Found It, What a joke. Buying in 2021 LOL. You can keep it.

RetiredRealtorRick wrote:

'Also remember, dealers base their appraisals on actual auction results, not on KBB's mathematical formulas.

That is exactly right, and a point that I don't think everyone is aware of.

ShinerBock wrote:
That is what happens when supply is low and demand is up. No different than if you wanted to get top dollar if you sold your truck so why fault the dealership if they do the same?

Agree 100 %

Free enterprise at work. Free enterprise is what made this country great! !

RetiredRealtorRick wrote:
If KBB says your truck is worth 51-58K, but the dealer only wants to give you 38K, for Pete's sake sell it yourself if you think you can get 51-58K.

Of course, do bear in mind the old cliche "the only 'book' that ever actually bought a truck is a checkbook!"

Also remember, dealers base their appraisals on actual auction results, not on KBB's mathematical formulas.

Dealers use black book

In metro areas, black book is almost to the penny, 75% of KBB trade in value.

mkirsch wrote:
Capitalism is great, until you're on the receiving end of it.

I'm sure you'll call this price gouging, BUT price gouging is when the SELLER sets the price at something above retail to cash in on a shortage. There's laws against that.

Here, it's the BUYER offering more than retail for the item. There is no law against that.

The thing you call "gouging" is a self correcting pricing.

There was a gas station in NJ that made arrangements for a generator to run the whole gas station, staged fuel delivery trucks out of state before hurricane sandy came through. He advertised fuel at a much higher price, to cover his increased costs, and I'm sure additional profit. So, since the state got involved, he shut down, leaving nobody with gas at any price.

Companies charge too much, other entrepreneurs will come along and find a cheaper way to supply product or services.

Gouging is a media term.

And when the year winds down, the prices will drop.

Aren't October-December the usual sweet months? When old and new inventory are on the books.

I remember one of my savvy clients swore that New Years eve was the best day to negotiate with MBZ dealers and would close the deal the following day on New Years day. Always drove off with a crazy bargain.

If KBB says your truck is worth 51-58K, but the dealer only wants to give you 38K, for Pete's sake sell it yourself if you think you can get 51-58K.

Of course, do bear in mind the old cliche "the only 'book' that ever actually bought a truck is a checkbook!"

Also remember, dealers base their appraisals on actual auction results, not on KBB's mathematical formulas.

Capitalism is great, until you're on the receiving end of it.

I'm sure you'll call this price gouging, BUT price gouging is when the SELLER sets the price at something above retail to cash in on a shortage. There's laws against that.

Here, it's the BUYER offering more than retail for the item. There is no law against that.

falconbrother wrote:
This is not the time to be buying a vehicle....unless you have cash burning a hole in your pocket, yours blew up or you crashed it.

I agree. I was looking at Ram 1500 Hemis. Last year they were around $22-25k for a 15 with 70k ish miles. Now the same trucks are hovering around $30k. And 12-15 trucks with 120k+ miles are around $25k! No thanks. I’ll wait till the market dumps and then I’ll buy!

This is not the time to be buying a vehicle....unless you have cash burning a hole in your pocket, yours blew up or you crashed it.

Nv Guy wrote:
You guys have never bought a Raptor. Before all this covid craziness So Cal dealers added $10-$25K to the price and what's really scary (and stupid) people pay it. This just isn't a Ford problem, all of these parasitic dealers do it.

You said people paid that price, so why is the dealer a parasite? I assume the buyers were not held at gunpoint. Maybe you could be the lead horse in a movement to sell things at the minimum price instead of the maximum. Maybe start with selling your personal vehicle and home and giving the buyer a surprise 25% discount after you have arrived at the negotiated price.
Real estate in my area has buyers entering bidding wars paying 10% or more over list price. Are the sellers parasites for selling over the list price? Are all the buyers "stupid", or are they just paying what it takes to get what they want? In my view of the world, if the buyer and seller reach a mutually acceptable price it is a fair deal unless there are true mitigating circumstances such as fraud or a truly mentally incompetent buyer or seller involved.