Programs are back !!!
#76
The dealer gets paid on finance or lease interest mark up, though none is allowed on the 1.9 offer. We get a flat fee for that which is basically a non factor.
Porsche is taking care of the dealer in the sense that we have actual programs, which is rare for porsche, which should allow us to sell the cars. Not much beyond that. Unloading inventory is the primary focus right now.
Porsche is taking care of the dealer in the sense that we have actual programs, which is rare for porsche, which should allow us to sell the cars. Not much beyond that. Unloading inventory is the primary focus right now.
"10% off MSRP is actually a PCNA mandated discount. They absolutely must discount the cars at least 10% as per PCNA."
Legal issues aside, it seems to be complete BS but I could be wrong.
#77
Cap'n Insane the Engorged
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From: Where Mountains Meet the Sea
#79
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#81
What a load of BS, PCNA can tell you not to sell over sticker but they cant do a thing about how much you discount. Last night on my way home from NJ I stopped on the lot of a dealer and looked at their special pricing they posted on their cars. They had 5 left over 2008's which were priced higher then where we're selling the same model of 09.
#82
What a load of BS, PCNA can tell you not to sell over sticker but they cant do a thing about how much you discount. Last night on my way home from NJ I stopped on the lot of a dealer and looked at their special pricing they posted on their cars. They had 5 left over 2008's which were priced higher then where we're selling the same model of 09.
#84
thoughts?
#85
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From: New Hampshire
15k miles per year is 52%, add 3 points for 10k(low mileage adjustment), gives 55%. base money factor is .00146, maximum allowed markup is to .00186. At .00166, they are making a little money in reserve, but likely less than $1k.
#86
is 10% off sticker for an '09 norm at this time? or, again, are they being hard nosed and should be yielding more?
#88
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From: New Hampshire
it's hard to screw with someone on residual/mileage in that direction. Easy in the other direction, but wrong either way. More likely someone quoted numbers without hearing you say 10k, or paying attention when you said 10k, or something like that. 10% off an 09 is about what I'm doing, so its not far off in either direction.
#89
09 S pdk coupe base residual is .52 and for 10k add 3 just like Alfie said. The same residual table is used by every dealer in the country and they're not supposed to use anything but the table. There is room in the money rate and again just confirming .00146 is the base rate with max allowable markup to be .0004. I agree with Alfie looks like he split the markup with you.
We've done deals on cars in stock for more than 10% off but I would say that 10% IMO is a pretty good deal depending on the exact car ie. color, options, days in inventory etc etc.
We've done deals on cars in stock for more than 10% off but I would say that 10% IMO is a pretty good deal depending on the exact car ie. color, options, days in inventory etc etc.
#90
alfie, thanks much, i PM'd you.
trader220, you too.
fyi, i'm not having a go a dealers, so i apologize if it seems that way. i just feel my local dealer has never been as aggressive as they should be, esp in this economy.
trader220, you too.
fyi, i'm not having a go a dealers, so i apologize if it seems that way. i just feel my local dealer has never been as aggressive as they should be, esp in this economy.