DrPerez007
Well-Known Member
Sad, but true, demand presently exceeds supply and since Jeep is essentially “carrying” FCA financially these days, this is probably not the last of the increases we will see across the entire JL line. As equally as unfortunate is that the new Jeep pickup is likely going to be one expensive vehicle when it appears later this year. Hopefully, Ford gets to market first with the new Ranger pickup just to keep Jeep JT prices ‘somewhat stupid versus completely stupid.’
As for the factory order, in Wisconsin, for example, our DOT advises that under certain conditions the law allows the dealer to adjust the contracted purchase price of an order-out new vehicle due to changes in the manufacturer's price. Manufacturers do not have consistent practices on price protection and it is important that buyers are aware of each manufacturers pricing policies. The price protection section on the purchase contract must be completed in order to adjust the price.
A dealer may also legally increase the purchase price of an order-out vehicle for the following reasons:
Any additional equipment required by state or federal law
* For foreign vehicles, a revaluation of the U.S. dollar by the U.S. government
* Increase of state or federal taxes on the vehicle
* Raising the price of a vehicle after a purchase contract has been signed by a customer and accepted by a dealer, for reasons other than those allowed, is illegal and known as "bushing."
So it appears that under very limited, certain circumstances in Wis the dealer could hold your JL hostage for the new higher price if they have complied with the law. In any case, however, since consideration (price) is an essential element of a contract, any subsequent and substantial change in that element after you place a factory order is likely to allow the contract to be canceled by the buyer with a refund of the deposit (if the dealer legally demands the increased price). No dealer should refuse to refund the deposit for multiple reasons if there is a price increase, including, among others, because the JL is simply a commodity that can be easily sold to the “next guy,” so the dealer is out nothing beyond some deminimis or nominal amount. In fact, some dealers may be happy to refund the deposit on a now higher priced unit because the "next guy" may mean more profit on the higher MSRP.
As an aside, as to the resale posting, I waited patiently until I found a used 2016 JKU Sahara (Hydro Blue) at approximately 83% of MSRP, one year old with 12,500 miles. Good deal? Beats me, but I was happy because I used every penny of the $$$ saved for upgrades. And now with the price of an ‘18 JLU Sahara well over $13,000 more than what I paid for my ‘16 (and no Hydro Blue; but admittedly with a couple of options not available on my ‘16), I’ll be keeping it longer than I thought.
FCA hasn’t necessarily lost me as a customer, but likely it has lost me as a new vehicle one.
As for the factory order, in Wisconsin, for example, our DOT advises that under certain conditions the law allows the dealer to adjust the contracted purchase price of an order-out new vehicle due to changes in the manufacturer's price. Manufacturers do not have consistent practices on price protection and it is important that buyers are aware of each manufacturers pricing policies. The price protection section on the purchase contract must be completed in order to adjust the price.
A dealer may also legally increase the purchase price of an order-out vehicle for the following reasons:
Any additional equipment required by state or federal law
* For foreign vehicles, a revaluation of the U.S. dollar by the U.S. government
* Increase of state or federal taxes on the vehicle
* Raising the price of a vehicle after a purchase contract has been signed by a customer and accepted by a dealer, for reasons other than those allowed, is illegal and known as "bushing."
So it appears that under very limited, certain circumstances in Wis the dealer could hold your JL hostage for the new higher price if they have complied with the law. In any case, however, since consideration (price) is an essential element of a contract, any subsequent and substantial change in that element after you place a factory order is likely to allow the contract to be canceled by the buyer with a refund of the deposit (if the dealer legally demands the increased price). No dealer should refuse to refund the deposit for multiple reasons if there is a price increase, including, among others, because the JL is simply a commodity that can be easily sold to the “next guy,” so the dealer is out nothing beyond some deminimis or nominal amount. In fact, some dealers may be happy to refund the deposit on a now higher priced unit because the "next guy" may mean more profit on the higher MSRP.
As an aside, as to the resale posting, I waited patiently until I found a used 2016 JKU Sahara (Hydro Blue) at approximately 83% of MSRP, one year old with 12,500 miles. Good deal? Beats me, but I was happy because I used every penny of the $$$ saved for upgrades. And now with the price of an ‘18 JLU Sahara well over $13,000 more than what I paid for my ‘16 (and no Hydro Blue; but admittedly with a couple of options not available on my ‘16), I’ll be keeping it longer than I thought.
FCA hasn’t necessarily lost me as a customer, but likely it has lost me as a new vehicle one.
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