As much as I want a new car, I don't want to over pay for it. Even though there is a shortage of cars, there is no excuse to charge $3000 over MSRP on an entry level car. Dealers may get the sale now, but will not get the next sale after the supply chain returns to a new normal.
Over the past few weeks, I've visited dealerships and have been told that they will not make deals without charging extra for the car. If a dealership indicates that it has wiggle room in making a deal, it's not enough room to get me to bite. If a dealership claims to be willing to sell a car at MSRP, I've found that the dealership will throw on a BS line item to get that extra profit. Finally, due to a lack of inventory, dealerships will sell used cars for the price of a new car.
Things will return to normal. How soon, no one knows. But if one can afford to wait for a new car, it pays to do so. There are mixed opinions on whether a healthy normal will return, due to a long term shortage of computer chips. But I feel that the industry will figure out a way to build new supply chains to maximize potential sales. And if I'm right, things should start to ease up in the next few months. This is worth waiting for....
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