Nonprofit markups.org is exposing the most egregious new car prices

Re:Nonprofit markups.org is exposing the most egregious new ... by fny on Wednesday August 03, 2022 @04:20AM (#32329026)

I feel like consumers writ large are forgetting they can protest. If everyone collectively rejects higher prices, the price will come down.

Everyone is manipulating this inflation sentiment to wring consumers out of every penny until they're broke.

Stop paying for things where the price has exploded higher and force businesses to deal with tighter margins. Prices will normalize.

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Re:Nonprofit markups.org is exposing the most egregious new ... by SamuelAdams on Wednesday August 03, 2022 @09:04AM (#32331153)

Unfortunately many people do not care about the total cost of the vehicle. They care about the monthly payment. As long as they pay less than 700 USD a month it’s affordable. Even if it’s stretched over a 7-8 year loan at 5% interest.

So if you want people to stop paying high prices, you need to get them to look at the total cost of the vehicle. And you need to get lenders to stop handing out loans longer than 4 years. Unfortunately they don’t have an incentive to do this because long, high interest loans are profitable.

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Re:Nonprofit markups.org is exposing the most egregious new ... by massysett on Wednesday August 03, 2022 @06:11AM (#32329767)

This doesn’t work when your car is totaled, body shops are backed up for weeks, and you need a car to get to work.

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Re:Nonprofit markups.org is exposing the most egregious new ... by atestu on Wednesday August 03, 2022 @06:45AM (#32329984)

Just buy a used car?

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Re:Nonprofit markups.org is exposing the most egregious new ... by dagw on Wednesday August 03, 2022 @06:48AM (#32329991)

The used car market is experiencing exactly same markups and 'price gouging' as the new car market.

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Re:Nonprofit markups.org is exposing the most egregious new ... by thowren87 on Wednesday August 03, 2022 @08:03AM (#32330566)

Yeah, sadly the used car market is suffering as well! Read more: https://www.autoweek.com/news/industry-news/a40690607/averag...

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Re:Nonprofit markups.org is exposing the most egregious new ... by atestu on Thursday August 04, 2022 @03:25AM (#32340168)

I recently bought a used car, and while the prices are up, I didn't see any 10K markups or price gouging. It's still a much more sensible choice to buy a used car.

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