I'm all for it, FUCK markups

Here's hoping

There won't be enough chips to meet demand until 2024. I think they will be okay until then.

If they have some skill they seen what was happening and the chip shortage isn’t over yet lol so I the values will still go up lol

@Joshua Jones at least in Detroit, there are f 150s parked that are missing chips. They can drive but they're not ready for the consumer.

Why?

@@cdula26 Because dealers have lobbied to have a legally forced monopoly on car sales and they cost consumers money without adding any value to the transaction

This isn’t true across the board though. The real issue is that the book values have skyrocketed on used vehicles and customers know it. Just look at how many people drove their cars for free for 3 years and then sold their car back for a profit. At our dealership, if we offered a customer anything less than these crazy book values, there was a fairly high probability of offending them. It’s a catch 22, the customers always wanted all of the money for their trade and in the same breath accuse us of price gouging. So yes, some dealerships added market adjustments to their vehicles. There is some reasoning behind that too that makes some sense… when we were looking at the situation at my dealership, the cost of a two year old vehicle was often times a few thousand more than the brand new one sitting next to it. Why would anyone want to buy a used car at that point? It effectively makes them unsellable unless someone absolutely needed a car, right then. By making a new car MORE expensive than it’s used counterpart, we could have alternatives for folks that didn’t want to spend “new car prices.” Who wants to spend more on a used item than a new one anyway? Also, in my experience, when we are setting our budget for payroll and the other overhead expenses, it is generally based on our past performances. Fast forward to the car shortage: generally we moved 200-250 cars a month, that inventory began to plummet. Due to the market and the lack of availability, we dropped to 60-120 sold units per month. What would you do if your business and staff required double the units than you were capable of putting out? Ultimately, we stayed at the Manufactures Suggested Retail Price, without any markups, we had to make some internal adjustments and hunker down, but I don’t blame people who did what they felt they had to, to survive. If you really think people were getting fat and happy from this market, I don’t think you have a complete grasp of the situation.

@@PirateXandarrr Cry me a river. I know that dealers didn't cause the secondhand market craziness, but they absolutely took full advantage of it and average profits skyrocketed. The average profits of a new car dealer in 2020 was significantly higher than in 2019. It wasn't a game of survival, it was a game of greed. Even if it were a game of survival, I still wouldn't feel bad for dealers given that they shouldn't exist in the first place. They exercise anticompetitive behavior by their very nature. Scummy business practices aren't the exception; but the norm.

@@ericmueser6950 sounds like you’re just still upset the salesperson didn’t let you test drive a $200k car when you were 17…

Couldn't happen to a bigger group of dbags. Lol. RIP

Thanks for doing the snooping. 😂🤣 Just looked up the Carfax on their most expensive one. $250k and they've had it since November.

Oh man that's painful.

On their web they have about 40 listed, on streetview (from march 2022) i counted 80 just parked outside, it is absolutely crazy.

Can’t believe I had to scroll so far down in the comments to find this. Thank you!

An probably capped the Commish....

I wish Corvette dealers would suffer too. It's also treated like this fugly suv. I've seen countless videos of people struggling to find a '22 Corvette that isn't marked up to outer space by the stealership. One guy saw a pair of them at his local dealer selling for $30,000 over MSRP and the dealer stone cold refused to budge. He one day stomped in and demanded to know why they wanted those prices if they knew the cars would never sell. They refused to even talk to him. LOL. kzfaq.info/get/bejne/laebidiZnJyxaY0.html Here's a video of a guy trying to buy one USED. For over $120,000! USED?? F that stealership. I know some of these stealerships are suffering from market corrections after buying 10-12 of these Vettes and marking them up to the stratosphere. And they STILL won't negotiate! LMAO, they'll meet financial ruin if they don't change their attitudes verrrrryyyyy quickly...

Same here Ed, not my cup of tea.

It's the type of car you get, when you think you're better than everyone else

It's all hype.

Bitches love G Wagons, Post knew it too. G Wagon G Wagon G Wagon all the housewives pullin up...

My family had one in 2008. It looked cool but that was it. Tiny interior and 9mpg.

haha i hope the buyer for that dealership sees this video! hahhaha

@@peterstainer731 Your numbers make 0 sense. Even if you made 250k, 50k left over means you paid 80% in taxes?

@@flipwithme4235 yeah I did it’s called socialist Los Angeles California they take all your money if you don’t have an LLC and you do crazy random shit with cash and then make even more cash they fuck you over immensely because they are jealous liberals that don’t know how to make money they only know how to spend it and take it

@@flipwithme4235 that's how you know you've got a liar on your hands.

You're in northern California no shit people have more money than brains and can afford the price no matter what it is the rest of the country that isn't the case and it isn't going to last this bubble is going to burst; the car market, housing market, groceries, rent ect what goes up must come down and I feel when it comes down it's not just coming down it's going down in a catastrophic failure set up in flames...

and stock and crypto market too...

And we can thank the biggest gaslighting campaign of the last two hundred years for it.

Never.

All that matters is who you give the loan to. If you give a loan out for 150% over sticker but the chump pays his bills every month, not an issue. If you give a loan out for 75% of sticker with no repayment, good luck getting full value back after repo is all said and done.

Banks routinely give 110-115% loan to value on new cars to pay for TTL and often leave in wiggle room for service contracts. Another 5-10% for someone buying in the $100k+ luxury market does not seem like a huge cause for alarm.

There’s a saying in commercial loans. If you don’t have 50% equity, you have no equity. Giving chumps who pay 125% loans sounds great until you get a monster wave of defaults and repos. A whole bunch of credit unions are gonna go under entirely after this year. The total losses in this space is gonna end up in the billions in a year after the repos pile up and there’s no buyer for all the bad debt and deflating cars.

They've always done this. Tier 1 credit at most banks will get your 145% to 150% out the door. This includes all taxes, state fee's, any trade in negative equity.

I love it when bubbles pop lol. Makes shit super cheap for me to buy lol

Check out Whistlin Diesel's channel for an 80 ft G Wagon jump

@@ianvisser7899 still see them around too

@@ianvisser7899 where you can buy a 500 hp Land Cruiser?

You've got the best sounding V8. The 55's were amazing 5.4L engines

@@ianvisser7899 Why would he trade a car he likes for something else? Nothing drives like a G-Wagen.

@@bwofficial1776 because it's an overpriced overhyped status symbol turd? That's why.

Nobody named Jalen needs to give money advice. Your watching to much KZfaq

@@KA-om9oz Your mom seems to like my name quite a bit.

Seems like solid logic to me.

@@KA-om9oz lmao

I'm waiting for the collapse. I want to pick up a modestly-sized house in a decent neighborhood for a reasonable price.

If history is a guide then no. They'll depreciate but not that low

which 65 AMG can you get for under 15k?

You could never buy a used g wagen for under 50k and that was pre pandemic, pre inflation.

@@pepecz s600/s65amg

@@jrocxzs well the local drug dealers are able to move up from their G35/37's to s550's and if they are the plug a S63

I feel like if people are idiotic enough to pay over sticker from a dealership who clearly did nothing to justify a markup on a new vehicle then their stupidity is on them. My dad met someone who paid $90k on a fully loaded gv80 with a sticker around $68k-$72k and drove it 300 miles before deciding to sell it for $55k back to the dealership to go buy a srt durango for $100k (not even a hellcat Durango).

;; HOLY CANOLI...

Insane.

Amazing. How did you get it at sticker? Everyone I know that pre-ordered and got their allocation still paid an ADM, even before the crazy run up in prices.

The customers were willing to pay what they were asking. How’s that manipulation of the market?! It’s supply and demand.

SMALL WORLD

Maybe, but the world is a big place and the usa is not the biggest importer of G's. Most of the G's goes to russia and china and the middle east. Usa imported about 8000 G's in 2021.

@@bounzig Recently it’s US so…

I wish I could buy a G-Wagen for $49.99, I've paid more than that to fill my gas tank. Now even the beat-up military G-Wagens are $40,000.

OHWELL RITE

Thanks!

why would MBUSA care, they literally don't lose any money on that.

@@fcscouto because it's a made up story.

@@jesusgtz Do you have proof that it's fake? I was taught to take people at their word because calling someone a liar without evidence is inexcusable.

@@bwofficial1776 well its the internet, you shouldn't believe everything you read. I might not even be a real person....

@@fcscouto they 100% care. Automakers don’t want their prices to be so inflated that it drives people away from the brand. GM had a clause that if you sell your Escalade V or Z06 before a certain amount of time it voids the warranty. This is likely absolutely true.

What Rolexes have dropped significantly?

@@BuyAndReview All of them.

I went on their website n their G Wagon page kept crashing

I’ve driven past the Hoffman Estates dealership numerous times this past summer. Thought they had a lot G wagons but didn’t know they had bought that many hahahaa

Yuppp

If you have an excellent credit score and/or cash you should be able to pick up a good deal. Porsche Cayennes are starting to drop in price and I think the 911 and Caymans should drop in the near future. At least I hope they drop enough to pick something up for a decent price.

Most of these cars are being sold at “high end” used dealers so there’s no connection to the manufacturer.

Why, it is fun to see greedy fools crash and burn, it happens all the time just buy yours when everything bottoms which it will

If demand is high, then make more and don't charge more. Thats not how economics works. Especially not for high end things. Enzo Ferrari said roughly that he wanted to make 1 less Ferrari than people want, to keep the price and prestige high.

you are highly overestimating the financial literacy of only fans models

@@fcscouto when you sign up for OF you get tax information. Almost everyone uses tax prep software or an accountant. Everyone knows about heavy vehicle full depreciation. This isn’t some new or obscure tax law. The Hummer used to be the poster child for this tax law. Now it’s the G. Only Fans models are definitely more financially savvy. Hence why they don’t work W2 jobs like the overtaxed working peasants who punch clocks. The KZfaq influencer life is built full around your life being your business and therefore being able to deduct your whole life. Everyone who does this stuff seriously and makes any money that matters knows all of this. Why give the money to the IRS when you can buy a G wagon instead. There are a few of them running around here with commercial vanity plates about fashion, modeling, and other activities ;) even a AMG 63.

Does the typhoon count?

@@DM-jh9eh Oh, it sure does!

Does my Tahoe count?

Does the LM002 count? 😀

Dodge Durango SRT

OUCH

I totally agree, when I bought my hellcat earlier this year I had a very hard cutoff that the car had to be less than $55k and have less than 30k miles and only 1 owner with a consistent service history. I was seeing hellcats around that time going for around $55k-$56k and I refused to pay any price above $55k and I was able to find mine for about $52k with 26-27k miles and one owner. I got is and got a marginally decent interest rate for that time (now that rate is considered amazing cus of fed rate hikes) and I couldn't be happier. While the hellcat situation is different from the g wagon because they're still raising in price because of the discontinuation of hemi v8s I still got my car for a good price because I was willing to wait 3-4 months from my initial start of search around November 2021. I was almost about to buy a jaguar XJL supercharged with everything on it because I wasn't getting a hellcat for my price range but after the jag dealer refused to come down to $45k from $49k for a car they had for 8 months and was originally $43k I managed to find a hellcat and bought it. Although, funnily enough the jag ended up selling for $42k 4 months later lol.

@@sahilsaini2000 i'm with you. these are cars afterall - i don't "need" a particular car. there are dozens of comps out there, but i'm not bailing out greedy dealerships because they loaded up on inventory to drive prices up. i'll keep moving on as life does.

@@wrxzboost I think you'll definitely be able to get a good G wagon soon lol. Watching this guys other videos, since I'm a finance major but am not working in finance, and historically along with how current repo rates are climbing a lot I think the economy is about to fucking plummet soon due to higher supply and unaffordable interest rates for sub prime borrowers which will be great for people looking ot get a car with good credit lol. I'm hoping it happens in like 12-18 months so by the time I'm preparing to get another car to add to my garage it will still be cheap lol. I haven't been keeping up with a lot of news recently on this but I'm glad I looked up some figures now lol

Vždycky miluju když v komentářích najdu nějaký český jméno... "I see you're a man of culture as well"

meanwhile I never had a car worth more than 24k sticker 😅

congrats and wishing you the best

@Rose Understanding your financial needs and chalking out a plan is very vital. If I could advise you, seek the help of a professional. For the record working with a consultant has been the best for my finance

@Rose Join ⬇️⬇️

multiincplat_

Multiincplat_

That's why i'd rather have a Defender V8

Who in turn got his ideas from another German from about another 80 years before the one you're talking about. It's not all that bad an idea. No good comes from creating money without creating real value in goods and services. It's financial parasitism and just because two particular German idiots found it objectionable doesn't make it a bad economic doctrine to rein it in.

did you finance it? if you did the refund was sent to the lender.

@@ricludwig677 no it was not, at least not since yesterday

@@ricludwig677 just check again, still has not been received. Do you work for McGovern Auto Group, or just speaking from experience? Just curious. I already knew that the refund would be sent to my Credit Union, but it should’ve been done before the 60 day period, &that has already passed.