Kamuelaflyer
Well-Known Member
- Joined
- Feb 18, 2020
- Threads
- 9
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- Location
- Hawaii
- Vehicles
- 2021 Premium Infinite Blue. ER AWD. 2020 Raptor
This. With ADM in the example I listed ($1000) and the average holdback of 3% on a $50,000 msrp vehicle, you're looking at $2500 potential profit instead of $1500. It also gives the dealer ammunition in price negotiations as you're starting at a higher initial price, say $51,000 instead of $50,000.No ADM. Can't jack you around with paperwork fees - they are limited to I think $275 for processing fees. Dealers LOVE those fees.
xplan reduces a dealer to an order taker, nothing more. Will there still be a profit? Yes, but not like before. And dealers do have costs: employee compensation, rent, utilities, parts inventory, car inventory etc. It adds up in a hurry and in some places it reaches absurd levels.
And then there's the MME. I've been told (but haven't verified) that there's no holdback on that car. Makes it even more complicated.
I blame the pandemic.
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