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as TangoRed says, besides maybe saving the dealer some TIME in doing the deal (not having to do financing paper, etc.), and we all know they have lots of time, the dealer is NOT interested in a cash sale - they want every transaction financed as they make more money that way.
They also take a larger risk on having the vehicle foreclosed, and losing out on the balance of what is (or will be) owed. That's one reason (among many) why I myself have paid cash for every car I've ever owned. It's safer, simpler, and more foolproof for all those involved......and, in a number of cases, results in a better deal. Most of those I have shopped with (who have enough in their bank accounts to cover a cash sale) have agreed, and have gone home happy, knowing the car and title is (legally) theirs, and can't be repossessed.
They also take a larger risk on having the vehicle foreclosed, and losing out on the balance of what is (or will be) owed. That's one reason (among many) why I myself have paid cash for every car I've ever owned. It's safer, simpler, and more foolproof for all those involved......and, in a number of cases, results in a better deal. Most of those I have shopped with (who have enough in their bank accounts to cover a cash sale) have agreed, and have gone home happy, knowing the car and title is (legally) theirs, and can't be repossessed.
I know this is kind of irrelevant to a new car dealership, but I will throw my two cents in here.
I worked with somebody who's family business was a slimey "Buy Here/Pay Here" type of used car lot. The type where your Joe Dirt Bag/Bonquiqui with a credit rating of negative 580 shops, they do week to week payments lol. Anyways, their business model was to sell a car in the $3000 to $20,000 range to some broke ***/shady *** person, get them financed in a loan from the dealer(no outside fiance company), charge them credit card like interest rates. They put GPS trackers in the car and made spare keys for the cars. It was kind of a game, they knew these people had no means or intentions of paying the loan off. Miss a payment, repossess the car the next day. Resell the car to some other loser, repossess same car, wash, rinse repeat. He said they usually sold the same car 3 or 4 times, the average buyer keeping it less than 6 months. Yeah they didn't make squat off of cash sales, their entire business model was based off their 25% APR financing.
As for new car dealerships, do they actually hold liability if you default on your loan??? I thought they used outside finance companies like GMAC, Lexus Financial Services, ie an outside bank that holds the bag if you default.
After waiting just over 6 months...The Raptor has arrived! The dealer held up their end of the deal and sold it to me for MSRP.
This truck is huge. Can't wait to take it off-road!
After waiting just over 6 months...The Raptor has arrived! The dealer held up their end of the deal and sold it to me for MSRP.
This truck is huge. Can't wait to take it off-road!
Congratulations.
Ordinarily, one should not have to pay full-MSRP (or more), but that occasionally happens with high-demand, low-supply vehicles.
If you are going take it off-road, get yourself a bottle of this. Inexpensive, and good stuff.....and you may end up needing it.
I kind of like the old 60's/70's F O R D pickup that had it spelled out on the hood in big block letters. Personally I think that the Raptor front end looks menacing and wa
I also respect the capability of the Raptor, hell I'd love to own one as a daily driver. However as a pure off road machine, its great for the wide open spaces out west, the dirt trails, etc. I personally think its also way too big for serious off road work, ie that narrow trail through the woods. Give me something like an old 80's/90's 4wd/reg cab Toyota pickup, 1st gen Tacoma, a Suzuki Samurai, or a Jeep CJ/Wrangler if you really are serious about going into the backwoods around where I live. Horsepower doesn't matter on those narrow trails, being small with the right gearing and right tires is where its at in my neck of the woods. The Raptor would get stuck between trees or rocks since its so wide.
Thanks everyone!
I'm taking the Raptor out to the Pismo dunes in a couple weeks and then out to the SoCal deserts after that. Additionally, I'm doing the free 2 day driving school in Utah that Ford offered everyone who purchased a 2017 Raptor, called Raptor Assault.
Here's a great Motor Trend Ignition episode with Ken Block driving the 2017 Raptor that shows some of the truck's capabilities:
Ordinarily, one should not have to pay full-MSRP (or more), but that occasionally happens with high-demand, low-supply vehicles.
If you are going take it off-road, get yourself a bottle of this. Inexpensive, and good stuff.....and you may end up needing it.
MSRP deals were tough to find. After calling hundreds of dealerships across the country, I was able to score a MSRP deal with a Ford dealer in Vegas however it turned out that they didn't have an allocation for me. Then I was lucky to get an allocation at MSRP from a dealership in Northern California. At my local dealer here in Santa Barbara, they are adding $20K ADM to their Raptors, which is the case for most of CA. $10K ADM is the norm across the country. One thing I found out was that there are only a handful of states that can add the CA emissions option to the vehicle. So, while I was able to find MSRP or under deals out of state, an out of state purchase from a non-green state could have caused a real headache getting this registered in CA.
I'm not too worried about scratches from off-roading. It's a truck.
Originally Posted by mmarshall
I think he was joking.
Having said that, though, I'm not a fan of big black-plastic lettering myself. If you are going to label a Ford, do it correctly.......
