2023 R1S trade-in data point The Count found interesting

[Count Orlok]

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[Goose]

I'm more confused by the $6400 warranty price tag on the Ineos. I've never seen that before, is it a Euro thing?

 

[Jiji]

I'm more confused by the $6400 warranty price tag on the Ineos. I've never seen that before, is it a Euro thing?

For a 10 year, 100K mile warranty I'm going to guess that is an extended warranty.

 

[R1TS]

That's pretty good.

Not even Rivian, CarMax, and Carvana were offering more than that.

 

[PappaBolt]

$999 doc (er profit) fee

 

[Electrified Outdoors]

Wait... I have to take that thing to the gas station? Oh no... Pass ?

 

[Count Orlok]

$999 doc (er profit) fee

The Count's configuration is around 95k so on a percentage basis $999 isn't so shocking. That said, The Count was shocked the "doc fee" for The Countesses recent econo-box auto purchase was only around $300.

What The Count has been most concerned about are the people on the Grenadier boards who are asking about financing. First, the captive financing partner in the US is subprime Santandar. Second, if you need to finance an exotic vehicle for personal use you might not want to buy such a vehicle.

 

[PappaBolt]

The Count's configuration is around 95k so on a percentage basis $999 isn't so shocking. That said, The Count was shocked the "doc fee" for The Countesses recent econo-box auto purchase was only around $300.

What The Count has been most concerned about are the people on the Grenadier boards who are asking about financing. First, the captive financing partner in the US is subprime Santandar. Second, if you need to finance an exotic vehicle for personal use you might not want to buy such a vehicle.

Adding a “doc fee” to a vehicle purchase is akin to adding a junk fee to your restaurant bill disguised as a automatic-tip, service charge, employee health fund charge, etc. Yes, the doc fee is regulated in some states and wildly different from state to state. But let’s not forget that the seller is choosing to add this junk fee uniformly to all transactions as opposed to managing their back office expenses as a cost of doing business. Normalizing this as a standardized “fee” doesn’t hide the fact that it’s padding the bottom line.

 

[Count Orlok]

Adding a “doc fee” to a vehicle purchase is akin to adding a junk fee to your restaurant bill disguised as a automatic-tip, service charge, employee health fund charge, etc. Yes, the doc fee is regulated in some states and wildly different from state to state. But let’s not forget that the seller is choosing to add this junk fee uniformly to all transactions as opposed to managing their back office expenses as a cost of doing business. Normalizing this as a standardized “fee” doesn’t hide the fact that it’s padding the bottom line.

The Count does not dispute your analysis.

 

[Count Orlok]

BTW, a dealer just listed an orphaned IG for 109k, first one for sale outside of a normal order as far as I've seen.


see: https://www.cargurus.com/Cars/l-Used-Ineos-Grenadier-d3367#listing=372614119/NONE/DEFAULT

 

[KeithPleas]

That was interesting - had never heard of Ineos…Ratcliffe…Belstaff jackets.

So I eventually made it to Belstaff’s jackets where they have “Long Way Up” jackets and pants and even the “McGregor Pro” jacket designed by Ewan. That’s pretty cool.

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