Holy Restocking Fee, Dr. Z!

We're glad someone took the time to look into this 30-day guarantee that Chrysler is touting: The Detroit News reports: Chrysler's '30-day, money back guarantee: What's the catch. Check out this arithmetic:

Let's start with a restocking fee of 5 percent of the stickerprice (ouch!), add in the 50-cents per mile usage fee (yikes!), all the sales tax (what!?) plus finance fees, title, tag and registration (grrr!).

Total it up on a premium ride like a Jeep Grand Cherokee Overland, and returning a car you just purchased for about $34,000 could easily cost about 14 percent of the total purchase price -- more than $4,600.

That's a lot of bratwurst, beers, and hookers.

Aw, forget the bratwurst and beers.

Comments

[John]

its weird being a dealer with this. There a form that explains it all when you buy, another disclosure form to sign when you buy a car. Very few people can even return, you can't have a trade in, must finance with chrysler financial.

The only perk is if something major happened in your life and you had to return it. Any car that does come back, I would want to buy at auction since it would be used.

[wasagabeachbum]

Even worse in Canada....the provincial tax is 8% and the federal tax is 6%...that based on the inflated price of the Grand Cherokee which lists for around 42 grand over here...talk about ouch looks more like 7 grand here

[Keith Shamblin]

Anyone who would fall for a "deal" like that deserves to get screwed