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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="Cobra Jet" data-source="post: 16737996" data-attributes="member: 127353"><p>I'm just curious - and I don't give a rats ass about anyones income or financials, nor do I care about who can flaunt their bank accounts - but just tell me this -</p><p></p><p>Who justifies spending nearly $70k-$100k+ on a Ford Truck (F-Series or new Bronco) - or even say a Mustang? I mean are people taking out 12 year loans or just have that much pocket cash to burn away??</p><p></p><p>The new full size 2-door Bronco is nice but even with the lower models, $50k+ is even difficult to justify that price for a vehicle.</p><p></p><p>And my above isn't just "Ford", even say BMW, Toyota, Hyundai, Volvo, etc... nor is it speaking of vehicles WITH ADM... How are folks justifying that even for lower end models across the Auto Manufacturing spectrum that $50k-$60k is now the "norm"?</p><p></p><p>ADM in and of itself is just stupid - for any buyer to pay it "just because" and "just to have" vehicle XYZ. Here's a word of advice for those paying ADM on any Ford:</p><p></p><p>If that Ford ever results in a Ford RAV Buy Back due to a Lemon Law claim, that ADM is NOT recoverable by Ford RAV at all. ADM is NOT a Ford line item on the original Window Sticker and is NOT endorsed by Ford. ADM is added by the Selling Dealer and ONLY benefits the Selling Dealer, period. So in the event of a RAV claim, the claim is only up to original MSRP that was on the Ford sticker from the line items as built and as printed from Ford. You're SOL on that ADM and will have to fight with the Dealership to recoup it.</p><p></p><p>The other thing with ADM too:</p><p>An owner who paid excessive ADM will never recoup that ADM expense at all. Not even on "collector" vehicles or limited produced as they appreciate over time. Sure, give it 30-40 years and "maybe", but paying any ADM is equivalent to flushing or burning your money.</p><p></p><p>Take for example those who were paying ADM on the 2000 Cobra R. Folks were paying in excess of $75k, 85k+ on a vehicle that had MSRP of under $60k of the time. A 2000 Cobra R TODAY is just breaking even in NORMAL markets (not inflated BaT, MECUM or BJ) - now 22 years after the fact. For the last 10 years, a 2000 Cobra R owner was lucky to even get $45k-$50k. Hell, a 1993 Cobra R is making better return, or add in XYZ Porsche from pick your model year...</p><p></p><p>Maybe I'm just a shrew - but 1) I would never pay ADM regardless of my financials or income, don't care how cool or limited the vehicle is and 2) paying in excess of $50k+ for any "base" vehicle today is crazy. There isn't even that much in materials used to make the car, let alone the "technology".</p><p></p><p>I'd rather pay used after some other doltz blew a wad of ADM "just because" and also ate the depreciation... and I'm not referring to paying in excess on a used vehicle either - there are many deals when shopping "outside the box" and using your noggin....</p></blockquote><p></p>
[QUOTE="Cobra Jet, post: 16737996, member: 127353"] I'm just curious - and I don't give a rats ass about anyones income or financials, nor do I care about who can flaunt their bank accounts - but just tell me this - Who justifies spending nearly $70k-$100k+ on a Ford Truck (F-Series or new Bronco) - or even say a Mustang? I mean are people taking out 12 year loans or just have that much pocket cash to burn away?? The new full size 2-door Bronco is nice but even with the lower models, $50k+ is even difficult to justify that price for a vehicle. And my above isn't just "Ford", even say BMW, Toyota, Hyundai, Volvo, etc... nor is it speaking of vehicles WITH ADM... How are folks justifying that even for lower end models across the Auto Manufacturing spectrum that $50k-$60k is now the "norm"? ADM in and of itself is just stupid - for any buyer to pay it "just because" and "just to have" vehicle XYZ. Here's a word of advice for those paying ADM on any Ford: If that Ford ever results in a Ford RAV Buy Back due to a Lemon Law claim, that ADM is NOT recoverable by Ford RAV at all. ADM is NOT a Ford line item on the original Window Sticker and is NOT endorsed by Ford. ADM is added by the Selling Dealer and ONLY benefits the Selling Dealer, period. So in the event of a RAV claim, the claim is only up to original MSRP that was on the Ford sticker from the line items as built and as printed from Ford. You're SOL on that ADM and will have to fight with the Dealership to recoup it. The other thing with ADM too: An owner who paid excessive ADM will never recoup that ADM expense at all. Not even on "collector" vehicles or limited produced as they appreciate over time. Sure, give it 30-40 years and "maybe", but paying any ADM is equivalent to flushing or burning your money. Take for example those who were paying ADM on the 2000 Cobra R. Folks were paying in excess of $75k, 85k+ on a vehicle that had MSRP of under $60k of the time. A 2000 Cobra R TODAY is just breaking even in NORMAL markets (not inflated BaT, MECUM or BJ) - now 22 years after the fact. For the last 10 years, a 2000 Cobra R owner was lucky to even get $45k-$50k. Hell, a 1993 Cobra R is making better return, or add in XYZ Porsche from pick your model year... Maybe I'm just a shrew - but 1) I would never pay ADM regardless of my financials or income, don't care how cool or limited the vehicle is and 2) paying in excess of $50k+ for any "base" vehicle today is crazy. There isn't even that much in materials used to make the car, let alone the "technology". I'd rather pay used after some other doltz blew a wad of ADM "just because" and also ate the depreciation... and I'm not referring to paying in excess on a used vehicle either - there are many deals when shopping "outside the box" and using your noggin.... [/QUOTE]
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