He tried to tell me that their warranty would cover whatever tire and wheels I put on the Jeep.
The point was not a pretty good deal but rather the % below invoice claim. The statement was 5% below invoice. That is not 5% below no matter what 5th grader does the math.
Try reading at the sixth grade level. He said the Jeep was listed on the web for 1% under invoice, not listed for 5%. 5% below was the deals he was claiming that could be had. It looks like the web price was over 3% under invoice.
Yes, many dealers try to add things in to make up for better deals on the new vehicle price. Higher interest rates, terrible trade in values, warranty scams, high paperwork fees....... And then there are the highly desirable vehicle mark ups over msrp. Not to mention dealer add ons(window tint, wheels, tires, lifts, lights, etc) for well over double the true installed cost. They act like they are loosing money, but that isn't happening. Good luck learning about dealer holdback and other super secret money back to the dealer from the manufacturer without an insider.
Do the math. It's easy to look up the invoice cost of the options. INVOICE on that Jeep is $49,274. It is 3.3% UNDER invoice. Maybe you should AT LEAST do the math before you spout off?
That was just an example of an area dealer that was selling below MSRP. Mine is through a different dealer in Mckinney, Tx but my deal is below invoice as well. My MSRP is $56,249. Invoice price on mine was $52,752. My signed deal is for $49,586, which is right about 6% under invoice. My financing is through my bank. I bought no extended warranty or service plan through the dealership. I will buy an extended warranty, but I'll do it online rather than through the dealer.
Not sure if I'm violating any forum rules but do you know of any reputable online extended warranty companies? Most of them seem bogus.
If you go to Edmunds or NADA, and build one it will show you the MSRP, the Invoice and a good back number. I just used it and got below invoice. I went to 4 dealers two were stuck at 500 below MSRP, the other two were happy to go to employee pricing.I haven't come across actual details on the holdback and such, but it would sure be nice to know specifics.
Especially on $50k plus JLUR.