Quote:
Originally Posted by Pauleebe
Quote:
Originally Posted by nik14
I thought the Dealer holdback was 6%. I thought they get an extra 1% if they meet some targets, which about 90% do. Is that not the case? Is it just 5%?
Also don't forget to factor in the document fee. In NJ that is typically 450-600 with one prominent dealer group charging 699. So the dealer has moved a portion of their profit to this safe space.
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Yea, but this is also negotiable. It's not set by BMWFS. As you mentioned, it's basically just additional dealer profit.
That is alarmingly high though. Around the DC area, I see closer to 300. |
Right, so you should seek less than 10% if the dealer has marked up the doc fee
But what about the hold back - is it 5% or 5 + 1 % ?