? Another F-150 Price Increase Starting Feb 15

[DirtFreak]

I talked to Ashley at Granger Motors and she said to avoid the price increase all orders for the F150, Have to be in by Monday Feb. 14th. I just ordered my 2022 Ford TREMOR.

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[guppydriver]

I can't confirm this, but what is interesting is that I was told by my dealer that any change to your order after the price increase will result in new invoicing and incur the higher price (even zero cost or decreased cost changes).

So if you do rush your order in to get in below the deadline, but are undecided about options, be extra cautious to make sure you feel good about your configuration or adding that interior work surface for $195 might end up costing you $1695.

 

[upslash]

Crazy times… The only thing not going up is my salary.

Truuue.

 

[RJL1400]

I find this really interesting. First Ford goes off on the dealerships charging above MSRP and scolding them and now Ford is doing the same thing. That is unforgivable.

 

[TheWraith]

Glad I got my raptor order and built before all this chaos, $3300 is a lot upcharge for that truck!!! And they still owe me $795 back for the BlueCruise that'll never work for us

 

[cfrea]

Anyone know if you place an order before the price increases, does it lock in or do you pay whatever price is invoiced at the time of delivery of the vehicle to the dealer? One dealer says the price is locked in, the other is saying its not until delivery

 

[ISLANDF150]

Anyone know if you place an order before the price increases, does it lock in or do you pay whatever price is invoiced at the time of delivery of the vehicle to the dealer? One dealer says the price is locked in, the other is saying its not until delivery

As long as the order is in and confirmed by ford then your price is locked in. I'm not sure about any shady dealers practices out there but this is supposed to be the case.

 

[RoccoL]

If you are thinking about ordering you might want to do it before Feb 15th. See attached Ford dealer memo regarding Ford vehicle mid-year price increases.

Summary:

• XLT series prices $1,500 MSRP Increase
• Lariat series prices $1,500 MSRP Increase
• King Ranch series prices $1,500 MSRP Increase
• Platinum series prices $1,500 MSRP Increase
• Limited series prices $1,500 MSRP Increase
• Raptor series prices $3,300 MSRP Increase
• Tremor series prices $1,500 MSRP Increase
• 19S STX Appearance Package price $500 MSRP

Thanks for posting, tired of every excuse to raise pricing on an already extremely expensive vehicle.

 

[Bannerman]

I can't confirm this, but what is interesting is that I was told by my dealer that any change to your order after the price increase will result in new invoicing and incur the higher price (even zero cost or decreased cost changes).

So if you do rush your order in to get in below the deadline, but are undecided about options, be extra cautious to make sure you feel good about your configuration or adding that interior work surface for $195 might end up costing you $1695.

That's correct. I ordered 12/21, there was a $880 price increase on 12/27, when I called Granger to asking about modifying, Chip told me I would then but subject to the new price. So I didn't change my order.

 

[D87302]

Does not matter when you placed your order , the price is not in stone until the window sticker is created. You will have to work with the dealer to honor the price when placed.

PRICE PROTECTION
2022 model units invoiced prior to February 15, 2022 will not be re-invoiced.
Automatic price protection will be provided on:
Firm 2022-model fleet, retail, and demonstrator orders signed and dated on or before February
14, 2022, and received by Ford Motor Company on or before February 18, 2022.

 

[D87302]

I agree. The notification says "invoiced (aka billing has begun) prior to February" - Buyer2021, try googling definition of invoice?
I work for a company that sells aluminum extrusions and we have raised prices after contracts are signed and POs are issued many times over the past year. It's called an escalation charge. If we haven't invoiced yet, we can and do raise prices. Take it or leave it.
I believe that if you have only reserved a vehicle at this point and not signed on the dotted line, you could be facing this price increase.

Yes, the notice does say that about "invoiced". It also continues in the following paragraph to state - Automatic price protection will be provided on: Firm 2022 ...retail ... orders signed and dated on or before February 14, 2022 and received by Ford Motor Company on or before February 18, 2022. So, what does this mean to you? If I have a printed preview order with an order number, etc., signed and date/time stamped February 11, 2022, and a dated/time stamped email from Ford Motor Company confirming my order and giving congratulations, am I good to go? Or will you still feel inclined to thrash my wishful thinking?

 

[JohnMcClane]

Dang. They just had a price increase on 12/26 I believe. This one comes less than two months later.

Crazy times… The only thing not going up is my salary.

We have to be nearing a precipice. Everyone I’ve talked to is not getting a salary increase anywhere near the “reported” 7.5% inflation.

Gas makes up 6% of CPI calculations and is up 70% from last year, inflation is just getting warmed up.

Since I have a price locked into the early December price and delivery still months away. I may be able to tell the grandkids about how grandpa drove a truck off the lot and it went up in value and they’ll just laugh and say “sure grandpa, time for bed.”

 

[BIGSTUF]

Ordered mine on 2/3!

 

[Buddy]

Price will depend on the dealership. My dealership says price in locked in when I order.

 

[texski]

We have to be nearing a precipice. Everyone I’ve talked to is not getting a salary increase anywhere near the “reported” 7.5% inflation.

Gas makes up 6% of CPI calculations and is up 70% from last year, inflation is just getting warmed up.

Since I have a price locked into the early December price and delivery still months away. I may be able to tell the grandkids about how grandpa drove a truck off the lot and it went up in value and they’ll just laugh and say “sure grandpa, time for bed.”

I need a 6.5' bed and there were none to be found in and around the major Texas cities ... Dallas, Austin, Houston, ect. Jan 31, I purchased a 22 KR 5.5' with a build date at 12/2/21. Then I ordered a 22 KR with a 6.5 bed and it was +$880, base price. Dealers were telling me that the increase was coming in March ... I guess they couldn't wait.

I am betting on inflation, if I am saying that correctly. Friends have been getting calls from dealerships saying they will pay MSRP for their used trucks. A family owned dealership in DFW paid +$4,000 for a 2wd XLT and +9,000 for a F250 4x4 KR ... and that was last month. Since we bought our trucks with X Plan, I fully expect to trade the 5.5 when the 6.5 arrives, and make a profit. I'm not suggesting you do the same, but I am confident the chip shortage will stall production for the rest of this year, probably into the beginning of next. As Ford continues to raise prices, the value of my 5.5 will continue to increase. If my 6.5 lands at the beginning of Summer (the height of the car sales season), I expect more than MSRP for the 5.5.

My plan has risks, which I am comfortable with. Again, I am not suggesting you do the same. But I am saying that it does not help to play the victim. Understand your options. If you are leasing, you should have an incredible residual value at the end of your term, which will help with your monthly payment. If you are financing, be careful! You are buying at or near the peak. There is a very good chance prices will drop in the next couple of years and your overpriced trade-in will be competing with new, no miles trucks at the lowered prices. For us, we keep our vehicles. We still drive the '97 F150 I purchased new in '96. And I still have the 1970 Dodge Challenger my parents drove off the showroom floor (and I drove in high school). Most of our vehicles are 20+ years old, so the 12.5% excess we are paying now will be amortized and wind up being $500 per year in 2042.

All that to say, my risk is spread over 20 years, not 3-5 years. If you need a truck now, understand what the market will probably be like when you get ready to trade. Prices will continue to go up this year, and then taper to "normal" prices. If you are jumping now to avoid a few thousand, you may be paying much more than that when it comes time to sell. I figure my 5.5 KR is about $8,500 more than it should be. In 3 -4 years, the same truck will probably invoice for $4- $6,000 less (just my guess). At a 35% depreciation rate, plus the return to lower base prices, I would be taking a BEATING selling it. Just know that there is a huge bubble and it will burst. If you have a loan that extends after that time, you will likely be very upside down. If you buy now, plan on keeping it, or rolling a BIG debt into a new loan. A debt like that may effect the amount of truck you can finance in the future, too. And for goodness sakes, don't go past 60 mo on a loan. You will be multiplying your loss.

I didn't mean for this to be so long. I don't like seeing good people struggle because they don't understand their options. Ford will continue to increase prices AND cut expenses. (They stopped providing the Smart Trailer Tow Connection in the middle of a production year?!!!) There are some purchases that can minimize your debt, and some that can haunt you for decades. If you can wait few years, it will be a buyer's market and you can get some GREAT deals. As Dave Ramsey says, Smart is the new Rich. Be smart!

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