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| Guest |
 Posted: Wed May 19, 2004 2:01 am |
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These are completely scam charges added by money hungry dealers. It means "Additional Dealer Markup" or "Additional Dealer Profit". It usually appears on an orange sticker right next to manufacturer's MSRP sticker. ADM gives them lee-way to bargain down the price, or worst case, it gives them a higher profit margin on weak customers.
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| Posted: Tue Aug 10, 2004 5:51 am |
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my brother sold dodges for years. he says the biggest scam is "doc fees".
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| Posted: Sat Sep 11, 2004 12:04 pm |
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I agree with the post of George. There are a lot of fees that are not needed. Never believe it when you see "Fair Market Value". That is a way for them to say "Our added Profit". As far as Doc Fees go though, I will defend the dealership. They should really not be more that $300 but these fees pay the non-income generating people to do all of the title work and things of that nature for the dealership. If you had to do all of these things yourself you would get a headache if you only saw the list of what you had do let alone did it. Always ask questions about all fees and READ EVERYTHING YOU SIGN!!! Never sign something that is questionable! Make sure the reasons they give you for the fees are something that you understand and don't just sound like a "line" of BS. You are the only one there to protect YOU! They are there only to take as much money from you as they possibly can and you are there to give them as little as possible. Remember, when you are sitting there ready to sign...the first one to talk...loses
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| Posted: Sun Jan 02, 2005 3:48 am |
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MSRP means Manufacturers Suggested Retail Price. No manufacturer can dictate to a dealer how much over or under this figure he must sell a vehicle for. Additional Dealer Markup (ADM) is most often applied to specialty vehicles or other vehicles that are in limited supply. For example, demand for the Corvette in most years is far beyond the number of units that can be produced in a model year. Most small to medium sized Chevy dealers are lucky to get 3 or 4 of them a year. Supply and demand ultimately dictate whether or not the dealer can sell a Corvette above MSRP.
If it is fair for a consumer to ask to pay a price below MSRP then it must also be fair for a dealer to ask for a price over MSRP. This is not to be confused with some other dubious add on charges that some dealers force on every car, such as an "Environmental Package" or some "VIN Etching" program. Simply refuse to pay for these items, period!
Rich K
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| Posted: Fri Sep 16, 2005 8:30 am |
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We just bought a car and every sticker at the lot that we looked at had a $1000 "Arizona package" on it that our car salesman told us was just "pure dealer profit." At first, because it was called "Arizona package," we thought it must have been window tinting or something. Idiots! It wasn't until we asked the salesman point-blank that he told us. I wonder how many people pay it without asking.
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