NEGOTATE A PRICE LOWER THAN THE MSRP
- Thread starter HOMERFROMLAWTON
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New recaros
FRF Addict
Dealer hold bac
i bought a GMC Denali from a good friend. He showed me the invoice and his price, 8900 and change lower than MSRP. He then said there was another 3% dealer hold back. He said, high volume dealers get all sorts of extra incentives from manufactures for high volume. On a Raptor, I bet the make 12-15k at MSRP.
GCATX
King Dingaling
You can always go to a dealer and order one at MSRP and wait it out.
I'm sure all of those numbers were true. How they affect the dealer (the House), finance guy (F&I), the Sales Manager (the Tower), and salesman (workin stiff) is the real story. That's what I was trying to explain.
The holdback is baked into the invoice price from the manufacturer and then paid back to the dealer (usually quarterly), for instance. Sometimes the House uses this incentive to pad the employees pockets in different ways... but it's usually just to offset the interest cost of the dealer Floor Plan (the line of credit the dealer has from the back to stock the lot). The other $8900 doesn't go far when you are keeping the lights on.
Usually, like I said, the crumbs left to the salespeople are 300-400 bucks after everyone else gets their hands outta the cookie jar. And the sales floor is the place that decides if they work with the customer on pricing, or not.
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Everyone has got to make a living. And there is an a55 for every seat.
#alwaysgotothirdpencil
New recaros
FRF Addict
A real rip off is real estate commission. 6% is total bs for most sales.
GCATX
King Dingaling
You would think. I'm not an agent, but have seen what not having a good agent can lead to.
Most people are not savvy to making the best real estate deal, kind of like the folks that get bashed here for paying ADM's.
Naturally, this does not apply to us. lol
Buyer AND seller agent at 12% is pretty killer for the agent. hehe
There is a ton of stuff that can be missed in a real estate deal. Having bought and sold dozens of properties, I still use an agent. It's just hard to have eyes on all of the process by yourself. That said, the people that got into real estate after about 2015 have no idea what it really takes to "be a Realtor". All they've had to do is shuffle paperwork and receive signed contracts. Just order-takers... like working at McDonalds. lol
2008-2010 seperated the men from the boys in real estate.
New recaros
FRF Addict
Yes, they train for 50ish hours, take a test and you can sell. Around here, the average house is around 700k making their cut 42k. I know they have to split it but, ridiculous IMOBuyer AND seller agent at 12% is pretty killer for the agent. hehe
There is a ton of stuff that can be missed in a real estate deal. Having bought and sold dozens of properties, I still use an agent. It's just hard to have eyes on all of the process by yourself. That said, the people that got into real estate after about 2015 have no idea what it really takes to "be a Realtor". All they've had to do is shuffle paperwork and receive signed contracts. Just order-takers... like working at McDonalds. lol
2008-2010 seperated the men from the boys in real estate.
shigman
FRF Addict
Yeah its absolutely ridiculous. I understand in some circumstances, but a million dollar house doesn't take 10 times the work of a 100K dollar house at least in my area. Its all the same paper work, sure the million dollar house might take longer to sell with more open houses and marketing etc...but its not 10 times the work.
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