WHat does the carsalesperson make on a car deal typically and how is that calculated?

Question:


Answers:

What does CE and LE stand for on car labels?

OK, here's the deal. I have managed at 5 different dealerships and they have all been close to the same thing with minor tweaks at each place.

With the exchange rate in favor of the U.S. in Canada, would it be worth it to buy a car there?

Typically a "mini" deal is paid $100-$150.
Commission is broke down to:
25% gross for up to 7 cars
30% gross for 8 to 11 cars (retro to 1st)
35% gross for 12+ cars (retro to 1st)

In FL, what is most cost effective gifting the car or selling for $1?

For instance, Salesperson sells a car for $20,000 and the invoice was $18,000. That would be a $2000 gross! He would then make the above percentage of that gross depending on how many cars he ended up with at the end of the month. If he ended with 7 he would have made $500, however, if he ended with 12 he would have made $700.
They are paid a "Mini" when their percentage of the gross on the vehicle sold is less than $100-$150.

Questions about buying a car?

There are also a lot of bonuses but that all depends on what the managers want to hand out that day.

Cardealership is asking to re-write the contract that I already sign, because my credit isn't great what I do?

I have personally seen up to a $12,000 gross on a deal and the salesperson made 35% on that = $4200.

---

Can i still be eligible for a car loan even my car is under reposession?

there is no typical deal, everyone is different, I was a salesman and the deals ranged from minis (100) to over a grand on big hits. They were calculated on how much was grossed on each deal ,gross profit is the difference between cost and what the vehicle was sold for

---

More Questions & Answers ...

Cheapest New Camper Van in the UK?

Is the dealer-certified tag worth the extra money when buying a used car?

Affordable Cars?

Does repossesion hurt you to get another car?

Car suggestions..?

Tips on getting the best value when trading in vehicle?

Looking to release a new car.?

Is the car price on used car affected by which of those 2 factors more : the year or the mileage ?

Does the number of keepers a car has had affect selling price as garage said 1 & the log book says 2 previous?

Where can I find books about selling cars?

This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.