supe Posted February 26, 2007 Report Share Posted February 26, 2007 My Buddie just purchase a Shelby and its awesome. So the question "how much". A sweet deal $4000.00 over MSRP. I am on the hunt for a car. :happy feet: Link to comment Share on other sites More sharing options...
Grabber Posted February 26, 2007 Report Share Posted February 26, 2007 My Buddie just purchase a Shelby and its awesome. So the question "how much". A sweet deal $4000.00 over MSRP. I am on the hunt for a car. :happy feet: A deal like that is going to be hard to find unless you have some special connection or favor owed you. Good luck on the hunt. Let us know how it goes. Grabber Link to comment Share on other sites More sharing options...
Blue Oval Posted February 27, 2007 Report Share Posted February 27, 2007 A deal like that is going to be hard to find unless you have some special connection or favor owed you. Good luck on the hunt. Let us know how it goes. Grabber +1 Link to comment Share on other sites More sharing options...
chuckstang Posted February 27, 2007 Report Share Posted February 27, 2007 A deal like that is going to be hard to find unless you have some special connection or favor owed you. Good luck on the hunt. Let us know how it goes. Grabber Oh for gods sake would that attitude just stop already. Let me ask, how much over did you pay? Im guessing more than 4k and you are just bitter! Link to comment Share on other sites More sharing options...
rpretzel Posted February 27, 2007 Report Share Posted February 27, 2007 A deal like that is going to be hard to find unless you have some special connection or favor owed you. Good luck on the hunt. Let us know how it goes. Grabber +1 I imagine most, if not all, the good deals have been snatched up already. Link to comment Share on other sites More sharing options...
FormerGmc Posted February 27, 2007 Report Share Posted February 27, 2007 Oh for gods sake would that attitude just stop already. Let me ask, how much over did you pay? Im guessing more than 4k and you are just bitter! Not bitter here! 4k on the ground? I can drive it today? No waiting?? Tell me where, I just might buy another one. :D Link to comment Share on other sites More sharing options...
gt50035 Posted February 27, 2007 Report Share Posted February 27, 2007 My Buddie just purchase a Shelby and its awesome. So the question "how much". A sweet deal $4000.00 over MSRP. I am on the hunt for a car. :happy feet: supe, why don't you try the same dealer (if they have access to another gt500) that gave your buddy that deal? grabber is right, 4k over msrp is like stealng the car at this point. most adm's are still at least 10k or more over sticker. Link to comment Share on other sites More sharing options...
mastersmech1 Posted February 27, 2007 Report Share Posted February 27, 2007 Oh for gods sake would that attitude just stop already. Let me ask, how much over did you pay? Im guessing more than 4k and you are just bitter! WTF? I didn't see any attitude. What crawled up your a$$? Link to comment Share on other sites More sharing options...
Grabber Posted February 27, 2007 Report Share Posted February 27, 2007 Oh for gods sake would that attitude just stop already. Let me ask, how much over did you pay? Im guessing more than 4k and you are just bitter! Link to comment Share on other sites More sharing options...
mustang crazy Posted February 27, 2007 Report Share Posted February 27, 2007 Not bitter here! 4k on the ground? I can drive it today? No waiting?? Tell me where, I just might buy another one. :D just made a deal on 2008 msrp in louisiana at small dealership what a steal they said they are still making money on it Link to comment Share on other sites More sharing options...
Grabber Posted February 27, 2007 Report Share Posted February 27, 2007 just made a deal on 2008 msrp in louisiana at small dealership what a steal they said they are still making money on it Wow great deal. 1st post too. Welcome. So many have been burned with no contract. I assume you have it all in writing and they took a down payment. Why the big Green face ? Link to comment Share on other sites More sharing options...
mustang crazy Posted February 27, 2007 Report Share Posted February 27, 2007 Wow great deal. 1st post too. Welcome. So many have been burned with no contract. I assume you have it all in writing and they took a down payment. Why the big Green face ? yes have contract and down payment on car the green face was tring to put a happy face on it still tring Link to comment Share on other sites More sharing options...
Alloy Dave Posted February 27, 2007 Report Share Posted February 27, 2007 Oh for gods sake would that attitude just stop already. Let me ask, how much over did you pay? Im guessing more than 4k and you are just bitter! Chuck, the facts speak for themselves. We have many knowledgeable people on the forum. Some of them are dealers and others have scoured the US for a decent price. The fact remains....Grabber is RIGHT...it is currently difficult to obtain this good of a price. Believe me, Grabber is not bitter. He is sensible. And for the record...I paid less than $4k over...and I agree with Grabber. Dave Link to comment Share on other sites More sharing options...
SVTpower Posted February 27, 2007 Report Share Posted February 27, 2007 just made a deal on 2008 msrp in louisiana at small dealership what a steal they said they are still making money on it Of course they are 8 - 10 percent from msrp to invoice cost..........I know, I was in the business. So 4000-5000 bucks on each car if sold at msrp. Link to comment Share on other sites More sharing options...
Five Oh B Posted February 27, 2007 Report Share Posted February 27, 2007 Of course they are 8 - 10 percent from msrp to invoice cost..........I know, I was in the business. So 4000-5000 bucks on each car if sold at msrp. Not that it matters much, but MSRP on a GT500 is $42,975 (before options), with invoice at $39,488. That's $3,487 in profit - not $4K to $5K. Now on a heavily optioned GT500, you may be closer. Link to comment Share on other sites More sharing options...
Joker45 Posted February 27, 2007 Report Share Posted February 27, 2007 Still, making 3.5 grand on a car that sells itself and takes a couple hours of your time from start to the finish of the deal is not a bad profit. Wish I made a grand an hour :P Link to comment Share on other sites More sharing options...
5.4 Shelby Posted February 28, 2007 Report Share Posted February 28, 2007 B)--> QUOTE(Five Oh B @ Feb 27 2007, 04:35 PM) 107250[/snapback] Not that it matters much, but MSRP on a GT500 is $42,975 (before options), with invoice at $39,488. That's $3,487 in profit - not $4K to $5K. Now on a heavily optioned GT500, you may be closer. what about holdback? Link to comment Share on other sites More sharing options...
Grabber Posted February 28, 2007 Report Share Posted February 28, 2007 B)--><div class='quotetop'>QUOTE(Five Oh B @ Feb 27 2007, 04:35 PM) 107250[/snapback]</div><div class='quotemain'><!--quotec-->Not that it matters much, but MSRP on a GT500 is $42,975 (before options), with invoice at $39,488. That's $3,487 in profit - not $4K to $5K. Now on a heavily optioned GT500, you may be closer.what about holdback? Good to see ya 5.4. Hope things are good in your world. What some people fail to realize is that the dealer hold back helps pay for advertizing and other sales costs. That stuff costs money. Link to comment Share on other sites More sharing options...
5.4 Shelby Posted February 28, 2007 Report Share Posted February 28, 2007 Good to see ya 5.4. Hope things are good in your world. What some people fail to realize is that the dealer hold back helps pay for advertizing and other sales costs. That stuff costs money. Hey Grabber, good to hear from you, too. I've been around. Just been in Lurk mode for a few months. I stopped by a local dealer that had a (sold) red/white GT500 in their service bay. It was really pretty. Not sure if it will sway me from the white/blue, though. I have a while to decide. I am hearing April 16th for order date for '08. I'll decide by then (knowing that I can change it until it is pulled for production). I realize part of the profit goes to overhead. Whether it is the holdback, part of the "above invoice" amount or all of it differs from deal to deal, car to car and dealer to dealer. My question was really trying to see if the holdback brought it to the 4 or 5 grand that SVTPower spoke of. I think it does. Link to comment Share on other sites More sharing options...
shelbyGT500 Posted February 28, 2007 Report Share Posted February 28, 2007 ya, theres probally about $1000 in hold back. The average profit on ford cars was at about 11% without hold back in the mid 90s.Their profit margin has shrunk quite abit in the last 10 years. With holdback the dealers profit is around 4-5K. Holdback is not "just for advertising ect" it is general profit like anything else.It could go towards stamps and envelopes or a new house for the owner. LOL Link to comment Share on other sites More sharing options...
VAiN Posted February 28, 2007 Report Share Posted February 28, 2007 It's only a matter of time before deals for MSRP are common... I read Ford will make 10,000 to 12,000 of these cars a year. I'm sure once they have 20,000 of them on the ground they won't be making an additional 10k on any of them. Link to comment Share on other sites More sharing options...
Five Oh B Posted February 28, 2007 Report Share Posted February 28, 2007 ya, theres probally about $1000 in hold back. The average profit on ford cars was at about 11% without hold back in the mid 90s.Their profit margin has shrunk quite abit in the last 10 years. With holdback the dealers profit is around 4-5K. Holdback is not "just for advertising ect" it is general profit like anything else.It could go towards stamps and envelopes or a new house for the owner. LOL Correct, Ford is squeezing the gap between invoice and MSRP yearly. Used to be that selling at MSRP was like hitting the lottery, but now it's a very small percentage. On some models, like Ranger or Focus, that difference can be as little as $400 to $500! Holdback is paid by most manufacturers, and is customarily 3% of MSRP. This is true for Ford, as well. Holdback is paid to the dealer to offset the cost of interest paid on vehicles sitting on the lot unsold. This allows dealers to buy a lot more vehicles to build up a big display and selection for customers than they would be able to otherwise. Basically, we don't own the vehicles on our lot - the bank does. And the bank charges us interest every month. Holdback covers that interest for about 90 days. If you add up the holdback paid to a dealer for the entire month on all vehicles and subtract out the interest paid for that month to the bank, the holdback line is usually a wash (read: not a profit generator). Some stores lose money on this line if they stock up too heavily and don't sell enough cars, while better dealers can turn a little profit on this line. If you read the explanations of holdback at edmunds.com or kbb.com, you'll see that the experts also will tell you that it is not a source of income and hence is typically not negotiable at a dealership. Link to comment Share on other sites More sharing options...
Alloy Dave Posted February 28, 2007 Report Share Posted February 28, 2007 QUOTE(Five Oh B @ Feb 28 2007, 11:13 AM) 107642[/snapback]</div><div class='quotemain'><!--quotec-->Correct, Ford is squeezing the gap between invoice and MSRP yearly. Used to be that selling at MSRP was like hitting the lottery, but now it's a very small percentage. On some models, like Ranger or Focus, that difference can be as little as $400 to $500! Holdback is paid by most manufacturers, and is customarily 3% of MSRP. This is true for Ford, as well. Holdback is paid to the dealer to offset the cost of interest paid on vehicles sitting on the lot unsold. This allows dealers to buy a lot more vehicles to build up a big display and selection for customers than they would be able to otherwise. Basically, we don't own the vehicles on our lot - the bank does. And the bank charges us interest every month. Holdback covers that interest for about 90 days. If you add up the holdback paid to a dealer for the entire month on all vehicles and subtract out the interest paid for that month to the bank, the holdback line is usually a wash (read: not a profit generator). Some stores lose money on this line if they stock up too heavily and don't sell enough cars, while better dealers can turn a little profit on this line. If you read the explanations of holdback at edmunds.com or kbb.com, you'll see that the experts also will tell you that it is not a source of income and hence is typically not negotiable at a dealership. Great explanation Five Oh, makes sense. It never ceases to amaze me how some people try to oversimplify things. We often fail to remember that the dealerships have a large overhead to consider. The building, the utilities, the financing on their dealership, paving the parking lot, striping it, planting trees/bushes, signs, restrooms in the showroom, window washing...you could go on and on. Not to mention all the hours the sales people stand around when no customers are in the store. Then, they spend 1-2 hours selling a car and we think we're paying a fortune "per hour" for that service. I sometimes wonder if we'll ever get to the point where you could order a car directly from the internet and have it delivered to your house to cut out all that cost. I know it would take a lot of changes, and it definitely would not work for all customer groups...but for people who already know about the cars, can pay cash or arrange financing on their own, and if they could figure out a way to do the PDI....then just maybe... Not trying to run you out of business....I'm sure many people still need all the services the dealers provide. Hope no offense taken. Link to comment Share on other sites More sharing options...
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