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Dealer Holdback questions

462 messages,  Last post on Dec 10, 2007 at 2:52 PM

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Messages Page 46 of 47

#443 of 462 Re: Determining holdback [venture] by joel0622

Nov 30, 2007 (7:13 am)

Replying to: venture (Nov 29, 2007 9:21 pm)
True, the commission structure in the realty world baffles me also.

#445 of 462 Re: Determining holdback [joel0622] by jeffyscott

Nov 30, 2007 (9:06 am)

Replying to: joel0622 (Nov 29, 2007 3:37 pm)
Kudos to them for being successfully business people...Success is not a bad thing in the car business...We work in the only industry in the world with the exception of the Crude Oil business that people dislike you for being profitable.
 
What I dislike is as was posted above..."Dealers say that NONE of it is gravy. To hear some talk, you'd think that the dealer is in the red every day and keeps the biz open just for public service." When reality is, as was also posted above..."they enjoy a lifestyle that exceeds 99.9% of their customers".
 
Note that this is talking about the owners of dealerships not sales people or other employees. Do sales people not see where and how the owners live? Maybe they should demand a bigger slice of the pie from ownership, instead of blaming the customers...just a thought .

#446 of 462 No...You are ridiculous [jboxton] by jeffyscott

Nov 30, 2007 (9:08 am)

Do you go into a department store and demand to see invoices of the clothes you are buying and then try to get some of the stores own money on top of that?
 
What would happen if I did?
 
Am I holding a gun and demanding this information from the car dealership? If you don't like it just say "no you can't see that" and/or "no I won't sell for that price". I think that is what the department store would do.

#447 of 462 Re: Determining holdback [jeffyscott] by joel0622

Nov 30, 2007 (9:42 am)

Replying to: jeffyscott (Nov 30, 2007 9:06 am)
Its just profit, nothing more, nothing less. Holdback, Dealer Cash, Bonus Cash, working a wholesaler after you leave to put more money in your trade, its all profit.
 
I wish the the manufacture would do away with all of it to include rebates and just give us about $5K mark up in each car. Then may the best man/women win when the smoke clears. It would be a level playing field for all concerned. I want you to pay all $5K and you want to pay me $100 now lets meet in the middle. There would be no mystery for the customer wanting the elusive holdback on the car we have had in inventory for 210 days.
 
It would also help my check because I don't get paid on holdback or any other after sale money
 
Now allot of that is tongue in cheek but I do wish the process was simplified
 
I have a very long rant on the demise of the car business from a sales point of view but I won't get into all that. I will just summarize it by saying we have given the consumer to many decisions to make when they come to buy a car. That may be good Blog material

#448 of 462 Re: Determining holdback [joel0622] by dino001

Nov 30, 2007 (11:05 am)

Replying to: joel0622 (Nov 30, 2007 9:42 am)
I want you to pay all $5K and you want to pay me $100 now lets meet in the middle
 
Means... $150?

#449 of 462 Re: Determining holdback [joel0622] by jeffyscott

Nov 30, 2007 (3:20 pm)

Replying to: joel0622 (Nov 30, 2007 9:42 am)
There are some dealers that put a price tag on a car and stick with it, the price is what it is...at least on any given day. Examples are Fitzmall, Carmax, Saturn (they still do that, right?).

#450 of 462 Re: Determining holdback [jeffyscott] by british_rover

Nov 30, 2007 (3:45 pm)

Replying to: jeffyscott (Nov 30, 2007 3:20 pm)
I think Saturn stopped.

#451 of 462 Re: Determining holdback [jeffyscott] by greanpea68

Dec 01, 2007 (8:18 am)

Replying to: jeffyscott (Nov 30, 2007 3:20 pm)
There are some dealers that put a price tag on a car and stick with it, the price is what it is...at least on any given day. Examples are Fitzmall, Carmax, Saturn (they still do that, right?).
 
The fun begins when they appraise your trade
 
"KElly Blue book says my car is worth $12,900"
 
"Why are you only giving me $9000"
 
GP

#452 of 462 Re: Determining holdback [greanpea68] by exb0

Dec 01, 2007 (11:13 am)

Replying to: greanpea68 (Dec 01, 2007 8:18 am)
The fun begins when they appraise your trade.
 
Nonsense. A month or so ago I went to the Fitzgerald Toyota in Gaithersburg MD to test drive Camry SE V6. The store has 6 pcs in the center of the showroom that the customers and salespeople use to check their inventory on the public web site. The salesman searched their inventory on one of those pcs and printed out the specs and the price of for all SEs V6 available from their public web site. Their price was $300 under invoice w/ $99 processing fee and no other junk fees.
 
After the test drive the manager appraised my trade-in: 04 Acura TL base w/ 30K on the clock that was in a minor accident. They gave me a detail appraisal with the KBB good condition and the Black Book avg. cond. values written on the appraisal. Values they gave me matched the online values for those guides. They offered me $20K minus $600 for a new set of tires. The price they offered me was in between KBB and BB, BB was about 1K lower than KBB. $20K was the most any traditional store had offered me for that car at that time.
 
The whole process was extremely painless and polite. No lies, no pressure, just smiles; it didn’t feel like I was in car store.

Messages Page 46 of 47

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