Prepare to pay up to $17,000 over MSRP for these 15 cars with the worst dealer markups, including the Jeep Wrangler and Porsche Cayenne
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Tim LevinSep 23, 2022, 22:46 IST
The Jeep Wrangler Rubicon.Jeep
Buying a car has always been a big purchase, but it's become especially hard on the wallet during the pandemic.
Dealers are asking thousands above MSRP for popular models from Ford, Jeep, and others.
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Almost three years into the global pandemic, some impacts of the virus are still raging, including extraordinarily high prices for new cars.
Jeep Wranglers are displayed at a Manhattan dealership.Spencer Platt/Getty Images
On average, dealers are asking 10% above MSRP for new vehicles, according to a recent study by the car-shopping website iSeeCars. Compare that to pre-pandemic times, when salespeople would hand out aggressive discounts to move cars off of their lots.
View of a used car dealership in Ridgewood, Queens New York on January 19, 2022.Pablo Monsalve/VIEWpress/Getty Images
But that's not the worst of it. The analysis found that some of the most popular cars are being listed for up to 24% over suggested sticker price.
2022 Ford Maverick.Ford
That means if you want a hot model like a Jeep Wrangler, Porsche Cayenne, or Ford Bronco, you'll need to shell out thousands — sometimes almost $17,000 — more than those brands think their cars are worth.
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