Posted by DaveIn on December 23, 2010 at 19:22:16 from (216.249.64.222):
In Reply to: Dealer invoice question posted by bobnikcorson on December 22, 2010 at 16:44:53:
I am a Sales Manager at a new car dealership. Invoice minus holdback is the true dealer cost on any car in a dealerships stock. Holdback is 3% of the invoice. So if you buy a $30000 car, the dealer just made $900. That's not much folks. Guarantee cars have the lowest profit margin around. Granted they cost a lot of money but really, what's wrong with making $900 on a $30000 car? Why are people so against others making a little money. Nobody complains about Convience stores and their 500-1000% markups.
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