Anybody have their 24 built and/or delivered yet?

[dbtgt]

Also, if Ford noted a defect before they shipped and held their trucks for quality checks, would that mean that the trucks being built now have already had the corrections made to the assembly line and can ship right away whilst they continue to sort through the ones in purgatory? I.e. trucks being built this week (mine) would ship before one that came off the assembly line and is sitting in storage from last month?

Then again, if we all had Ford's crystal ball, this thread wouldn't be here.

LOL "Pay no attention to the man behind the curtain..."

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[fatBatman]

Here are the standards…

1. We are not Ford's customer. We are our chosen dealership's customer. The dealers are Ford's customers.
2. For 95% of us, these are not "assets". For a dealer, all of them are "assets" because they make money. The truck sitting in my driveway right now does not make me money and is therefore a liability not an asset.
3. I'm not sure what site you grabbed this off of but Ford's contract with its dealer network will outline the technicalities on when a truck is considered "sold" or not since each vehicle goes against the dealers floorplan. Since dealers pay interest on any unsold inventory in their floorplan after 90 days, I can promise you that the lawyers have already outlined the specifics of when a dealer must begin the 90-day clock (left factory vs. shipped vs. arrived at dealer vs. etc.).

 

[fatBatman]

That's insane, I would never buy a truck from there. Even GM dealers I've delt may require a deposit but you get it back if you decide not to take the vehicle. Sounds like Granger is a shitty, dishonest dealership

Granger: 4% under invoice. On my 2024 KR, my MSRP is $79,350. I'm picking it up for $67,3XX when I add my PCO. That's $12K off sticker.
Every other dealer in TX: MSRP for all 2024 orders; only $8-$11K off leftover 2023s (current incentives) OR 1.9% financing but not both and most of the 2023s have been used as loaners (technically have been titled) and all of them have deletes in one form or another.

In short, (1) there is not a single 2023 King Ranch in Texas that has the same equipment as the one I ordered from Granger. (2) No dealer in Texas will match the same selling price on a new 2024 truck.
Knowing that, I will happily put down my non-refundable deposit (that comes off the sale price anyway) and drive from Texas to Iowa.

Only stupid people put non-refundable deposits down. Find another dealer

Maybe I am, maybe I'm not. Do you have the name of ANY dealer in the continental United States that can match or beat Grangers offer TO THE PUBLIC of 4% under invoice? If not, then why are you talking? How are you providing any value to the conversation?

 

[Chili]

Will they also sell it 4% under invoice price? Doubt it. Don't get what's so cool about a refundable deposit then paying at or near sticker.....

Kind of just seems like there geared for ordering trucks and people picking one up, not sitting on the lot. If you want to order, it's the cheapest place to go. If you want a truck off the lot, they may not be the cheapest. At least they're upfront about it.

 

[rgeorge]

1. We are not Ford's customer. We are our chosen dealership's customer. The dealers are Ford's customers.
2. For 95% of us, these are not "assets". For a dealer, all of them are "assets" because they make money. The truck sitting in my driveway right now does not make me money and is therefore a liability not an asset.
3. I'm not sure what site you grabbed this off of but Ford's contract with its dealer network will outline the technicalities on when a truck is considered "sold" or not since each vehicle goes against the dealers floorplan. Since dealers pay interest on any unsold inventory in their floorplan after 90 days, I can promise you that the lawyers have already outlined the specifics of when a dealer must begin the 90-day clock (left factory vs. shipped vs. arrived at dealer vs. etc.).

1. We are not Ford's customer. We are our chosen dealership's customer. The dealers are Ford's customers.
2. For 95% of us, these are not "assets". For a dealer, all of them are "assets" because they make money. The truck sitting in my driveway right now does not make me money and is therefore a liability not an asset.
3. I'm not sure what site you grabbed this off of but Ford's contract with its dealer network will outline the technicalities on when a truck is considered "sold" or not since each vehicle goes against the dealers floorplan. Since dealers pay interest on any unsold inventory in their floorplan after 90 days, I can promise you that the lawyers have already outlined the specifics of when a dealer must begin the 90-day clock (left factory vs. shipped vs. arrived at dealer vs. etc.).

The rules I posted are from Deloitte for the Auto industry - see pg 8 of the link below. The dealer is the customer of FOMOCO. Revenue recognition has to occur along the lines I highlighted in the earlier post. Ford didn’t release the vehicles to the dealers , and supposedly the trucks have an issue that is causing Ford to say they are not ready for sale (maybe due to headlight issues?). I don’t see how Ford can recognize the ”built“ trucks sitting in lots waiting to be fixed as “sold“. Would love to see the contract that classifies these vehicles as sold per the below rules that you are asserting meet the FASB rules I cited.

https://www2.deloitte.com/content/d...vespotlight-revenuerecognitionmodel-noexp.pdf

 

[dbtgt]

Kind of just seems like there geared for ordering trucks and people picking one up, not sitting on the lot. If you want to order, it's the cheapest place to go. If you want a truck off the lot, they may not be the cheapest. At least they're upfront about it.

I just checked their website.
They currently have 452 vehicles in their inventory.
292 are trucks.
Definitely not a small dealership and definitely not geared for "ordering only" IMO.

 

[fatBatman]

Kind of just seems like there geared for ordering trucks and people picking one up, not sitting on the lot. If you want to order, it's the cheapest place to go. If you want a truck off the lot, they may not be the cheapest. At least they're upfront about it.

It's a genius business model when you think about it. Granger may make a couple hundred dollars on an ordered truck but not much. If you finance through them, they will make money from that. If you're there, you may pick something up from their parts department (rubber mats, shorty antenna, etc.) and there's small money in that. In the end, they are making their real money through volume sales and getting those volume kickbacks from Ford while leaving their retail lot to be run like any other. It's extremely smart because I don't see any other Ford dealer in the country doing any free advertising on the forums.
Granger does have a Ram dealership and they do the same/similar offers for Ram, Jeep, and Dodge. The only other Ram dealer that I am aware of that does the same is Mark Dodge in Louisiana. I am unaware of any GM dealer.

 

[F150Guy]

Only stupid people put non-refundable deposits down. Find another dealer

...Or maybe people with deep pockets! Including my $2K PCO, I saved approximately $12k off a $87,000 sticker AND I'm paying cash $$$. In my opinion, that's reduction in price is worth a $1000 deposit. Y'all guys are bitching about the deposit not me. I'm just disappointed in the delivery schedule...that's on Ford, not the dealer. Grainger has the best deal in the country!

 

[F150Guy]

I think the big picture is being missed, but if you want to pay dealer costs or more than 4% below invoice feel free to not pay the deposit.

however, I think it is comical that the dealer that is giving us the best deal is being Identified (not you) as a terrible dealer. To each their own I guess.

Including my $2K PCO, I saved approximately $12k off a $87,000 sticker. In my opinion, that reduction in price is worth a $1000 deposit. Y'all guys are bitching about the deposit not me. I'm just disappointed in the delivery schedule...that's on Ford, NOT THE DEALER. No other dealer in the country could be Graingers deal!!

 

[22FXLRS]

Auto trader is showing a bunch more 2024s that have actually arrived at dealers with pictures on the lots. They definitely are moving now.

 

[wyoming]

Auto trader is showing a bunch more 2024s that have actually arrived at dealers with pictures on the lots. They definitely are moving now.

None of the higher trims with the projector headlights though.

 

[MattV]

That's insane, I would never buy a truck from there. Even GM dealers I've delt may require a deposit but you get it back if you decide not to take the vehicle. Sounds like Granger is a shitty, dishonest dealership

Or perhaps the person who places orders with no intent to purchase is dishonest. Granger did everything they promised and I got a great deal. Their business model is to not to have to deal with you.

 

[jasonkosi]

Also, if Ford noted a defect before they shipped and held their trucks for quality checks, would that mean that the trucks being built now have already had the corrections made to the assembly line and can ship right away whilst they continue to sort through the ones in purgatory? I.e. trucks being built this week (mine) would ship before one that came off the assembly line and is sitting in storage from last month?

Likely yes. Same thing happened with the Broncos when they were first produced. All the early builds (including mine) sat in lots awaiting new hard tops while the new builds rolled off the line with the new tops and shipped pretty much immediately. It wouldn’t make any sense to hold the new builds just to satisfy a “first in first out” principle, as much as that sucks for those with earlier build dates.

 

[Detroit87]

Or perhaps the person who places orders with no intent to purchase is dishonest. Granger did everything they promised and I got a great deal. Their business model is to not to have to deal with you.

Not to have to deal with me?

 

[Grafx36510]

It's a genius business model when you think about it. Granger may make a couple hundred dollars on an ordered truck but not much. If you finance through them, they will make money from that. If you're there, you may pick something up from their parts department (rubber mats, shorty antenna, etc.) and there's small money in that. In the end, they are making their real money through volume sales and getting those volume kickbacks from Ford while leaving their retail lot to be run like any other. It's extremely smart because I don't see any other Ford dealer in the country doing any free advertising on the forums.
Granger does have a Ram dealership and they do the same/similar offers for Ram, Jeep, and Dodge. The only other Ram dealer that I am aware of that does the same is Mark Dodge in Louisiana. I am unaware of any GM dealer.

The only other one that advertises a similar deal is Chapman ford in egg harbor NJ. They’re only 2% below invoice vs grangers current 4%.

When I ordered my 22, it was them or granger. Since I had staffing issues at work, I went with Chapman at 2% under vs granger at 3% under. A deposit wasn’t required in my case but I would’ve had no issue with one if they did. I ordered on 4/13/22 and didn’t take delivery until 11/5/22. The savings were worth it imo.

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