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re: How much do used car salesmen make?
Posted on 10/8/16 at 10:56 pm to Breauxsif
Posted on 10/8/16 at 10:56 pm to Breauxsif
800 credit score with 10 grand down that just wants to be at 400/mo on a corolla, but I also want to frick ivanka trump and the latter is probably happening first.
I'll spell it out for you on a regular deal...
Dealer buys Camry with 30k miles at auction for 12k
+transport/auction fees, now 12.5k cost
+reconditioning/floor plan/pack now at 14k
Dealer lists car for 16.5k, makes a deal with a customer at 15k. Customer gets a 2k warranty for 1k profit, and finance makes 2 points on the rate. Dealer profits 1k front end and 2k back end for warranty and rate. That commission is typically 300-400 for the salesperson.
I'll spell it out for you on a regular deal...
Dealer buys Camry with 30k miles at auction for 12k
+transport/auction fees, now 12.5k cost
+reconditioning/floor plan/pack now at 14k
Dealer lists car for 16.5k, makes a deal with a customer at 15k. Customer gets a 2k warranty for 1k profit, and finance makes 2 points on the rate. Dealer profits 1k front end and 2k back end for warranty and rate. That commission is typically 300-400 for the salesperson.
3
Posted on 10/8/16 at 10:56 pm to Northwestern tiger
quote:bullshite.
a friend owns a small car lot, he sells mostly used cars, he makes about 400g a year
Posted on 10/8/16 at 10:59 pm to Breauxsif
quote:Dude, you're the one talking out your arse here. It's quite apparent you're the douchebag here.
I'm not in the fricking business or would ever care to be. You must sleep well at night knowing you ripped granny dearest off for a $10K profit.
Douche.
I only do it on the side now, and I've never ripped anyone off, especially for $10k. I sleep like a baby at night.
You're an assclown.
This post was edited on 10/8/16 at 11:02 pm
Posted on 10/8/16 at 11:00 pm to Breauxsif
quote:
I'm not in the fricking business or would ever care to be. You must sleep well at night knowing you ripped granny dearest off for a $10K profit.
Douche.
I'm not in the being a dumbass that speaks out of my a-hole business or would ever care to be. You must sleep well at night knowing you are a dumbass and you speak out of your a-hole for Internet tough guy status.
Douche.
This post was edited on 10/8/16 at 11:01 pm
Posted on 10/8/16 at 11:02 pm to Retrograde
However, your F@I department is walking away laughing to the bank on holding 2 points over a 72 month note
Your Finance Manager is guaranteed to be making hellah money! Just letting deals come his way.
I'm sure you love the educated people that come in with their own Financing.
Your Finance Manager is guaranteed to be making hellah money! Just letting deals come his way.
I'm sure you love the educated people that come in with their own Financing.
Posted on 10/8/16 at 11:05 pm to bhtigerfan
As a used car person you're telling me you've never dealt with a "lay me down" and made a pounder?
You're full of shite.
You're full of shite.
This post was edited on 10/8/16 at 11:10 pm
Posted on 10/8/16 at 11:06 pm to Retrograde
Very nice troll.
Posted on 10/8/16 at 11:10 pm to Breauxsif
Yes, finance managers make a ton of money. Glad you caught on.
Posted on 10/8/16 at 11:12 pm to Retrograde
Is this the case? Do dealers really make this little on an average car sale? What about a more expensive car? More markup? I hate that dealers are not negotiating like they used to.
quote:
800 credit score with 10 grand down that just wants to be at 400/mo on a corolla, but I also want to frick ivanka trump and the latter is probably happening first.
I'll spell it out for you on a regular deal...
Dealer buys Camry with 30k miles at auction for 12k
+transport/auction fees, now 12.5k cost
+reconditioning/floor plan/pack now at 14k
Dealer lists car for 16.5k, makes a deal with a customer at 15k. Customer gets a 2k warranty for 1k profit, and finance makes 2 points on the rate. Dealer profits 1k front end and 2k back end for warranty and rate. That commission is typically 300-400 for the salesperson.
Posted on 10/8/16 at 11:12 pm to Retrograde
quote:I do this, but it's more like:
Dealer buys Camry with 30k miles at auction for 12k
+transport/auction fees, now 12.5k cost
+reconditioning/floor plan/pack now at 14k
Dealer lists car for 16.5k, makes a deal with a customer at 15k.
Buy it for $12.5k from auction.
Detail/repair as needed myself, still at $12.5k.
List it for $15.9k, sell it for $15k and profit $2.5k.
I try not to buy stuff that needs alot of repairs, and I like to buy Toyota.
Posted on 10/8/16 at 11:15 pm to bhtigerfan
i thought about wholesaling, but my arse is not detailing and doing PDR.
This post was edited on 10/8/16 at 11:17 pm
Posted on 10/8/16 at 11:18 pm to Breauxsif
quote:I have no idea what that means.
As a used car person you're telling me you've never dealt with a "lay me down" and made a pounder?
Put it this way. I owned a lot for 5 years and got out when the economy took a nosedive in '09. A good friend of mine told me, "You know what your problem is? You're an honest person in an dishonest business."
Posted on 10/8/16 at 11:20 pm to Retrograde
I'm doing retailing through my dad's lot. I only buy a couple at a time though, so it's not too bad. I just do it on the side to make extra cash.
This post was edited on 10/8/16 at 11:27 pm
Posted on 10/8/16 at 11:20 pm to 225bred
A good one can make 100+ in his first year......... 
Posted on 10/8/16 at 11:23 pm to bhtigerfan
Pounder = $10K
I have yet to meet any one associated with the car business to be an honest person.
I have yet to meet any one associated with the car business to be an honest person.
Posted on 10/8/16 at 11:24 pm to Retrograde
quote:Just hire it out.
i thought about wholesaling, but my arse is not detailing and doing PDR.
Have a friend thinking about opening a business doing this. Detailing/repair for used dealerships. Bring your shite from aution, he details it, gives an estimate for repairs, fixes what you want and returns you a frontline ready unit.
Posted on 10/8/16 at 11:26 pm to Breauxsif
quote:Sounds like you hang out with shitty people. Not surprising.
I have yet to meet any one associated with the car business to be an honest person.
Posted on 10/8/16 at 11:32 pm to Breauxsif
No one cares about your shitty opinions or wildly inaccurate statements about a business you clearly know nothing about. You can't let that frustration resulting from Jim Bob at Joe's autos making a pounder on that Ford Focus he sold you ruin the rest of your weekend.
There, you got some honesty out of the car business.
There, you got some honesty out of the car business.
Posted on 10/8/16 at 11:33 pm to bhtigerfan
Only when I absolutely have to step foot inside a dealership do I deal with shitty people like you.
Good for you on the career choice though
Good for you on the career choice though
Posted on 10/8/16 at 11:34 pm to Retrograde
Hahahaha, Ford Focus deal. That's cute.
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