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

[CANTWN4LSN]

Anybody want to look up a word on dictionary.com? Try "profiteering" as it seems to fit pretty well. Free market and capitalism seem to be being misapplied here.

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[krt22]

Does not seem to fit.

Definition of PROFITEER

: one who makes what is considered an unreasonable profit especially on the sale of essential goods during times of emergency

 

[Guardstang]

It ain't profiteering--that's harsh--in this case you have a choice to walk away if you think a GT350 is too expensive.

 

[krt22]

Exactly, its a luxury item, no one NEEDS it and no one NEEDS it first. There is a difference between wanting something and needing something

 

[aethyr]

Lending requirements and final sales price are two different things, not really sure how that has to do with anything. There are also plenty of cash buyers (for cars and homes) where the appraisal is meaningless.

They're different, but linked. If no one can buy your "ADM" marked up house because no bank will grant the loan, you will be forced to reduce it, even if there are crazy buyers who want to get a mortgage for a 40% markup on the house.

My point is that even housing which is supply and demand driven has some restrictions on pricing.

And finally, its the notion of temporary/artificial scarcity that we buyers have issue with. The 350 is scarce right now only because of the physical limits of mass production - it takes time to ramp up production. But we all know in a year or so, it won't be and these cars will be pumped out in high volume. They're taking advantage of an artificial scarcity to make a few insignificant bucks.

And those who try to take advantage of temporary, artificial scarcity? We call them douchebags. Think of every scenario, whether its drinking water during a calamity, or people buying up every iphone to sell on ebay above msrp, or ticket scalpers that buy up all the tickets then sell way above original prices...these a-holes are all scumbags that are taking advantage of a temporary or artificial scarcity to make a few bucks.

Nobody takes issue with pricing a true rare item, like a house in the perfect neighborhood or some antique one-of-kind selling for high prices in a bidding war. Theren't going to be thousands of them within a year.

 

[krt22]

They're different, but linked. If no one can buy your "ADM" marked up house because no bank will grant the loan, you will be forced to reduce it, even if there are crazy buyers who want to get a mortgage for a 40% markup on the house.

It's only linked if you are trying to buy a house for more than you can afford. Not everyone needs a mortgage to buy a house. And you can still get a mortgage as as long as its for less than the required LTV based on the appraised value, you simply have to pay the delta over the appraised value out of pocket when you make your down payment

And I agree, the current situation is only due to short term supply constraints, but its a luxury purchase, so if you want it now, you either gotta pay, gotta get lucky, or wait it out.

Scumbags or not, its the reality of the situation and its not going to change anytime soon. (ie ever). The last thing we need is price fixing laws/requirements on primary and secondary purchases of private party goods.

 

[oilfieldtrash]

Hard to believe there are lines of people waiting ready to spend close to 60k on a toy vehicle. So much so that people are throwing an extra 15k on top to get one now. Sorry if you're in the market to spend that much on a toy you'll find little sympathy from anyone because someone with a fatter wallet just priced you out of the game. That's the game with high dollar luxury items. Can't play with the big boys it's time to reassess the situation.

 

[aethyr]

It's only linked if you are trying to buy a house for more than you can afford. Not everyone needs a mortgage to buy a house. And you can still get a mortgage as as long as its for less than the required LTV based on the appraised value, you simply have to pay the delta over the appraised value out of pocket when you make your down payment

And I agree, the current situation is only due to short term supply constraints, but its a luxury purchase, so if you want it now, you either gotta pay, gotta get lucky, or wait it out.

Scumbags or not, its the reality of the situation and its not going to change anytime soon. (ie ever). The last thing we need is price fixing laws/requirements on primary and secondary purchases of private party goods.

Yes, you basically can pay out of pocket the extra markup over appraisal, aka msrp, but a bank itself won't lend beyond appraisal because they're not stupid...well, not as stupid as before.

I don't want laws on price fixing. I just want to rescind the BS laws that outlawed the other side of the coin - direct sales. While direct sales won't fix the problem completely, it would have definitely helped. But the dealers got that banned. Yay capitalism.

 

[genericuser1]

Let me know when they are offering x-plan on them. After the first 3,000-5,000 gotta-have-it buyers get theirs the prices will drop.

There are a lot of nice performance cars out or coming out, while the GT350 is a nice car its not the only option out there.

 

[Spa2k]

Ford's standard operating procedure has been to exclude Shelbys and other specialty vehicles from the A and X plans. I don't see that changing, with a maximum of 5,000 cars a year to spread among 3,000 dealers.

 

[Blk2015GT]

They're different, but linked. If no one can buy your "ADM" marked up house because no bank will grant the loan, you will be forced to reduce it, even if there are crazy buyers who want to get a mortgage for a 40% markup on the house.

My point is that even housing which is supply and demand driven has some restrictions on pricing.

And finally, its the notion of temporary/artificial scarcity that we buyers have issue with. The 350 is scarce right now only because of the physical limits of mass production - it takes time to ramp up production. But we all know in a year or so, it won't be and these cars will be pumped out in high volume. They're taking advantage of an artificial scarcity to make a few insignificant bucks.

And those who try to take advantage of temporary, artificial scarcity? We call them douchebags. Think of every scenario, whether its drinking water during a calamity, or people buying up every iphone to sell on ebay above msrp, or ticket scalpers that buy up all the tickets then sell way above original prices...these a-holes are all scumbags that are taking advantage of a temporary or artificial scarcity to make a few bucks.

Nobody takes issue with pricing a true rare item, like a house in the perfect neighborhood or some antique one-of-kind selling for high prices in a bidding war. Theren't going to be thousands of them within a year.

We're talking cash purchase, now we have people talking lending laws and LTV and crap. Cash money I can come in and pay whatever I want even if the seller is overpriced and I want the house that bad. There is absolutely nothing illegal with a seller asking for cash only sales. But the point was cash offers- the people coming in agreeing to ADM are likely paying cash.

And well let's not compare a necessity to live like drinking water during say a hurricane to luxury items like iphones of GT350s. The drinking water 100% doucebag. The luxury items it is what it is if you want the item. But iphones they make millions, everyone who wants one has one about 1-2 months after that rush; there isn't a cap on units per year.

The scalper idea is a bit different too, that is buying a crap ton at list value and then marking them up essentially blocking out the market completely by an individual not the direct seller.

 

[R 350 gt Donson]

On thing we have in our favor is FORD is building 12 new "SVT Type cars" by 2020 right? Well we have the new; 1) Raptor 2) Fiesta 3) Focus 4) GT40 5) GT350 and its only 2016..............so in the next 4 years we will have 7 more vehicles to drool, buy..etc... over, so there is a great chance this GT350 will be old news next year...those that are waiting for the right deal....MSRP or less will get there way..no doubt. We know a GT500 is in the mix...a buddy of mine a FORD said there is rumor of a Mach 1 with the suspension of the GT350 and the V6 ECO boost engine with 550+ HP and the GT500 with a ECO boost V8 700+ HP (did not say it was a Coyote) So get a good deal or do not buy..these when the bubble burst the air goes out quickly and it going to happen fast..mark my words..lol

 

[R 350 gt Donson]

Ford will always try to one-up themselves every time...the next car/s will be no different.

 

[mustang_lurkers]

I agree with mark. Let the rich people or fools feed the buzzards by paying their money on the ADMs. By this time next year their will be several GT350s still sitting on lots and marked down to MRSP or less. The 50th Anniversary Mustangs are a great example. They were being sold at 25K over but right now there are 3 that are languishing on EBAY at MSRP with two more asking 5K over with a best offer option. That car is far more limited than the GT350 (900A)! The Mach1 is coming up and the GT500 is also coming up so the GT350 gleen will not last long. If you pay the ADM don't expect to get any of it back when you sell or trade the car. It is no different than buying a PP GT and dumping a huge bag of money out of the window as you drive away from the lot.

 

[grayforge]

Let me know when they are offering x-plan on them. After the first 3,000-5,000 gotta-have-it buyers get theirs the prices will drop.

There are a lot of nice performance cars out or coming out, while the GT350 is a nice car its not the only option out there.

Good point. The GT350's little brother is coming to the States soon: Focus RS: 315HP+ AWD HP fun!

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