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How much over dealer invoice do dealers usually sell new cars?

My husband is being offered 2-3% over dealer invoice through his job. Is that a good deal?

Asked By: gg - 10/4/2007
Best Answer - Chosen by Asker
Dealer Invoice is the sticker price the factory makes the dealer pay up front for their car. Most domestic manufactureres and some foreign have what is called 'holdback'. This is usually 3-4% of the invoice. Then the dealer sells the car, the factory cuts them a check for that amount. Then there are rebates and... More
Answered By: bob_ber_down - 10/4/2007
Additional Answers (4)
This is a good question. The thing to find out is what was the actual dealer cost, rather than the invoice price. Dealers imply that what the invoice says is what they paid which isn't always the case.
Answered By: Patrick - 10/4/2007
 
The best way to go about would be get the Kelly's Blue Book and check on the vehicle with all the add on's see what the cost comes upto... More
Answered By: Oracle - 10/4/2007
 
IT IS TRUE THAT THE INVOICE PRICE IS NOT WHAT THE DEALER PAYS FOR A VEHICLE, BUT YOU ARE GETTING 2 OR 3% AND THAT IS NOT BAD. CHECK TO SEE IF THE VEHICLE COMES WITH ANY REBATES AND IF SO ASK FOR THEM AS WELL. ALSO LOOK REAL CLOSE AT THE INTEREST RATE THAT THEY WILL BE CHARGING YOU.
Source(s):
Answered By: UCANTCME - 10/4/2007
 
The answer to your question is "It Depends... More
Answered By: Alexander K - 10/4/2007
 
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