My number came up on the waiting list... but ADM

[krt22]

Someone needs to start a thread listing all the Dealerships charging ADM(hmm... an idea). This way everyone on this forum can see which dealerships NOT to do business with in the future.

So..lets say down the road you get a car at MSRP, you really like the dealer and would hope to continue future business with them. 6 years from now there is some new icey hotness, but there are plenty to go around at this point. Your primary dealer is giving you 1k off MSRP. You go to the large volume lot taht was asking ADM previously and they are giving you 1k off invoice. Would you be willing to pay more just because of some previous practice by the dealer?

I would not pay ADm for the car I bought, but if you were offered a MY2015 R model for 5k over..would you pass on it?

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[krt22]

Yep... if practically no one paid ADM, dealers would seldom add it.

Problem is getting the masses to unite.

Which will never happen. Lets face it, not too many people are out looking for 50-65k sports cars. The buyer pool automatically puts you against high earners, with many of those being high high earners with tons of expendable income. You just need to be rational and patient and the deals will come around.

 

[Swamp Yankee]

If it's really a matter of "what the market will bear" for specialty vehicles like the GT350, why don't the dealerships simply auction them off ala Mecum or Barrett-Jackson? Or does current law not allow that? I don't think I'd ever bother with such a thing, myself. I'd basically resign myself to buying a GT350 used.

 

[FPCV8YO]

I would not pay ADm for the car I bought, but if you were offered a MY2015 R model for 5k over..would you pass on it?

Yes, I've passed on $7,500 over already.

 

[krt22]

for a 2015? 1 of 37?

 

[FPCV8YO]

for a 2015? 1 of 37?

I'm sorry, no I must have read right past that. 2016

 

[krt22]

All good. What if it was 3500 over for the 2016? Everyone has a price, that was the point I was trying to make and unfortunately in this arena of buyers, there will be a few whoopers that throw off the whole market

 

[Cruzinaround]

Never pay ADM for a car that will be made in the thousands. Remember 2007 GT 500 now there are close to 40K of them out there. Dealers tried the same thing back then. Some people paid but most did not. Stay FIRM ! Also remember there will be another GT500.
Chevy tried to sell the new Z/28 @ MSRP and most sat on the lots. They finally had to discount those things $8k and up , not sure how many are gathering bird crap as I write this.
My point is $60k is the break point for these pony cars.

An intelligent Marketing team would look at what happened with the Z28's as their benchmark to avoid.

The Mustang is a blue collar working man's car. To price it into a range where its competing against performance luxury cars with better amenities and better customer feedback would be the same as bending over and waiting for it. So the dealers that are literally speculating based on simple greed that they can sell the car for so much more.... are literally misrepresenting what FORD is and what FORD already publicly announced. This car is supposed to be surprisingly affordable. As it was demonstrated in the finally released pricing. FoMoCo needs to reign in the greed and subject these dealers to some stiff penalties. Like no more allocations and/or fines.

The only words that should ring true to everyone who has been following the development of this car from back when it was just a rumor is..

It will be surprisingly affordable.

If a dealer is truly representing the Brand...then those are the words to stand behind. Not "We're going to ask for ADM over MSRP".

 

[Cruzinaround]

All good. What if it was 3500 over for the 2016? Everyone has a price, that was the point I was trying to make and unfortunately in this arena of buyers, there will be a few whoopers that throw off the whole market

If that were to include the $1000 for the allocation fee....and possibly an $800 delivery fee and maybe even a fee for consulting as they have to sit down while I teach them about the features and options while letting them believe they are teaching me. Then maybe 2k to 2.5 k over is fair.

MAYBE.

And that's only If I'm the very first buyer taking that guaranteed allocation. Otherwise... I say no to ADM.

 

[krt22]

No offense, but a special factory GT350 with a 50k cost of admission...well it is no longer just a blue collar working man's car. Ford offers a wide range of price points for the mustang, to reach many different buyer demographics, this one isnt only going after the blue collar guys and is priced accordingly.

And you can bitch and moan about it all your want, but ford isnt going to try to micro manage 3000+ dealers independent dealers.

 

[krt22]

If that were to include the $1000 for the allocation fee....and possibly an $800 delivery fee and maybe even a fee for consulting as they have to sit down while I teach them about the features and options while letting them believe they are teaching me. Then maybe 2k to 2.5 k over is fair.

MAYBE.

And that's only If I'm the very first buyer taking that guaranteed allocation. Otherwise... I say no to ADM.

So what if you were a second buyer or 3rd buyer for a lot with 4 cars allocated? That allocation fee then is $250 per car and you arent ever going to get a free pass on the destination fee. Its a seperate line item for certain purposes, but the real MSRP is 49995. Then what? Or what if it was at MSRP, but already on the lot and not the color you wanted? Would you ne willing to pay more to have it how you want? :shrug: What if another buyer overheard your deal...you were on the fence and he then offers to pay $2500 more for a custom ordered car?

What if ford was fair, said you cannot charge more than MSRP to dealers. They have 1000 cars planned for the first run of cars, 2000 on a list waiting. They decide to do a lottery, you dont get one. Would you be willing to pay someone for their winning ticket?

I'm not advocating ADMs here, im just saying its the reality if you want anything like this first. If you want it first and werent lucky or arent willing to travel for a car, then what is your break point? Well that break point is different for everyone, and you cant really fault others for being willing to pay more.

 

[Cruzinaround]

No offense, but a special factory GT350 with a 50k cost of admission...well it is no longer just a blue collar working man's car. Ford offers a wide range of price points for the mustang, to reach many different buyer demographics, this one isnt only going after the blue collar guys and is priced accordingly.

And you can bitch and moan about it all your want, but ford isnt going to try to micro manage 3000+ dealers independent dealers.

It most certainly is a middle ground Vehicle. Considering that the Median Household family income in America is 52k....and the average family of 4 in this country is considered living below the poverty level if the combined household income is less than 70k.... then even the entry level V6 Mustang is still a stretch for them. Or basically out of reach for more than half the population. This is not a poor Man's car. And its certainly not a poor man's Mustang. But it's not targeting the exclusive wealthy class people either.

This Vehicle is more in line with the 150k+ audience which is by today's standards.... the pocket where the Middle class falls today. This would comprise a purchase or finance of approximately 1/3 of their gross income. This is still a Working man's territory. Not a CEO or Director level white collar worker making well over 250k+ annually and pulling significant dividends from other entrepreneurial investments.

But, it is for the guy that has a career, likely worked his way to where he is and works hard to earn a living supporting a family and holding a mortgage.

Sound familiar?

This wouldn't constitute bitching BTW...it would be more like keeping it real. Something the dealers with the outrageous reasons or lack there of for ADM's seem to have lost sight of.

 

[krt22]

Don't get me wrong, I am in that demographic (obviously buying the car), but I also am very familiar with my peers who have made out very well, and wouldnt be appalled to pay a little more to have it first. Every area has these folks (Silicon valley, oil money, bankers, etc), nothing you can do about it

Knowing my situation and limits, if I didnt get lucky, I would have just waited it out and worked over the next year to get in line at a dealer selling at MSRP for the MY2017s

 

[Cruzinaround]

So what if you were a second buyer or 3rd buyer for a lot with 4 cars allocated? That allocation fee then is $250 per car and you arent ever going to get a free pass on the destination fee. Its a seperate line item for certain purposes, but the real MSRP is 49995. Then what? Or what if it was at MSRP, but already on the lot and not the color you wanted? Would you ne willing to pay more to have it how you want? :shrug: What if another buyer overheard your deal...you were on the fence and he then offers to pay $2500 more for a custom ordered car?

What if ford was fair, said you cannot charge more than MSRP to dealers. They have 1000 cars planned for the first run of cars, 2000 on a list waiting. They decide to do a lottery, you dont get one. Would you be willing to pay someone for their winning ticket?

I'm not advocating ADMs here, im just saying its the reality if you want anything like this first. If you want it first and werent lucky or arent willing to travel for a car, then what is your break point? Well that break point is different for everyone, and you cant really fault others for being willing to pay more.

The allocation fee only guarantees them one car. The first one they get. So the 2.5k is my break point to be the first in line.

If I don't get the first then I'm willing to wait. There is no break point then. I'm not an early adopter of anything unless its a fair deal. They make money and I don't pay more than what the guy who actually makes it feels it's worth. That's fair, its honest and that's my target point.

Call it having "Money and Brains". Which is a counter intuitive descriptor to whom dealerships target with ADM's. There's a reason why stupid people suck and as we all know that stupidity transcends income bracket, race, religion or gender. It's why things get mucked up for the rest of us.


I'll add if it came down to all the allocations sold then the prices asked by those reselling what they now outright own is their right to ask....they own it and everything from that point is subjective in their perspective. They simply need to justify their reasons and make the sale. And the stupid people will again raise their hands to make the purchase. And the motives for the people who made the initial purchase with the sole intent to flip the car then becomes suspect. And again they are no better than the dealerships who use ADM's in the first place. All motivated by Greed.

 

[Hack]

It most certainly is a middle ground Vehicle. Considering that the Median Household family income in America is 52k....and the average family of 4 in this country is considered living below the poverty level if the combined household income is less than 70k.... then even the entry level V6 Mustang is still a stretch for them. Or basically out of reach for more than half the population. This is not a poor Man's car. And its certainly not a poor man's Mustang. But it's not targeting the exclusive wealthy class people either.

This Vehicle is more in line with the 150k+ audience which is by today's standards.... the pocket where the Middle class falls today. This would comprise a purchase or finance of approximately 1/3 of their gross income. This is still a Working man's territory. Not a CEO or Director level white collar worker making well over 250k+ annually and pulling significant dividends from other entrepreneurial investments.

But, it is for the guy that has a career, likely worked his way to where he is and works hard to earn a living supporting a family and holding a mortgage.

Sound familiar?

This wouldn't constitute bitching BTW...it would be more like keeping it real. Something the dealers with the outrageous reasons or lack there of for ADM's seem to have lost sight of.

That's a well written post but it does ignore the fact that many on the coasts make a lot more than those in the middle of the country. I remember reading years ago as a working engineer that bus drivers in California were making (a lot) more than me.

I think that's why you see the really big ADMs in CA. Many more people there are making WAAAY more money. Also, in CA there are a lot more people who are willing to drive a GT350 year 'round. Here in Minnesota most people (who aren't crazy like me) feel they have to have the GT350 as a second car. That really limits how many people can afford it. I wouldn't buy one if I felt I had to also purchase a second car for foul weather days.

So you can see that demand will be different based on cash available and perceived year-'round usability. So the price in the free market will tend to be higher where demand is higher.

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