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Mar 27, 2008 | 10:21 PM

#11

Custom88

Thread Starter

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Joined: Aug 2002

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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.

Mar 27, 2008 | 10:28 PM

#12

chr0mius

Senior Member

Posts like a Camaro

Joined: Jan 2006

Posts: 1,137

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From: Riverside, CA

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

Think of the price the dealer would have to buy a car for in order to make any money off of it...