Vault: It's Not Illegal for a Dealer to Charge 'Too Much' for a Car

If I could put my two cents in here I agree with Steve’s priceless advice. This is information you can take to the bank

Sounds like Jim is a republiKKKan!

Isn't the value whatever someone's willing to pay?

I think what Jim is trying to say is that because he perceives your clients as having less money, they deserve to be screwed over.

Some people are ignorant. Just call them what they are.

too bad
mSRP IS JUST THAT!

I can’t believe the video about this subject is so long 😂. This one seems like common sense.

Similar to real estate another good one chers from NZ

Is it morally right to let a sucker keep their money?

Hahaha look at how naked that back wall is. This video is OLD!

Ben is in Steve's wallet...

Pre COVID you rarely paid sticker it was always less. Now a days it's more.

yes, but is it illegal to publicly yell the dealer has gouged you???

I would love to see better alternatives emerge to replace the dealership model

I’m working at a dealership in the ‘80’s.
Constantly watching people being “thrown over the wall”.

One day- nice couple comes in. Just married. Just bought a house. Want to start a family.
We are looking at their Trans Union report. We are the 3rd dealership they has been to today.
Owner says “ Finance it, I’ll UG the note!”
I say. They obviously can’t afford this. They are going to end up bankrupt and maybe worse divorced.

He said “ Not my problem and that car hold value and I’ll gap insure it. If they fold I’ll make even more money “.

I was done. I forever retired from Corporate Politics.

I’ve been nearly broke ever since. Barely own anything and happy as I can be.

How df does someone like Jim get that far without seeing the logic? Like, you would think attorneys are smart.

Steve, if someone tried to charge elderly or disabled people a grossly excessive amount for a car, could you sue for discrimination of a protected class?

"Most of my topics on Lehto's Law are ripped not from the headlines..."
That's certainly changed in the past six years!

Was it Jim McGill, because it sounds like a Jimmy McGill type argument?

Good morning Steve! Have an awesome day