The Down and Dirty ADM Thread

[stanglife]

No anger here.

Good thing there's no anger.

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[Glenn G]

ADM: When being upsidedown on your loan by several thousand the second you drive off the lot just simply isn't enough.

 

[jwhite]

ADM or no ADM, once you drive the car off the lot you're upside down on financing. I guess I can't believe the hate " f**k you Ford "? It's not Ford its the dealers. Ford gave us what we wanted,a one of a kind car, limited production, high performance, and looks great! I don't like the ADM any more than anyone else here does, just as the dealer hates seeing guys come in and want invoice prices and has to move that F150 for the new batch coming in. Be honest with your self, you're the owner of a dealership what are you charging?? Be honest...

 

[Glenn G]

ADM or no ADM, once you drive the car off the lot you're upside down on financing. I guess I can't believe the hate " f**k you Ford "? It's not Ford its the dealers. Ford gave us what we wanted,a one of a kind car, limited production, high performance, and looks great! I don't like the ADM any more than anyone else here does, just as the dealer hates seeing guys come in and want invoice prices and has to move that F150 for the new batch coming in. Be honest with your self, you're the owner of a dealership what are you charging?? Be honest...

True you are upside down, the second you drive off the lot, but only a few k at most. With ADM you are upside down before you even sign the papers. As far as I'm aware, no insurance company offers gap coverage for ADM leaving you in a massive hole if it is wrecked/stolen.

 

[KCRay]

Another opinion (like we NEED another opinion!?) - Do I like ADM - NO ! Do I understand it? - yes. How many here have complained about buying a "normal" car and paying thousands LESS than Sticker? Buying a vehicle for "invoice", or thereabouts?- I'm guessing very few, if any. So like most things in like - you've got to take the "yank" with the "ying". In the end, we, the consumer, still decide what they sell for...........if NOBODY buys one at $10K "over"........my guess is that dealerships would HAVE to come down on pricing. But if dealer "A" sees dealer "B" making an extra $10K, 9 out of 10 times, he's gonna wanna make that extra $10K as well.

 

[SDShelby]

We cannot blame Ford for ADM's. And as much as it pains me to write this, we cannot blame the dealers (I just threw up in my mouth a little). We can only blame ourselves. If none of us agree to pay over MSRP, there will be no cars sold for over MSRP. I want a Mustang Shelby GT-350 as bad as the rest of you, but I will not pay over MSRP. So I sit and wait until all the people who want to overpay, disappear. Hopefully that happens soon, because I really am looking forward to driving one.

 

[superman07]

the problem is that there are at least 100 people out there that will gladly pay ADM for an R. With the ZL1 and 1LE Hopefully it drags away some cross shoppers.

Dealers that do not do ADM while admirable, really are leaving money on the table. For them it is obviously worth it to get / keep a customer and prohibit the bad word of mouth. Even if we must pay to play, remember there is nothing that says your friends, family, and other associates cant be swayed to stay away from these folks.

I will be recommending to any that will listen that they should run, not walk away from Rickart in Columbus.

 

[superman07]

GAP Insurance = worthless with ADM.

 

[krt22]

We cannot blame Ford for ADM's. And as much as it pains me to write this, we cannot blame the dealers (I just threw up in my mouth a little). We can only blame ourselves. If none of us agree to pay over MSRP, there will be no cars sold for over MSRP. I want a Mustang Shelby GT-350 as bad as the rest of you, but I will not pay over MSRP. So I sit and wait until all the people who want to overpay, disappear. Hopefully that happens soon, because I really am looking forward to driving one.

This has been toted over and over again, fails to account for the case where there are simply more willing buyers than cars available.

And those who hold fast and refuse to pay ADM, well they may just never get a car.

 

[krt22]

True you are upside down, the second you drive off the lot, but only a few k at most. With ADM you are upside down before you even sign the papers. As far as I'm aware, no insurance company offers gap coverage for ADM leaving you in a massive hole if it is wrecked/stolen.

You can get stated value insurance. And insurance payouts are not based on MSRP, they are based on current market value.

KBB currently has my 600 mile old car at $73,286. 68-74k as a trade in

 

[VTECSAUCE]

Exactly. Ford created a car that you had to have. Stood in front of us all on national TV and sold us a bill of goods on how affordable it was. "Attainable for the average guy." Then they created a "limited edition" smoke and mirrors game. Made us wait forever then chummed the waters with a few 15's so the dealer sharks could devour us when we gathered. F@ck you Ford. Keep your car.

Absolutely. Henry Ford would turn in his grave seeing this shit show. Using a dead mans name on their car which had nothing to do with its production to increase profits, only for dealers to further bend ppl over for it with ADM. LOL, its silly to me.

 

[VTECSAUCE]

You can get stated value insurance. And insurance payouts are not based on MSRP, they are based on current market value.

KBB currently has my 600 mile old car at $73,286. 68-74k as a trade in

LOL, i'll believe that when I see the owner of the first wrecked Shelby holding a check from the insurance company for that much. Civic hatches still sell for $4k all day long. I'd be lucky to get $800 if mine got wrecked tomorrow.

 

[Secondtime]

Krt22 if the insurance company has your car valued at 68-74 God bless , I really can't see the insurance company giving you any more than msrp I may be incorrect and if I am I'm sorry. I only question this due to having a couple of cars insured under market value (classics) and I know what they are covered for and the costs I currently have in them .
Current market value is msrp this is not 10 years from now where you can not order or get a new left over 2016 so this is where my doubt is about your insurance coverage .Once again I could be wrong just stating what my personal limited knowledge is .

 

[CANTWN4LSN]

Dealers that do not do ADM while admirable, really are leaving money on the table. For them it is obviously worth it to get / keep a customer and prohibit the bad word of mouth. Even if we must pay to play, remember there is nothing that says your friends, family, and other associates cant be swayed to stay away from these folks.

May I just proffer one other possibility and that is that there are dealers out there who treat others like they would like to be treated. They perhaps feel that it is not all about the money but how fairly we treat each other first, happier being comfortable rather than rich.

 

[krt22]

Krt22 if the insurance company has your car valued at 68-74 God bless , I really can't see the insurance company giving you any more than msrp I may be incorrect and if I am I'm sorry. I only question this due to having a couple of cars insured under market value (classics) and I know what they are covered for and the costs I currently have in them .
Current market value is msrp this is not 10 years from now where you can not order or get a new left over 2016 so this is where my doubt is about your insurance coverage .Once again I could be wrong just stating what my personal limited knowledge is .

Again this is where stated value insurance comes into play.

And insurance companies pay out based on current market value, thats why most cars drop like a rock in value once they go from used to new. Its a rare case where a car sells more used market than original MSRP, buts its not unheard. Obviously ive never wrecked a GT350, but I did wreck a different car which resulted in a payout higher than KBB/NADA due to local demand

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