Quote:
Originally Posted by moneytrain8
So, we bought the HiHy last Saturday (last day for the $1300 tax credit qualification!). We got it for $500 BELOW the invoice price. Don't ask me how that happened or if that was true. After we signed the papers I asked the biz manager "Come on... really... how much did you guys make on this car?" He gave some spiel about they "lost" $500, and they gave me that price (it was an Internet price) to build customer relationships or something... blah blah blah! haha... I was happy with the price, and happy to get her out of that Cabrio... One problem after another with that thing.
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"Dealer Invoice" is the price a dealer would pay if they were only able to sell one of these vehicles. Dealers get a volume discount from the manufacturer _and_ the discount is retroactive.
If they sold very low volume then they'd actually pay dealer invoice on each unit. Most dealers tend to pay a few percent below dealer invoice because of their volumes. Your dealer probably made a few on your car that was sold at $500 "below dealer invoice".
Regards,
Tim