Originally Posted by mshardee
I was able to get 1% below invoice through work bought I was only told what invoice was never showed on an invoice. Then I was told I could not get the other rebates for Dodge because of the discount I was already getting . Is this right? I got an 2010 1500 ram Sport with towing, lighting package and 3.92 upgrade for around 30. How is this compaired to other out here.
Yea bro you got screwed. I work as a vendor for car deakerships and know all the in's and outs of how dealerships work. There really is so many ways for them to make money off of a customer its rediculous.
Car Basics 101:
Invoice does not mean thats what a dealer pays for a vehicle. Every dealer for every make/model gets a "holdback". For Dodge 1500's it is currently about 1200 bucks.
Rebates usually also change every month.
Theres a difference between "Dealer Cash" and "Rebates". Dealer cash is basically money that they can choose to give you or not. Rebates must be disclosed to a customer.
So heres an example...
Invoice is roughly 37k
37k minus rebates (say 5k)
So say you buy the truck for 32... great price, but now the dealer gets his "holdback" money from Chrysler for a $1200 profit, which on a 40k truck is completely fair IMO.
Many dealers DO NOT go into their holdback money, but they can (usually ad units). Again this is generic, please don't run to your dealer screaming about holdback because you will prob look like a fool if you mix something up while demanding the best deal possible.
Remember, dealers are a business and have to turn a profit; you can't expect a dealer to sell you a car without making some money... no one wants to work for free.
EDIT: I guess the word "screwed" is kinda harsh, it really depends on how you look at it. I would have to know all the details of your deal for me to say you were or weren't screwed.