COVID WRECKED 2025 CAR PRICES? (New FAKE FEES) Kevin Hunter The Homework Guy

Рет қаралды 5,054

Күн бұрын

Did Covid wreck the 2025 US Car Market and Car Prices? Just a few years later, we still feel the effects of the pandemic on the car market and dealers have new fake fees and add-ons for consumers to combat. What to Expect When Buying a New or Used Car in 2025 and 2025 Car Market Update Report by Kevin Hunter The Homework Guy. THG brings the best Hassle Free Car Buying Service in the USA and God Bless America!
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1. Market Adjustment Fees
In some areas and with some brands, dealers are still slapping on hefty "market adjustment" fees due to high demand and what they still claim is limited inventory. These fees can add thousands to the MSRP, often with very little justification other than "because we can."
Tip: Don’t even stop at dealers with a market adjustment. If it’s a common tactic in your area, always check if similar models are available at other dealerships outside your immediate area without the markup.
Brands and Models Commonly Reported to STILL be using Market Adjustments:
High-Demand Brands: Brands like Toyota, Honda, and Lexus are the biggest offenders. These brands CAN sometimes have limited inventory, leading dealers in various geographic pockets to think it’s appropriate to implement Market adjustment markups on popular models. If this is true in your area, DO NOT visit those dealers. Shop OUTSIDE of your area.
Luxury and Performance Vehicles: Luxury brands, including certain Japanese and European manufacturers, may also experience some markups due to their unique desirability and limited availability.
Trick # 2. Mandatory Add-Ons
Dealerships have taken to bundling unnecessary add-ons like nitrogen-filled tires, wheel locks, extended warranties, and overpriced protection packages-and they claim they “can’t” remove them. Interestingly enough, the common bundles are made up of some of the most worthless add-ons dealers have ever come up with…. Like the nitrogen filled tires and protection packages.
Pro Tip: Of course, this tactic is illegal tied selling, so push back and ask to see the breakdown of these add-ons. If you can’t get them removed, walk out and find a dealer that doesn’t force them on their customers. While there are signs that dealers are departing from this kind of behavior, the better dealers abandoning these tactics are still in the minority.
3. Hidden Fees in the Fine Print
Fees are something that is unlikely to EVER die. Fees, Fees, and more Fake Fees! Dealer eat, live, and sleep Fees. But, of late, some dealerships are sneaking in confusing fees under more generic labels like "reconditioning fee," “administrative fee,” “customer service fee,” “salesman commission fee,” “inspection fee” “theft & security fee,” or even “COVID recovery fees.” When we published our video on 11 Fake fees, None of these new fees made it on that video. These new fees can add hundreds or even thousands to the final price. And unlike a forced product add-on, fees like this cannot be cancelled after the fact. That’s a really big reason dealers love fees so much!
Tip: Always review the fee breakdown and challenge anything that seems vague. As far as the FTC is concerned, every taxable dealer fee is a “Junk Fee,” and that even includes the document fee which has gotten totally out of hand!
4. Bait-and-Switch Pricing
There's a reason our Hassle free car buying coaches always start the conversation with a dealer by saying “Go put your hands on this vehicle” (quoting a stock number), because they don’t want to waste time negotiating on a vehicle that doesn’t exist on the dealer's lot, and they are protecting our fans from a potential “bait & switch.” Dealers routinely advertise cars at attractive prices online, only to claim they’re "sold" when you arrive, or that the vehicle isn’t ready to be seen. But, then they try to upsell you to a much pricier option.
Tip: Call ahead like our Car coaches do to confirm availability and get the total price in writing (the written OTD format) before visiting the dealership.

Пікірлер: 32

@ptsmith4660 5 күн бұрын

I stopped at a Jeep/Ram/Dodge dealership yesterday. There were 8 sales guys standing around, not one single shopper. The place was dead. I suspect this dealership is on the way toward bankruptcy.

@fredhenry9660 5 күн бұрын

Car dealers "earned" their reputation. It's all on them.

@bertg.6056 4 күн бұрын

This happened to me last month. I decided to replace my Corvette C6 with a C8. I went to the dealership where I bought the C6 new, and asked to take a test drive in a C8. Nope, no test drives. No sale, pals.

@Max-br6xg 4 күн бұрын

Need to expose all the crooked dealers by name

@hctim96 4 күн бұрын

I mentioned before that a dealer tried to "hide my trade"and refuse to give me my keys back.. I STARTED YELLING AND JUMPED UP ON THE TABLE telling the other customers what the dealer was doing..The dealer totally FREAKED OUT with my antics. They "miraculously" found my keys, threw them out the door and told me to GET OUT!! I laughed the whole time while slow walking out the door never to return...

@questionMark4443 5 күн бұрын

Most dealers are crooks 😊and make up charges the norm.

@MikeHawk4U2 Күн бұрын

They learned it from the Cable companies 😊

@jillandrews6132 2 күн бұрын

Love your tips. Mark up costs in addition to the cost of the auto, are enough to make folks get off the chair, leave, and buy somewhere else. Guess we should ask-up front.

@KevinHunter 2 күн бұрын

You need to ask over the phone and get it all in writing before you even go to the dealership.

@bobm21 3 күн бұрын

Here in California is it mandatory to pay the $85 documentation fee?

@pete84101 5 күн бұрын

One recommendation: take a picture of the window sticker. My failure was forgetting what the vehicle cost, options and depending on the dealer on the numbers.

@BobDobbs681 5 күн бұрын

Very helpful. Thank you.

@KevinHunter 5 күн бұрын

You're welcome!

@bngr_bngr 5 күн бұрын

Sounds like we are forced to buy cars from criminal enterprises.

@KevinHunter 5 күн бұрын

They aren't very far from being exactly that!

@multimeter2859 5 күн бұрын

Have you had any dealers try to blame price hikes on Trump tariffs yet?

@ricardovillafane7308 5 күн бұрын

Hi I will like to know how long you can have, to flight a dealer for mis information on record for any car condición.

@robertarmagost9908 4 күн бұрын

Getting financing on your own is also a psychological advantage. If I depend on the dealership to get me financing I feel I'm at their mercy if I want that car. With the loan approval from my credit union you feel free that at anytime before you sign the contract you can leave and go to another dealer.

@KevinHunter 4 күн бұрын

You got that right! The other thing is that now the dealer can't tell you that you have to buy some products from them because the bank wants you to have it.

@ELWIN225 4 күн бұрын

Are the fees such as destination fee legal and avoidable? Also, do dealers make any money from the registration and title fees or does it all go to the state?

@KevinHunter 4 күн бұрын

The destination fee is included in the MSRP and should not be charged to you as a separate line item. If you allow the dealer to add it as a line item fee on your otd you are paying for it twice. The second payment goes into the dealers pocket. The title and registration fees go directly to the state. The dealer doesn't profit off those at all.

@ELWIN225 4 күн бұрын

@ thank you very much for responding to me. I’ve been following your channel for some time now!