How will ordering work in December?

Sunchaser99

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Will this be available for lease?
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Granger Ford

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The quote was, "Reservation turned into an order"

Meaning that the customer lost their hand money but the dealership was still responsible for the vehicle from Ford and had to see it on their lot.
Well at that point yes the dealer keeps and sells at whatever they want....
 

Bronc-O

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Typically your dealership might require a non-refundable deposit of $500 or $1000 once you submit your order sheet.

So if you back out of the deal and never take delivery, the dealer still makes out a little for the hassle of now having to sell the vehicle on its lot.
Some dealers might let you move that deposit to another vehicle to keep your business.
 

Granger Ford

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No doubt that Granger is doing what they can for us, but unfortunately for those of with trades, that trade in value could make the difference. In Wisconsin, we only pay sales tax on the difference between trade value and purchase price, so selling privately usually isn’t worth it on a vehicle that is worth $20K and up.
Why $20k Threshold

Don't know the tax rate in WI but Iowa is 5%

So a $20,000 dealer bid saves you $1000 in taxes

However you sell it prior to your Bronco arriving for anything over $21,000 that is a benefit for you the customer.

That is the beauty of an order (I do have fall back vehicles that I own) you can sell your DD prior to the Bronco arriving...
 

WildTrak

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Why $20k Threshold

Don't know the tax rate in WI but Iowa is 5%

So a $20,000 dealer bid saves you $1000 in taxes

However you sell it prior to your Bronco arriving for anything over $21,000 that is a benefit for you the customer.

That is the beauty of an order (I do have fall back vehicles that I own) you can sell your DD prior to the Bronco arriving...
Sorry, didn’t mean to specify the $20K was some arbitrary line in the sand... just as you get to higher value vehicles, the drama in dealing with craigslist, FB marketplace and the headache with tire kickers, scammers, etc. becomes less worthwhile because of how much you can save in sales tax.

I have gotten much too old to deal with private sales any more.... too many nut jobs out there.
 

Granger Ford

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Several reasons:

Lack of ownership (nothing to show for at end of lease)
Interest rates are hidden within leases and are way higher than on regular car loans
Mileage limits
So take me that keeps a vehicle 1 -2 years, drives 6 to 10k per year and can rent (lease) without the fear of depreciation...

If it holds value then I can sell it and recoup the extra $$

So how it is bad I ask again?

In my early years as an accountant the saying was rent what depreciates and own what appreciates..
 

Granger Ford

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Sorry, didn’t mean to specify the $20K was some arbitrary line in the sand... just as you get to higher value vehicles, the drama in dealing with craigslist, FB marketplace and the headache with tire kickers, scammers, etc. becomes less worthwhile because of how much you can save in sales tax.

I have gotten much too old to deal with private sales any more.... too many nut jobs out there.
I do understand the drama of FB and CL that is why I use online car sources...
 

atonge40

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Several reasons:

Lack of ownership (nothing to show for at end of lease)
Interest rates are hidden within leases and are way higher than on regular car loans
Mileage limits
The lease on my Ranger was so good that it made more sense than buying. Especially because I was planning on buying a Bronco. The incentives at the end of last year were nuts.

The interest rate was under 3%.
 

bigjwalt

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Several reasons:

Lack of ownership (nothing to show for at end of lease)
Interest rates are hidden within leases and are way higher than on regular car loans
Mileage limits
Its the same as financing a vehicle at 14-16% after the math. Terrible financial decision!!!
 

Sunchaser99

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So take me that keeps a vehicle 1 -2 years, drives 6 to 10k per year and can rent (lease) without the fear of depreciation...

If it holds value then I can sell it and recoup the extra $$

So how it is bad I ask again?

In my early years as an accountant the saying was rent what depreciates and own what appreciates..
I always lease with option to buy. How do we know these can’t be leased?
 

TripleB

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When the order banks open and my dealer calls me below is what I will say. No trade for me.

Me: Here’s the options/build I want how much below invoice, out the door?
Dealer:xxxxx
Me: Call me back when you have some sort of deal for me, I’m not in a hurry.

I will wait a few days for them to call me back while I shop around for better deals.
 
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