The truth about dealer profits
This is a interesting read and something to keep in mind.
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Oct 24th, 2019 7:24 am
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Oct 24th, 2019 10:29 am
Oct 24th, 2019 10:45 am
And pdi as well, it's like 1k for a car lot jockey making min wage to wash it and prep . It's like a few hr tops for new car , it's even bigger amt and money maker
Oct 24th, 2019 10:56 am
There is some truth in that if the car is sold at invoice, the dealer makes nothing on the sale. I have some friends whose friend who sells at Honda and Mercedes-Benz. Let me ask them about it and see if they can tell me.Holdback: Most automobile makers have used holdback for decades. Simply put, after the dealer has paid invoice for the vehicle, a small percentage of that invoice price or the manufacturer’s suggested retail price, or MSRP — the percentage varies from manufacturer to manufacturer — is returned to the dealer when the vehicle is sold. Holdback or a portion of the holdback money is a potential profit source, but some dealers rely on it to pay expenses.
Oct 24th, 2019 10:58 am
Sales won't know anything about it
Oct 24th, 2019 11:02 am
Oct 24th, 2019 11:22 am
Oct 24th, 2019 11:22 am
That is exactly what I did and after going to 5 different dealerships the price difference from the most expensive to the cheapest offer was 7,000$. All 5 dealers gave me their best price.
Oct 24th, 2019 11:26 am
Were any of those prices below dealer invoice price?jikiji626 wrote: ↑ That is exactly what I did and after going to 5 different dealerships the price difference from the most expensive to the cheapest offer was 7,000$. All 5 dealers gave me their best price.
One dealer called me back and once I told them that I already bought a truck he asked me: Why didn't you say how much you were willing to pay for it?
I wanted to pay the lowest price.
Oct 24th, 2019 12:10 pm
Did you read the article? Missed this par?
Oct 24th, 2019 12:14 pm
Oct 24th, 2019 12:58 pm
I read it and from what my frined's friend told me, it is. Sooooo.Pete_Coach wrote: ↑ Did you read the article? Missed this par?
"The dealer may even reveal a dealer document sent by the manufacturer that shows the invoice price, the price the dealer allegedly paid to purchase that car. Sounds good, except the invoice doesn’t necessarily reflect the actual price the dealer paid to purchase the car from the manufacturer."
Oct 24th, 2019 2:42 pm
Oct 24th, 2019 4:21 pm
Sooooo, now there is a source. LOL
Oct 24th, 2019 7:37 pm
At the right time, at the right dealer and on the right model you can get domestics for 4-8% below invoice before incentives. It will need some serious negotiating but seen it happen more than a few times.
Oct 24th, 2019 11:04 pm