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Nonprofit markups.org is exposing the most egregious new car prices

themanual.com

61–70 of 272 posts

Re: Nonprofit markups.org is exposing the most egregious new car prices

#61
post #38

Is the company actually a non-profit? When I click the donate button Stripe says I'm giving to "Markups, LLC" and the IRS exempt organization search doesn't return results for orgs containing "Markups".

No we're not, we are a for profit llc and need to make sure the writer fixes that.

You might want to consider a different tld. While .org isn’t strictly for non-profits anymore, it sure does give off the “we’re a non-profit” vibe.

Re: Nonprofit markups.org is exposing the most egregious new car prices

#62
I scroll through the list and see that some dealers -- no, stealers -- have a markup of USD 50k, how does that even result in a sale?

I'm genuinely curious why someone looks at that final price, and then decides to go ahead with the purchase. More money than sense and no idea of what a sensible price is?

Re: Nonprofit markups.org is exposing the most egregious new car prices

#64

Hey @TreyGuy (or others from Markup.org) How do you account for dealers which sell for $0 above MSRP but then include a non-negotiable $700 "paint protection" service? As a crowdsourced site, you'll get a ton of reports that a particular dealership has no markup and few if any reports from people who have actually been far enough into the purchase process to discover these hidden markups.

Nothing is "non-negotiable" in business.

Just say "no".

Re: Nonprofit markups.org is exposing the most egregious new car prices

#65
post #35

If this downturn really deepens into a true recession (however it is defined) won't new vehicle markups go away naturally as fewer customers will be buying new cars? Isn't Markups a business that only is relevant during an inflated economy?

You'll mostly get the data during a an inflated economy, but it's still good to know which companies are screwing you over so that you can take your business to someone who didn't when the economy settles back down.

I doubt losing my business will cause anyone willing to price gouge to change their practices, but who knows what other evil things that kind of company will do to exploit you so I'll feel even better supporting a business that didn't go out of their way to take advantage of people who are struggling.

Re: Nonprofit markups.org is exposing the most egregious new car prices

#66
I feel like consumers writ large are forgetting they can protest. If everyone collectively rejects higher prices, the price will come down.

Everyone is manipulating this inflation sentiment to wring consumers out of every penny until they're broke.

Stop paying for things where the price has exploded higher and force businesses to deal with tighter margins. Prices will normalize.

Re: Nonprofit markups.org is exposing the most egregious new car prices

#67

Hey @TreyGuy (or others from Markup.org) How do you account for dealers which sell for $0 above MSRP but then include a non-negotiable $700 "paint protection" service? As a crowdsourced site, you'll get a ton of reports that a particular dealership has no markup and few if any reports from people who have actually been far enough into the purchase process to discover these hidden markups.

Nothing is "non-negotiable" in business. Just say "no".

That's exactly what I did. I had my checkbook and was there to put in a deposit when I found out. Here's an abridged version of how the conversation went:

  > Me: I don't want that and won't be paying for it.
  > Them: Well we do it for all new cars and you can't have us not do it.
  > Me: Well then you can either eat the cost of this unnecessary "service" or sell me the car for $700 under MSRP to make up for it. 
  > Them: Sorry, we can't do that.

I walked out and they haven't called me back to say they were bluffing. Meanwhile, I'm working with a different dealership now.

Re: Nonprofit markups.org is exposing the most egregious new car prices

#68
post #35

If this downturn really deepens into a true recession (however it is defined) won't new vehicle markups go away naturally as fewer customers will be buying new cars? Isn't Markups a business that only is relevant during an inflated economy?

The best cure for high prices is high prices, but more transparency is always better.

Re: Nonprofit markups.org is exposing the most egregious new car prices

#69

Hey @TreyGuy (or others from Markup.org) How do you account for dealers which sell for $0 above MSRP but then include a non-negotiable $700 "paint protection" service? As a crowdsourced site, you'll get a ton of reports that a particular dealership has no markup and few if any reports from people who have actually been far enough into the purchase process to discover these hidden markups.

Nothing is "non-negotiable" in business. Just say "no".

Someone should go to the EU parliament and tell those busybodies that.

Re: Nonprofit markups.org is exposing the most egregious new car prices

#70
post #58

Earlier quoted context omitted.

I doubt CarMax is actually placing orders, but I wouldn’t be surprised if CarMax is the first place anyone goes to scalp their own new model 3 and CarMax is happy to add an extra 5k to profit on their sale.

Possible, but unlikely. The sales tax+registration you'd be paying would be a lot on a new car, around $4000. I believe Carmax doesn't have to pay sales tax or registration on a new car because they're a dealer.

No; the dealer license allows them to own cars without titling them in their name, not escape the sales tax / registration the state collects when a car is titled.

And that car was titled, just as every Tesla is after Tesla sells it.

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