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Markup already?!

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Old 06-08-2003 | 11:46 PM
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Markup already?!

My dealer told me yesterday that some of the dealers in the East coast have already posted a $5K markup on the RX-8, while some in the West have posted a $2K markup. He said this mainly because the first boat has left Japan already and the cars should be here soon.
Old 06-09-2003 | 12:11 AM
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My dealer told me today that they would charge over MSRP. When the Evo first got here a dealer near me was selling them for 7k over MSRP now they are going for MSRP. It will happen in some dealers not all
Old 06-09-2003 | 12:24 AM
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well here in ak almost all dealers markup all cars 1500 to 2000,the evo here was 5000 markup and sti was 2000.the rx-8 here will be marked up 2000 if you buy off the showroom,i got mine for msrp and made sure i had it in writing.
Old 06-09-2003 | 12:26 AM
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Mine said he was charging 2K after the first pre-order period.
Old 06-09-2003 | 01:53 AM
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it is actually common practice to mark up among some dealers. i have heard stories about dealers puting all available accessories on the evo + marking it up for a total of over $45,000 our dealer never marks up cars, so i am told. i dont think we have yet. but a lot of them do especially popular cars lke the rx-8. it all depends on the dealer. (also it wont do any good to call mazda and complain, remember msrp stand for manufaturer SUGGESTED retail price, the dealer can chage as much as they want as long as peolpe pay it, which they always do)
Old 06-09-2003 | 02:57 AM
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heh the markup for evos round here was 20k when it first came out.
Old 06-09-2003 | 05:02 AM
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Originally posted by akrx8
well here in ak almost all dealers markup all cars 1500 to 2000,the evo here was 5000 markup and sti was 2000.the rx-8 here will be marked up 2000 if you buy off the showroom,i got mine for msrp and made sure i had it in writing.
Where in Alaska? My friend in fairbanks told me that the 350z was around 40 grand when they got it. The only cool part is that there is no sales tax, but its funny cause people still pay more for new cars.

Last edited by Sandberglar; 06-09-2003 at 05:14 AM.
Old 06-09-2003 | 05:09 AM
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my dealer here in CA tried to pull that 5K markup on me; I pretty much told him that w/ the markup, I might as well get a 330Ci w/ options that I actually want on this BMW. I think this scared my dealer and he dropped the 5K immediately.

alex
Old 06-09-2003 | 06:26 AM
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As long as there are peple willing to pay the markup, dealers will mark things up.
Old 06-09-2003 | 09:26 AM
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Dealer mark ups mean our RX8s will appreciate as soon as we drive off the lot. This happened with my first allocation Beetle turbo and WRX.
Old 06-09-2003 | 09:34 AM
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My dealer is adding an "addendum" to the price of the car - it's like 2K - AFTER the pre-order program is over. It's suppose to include Scotch Guard or some BS like that. It's most likely just oil & vinegar. They told me that on top of that, they will most likely increase the retail price of the RX-8 to meet supply & demand. Glad I pre-ordered.
Old 06-09-2003 | 10:20 AM
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Dealers are so funny. Went and looked at a 350Z the other day and got this crap about how high in demand they are etc. So I asked the sales rep why I could count at least 10 Z's sitting in the front lot alone.

When the FD first came out I believe the same sort of thing happened as well. I just waited several months then bought my R1 for about 4.5k less than M.S.R.P.

I'll never pay over m.s.r.p. for a vehicle. Most likely in a few months you'll be able to walk into a dealership and buy a Rx-8 for under m.s.r.p.

RotaryStalker
Old 06-09-2003 | 10:45 AM
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I just talked with a dealer in the Los angeles area and he said that his 8's will be marked up 10K !!!!!!!!

WOW!!!!

Mathteacher
Old 06-09-2003 | 11:44 AM
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I don't think dealers in the UK will be marking the prices up.

Although there will probably be a premium paid for any private sale when the pre-orders arrive, so that impatient people can avoid the wait.

Chris
Old 06-09-2003 | 11:49 AM
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wow...one born every minute.
Old 06-09-2003 | 01:30 PM
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Originally posted by brownchiro
Dealer mark ups mean our RX8s will appreciate as soon as we drive off the lot. This happened with my first allocation Beetle turbo and WRX.
Appreciate? For how long? A week? A month? Three months?

My MINI dealer told me about a guy who came in who wanted to trade in his S2000. Trade value: $24,000. The guy went ballistic- he paid $5,000 over sticker, $37,000, eighteen months ago. He wanted $32,000 for his car. Time for a reality check- that was eighteen months ago. Today brand-new S2000s are in-stock and selling for sticker everywhere around here= around $32,000.

Unless you are buying something like a 360 Modena Spyder where you can't even order a new one because the waiting lists are longer than the car is scheduled to be in production, it is silly to pay over MSRP for ANY car. (Used Modena Spyders sell for more than new ones- Ferrari keeps a type reign on MSRP for new cars. Many make the customer sign a right of first refusal agreement so they can get the car back if the customer is going to sell it.)

Everyone who paid over sticker for an M1 Miata, a 1990 Acura NSX, an S2000, or a 350Z has taken a huge financial bath, courtesy of their friendly dealer who sacrifices a long-term relationship for a quick profit, with the customer paying the price twice- once when the car is purchased, and again when it is sold and traded.

Just say no. And shop elsewhere when you need a Protege of a Mazda 6.
Old 06-09-2003 | 03:08 PM
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it will be interestying to seee who here will be willing to pay markup when they test drive the car and see it especially after waiting so long. the demand is so high if you say no markup or no deal. they may say ok and just sale to the next guy and your stuck without....
Old 06-09-2003 | 06:50 PM
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That's why I got my price in writing :D I just hope that is actually worth something...
Old 06-09-2003 | 08:13 PM
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Originally posted by ibfubar2000
... the demand is so high if you say no markup or no deal. they may say ok and just sale to the next guy and your stuck without....
That's what happened last fall when I went to buy a 350Z. I decided to wait...then I got the e-mail about the RX8. Went back to the dealer who now had 10 Z's still with 3K markup on the sticker. I gave him one chance to tell me the lowest price and he said it starts at MSRP plus 3K... the rest will soon be history.
Old 06-09-2003 | 08:53 PM
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Every dealer is going to mark the cars up once they hit the showrooms.

There's a reason for that -- to drive people to put down deposits. Put down a $500 deposit and if you hate the car when it gets here you're out $500, but if you love it and buy it, you get it at MSRP instead of $2000 over. That does a pretty good job of getting the cars presold.
Old 06-09-2003 | 09:16 PM
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I said in a thread here a few days ago that I would *never* pay over MSRP for *any* vehicle. Well, I guess I'm making myself a liar. I got my price in writing for my RX-8, and it's $995 over MSRP. But it isn't because it's a hot, in-demand car. This dealer marks up *all* new cars the same amount ($995), from the Protege up to the 6. I didn't believe the salesman when he told me that, but I walked around the lot and sure enough, they all have $995 on the sticker as "Adjusted Market Value".

Oh well, I guess I'm a sucker too.
Old 06-09-2003 | 09:19 PM
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“A dealer in Los Angeles told me that he’s going to charge $10,000 over MSRP”

At that price, every sale will require a fool (oppps, sorry) a customer to walk past the BMW dealer who offers a bullet proof, high performance, prestigious vehicle that essentially performs the same roll for $154 per ft/Lb of torque to buy the RX-8 for $235 per ft/Lb of torque. That’s a 52% premium over the best-in-class competitor…Not…Going…To…Happen!!!

I’m a thirty eight year old professional with sixteen years of experience (all wonderful) with RX-7’s who’s in the market for a new car yet I’m not even close to being sold on the RX-8. If it were three thousands dollars cheaper or if it had fifty more ft/Lbs of torque I’d buy one without a second thought but that isn’t the case. If you remove the passion, ignore the “Gee-that’s-neat” facet of the engine & just pit the numbers against the competition’s, the car comes up short at MSRP, adding a premium on top of that is just wishful drinking, like twelve pack grade wishful drinking <barp!!!>
Old 06-09-2003 | 09:28 PM
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Go figure.. we have dealers here selling the EVO at 40K.

The EVO! $40,000......

Come on now! That's one of the f'd up part of living on an island.. nowhere else to go. Unless you're 1) Going to be tough and wait it out, or 2) Try to go to the mainland and ship it down.

But in the 8's case, if you go with #2, you will have still have to wait since mainland dealers arealso done with pre-orders..
Old 06-09-2003 | 10:15 PM
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ive got mine for msrp in writing, hopefully, theyll even have the car though...


BTW, that $500 deposit is 100% refundable, if they try to tell you it aint, tell them youll call Consumer Affairs to check it out, the place would be shut down in 2 months.
________
Curvy Cam

Last edited by P00Man; 04-16-2011 at 06:47 PM.
Old 06-09-2003 | 11:42 PM
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sandberglar,im out of anchorage about 40 miles.i just looked at a 350z a week ago,it was loaded and 42,000[ouch]it drops alot if you get the cheap one but what fun is that.i guess im lucky i got in on my 8 for msrp but the market here for cars like these are a lot less.dealer only had 2 preorders and i got the first allocated one,still 7 left.the MOST popular car here has got to be wrx,there everywhere.sti's are here now also.


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