Axzd plan pricing on new 2008 gt 500's

[Posi]

This is exactly why I get good deals. Here's the main motto I live by in life for Doctors, Physical Therapists, TV sales, Washer/Dryer, or just about anything.

Treat'em like Car Salesman. Sorry. I get haggled and I walk. To many of you not to. Oh and the best time to look for a car is when you know you're going to buy one but not really looking yet. That's when you get deals. Thick skin and can mess with dealers for hours lol.

 

[slingshot]

This is exactly why I get good deals. Here's the main motto I live by in life for Doctors, Physical Therapists, TV sales, Washer/Dryer, or just about anything.

Treat'em like Car Salesman...

Yeah--Make sure and treat the guy porting your blower the same way .

 

[Chris!]

Let me Clarify

Memo: What the Dealer Actually OWNS the car for
Invoice: What the Dealers Lowest Price is
Holdback: Amount in which a dealership should be entitled to sell the car for.
MSRP: Suggested retail Price

Any Rebates that a dealer gives the dealer has to front and the Manufacturer will reimburse at somepoint within 90 days of the sale.

Dealers are not in the business of losing money. they have the right to make money as they are in Business to Make money. Paying Invoice for a Car, the Dealer on a GT500 is still making about 1300 (roughly). this is how they keep the lights on, pay thier help, and pay floorplan interest on the car.

Floorplan interest: 90% of dealers finance all of their cars, this is called thier floorplan, they have to pay interest monthly on the car, this is posted to each car, the longer the dealer has the car, the more interest they have to pay on it, each month.

Some dealers go into Holdback to move units, High sales volume dealers can do this because they make money on the "back end" (finance office, selling warranties, marking up the interest rate and selling choke and croak).

If a customer pays a/z/d/x plan the manufacturer will reimburse the dealer up to Invoice on the vehicle.

And there you have it, i just gave away what everyone has always wondered.

Btw the above only apples to new cars!

 

[IDGT500]

OK well ive got one more question about the financing wih gt500s because Ive seen a few people saying they got 0% and when i talked to my dealership they said they didnt offer it on the GT500 in our area. So in some areas I can get 0% just not in mine(considering I qualify of course)? He said it was because we arent in a large market for these types of cars...

 

[Streetpwr281]

Rebates and incentives (as well as financing offers, 0%, etc) are specific by zip code and fully dictated by the manufacturer.

 

[aquill1]

Sorry this post has nothing to do with gt500's but it is mustang related.

I was looking into getting a 2008 bullitt new from the dealer. The price was around 32k or so and I think they marked it to 29k or so. The car had some minor blemishes from sitting for a year or more. The battery had to be jumped the thing has been sitting so long. The salesman said they'd probably take less than that. My cousin works for ford and will give a pin. What would be an ideal amount to pay for the car and what incentives would apply to it? :??:

My zip is 76231...

Thanks...

 

[frydguy79]

Sorry this post has nothing to do with gt500's but it is mustang related.

I was looking into getting a 2008 bullitt new from the dealer. The price was around 32k or so and I think they marked it to 29k or so. The car had some minor blemishes from sitting for a year or more. The battery had to be jumped the thing has been sitting so long. The salesman said they'd probably take less than that. My cousin works for ford and will give a pin. What would be an ideal amount to pay for the car and what incentives would apply to it? :??:

My zip is 76231...

Thanks...

so is your cousin getting you a a or x plan pin number?
on a retail window sticker of 31720

a plan is 28314 or so and x plan is 29474 and there is a rebate of 4500 plus a 750 bonus

 

[aquill1]

Not sure which one, I'll have to ask which one.

Thanks, it's not worth buying a used 10k-12k car when I could get a brand new for that price. I'll pm you some more questions.

Thanks...

 

[Red Turtle]

There is no way they are losing money. The invoice they will show you is not the true invoice. Back when Corvettes were selling for like $25,xxx a buddy saw a true invoice (in the truckers hands) and the dealership was only giving like $12,000 per car lol. Think about how many salesman work at dealerships and supposedly they only make like $1,500 to $3,000 per car. Seems every single one of them would go out of business.

:rollseyes

LOL, this is coming from a guy that is running his own business. Let me guess, your ported blowers are barely breaking you even and you do it because you enjoy it....

It always blows me away to see people running to save 25-40% off lets say electronics (e.g. when Circuit City announced their closings) and feel like they got an awesome deal. Now when they get the same type of discount on a $30k-$40k car or truck, it is not enough and the dealer is still making a killing.

Yep, the real secret is that dealers only pay half the sticker for the car, keep rebates for themselves, and make 10-15k per unit :burn:

:rollseyes

To make it clear: If anyone purchases a car/truck on A,Z,D,X plan with a pin number, the selling price has to match the INVOICE (whether you think that it is true or not) with the corresponding price of that plan.

I was a manager in the business for 3+ years and yes we made good money on Used Cars, but new was a different story. What was really cool is that if you sold a Ranger at MSRP you were lucky to make $900 on the front end of the deal. Now throw in the commisson of the Salesperson, filling the tank, and the wage of the delivery person, and two detail guys, you might have enough to pay the light bill for the time that it took to make the deal.

 

[03 KB Sonic Blue]

I was a manager in the business for 3+ years and yes we made good money on Used Cars, but new was a different story. What was really cool is that if you sold a Ranger at MSRP you were lucky to make $900 on the front end of the deal. Now throw in the commisson of the Salesperson, filling the tank, and the wage of the delivery person, and two detail guys, you might have enough to pay the light bill for the time that it took to make the deal.[/QUOTE]

LOL. That makes me laugh. Might have enough to pay light bill.:lol:
Come on everyone knows dealers make money otherwise they wouldnt be in business.
You make your money when people trade in their cars and give them nothing for it. Then resell it for 2-4k higher.

 

[Red Turtle]

LOL. That makes me laugh. Might have enough to pay light bill.:lol:
Come on everyone knows dealers make money otherwise they wouldnt be in business.
You make your money when people trade in their cars and give them nothing for it. Then resell it for 2-4k higher.

Hey skippy, read the post again.

I was referring to a RANGER, and I said $900 on the FRONT end. Also note that I said we made good money on USED cars, which I guess you are correct when they steal you trade if that it what you were trying to say. Dealers are in business to make money like anyone else. BTW, no one has to trade their car when you can sell it on your own. We all know the best way to buy a car is not having a trade in.

Try this: Next time you go to a bar, tell the bartender that you are not going to pay $5.00 for draft beer since you know that it cost them 50 cents. :beer:

 

[Streetpwr281]

Really some incredibly misinformed folks in this thread. Dealer markup on New Cars is typically minimal (as a % of MSRP) ranging from $700 - $2500 in real dollars. Most Sales Associate pay plans offer a commission equal to 25% - 40% of the gross profit dependent on that Associates volume for the month. Therefore a Sales Associate earns between $100 (mini-deal) and say $625 on the very high end for selling a new vehicle. New vehicle sales is necessary but not very lucrative for the Dealer. Sales drives Finance and Service/Parts departments where more gross profit is earned. In most cases, especially given the internet information age, a dealer has limited room for negotiation on a new vehicle. Rebates/Incentives go to the buyer on top of any negotiated price. Its a profitable business but only if expenses are managed very tightly and sales/service volume is strong relative to the overall cost structure of the store.

Long and short, there are some unfavorable views towards dealers in this thread which I feel are not warranted. Local dealerships employ a good number of residents and while they are certainly in business to make money most are owned by fair minded individuals who aim to treat all their customers in an honest manner and hopefully earn a living off the cumulative profits from higher volume sales/service.

My $.02.

 

[03 KB Sonic Blue]

Hey skippy, read the post again.

I was referring to a RANGER, and I said $900 on the FRONT end. Also note that I said we made good money on USED cars, which I guess you are correct when they steal you trade if that it what you were trying to say. Dealers are in business to make money like anyone else. BTW, no one has to trade their car when you can sell it on your own. We all know the best way to buy a car is not having a trade in.

Try this: Next time you go to a bar, tell the bartender that you are not going to pay $5.00 for draft beer since you know that it cost them 50 cents. :beer:

I know you said a Ranger. But you just made it sound like dealers dont make any money at all. Thats why I laughed. Sorry for confusion. I own my own business. I do alarm systems and sell tv's and stuff and I always have people try to talk me lower or compare prices. So I know where you come from.

 

[Posi]

:rollseyes

LOL, this is coming from a guy that is running his own business. Let me guess, your ported blowers are barely breaking you even and you do it because you enjoy it....

Umm yeah they don't make me much money with the time I spend porting them:shrug:. I do it because I do actually enjoy it. Haha. Buy one from me and you'll see what I'm talking about in that I spend more time than anyone ever has.oke:

I'm still reading this thread and maybe I have learned something. Not to afraid to admit it lol.

 

[Red Turtle]

Umm yeah they don't make me much money with the time I spend porting them:shrug:. I do it because I do actually enjoy it. Haha. Buy one from me and you'll see what I'm talking about in that I spend more time than anyone ever has.oke:

I'm still reading this thread and maybe I have learned something. Not to afraid to admit it lol.

:beer: All good man :beer:

I just get a little ripped when people start baggin on dealers. I loved my job in the car business, but when my income went down over 50% and pressure went up 200%, it was time to leave. Not too mention that I don't miss the 70-80hr weeks.

 

[Posi]

^I'm fine also:beer:. Believe me it pisses me off to see anyone basically lose their job. Lot of good people without work now and it's not right.

 

[Chris!]

I'll tell you from experience.

the Profits arenot what they used to be.

There is pretty much NO front end gross anymore at ANY of the domestic brands unless its a specialty car on NEW cars.

The money USED to be made on the back end of the deal in the Finance box. However, since the economic downturn, there isnt much to be made there either.

Service Depts. carry dealerships. Its call service absorbtion, the amount that the Fixed ops (service depts, and parts depts) covers of the TOTAL variable ops (sales, finance, etc) expenses.

A dealership to make any money nowadays has to have a great (and busy) service department these days.

Your High-line dealers still make money on the front end. Other than that, its in Service and Parts.

Selling cars has become a Hobby for most dealers. Its sad, but its the truth.

 

[frydguy79]

I was a manager in the business for 3+ years and yes we made good money on Used Cars, but new was a different story. What was really cool is that if you sold a Ranger at MSRP you were lucky to make $900 on the front end of the deal. Now throw in the commisson of the Salesperson, filling the tank, and the wage of the delivery person, and two detail guys, you might have enough to pay the light bill for the time that it took to make the deal.

LOL. That makes me laugh. Might have enough to pay light bill.:lol:
Come on everyone knows dealers make money otherwise they wouldnt be in business.
You make your money when people trade in their cars and give them nothing for it. Then resell it for 2-4k higher.[/QUOTE]

most dealers give fair wholesale value for a good clean trade in, and if it needs a bunch of work and money to get it lot ready then that cost is deducted from the wholesale value.
everything in this world that is bought and sold has a wholesale cost, nobody
in business can buy retail cost and sell for the same retail cost, wether it is bottled water, beer, or even jewlery or furniture these products have markups of over 400-500% of cost, how many of you dicker on that junk when you buy it?????

 

[03 KB Sonic Blue]

most dealers give fair wholesale value for a good clean trade in, and if it needs a bunch of work and money to get it lot ready then that cost is deducted from the wholesale value.
everything in this world that is bought and sold has a wholesale cost, nobody

Ok. Well Im about to get a new GT500. Talked to them about trading my car in 20K is highest offer I have gotten. Now I had someone come look at car and offer me 24K. Hmmmm. I think I will sell locally and make 4k. Its common sense not to trade in a car unless you have to or dont want to deal with selling it.

 

[frydguy79]

most dealers give fair wholesale value for a good clean trade in, and if it needs a bunch of work and money to get it lot ready then that cost is deducted from the wholesale value.
everything in this world that is bought and sold has a wholesale cost, nobody

Ok. Well Im about to get a new GT500. Talked to them about trading my car in 20K is highest offer I have gotten. Now I had someone come look at car and offer me 24K. Hmmmm. I think I will sell locally and make 4k. Its common sense not to trade in a car unless you have to or dont want to deal with selling it.

here is what 03 cobra's are bringing at the auto auctions , what wholesale values truly are
Vehicle Identification
Search: Select Region: National
Year: 2003 Seasonal Adjustment: No
Make: FORD
Model: MUSTANG V8
Style: 2D COUPE COBRA

Transactions

Date Auction Sale Type Price Mileage Cond Color Eng Trans In Sample
02/25/09 CEN FLA Regular $11,400 54,727 Avg BLACK 8G 6 Yes
03/11/09 KC Lease $17,900 15,370 Avg DKRED 8G 6 Yes
03/17/09 GA DLRS Lease $9,500 113,652 Below YELLOW 8G 6 Yes
03/17/09 DAL DLRS Lease $18,400 38,835 Avg BLUE 8G 6 Yes
03/17/09 BIG H Regular $12,500 83,072 Avg BLACK 8G S Yes
03/23/09 AYCOCK Regular $17,000 50,168 Avg WHITE 8G 6 Yes


Copyright © 1996-2008 Manheim Auctions



so at 20 they a truly on the money or better