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Stories from the Sales Frontlines

47914 messages,  Last post on Nov 27, 2009 at 11:16 AM

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What is this discussion about? Car Buying


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#28622 of 47914
Re: Do salespeople make money on below invoice deals? [jescue] by british_rover
May 09, 2008 (10:40 am)
Reply

Replying to: jescue (May 09, 2008 10:25 am)

That blows. I guess I won't be looking for a job with you then.
#28623 of 47914
Re: Do salespeople make money on below invoice deals? [jipster] by mackabee
May 09, 2008 (10:55 am)
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Replying to: jipster (May 09, 2008 10:18 am)

Thanks a lot jip! with friend like you who needs enemas!
 
 
#28624 of 47914
Re: Do salespeople make money on below invoice deals? [craigl] by jmonroe
May 09, 2008 (11:06 am)
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Replying to: craigl (May 09, 2008 7:36 am)

A couple of the internet prices were just below invoice, and the local dealership agreed to match their price.
 
I want to get a good price on the new vehicle, but I don't like the idea of the guy who invested a fair amount of his time (test drives, demoing features, talking about available packages, etc.) to end up with the sale, but no money in his pocket.

 
This can be looked at a several ways. You either slip the salesman a bill or two, a gift card to a restaurant/department store or you keep your savings.
 
I’m just curious if the dealer that spent time with you gave you a price while you were there. If they did and it was high enough that you weren’t willing to buy at that price and chose to shop around, why do you feel guilty about having that dealer match someone else’s price? If you had taken his price do you think he would have been concerned about you paying more than you should have?
 
I know this seems callus but it’s the way this business is run. We’ve been told here that a salesman’s job is to maximize profits for his store and to feed their families. The saying was, “if you don’t ask you don’t get”. It looks like you asked and you got.
 
If you feel you got too much there is no law that says you can’t give some of it back. But like I said, would it work the other way around?
 
jmonroe
#28625 of 47914
Re: Do salespeople make money on below invoice deals? [mackabee] by chikoo
May 09, 2008 (11:12 am)
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Replying to: mackabee (May 09, 2008 10:55 am)

Thanks a lot jip! with friend like you who needs enemas!
 
enemas or enemies?????
#28626 of 47914
Re: Do salespeople make money on below invoice deals? [chikoo] by obyone
May 09, 2008 (11:19 am)
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Replying to: chikoo (May 09, 2008 11:12 am)

No doubt about it. He meant what he said....enemas!!
#28627 of 47914
Re: Do salespeople make money on below invoice deals? [jescue] by joel0622
May 09, 2008 (11:28 am)
Reply

Replying to: jescue (May 09, 2008 10:25 am)

We pay $100 flats on mini's, $150 on Xplan, and $250 on A-plan deals.
#28628 of 47914
Re: Do salespeople make money on below invoice deals? [jipster] by verdugo
May 09, 2008 (11:51 am)
Reply

Replying to: jipster (May 09, 2008 10:18 am)

Jipster makes a good point. They might have a mini, but they will club the guy after you like a baby seal.
 
PS I know it's wrong to club a baby seal, but each time you guys use that phrase, it just cracks me up.
#28629 of 47914
Re: Do salespeople make money on below invoice deals? [joel0622] by british_rover
May 09, 2008 (12:03 pm)
Reply

Replying to: joel0622 (May 09, 2008 11:28 am)

See that is smart we have been arguing that Xplan and Aplan deals should have a higher flat paid but no one will listen.
#28630 of 47914
Re: Do salespeople make money on below invoice deals? [obyone] by oregonboy
May 09, 2008 (12:45 pm)
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Replying to: obyone (May 09, 2008 10:02 am)

"A sale at or below invoice would contribute to the sales persons monthly bonus quota and increase his tax liability. A couple of Benjamin Franklins passed to him as you leave should more than compensate him for his time. That is assuming you don't send him a 1099 at years end."
 
As far as I can tell, it would only increase his tax liability to the extent that it increased his income. How is that a bad thing?
 
Your comment regarding the "Benjamins" and 1099s makes me think that you are implying that car sales persons would engage in tax fraud. Are we contributing to the negative stereotyping that the pros here complain so bitterly about?
 
james
#28631 of 47914
Re: Do salespeople make money on below invoice deals? [craigl] by oldfarmer50
May 09, 2008 (1:01 pm)
Reply

Replying to: craigl (May 09, 2008 7:36 am)

"...Does he typically make any money on a deal like this?..."
 
Didn't you know? Nobody makes any money on car deals today. Didn't you ever have a salesperson tell you "and at that price I'm not making a penny on the deal"?
He's telling the truth. You see, car dealerships are kind of like charity organizations these days. They are happy to lose money all day long just to make your life better.
 
Nothing gives a car dealer more pleasure than to see you leave his lot in a car that he had to chip in a few hundred out of his own pocket for. It's sort of like missionary work, he gets his reward in heaven...I think it's a four pounder.
 
So don't bother to slip a salesman any money, he'll just give it away to make the next customer happy.

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