How do you determine a good discount off the sales price of a vehicle?
3% off MSRP is a bad deal right? What about 5%? What about 10%?
Let’s say you have access to each state’s tax database. When a buyer pays sales tax on the full sales price in MD, the government immediately gets the data and from that you can determine the gross cap.
Let’s say blackbook has access to this data. Would you pay to have it?
No I would not.
A good discount is invoice less holdback. (double net)
A better price is invoice less holdback, less volume program. (triple net)
An insane price is anything behind that.
I personally don’t see the value in that but I come from and still work in the business.
If you see value in it - buy it I suppose.
This is the correct answer.
Triple net, oh how great that would be.
Depends on the market.
Lots of stores up here are cutting checks to sell vehicles.
Lots or cheap RAMs coming down the pipe in Metro Detroit
But what is the volume program discount? How much off is a hacked deal? I want to know what the absolute craziest deal someone has ever gotten out of curiosity.
Do you think black book has the volume programs info?
Most states don’t charge tax on full price, so your example is pretty useless
no but it’s one step closer to the right direction. only the IRS of each state would know.
I think you mean the state treasury - the IRS is a federal entity.
Then who would have this data? Only by seeing an example in a state which does have this data will we get the true pricing and how much dealers make. This is the industry secret that is the holy grail of each leasehackr member here.
you really want me to put “IRS”? I think you know what I mean.
@Benedetto And I think you mean the department of revenue of each state
Yes. Do that for each make and model and we can hack all the deals out there. Although I’m disappointed at how little the volume discount actually is.
I like the sound of Treasury better
i guess we gotta agree to disagree.
We’re not disagreeing about anything.
You want to see the volume numbers… I just don’t see it.
Nobody is in the wrong here.
u edited ur post. michigan is not better.
I have no clue what you’re talking about 
