The FL5 Dealer ADM Markup Thread

[mbaapk]

The unrealized losses have zero impact unless the banks need to sell securities from the investment portfolios to generate income. They've been sitting on unrealized losses for quite some time. Granted that sum is higher today than it was 6 months ago, but this phenomenon didn't occur overnight. Can, should, may...nothing has happened yet so it's all speculative and quite frankly, no one knows when it will happen, if it will happen, and to what extent. Certain indicators portend certain outcomes, but it's not an absolute and the timing is uncertain. This fear talk track has been on repeat for well over 12 months and it's exhausting.

And further, the liqudity in the national banking system (primarily commercial banks) you're referring to and liquidity in the capital markets are two very different things. And yes, the capital markets are absolutely still flush with cash. It's not a guess or an opinion, it's Economics. It's the very reason the Federal Reserve is continuing to leverage monetary policy to draw excess liquidity out of the system.

There is no fear talk track and now you have relegated to word salad. The unrealized bank losses speak to the lack of health in the sector. This is about facts. QT has a lag effect (on the demand side) and M1 money supply is draining but new news is nations are now fighting to sell treasuries to get dollars to pay off dollar denominated debt. This drives up the price of the dollar and interest rates. Bottom line (ignoring the broader macro picture ie national debt to gdp and staggering us debt interest payments), its going to be even harder to get a loan and those loans that are given will be at higher rates. This puts pressure on both the dealer and consumer. Facts don’t care about feelings, its straight economics and those who want a type r and have good credit and down payment may strike more close to msrp deals in the near future. Peace.

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[007]

I reached out to Buckeye Honda in Lancaster, OH months ago because they had a 2023 championship white CTR listed at MSRP + $1.5k in add-ons. However, they told me and others that they were selling only to local customers and then fed me some bullshit about how this was their way of "giving back" to the community...

Fast forward to now, they couldn't manage to sell it, so they texted me today, saying:

We spoke recently about a championship white Type R that I had allocated. We limited sale to local customers initially, but haven't had any serious bites so we've decided to open availability up. Are you still interested?

When I inquired about the price, this was their response:

We've added OEM accessories and our Buckeye Protect package which is a protective coating and warranty against damage on the paint, interior and windshield. Final price is $53,010. Here is a list of accessories!

I told them where they could stick their offer.

 

[halfmonkey]

I reached out to Buckeye Honda in Lancaster, OH months ago because they had a 2023 championship white CTR listed at MSRP + $1.5k in add-ons. However, they told me and others that they were selling only to local customers and then fed me some bullshit about how this was their way of "giving back" to the community...

Fast forward to now, they couldn't manage to sell it, so they texted me today, saying:



When I inquired about the price, this was their response:



I told them where they could stick their offer.

Obviously, they've marked up the accessories but at least in this case, you're getting accessories and not just a straight mark up, although it's basically the same thing just hidden in the accessory pricing. Now some of those options might include install such as wing and illuminated door sill, and wheel locks (as silly as it seems for this) but if it does include install, I guess it isn't too bad of a deal. Maybe negotiate to remove the protection package and rearrange the accessories to get the ones that you want. If those prices don't include install, maybe negotiate to include install and it'll be a better price.

 

[vote4anh]

Obviously, they've marked up the accessories but at least in this case, you're getting accessories and not just a straight mark up, although it's basically the same thing just hidden in the accessory pricing. Now some of those options might include install such as wing and illuminated door sill, and wheel locks (as silly as it seems for this) but if it does include install, I guess it isn't too bad of a deal. Maybe negotiate to remove the protection package and rearrange the accessories to get the ones that you want. If those prices don't include install, maybe negotiate to include install and it'll be a better price.

I agree. I paid a 6.5K mark up and no accessories 🫣

But to each of their own and no one is forcing anyone to buy anything.

I wished I found this amazing community before I bought the car.

 

[RacingManiac]

They are also overcharging the heck out of accessories if they don't install them too....and even if it does include install its still ridiculous. The carbon wing I think street price is $1000 less than that....

At least those stuff is better than the BS Nitrogen fill or whatever dealer paint protection or what not....but still a lot of money...

 

[007]

Obviously, they've marked up the accessories but at least in this case, you're getting accessories and not just a straight mark up, although it's basically the same thing just hidden in the accessory pricing. Now some of those options might include install such as wing and illuminated door sill, and wheel locks (as silly as it seems for this) but if it does include install, I guess it isn't too bad of a deal. Maybe negotiate to remove the protection package and rearrange the accessories to get the ones that you want. If those prices don't include install, maybe negotiate to include install and it'll be a better price.

Couldn't agree more. But honestly, all I want is a stripped-down Type R. Though I guess it's not so "stripped down" when they're charging extra for a color, huh?

Spare me the carbon fiber gimmicks and other frivolities. Carbon fiber is the auto industry's most overhyped sham. Wheel locks? Fine, they're tolerable, even if I didn't ask for them. Alcantara on the steering wheel? Absolute garbage. It's the pinnacle of impracticality – take it from someone who's been down that regrettable path during my BMW years. I'll concede, the mats and cargo tray might be passable. But a leather shift knob? Ridiculous. Give me the raw, metallic finish, even if it feels like touching the surface of the sun in July.

If I wanted, I could hawk half of these "extras" and get some cash back. But I don't want to bother with the headache of selling and shipping all this junk.

 

[Clark_Kent]

Obviously, they've marked up the accessories but at least in this case, you're getting accessories and not just a straight mark up, although it's basically the same thing just hidden in the accessory pricing. Now some of those options might include install such as wing and illuminated door sill, and wheel locks (as silly as it seems for this) but if it does include install, I guess it isn't too bad of a deal. Maybe negotiate to remove the protection package and rearrange the accessories to get the ones that you want. If those prices don't include install, maybe negotiate to include install and it'll be a better price.

The items are listed under 'Dealer Installed Options' so as the title implies, they are likely priced installed. Doesn’t matter, it's not a great deal. You're going from $1,500 over MSRP to $7,600 over.

 

[wrxdev13]

Phil Hughes Honda, in Athens, Georgia has a CW coming soon.
MSRP + $5,000 ADM + $1,594 in accessories. Will sell only within Georgia.
I think the ADM can be negotiated and possibly out of state as well.

 

[garoto]

Man, the fact that anyone would even entertain this car priced like that.

 

[pocketsaintemptycuz]

Galpin honda in LA was offering me msrp+ 4k all in for the CBP.

Seems that dealer is the most competitive in so cal. I tried for 3K but they weren't budging. Neither was I. I probably would be driving a CBP had they agreed to 3k over. And per the salesperson via text it was msrp +4K. accessories included.

3k over is reasonable considering it's about to be a year old model.

Norm Reeves in Cerritos has a bunch of Type Rs in store and in transit. Straight up hoarding. They too are at 5k over when you haggle but I didn't bother clarifying if that's 5k with or without accessories included in the markup. Honda in Ontario is smoking crack with 10k firm over msrp. Honda Woodland Hills is also at 5k.

3k is my limit and I only want a CBP. I'm not desperate and I'm willing to wait for MSRP-3K. Time will tell.

But if anyone was holding out on 5k over its easy to get one. But I think everyone should continue to hold the line and let them hoard until they start being more reasonable than 5k. So many FL5s just sitting there collecting dust in Socal over fucking greed.

 

[garoto]

It’s still crazy to me how anything over is okay. As if the MSRP wasn’t already high enough.

I still remember when I got my brand new 2018 FK8 for $37k OTD + Fees

here we are pushing $20k on top of that. Just nuts.

Surprised the market is still like that too.

 

[Fanatic]

Galpin honda in LA was offering me msrp+ 4k all in for the CBP.

Seems that dealer is the most competitive in so cal. I tried for 3K but they weren't budging. Neither was I. I probably would be driving a CBP had they agreed to 3k over. And per the salesperson via text it was msrp +4K. accessories included.

3k over is reasonable considering it's about to be a year old model.

Norm Reeves in Cerritos has a bunch of Type Rs in store and in transit. Straight up hoarding. They too are at 5k over when you haggle but I didn't bother clarifying if that's 5k with or without accessories included in the markup. Honda in Ontario is smoking crack with 10k firm over msrp. Honda Woodland Hills is also at 5k.

3k is my limit and I only want a CBP. I'm not desperate and I'm willing to wait for MSRP-3K. Time will tell.

But if anyone was holding out on 5k over its easy to get one. But I think everyone should continue to hold the line and let them hoard until they start being more reasonable than 5k. So many FL5s just sitting there collecting dust in Socal over fucking greed.

Split the difference between 3 and $4,000 and make it 3500 and start enjoying the vehicle.

 

[Fanatic]

It’s still crazy to me how anything over is okay. As if the MSRP wasn’t already high enough.

I still remember when I got my brand new 2018 FK8 for $37k OTD + Fees

here we are pushing $20k on top of that. Just nuts.

Surprised the market is still like that too.

Almost everything is going up these days. Honda's msrp is now about 45k compared to that 37k. So that's an 8,000 increase plus whatever markup the dealer has.

 

[pocketsaintemptycuz]

Split the difference between 3 and $4,000 and make it 3500 and start enjoying the vehicle.

Nah <3k is generous for an almost last year model.

It’ll happen for me. And I don’t mind waiting.

 

[AtmosFearik]

Galpin honda in LA was offering me msrp+ 4k all in for the CBP.

Seems that dealer is the most competitive in so cal. I tried for 3K but they weren't budging. Neither was I. I probably would be driving a CBP had they agreed to 3k over. And per the salesperson via text it was msrp +4K. accessories included.

3k over is reasonable considering it's about to be a year old model.

Norm Reeves in Cerritos has a bunch of Type Rs in store and in transit. Straight up hoarding. They too are at 5k over when you haggle but I didn't bother clarifying if that's 5k with or without accessories included in the markup. Honda in Ontario is smoking crack with 10k firm over msrp. Honda Woodland Hills is also at 5k.

3k is my limit and I only want a CBP. I'm not desperate and I'm willing to wait for MSRP-3K. Time will tell.

But if anyone was holding out on 5k over its easy to get one. But I think everyone should continue to hold the line and let them hoard until they start being more reasonable than 5k. So many FL5s just sitting there collecting dust in Socal over fucking greed.

Thanks for the scouting report. I think the most I'd do is $2k over at this point from a local dealer. I've remained steadfast about not paying more than MSRP. The market is coming back towards us so staying patient is key.

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