Re: Once again, Chevy has a great deal -
Nosleep, wasn't talking abpout the holdback money - that is forgotten - gotta have something to help keep the doors open. Was talking about the "previous year" incentive, since it is a 2003. Course they could have done away with that over the last few years. At the time we sold the business the manufacturer woud offer the dealer either a bigger rebate on the leftovers, or give them a percentage (usually about 3%) off the invoice. And this would only be good till December 31. So, come December, we were ready to give away the farm on any leftovers.<br /><br />What Nosleep is talking about, when a dealer advertises a car at invoice, he is literally selling you the car at what he had to pay to get it off the truck. However, there is a little thing called the "Hold Back" that the manufacture keeps for him (kind of like a withholding tax). It depends on what he is on whether he gets that back monthly, quarterly, or yearly). But please, don't consider that part of the profit, cause the dealer has to wait for it. Dealer can also earn the "free interest" if it is sold quick enough, but again, the consumer should not consider that part of the profit. That helps to stock the cars that have been sitting on the lot for 100 days and are hurting the bottom line big time. You can always "talk" about this, but don't expect the dealer to give you any of it. (Like, hey, this vehicle has been on your lot for a long time, bet you are tired of paying the interest. Let's deal. - or - This is a fresh car, those free interest days could really help with some of your older cars on the lot.. Yes, he already knows this, but a reminder won't hurt.)<br /><br />Remember, if you want to get a good deal, and service after the sale, don't try to make the dealer work for nothing. When you ask for a vehicle at invoice, you are asking the dealer to work for nothing (and he has bills to pay and commisions to pay to the person selling the car). Most dealers are really happy with $4-500 profit on a $20,000 car. So be fair. If you are buying without a trade in, then you can agree ahead of time on the profit margin and ask to see the invoice.<br /><br />I remember one man that was trying to beat me down in price so badly. I finally asked him what his response would be if I asked him to work for free tomorrow. He said some unpleasantries and repeated them back to him. Then he said I should make 5% on the cost of the car. I pulled out the invoice and showed him that his "fair" deal would cost him $600 more than I was asking. He did shut up and buy the car.<br /><br />Sorry to ramble, but want everyone to get a fair deal - the dealers included. That is the way it should work.