Quote:
Originally Posted by Frank_NJ
Very easy to get below invoice as you take total MSRP multiply by 5% and that is the dealer hold back. Subtract that from invoice gives true dealer cost for the car. In my case my car had MSRP of $69,920 and final price including $3k in rebate cash was $58,600.
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Invoice is 6% off MSRP and hold back is 5% of invoice? So folks that got 10% off MSRP dealer still makes 1% profit?