{"id":13685,"date":"2021-11-18T09:11:03","date_gmt":"2021-11-18T14:11:03","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=13685"},"modified":"2021-11-18T09:11:03","modified_gmt":"2021-11-18T14:11:03","slug":"bmw-destination-charge-remains-steady","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=13685","title":{"rendered":"BMW destination charges remain below $1,000, others are asking double"},"content":{"rendered":"

It\u2019s a terrible time to buy a car, regardless of whether it\u2019s new or used. The microchip shortage has disrupted the automotive industry, wreaking havoc among car manufacturers due to missing semiconductors while generating a lot of frustrations among buyers looking for a new set of wheels. Inventories are thin, and the few cars you will find on a dealer\u2019s lot cost a lot more than they did a few years ago.<\/p>\n

Since new vehicles are harder and harder to find, some people have decided to give up and just buy used, which has consequently increased demand. Needless to say, sellers are now taking advantage of the situation and are bumping the asking prices to maximize their profits. If you\u2019d rather stick to a brand new car, there\u2019s another issue you are going to face \u2013 rising destination charges.<\/p>\n

A recent study conducted by Edmunds<\/em> shows the industry average has gone up by 12% from the 2017 model year to $1,220 for the current MY. In addition, buying a Jeep Wagoneer or the larger BMW X7<\/a>-rivaling Grand Wagoneer will command a whopping $2,000 premium, just for these fees alone. Silver lining? The BMW is only asking $995 regardless of whether you\u2019re buying something small like an X1 or a behemoth such as the X7.<\/p>\n

The vast majority of automakers have been gradually increasing their destination fees in the last several years, with the only exception (aside from BMW) being Volkswagen<\/a> as it\u2019s now asking 0.3% less than it did for the 2017MY. However, at $1,220, it\u2019s still considerably more than what the Bavarians are charging you for one of their cars.<\/p>\n

The worst offenders would have to be Ford and Porsche as they\u2019re now charging 29% more for a 2021MY car while Nissan is up next with an increase of 24%, followed by Honda and Hyundai \/ Kia with 23%. These destination fees are somewhat of a mystery since manufacturers don\u2019t explain how the extra costs are calculated, though in many cases it\u2019s related to the vehicle\u2019s size and production location. In some rare cases, car companies admit they may make a profit from the destination charge.<\/p>\n

There\u2019s also an issue with the additional fees not being clearly visible as they\u2019re usually represented by an asterisk next to the MSRP or a footnote at the very bottom of a website. Some automakers such as Stellantis, General Motors, and Ford<\/a> have been sued because of this. Consumer Reports<\/em> argues companies should be completely transparent and include the destination charges in the car\u2019s advertised price.<\/p>\n

[Source: Automotive News<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s a terrible time to buy a car, regardless of whether it\u2019s new or used. The microchip shortage has disrupted the automotive industry, wreaking havoc among car manufacturers due to missing semiconductors while generating a lot of frustrations among buyers looking for a new set of wheels. Inventories are thin, and the few cars you […]<\/p>\n","protected":false},"author":22,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13685"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13685"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}