( he said 2 weeks). And of course I did email them yesterday about this and the finance manager replied that yes indeed there will be a check in 2 weeks or so.
Obviously whatever explanation he offered made sense to me at the time the way he explained it but at the end of the day they can say whatever they want specially in a complicated setup like this one. and doesnt mean anything.
That wasnt what I asked. Nowhere did I say I am accusing the dealer of anything. I simply asked if anyone had seen a contract written in this way where a check is due back to the customers but there is no real indication of it anywhere in the contract.
I would definately take the comments from members in this forum (specially trusted hackrs & brokers) more to heart that any dealership employee.
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Yes, but donât avoid the $10,000 elephant in the room where he gets a check back for basically nothing, if he simply turned in the lease instead of selling it. So effectively $500/mo for a brand new MDX lease in this shit market.
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The title kinda implies that you are. But hey I trust a car salesman as far as I can throw him, and that ainât far.