MSRP: $14,100.00
Non-negotiable (trust me, I tried; I even talked to the GM about removing it) "administration fee" on all new cars: $195.00 (Note: Two other dealerships I went to wanted to charge $150.00 and $199.00 for the same.)
Total asking price: $14,295.00
Consumer Reports invoice: $13,270.00
Their Invoice: $13,395.00 (included advertising fees and a small charge for fuel)
I paid: $13,595 ($200.00 over their invoice), plus the administration fee of $195.00 for a total of $13,790.00: $505.00 less than their asking price.
There was a $251.00 holdback. I'm guessing that $100.00 of the administration fee was profit on their part. So, assuming the charges on their invoice for advertising and fuel were legitimate, that's $200.00 over invoice + $251.00 holdback + $100.00 = $551.00 profit for the dealer.
How did I do? Could I have done better?
2006-08-01
05:13:16
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5 answers
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asked by
geriatricstrike
1
in
Buying & Selling