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October 4, 2010 at 2:16 PM #612370October 4, 2010 at 2:58 PM #613463CoronitaParticipant
[quote=deadzone]What is the differnece between invoice and dealer cost? (I’m looking for a definition.) Obviously dealer cost must be less because it is not uncommon for dealers to sell at invoice.
I always assumed that anything they made above invoice was fudge factor for the comissioned salespeople. That is why it is important to set up an appt with Internet sales so you don’t have to deal with a commissioned sales goon. If you are smart enough to know you can get the car at or near invoice, then it is just a big waste of time dealing with the commisioned sales goon cause at invoice he can’t make any commission.
Of course it is obvious that dealers make a lot of money scamming all of the unnecessary after market crap (i.e. lojack, extended warrantee, ..) so maybe they are willing to sell a car with little or no profit if they assume they can sell you other crap.[/quote]
It’s no joke, there are no gotcha. BMW’s I believe have a 3% holdback allowance, so they can still make 3% of the MSRP even if they sell a car at invoice. I think though typically, BMW’s were in demand that dealers didn’t need to wheel and deal to do this, since they could find buyers. In SD, apparently this is still the case. I guess not so in L.A. I’m a little surprised about the Audi’s though. Because my understanding was there are no holdback allowances from audi.
October 4, 2010 at 2:58 PM #613148CoronitaParticipant[quote=deadzone]What is the differnece between invoice and dealer cost? (I’m looking for a definition.) Obviously dealer cost must be less because it is not uncommon for dealers to sell at invoice.
I always assumed that anything they made above invoice was fudge factor for the comissioned salespeople. That is why it is important to set up an appt with Internet sales so you don’t have to deal with a commissioned sales goon. If you are smart enough to know you can get the car at or near invoice, then it is just a big waste of time dealing with the commisioned sales goon cause at invoice he can’t make any commission.
Of course it is obvious that dealers make a lot of money scamming all of the unnecessary after market crap (i.e. lojack, extended warrantee, ..) so maybe they are willing to sell a car with little or no profit if they assume they can sell you other crap.[/quote]
It’s no joke, there are no gotcha. BMW’s I believe have a 3% holdback allowance, so they can still make 3% of the MSRP even if they sell a car at invoice. I think though typically, BMW’s were in demand that dealers didn’t need to wheel and deal to do this, since they could find buyers. In SD, apparently this is still the case. I guess not so in L.A. I’m a little surprised about the Audi’s though. Because my understanding was there are no holdback allowances from audi.
October 4, 2010 at 2:58 PM #612395CoronitaParticipant[quote=deadzone]What is the differnece between invoice and dealer cost? (I’m looking for a definition.) Obviously dealer cost must be less because it is not uncommon for dealers to sell at invoice.
I always assumed that anything they made above invoice was fudge factor for the comissioned salespeople. That is why it is important to set up an appt with Internet sales so you don’t have to deal with a commissioned sales goon. If you are smart enough to know you can get the car at or near invoice, then it is just a big waste of time dealing with the commisioned sales goon cause at invoice he can’t make any commission.
Of course it is obvious that dealers make a lot of money scamming all of the unnecessary after market crap (i.e. lojack, extended warrantee, ..) so maybe they are willing to sell a car with little or no profit if they assume they can sell you other crap.[/quote]
It’s no joke, there are no gotcha. BMW’s I believe have a 3% holdback allowance, so they can still make 3% of the MSRP even if they sell a car at invoice. I think though typically, BMW’s were in demand that dealers didn’t need to wheel and deal to do this, since they could find buyers. In SD, apparently this is still the case. I guess not so in L.A. I’m a little surprised about the Audi’s though. Because my understanding was there are no holdback allowances from audi.
October 4, 2010 at 2:58 PM #612479CoronitaParticipant[quote=deadzone]What is the differnece between invoice and dealer cost? (I’m looking for a definition.) Obviously dealer cost must be less because it is not uncommon for dealers to sell at invoice.
I always assumed that anything they made above invoice was fudge factor for the comissioned salespeople. That is why it is important to set up an appt with Internet sales so you don’t have to deal with a commissioned sales goon. If you are smart enough to know you can get the car at or near invoice, then it is just a big waste of time dealing with the commisioned sales goon cause at invoice he can’t make any commission.
Of course it is obvious that dealers make a lot of money scamming all of the unnecessary after market crap (i.e. lojack, extended warrantee, ..) so maybe they are willing to sell a car with little or no profit if they assume they can sell you other crap.[/quote]
It’s no joke, there are no gotcha. BMW’s I believe have a 3% holdback allowance, so they can still make 3% of the MSRP even if they sell a car at invoice. I think though typically, BMW’s were in demand that dealers didn’t need to wheel and deal to do this, since they could find buyers. In SD, apparently this is still the case. I guess not so in L.A. I’m a little surprised about the Audi’s though. Because my understanding was there are no holdback allowances from audi.
October 4, 2010 at 2:58 PM #613033CoronitaParticipant[quote=deadzone]What is the differnece between invoice and dealer cost? (I’m looking for a definition.) Obviously dealer cost must be less because it is not uncommon for dealers to sell at invoice.
I always assumed that anything they made above invoice was fudge factor for the comissioned salespeople. That is why it is important to set up an appt with Internet sales so you don’t have to deal with a commissioned sales goon. If you are smart enough to know you can get the car at or near invoice, then it is just a big waste of time dealing with the commisioned sales goon cause at invoice he can’t make any commission.
Of course it is obvious that dealers make a lot of money scamming all of the unnecessary after market crap (i.e. lojack, extended warrantee, ..) so maybe they are willing to sell a car with little or no profit if they assume they can sell you other crap.[/quote]
It’s no joke, there are no gotcha. BMW’s I believe have a 3% holdback allowance, so they can still make 3% of the MSRP even if they sell a car at invoice. I think though typically, BMW’s were in demand that dealers didn’t need to wheel and deal to do this, since they could find buyers. In SD, apparently this is still the case. I guess not so in L.A. I’m a little surprised about the Audi’s though. Because my understanding was there are no holdback allowances from audi.
October 5, 2010 at 4:06 AM #613307CA renterParticipant[quote=flu][quote=FormerSanDiegan][quote=flu]
Any ideas why?I’m thinking
1) Too much competition in L.A.
2) L.A. economy is in much worse shape than S.D.[/quote]I think it’s because everyone in LA already has a BMW.[/quote]
The dealership I was visiting for a pickup was completely empty on a supposedly busy weekend. I guess it was a complete opposite of when I visited BMW of SD. So I don’t get it. Maybe L.A. economic situation really is bad.
(Funny thing was the the dealership I was visiting was doing $25k off of a new M6……I guess with the redesign around the corner, they want get rid of these outgoing 6 series bodystyles.)[/quote]Though we haven’t lived in L.A. for quite awhile, we have friends and family there, and visit often. I also follow real estate in certain LA areas.
I think both of your guesses are correct — too much competition, and their economy is weaker than ours.
This is just from my anecdotal sources, but it sounds like the entertainment industry is going through a pretty rough patch, and has been for a few years. The entertainment industry is to L.A. what biotech and technology are to San Diego.
Also, L.A. is more impacted by “poor” people than San Diego. It’s been pretty devoid of a “middle class” for longer than what we’ve seen down here. The wealth disparity is much more evident in LA than in SD, IMHO.
October 5, 2010 at 4:06 AM #613423CA renterParticipant[quote=flu][quote=FormerSanDiegan][quote=flu]
Any ideas why?I’m thinking
1) Too much competition in L.A.
2) L.A. economy is in much worse shape than S.D.[/quote]I think it’s because everyone in LA already has a BMW.[/quote]
The dealership I was visiting for a pickup was completely empty on a supposedly busy weekend. I guess it was a complete opposite of when I visited BMW of SD. So I don’t get it. Maybe L.A. economic situation really is bad.
(Funny thing was the the dealership I was visiting was doing $25k off of a new M6……I guess with the redesign around the corner, they want get rid of these outgoing 6 series bodystyles.)[/quote]Though we haven’t lived in L.A. for quite awhile, we have friends and family there, and visit often. I also follow real estate in certain LA areas.
I think both of your guesses are correct — too much competition, and their economy is weaker than ours.
This is just from my anecdotal sources, but it sounds like the entertainment industry is going through a pretty rough patch, and has been for a few years. The entertainment industry is to L.A. what biotech and technology are to San Diego.
Also, L.A. is more impacted by “poor” people than San Diego. It’s been pretty devoid of a “middle class” for longer than what we’ve seen down here. The wealth disparity is much more evident in LA than in SD, IMHO.
October 5, 2010 at 4:06 AM #612668CA renterParticipant[quote=flu][quote=FormerSanDiegan][quote=flu]
Any ideas why?I’m thinking
1) Too much competition in L.A.
2) L.A. economy is in much worse shape than S.D.[/quote]I think it’s because everyone in LA already has a BMW.[/quote]
The dealership I was visiting for a pickup was completely empty on a supposedly busy weekend. I guess it was a complete opposite of when I visited BMW of SD. So I don’t get it. Maybe L.A. economic situation really is bad.
(Funny thing was the the dealership I was visiting was doing $25k off of a new M6……I guess with the redesign around the corner, they want get rid of these outgoing 6 series bodystyles.)[/quote]Though we haven’t lived in L.A. for quite awhile, we have friends and family there, and visit often. I also follow real estate in certain LA areas.
I think both of your guesses are correct — too much competition, and their economy is weaker than ours.
This is just from my anecdotal sources, but it sounds like the entertainment industry is going through a pretty rough patch, and has been for a few years. The entertainment industry is to L.A. what biotech and technology are to San Diego.
Also, L.A. is more impacted by “poor” people than San Diego. It’s been pretty devoid of a “middle class” for longer than what we’ve seen down here. The wealth disparity is much more evident in LA than in SD, IMHO.
October 5, 2010 at 4:06 AM #612754CA renterParticipant[quote=flu][quote=FormerSanDiegan][quote=flu]
Any ideas why?I’m thinking
1) Too much competition in L.A.
2) L.A. economy is in much worse shape than S.D.[/quote]I think it’s because everyone in LA already has a BMW.[/quote]
The dealership I was visiting for a pickup was completely empty on a supposedly busy weekend. I guess it was a complete opposite of when I visited BMW of SD. So I don’t get it. Maybe L.A. economic situation really is bad.
(Funny thing was the the dealership I was visiting was doing $25k off of a new M6……I guess with the redesign around the corner, they want get rid of these outgoing 6 series bodystyles.)[/quote]Though we haven’t lived in L.A. for quite awhile, we have friends and family there, and visit often. I also follow real estate in certain LA areas.
I think both of your guesses are correct — too much competition, and their economy is weaker than ours.
This is just from my anecdotal sources, but it sounds like the entertainment industry is going through a pretty rough patch, and has been for a few years. The entertainment industry is to L.A. what biotech and technology are to San Diego.
Also, L.A. is more impacted by “poor” people than San Diego. It’s been pretty devoid of a “middle class” for longer than what we’ve seen down here. The wealth disparity is much more evident in LA than in SD, IMHO.
October 5, 2010 at 4:06 AM #613738CA renterParticipant[quote=flu][quote=FormerSanDiegan][quote=flu]
Any ideas why?I’m thinking
1) Too much competition in L.A.
2) L.A. economy is in much worse shape than S.D.[/quote]I think it’s because everyone in LA already has a BMW.[/quote]
The dealership I was visiting for a pickup was completely empty on a supposedly busy weekend. I guess it was a complete opposite of when I visited BMW of SD. So I don’t get it. Maybe L.A. economic situation really is bad.
(Funny thing was the the dealership I was visiting was doing $25k off of a new M6……I guess with the redesign around the corner, they want get rid of these outgoing 6 series bodystyles.)[/quote]Though we haven’t lived in L.A. for quite awhile, we have friends and family there, and visit often. I also follow real estate in certain LA areas.
I think both of your guesses are correct — too much competition, and their economy is weaker than ours.
This is just from my anecdotal sources, but it sounds like the entertainment industry is going through a pretty rough patch, and has been for a few years. The entertainment industry is to L.A. what biotech and technology are to San Diego.
Also, L.A. is more impacted by “poor” people than San Diego. It’s been pretty devoid of a “middle class” for longer than what we’ve seen down here. The wealth disparity is much more evident in LA than in SD, IMHO.
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