Archive for January, 2008
How much are new cars marked up from dealerships?
Saturday, January 26th, 2008PlasticTrees asked:
My boyfriend works at one and I’m just wondering (he’s not too sure, he just takes the $ they give him). **Dealerships have their markups but used cars are a much better profit because he gets around 40% comm**. So with new cars the dealership buys them from Dodge etc, and resells them an barely makes $. How much do you think they mark it up?
My boyfriend works at one and I’m just wondering (he’s not too sure, he just takes the $ they give him). **Dealerships have their markups but used cars are a much better profit because he gets around 40% comm**. So with new cars the dealership buys them from Dodge etc, and resells them an barely makes $. How much do you think they mark it up?
My boyfriend makes 20% regardless and I’m just wondering if anyone knows the appx markup value to the MSRP.
PHYLISS
What are the laws with buying cars? We bought a new car last week and was verbally told the interest rate. ?
Saturday, January 12th, 2008m.e.l. asked:
Their financing guy is only there on certain days to sign the papers so nothing was in writing reagrding the interest rate. We went back to sign the papers for the loan and was told it was significantly higher that what we were told. We had already bought the car. What are my options or am I stuck with a payment I can’t afford. It is $100 higher a month.
VICKEY
Their financing guy is only there on certain days to sign the papers so nothing was in writing reagrding the interest rate. We went back to sign the papers for the loan and was told it was significantly higher that what we were told. We had already bought the car. What are my options or am I stuck with a payment I can’t afford. It is $100 higher a month.
VICKEY


