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Old 03-27-2008, 11:21 PM   #11
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Quote:
Originally Posted by toastedoats
That number is a gross exaggeration.

I know several people in the car business, and the BEST that anyone has ever heard of earning is 35% of the PROFIT, not the total cost of the car
Come to think of it, I BET that my friend totally misunderstood what the guy was telling him. If he'* making $350 out of every $1,000, that'* probably per $1,000 OF THE PROFIT. Not the total cost of the car like my friend thinks/says. So, Lets say the dealer made $7,000 off my CTS. 35% of that would be $2,450, which the salesman took home.. That'* a lot more believable IMO.
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Old 03-27-2008, 11:28 PM   #12
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Quote:
Originally Posted by Custom88
Quote:
Originally Posted by toastedoats
That number is a gross exaggeration.

I know several people in the car business, and the BEST that anyone has ever heard of earning is 35% of the PROFIT, not the total cost of the car
Come to think of it, I BET that my friend totally misunderstood what the guy was telling him. If he'* making $350 out of every $1,000, that'* probably per $1,000 OF THE PROFIT. Not the total cost of the car like my friend thinks/says. So, Lets say the dealer made $7,000 off my CTS. 35% of that would be $2,450, which the salesman took home.. That'* a lot more believable IMO.
Think of the price the dealer would have to buy a car for in order to make any money off of it...
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