Master Value Adjustment?? What the heck is that?
#1
Master Value Adjustment?? What the heck is that?
So I placed an order for my tC at longo toyota. I've been cruising the forums for the longest time trying to make sure I'm as informed as possible since this will be my first time purchasing a car. I came across a couple posts where people said their dealer charged them $1000 for something called Master Value Adjustment (M.V.A.). I've been trying to find out info on this online, but haven't had any luck. Did everyone else here get charged this fee? What is it for? Cuz it sounds like a scam to me and I don't feel like giving away my hard earned money. I wonder if it's something you can talk your way out of. Is there anyone else here who got charged this amount? If so, which dealer?
#2
MVA sounds like a euphemism for Additional Dealer Profit. This would be against Scion's Pure Pricing Policy (i.e., the price on the factory sticker is the price you pay) and any dealer applying such a charge would be in danger of getting in big trouble with Scion corporate.
Can you cite the posts you found MVA mentioned? (b/c the search function stinks)
Can you cite the posts you found MVA mentioned? (b/c the search function stinks)
#3
Here is the link to one post. Look for the letters in red towards the bottom.
https://www.scionlife.com/forums/vie...lue+adjustment
Here's another one:
https://www.scionlife.com/forums/vie...lue+adjustment
It definitely sounds like an additional profit that people are getting suckered into paying. I wonder if its just certain dealers?
https://www.scionlife.com/forums/vie...lue+adjustment
Here's another one:
https://www.scionlife.com/forums/vie...lue+adjustment
It definitely sounds like an additional profit that people are getting suckered into paying. I wonder if its just certain dealers?
#4
Yes, it's certain dealers. And if it's not there when you price it up through the scion.com site then they are not compliant with the pure price mantra. Either way, if there's MVA/ADP or any other tagged on charge (including doc fees over $50-$100) go somewhere else.
#6
happened to me...
paid 18805
w/ cd changer
floor mats
automatic
...yea about 1k over reg sticker...
its legal and not against Scion's Pure Pricing (BS>.... ALOTTA BS .... SCION PP is B ****;n S!!!)
as long as you sign the contract.... you got ripped off...
yea.. just go to another dealer... half the dealers do, half the dealers dont...
DONT GO TO
SHORE SCION/TOYOTA Mays Landing, NJ!
have a nice day...
goodluck w/ your shopping
paid 18805
w/ cd changer
floor mats
automatic
...yea about 1k over reg sticker...
its legal and not against Scion's Pure Pricing (BS>.... ALOTTA BS .... SCION PP is B ****;n S!!!)
as long as you sign the contract.... you got ripped off...
yea.. just go to another dealer... half the dealers do, half the dealers dont...
DONT GO TO
SHORE SCION/TOYOTA Mays Landing, NJ!
have a nice day...
goodluck w/ your shopping
#7
First off let me say that I am NOT in agreement with these practices and the dealership that I work for does not charge any fees other than what is regulated by the state. It is not against the scion covnent or pure price to charge any of these fees. Pure price does NOT mean that the price is going to be the same no matter where you go. Pure Price means that you pay the dealerships published price, not the price on scion.com. As long as that dealership is charging everyone there that fee they are completley in compliance. If they charged you that fee and in the same day waved it for someone else they are not in compliance and will lose inventory. Like I said I am not defending these dealers I am only stating the rules of pure price. Just make a few calls and see who isn't charging these fees and buy from them.
#8
Originally Posted by jeffrgunn23
First off let me say that I am NOT in agreement with these practices and the dealership that I work for does not charge any fees other than what is regulated by the state. It is not against the scion covnent or pure price to charge any of these fees. Pure price does NOT mean that the price is going to be the same no matter where you go. Pure Price means that you pay the dealerships published price, not the price on scion.com. As long as that dealership is charging everyone there that fee they are completley in compliance. If they charged you that fee and in the same day waved it for someone else they are not in compliance and will lose inventory. Like I said I am not defending these dealers I am only stating the rules of pure price. Just make a few calls and see who isn't charging these fees and buy from them.
so let's see...
if i find someone else who ordered a scion from SHORE SCION/TOYOTA
and they didnt get the 1000 MVAdjustment...
i could get my 1000 back?....
am i correct?
#9
Originally Posted by NoShiO
Originally Posted by jeffrgunn23
First off let me say that I am NOT in agreement with these practices and the dealership that I work for does not charge any fees other than what is regulated by the state. It is not against the scion covnent or pure price to charge any of these fees. Pure price does NOT mean that the price is going to be the same no matter where you go. Pure Price means that you pay the dealerships published price, not the price on scion.com. As long as that dealership is charging everyone there that fee they are completley in compliance. If they charged you that fee and in the same day waved it for someone else they are not in compliance and will lose inventory. Like I said I am not defending these dealers I am only stating the rules of pure price. Just make a few calls and see who isn't charging these fees and buy from them.
so let's see...
if i find someone else who ordered a scion from SHORE SCION/TOYOTA
and they didnt get the 1000 MVAdjustment...
i could get my 1000 back?....
am i correct?
#10
I doubt you get your money back, but it would show on their audit and they would lose 30% of there inventory (if this is a first offense for them). And it would be when you signed the contracts not when you ordered the car.
#14
if you have not taken delivery i think you can get out of the deal. i also don't think you can buy a car in advance. you can put down a deposit (normally refundable) but actually signing paper i don't think so. if you are in longo toyota area you should come to long beach and see kenny at cabe toyota. they will treat you right. tell him i sent you. good luck hope you can get out of your poor deal. L8R
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