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Smart Shopper True Cost to Own (TCO) - Hidden Costs of Car Ownership
157 messages, Last post on Jul 09, 2009 at 3:57 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: jfknott (Apr 13, 2007 9:51 am) We prefer that you don't. Other members will still see it as soliciting and it will get in the way of meaningful dialog. tidester, host SUVs and Smart Shopper |
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Replying to: kirstie_h (May 02, 2002 12:07 pm) I think the "cost of ownership" starts with the initial price of the car. I am ready to buy a new car and I am a bit confused by some of the charges that is in the pricing that a sales has sent me. It shows the normal price items: vehicle base model, options, destination charge. But then it has some strange items: TDA, Dealer Holdback, Wholesale Financial Reserve. Can you or someone educate me on what are they? Thanks.
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Replying to: fw360 (Jun 17, 2007 12:07 am) TDA is the Toyota Dealer Advertising fee which the dealer has to pay to a dealer advertising group. Read all about Dealer holdback here: here. Wholesale financial reserve used to be called the "floorplan fee" which is a fee the dealer pays to the manufacturer supposedly to cover the cost of keeping a car in the showroom but for which the dealer gets reimbursed when the car is sold. tidester, host SUVs and Smart Shopper |
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Replying to: fw360 (Jun 17, 2007 12:07 am) My advice, run, not walk, away from this dealer.
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Replying to: mikefm58 (Jun 17, 2007 3:07 pm) I don't think holdback has anything to do with incentives. It helps the dealer with cash flow, increasing profit and minimizing commissions to salespeople - see the link I provided in my previous message. tidester, host SUVs and Smart Shopper
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Replying to: tidester (Jun 17, 2007 4:57 pm)
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Replying to: british_rover (Jun 17, 2007 5:02 pm) tidester, host SUVs and Smart Shopper
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Replying to: tidester (Jun 17, 2007 5:10 pm) Perform poorly on any one and the financial consequences can be dire. |
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Replying to: mikefm58 (Jun 17, 2007 3:07 pm) It is NOT bottom line profit! People who are obsessed with holdback should also think about the trememdous OVERHEAD that dealers pay every month just to keep the doors open!
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Replying to: isellhondas (Jun 25, 2007 6:21 am)
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