How much Nissan dealers are Paying for their 370Z

KaienZ34 · 04-14-2011, 04:56 PM

Quote:

Originally Posted by Ambidxtrous

Published Invoice prices aren't the invoice prices dealers are purchasing the cars for. Such as Edmunds, Kellyblue book, etc. These are third party sources, that base their estimates from other sources than the actual dealerships. Maybe statistics on the average selling price customers pay, plus any other stats that are highly inaccurate.

True Dealer Cost is very confidential and one can only see in the accounting books of an auto dealership. Because you would have to take into consideration many other factors such as financing leverage, how many cars sell, how many are ordered, etc.

Nobody can obtain the 'true' dealer cost..not even the sales employees.

T

Then how can you believe your info is correct?

shadoquad · 04-14-2011, 05:01 PM

omg, car dealerships are in business to MAKE MONEY?!?!?!

Holy crap! You learn something new every day, I guess.

KaienZ34 · 04-14-2011, 05:22 PM

Sales employee.

Panda

Ambidxtrous · 04-14-2011, 07:20 PM

Quote:

Originally Posted by KaienZ34

Then how can you believe your info is correct?

That's the very challenge. The whole idea here is to provide estimates and information for people on this forum to use as a tool. The more people are posting, the more trends you see in OTD and selling prices. I plan to purchase a 370z Touring with Sports Package in the LA area and will post all my information; on what selling price they agreed to, how much I financed, at what APR, terms, Tax rate, Dealership fees total.

Rabbity · 04-15-2011, 06:18 AM

Quote:

Originally Posted by 2011 Nismo#91

Yeah that deal is a little too good to believe.

Because obviously if i went through with financing it for 72months that the dealership would make close to 12k in profit? From the salesguys perspective I would count that as a win..until I paid the car off early.

NCSUPACK09 · 04-15-2011, 06:58 AM

Quote:

Originally Posted by Rabbity

Because obviously if i went through with financing it for 72months that the dealership would make close to 12k in profit? From the salesguys perspective I would count that as a win..until I paid the car off early.

I'd love to see your credit score if the dealer is making 12k in profit off of your loan.

Just playing with the numbers, but if the purchase price is 32K with 6% tax (i dont know what it is in Connecticut) and ~500 in fees, you are looking at 34.5k OTD. Put down 15k that leaves 19.5k for the loan. Add 12k in "dealer profit" and you get 31.5k. Divide that by 72 months and you get 437.5. To get to a monthly payment of 437.5 you would need to be approved for 72mo @ 17.25%.

2011 Nismo#91 · 04-15-2011, 07:18 AM

LoL, that's like my credit card rate.
Anyways the Edmund, kbb, etc. sites invoice prices are fairly accurate because they get the numbers right from dealerships employee's or other people in the business. They maybe a percent or two off but that's about it. There are other factors that can help the dealer sell under invoice price but they are small not on the order of 20% below.

Rabbity · 04-15-2011, 07:21 AM

@NCSU
When I was at the dealership I was just playing with numbers as well trying to see how low they would go and that's what it came out to. But as far as paying goes I'd essentially pay it off close to 2 months after leaving the lot.

*Edit*
If it helps the dealership that I went to was Barberino Nissan.

*Edit2*
@Nismo
One of the factors of the dealership I went to as well was that at least in CT they sell Pathfinders/Xterras/every nissan SUV/Truck under the sun and especially Versa's like it's going out of style, but as far as Z cars go they have a handful of 2009's and 2010's sitting in their auxiliary lot. I'm not saying it's fact that it dropped the price or maybe because they just want to push it so they don't end up like the other cars on the lot.

04-14-2011, 05:22 PM	#18 (permalink)
KaienZ34 A True Z Fanatic Join Date: Oct 2009 Location: LA. not L.a. Posts: 21,652 Drives: Z34 Tour/Sport Rep Power: 177	Sales employee.Panda __________________ *"These Violent Delights Have Violent Ends"* http://www.the370z.com/members/kaienz34-albums-z34.html

04-15-2011, 07:21 AM	#23 (permalink)
Rabbity Base Member Join Date: Apr 2011 Location: Connecticut Posts: 7 Drives: 98 Mitsubishi Evo V Rep Power: 14	@NCSU When I was at the dealership I was just playing with numbers as well trying to see how low they would go and that's what it came out to. But as far as paying goes I'd essentially pay it off close to 2 months after leaving the lot. Edit If it helps the dealership that I went to was Barberino Nissan. Edit2 @Nismo One of the factors of the dealership I went to as well was that at least in CT they sell Pathfinders/Xterras/every nissan SUV/Truck under the sun and especially Versa's like it's going out of style, but as far as Z cars go they have a handful of 2009's and 2010's sitting in their auxiliary lot. I'm not saying it's fact that it dropped the price or maybe because they just want to push it so they don't end up like the other cars on the lot. Last edited by Rabbity; 04-15-2011 at 07:29 AM.

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04-14-2011, 05:01 PM	#17 (permalink)
shadoquad A True Z Fanatic Join Date: Apr 2010 Location: . Posts: 42,608 Drives: . Rep Power: 3886	omg, car dealerships are in business to MAKE MONEY?!?!?! Holy crap! You learn something new every day, I guess.

04-15-2011, 07:18 AM	#22 (permalink)
2011 Nismo#91 A True Z Fanatic Join Date: Mar 2011 Location: NJ Posts: 2,383 Drives: slowly Rep Power: 37213	LoL, that's like my credit card rate. Anyways the Edmund, kbb, etc. sites invoice prices are fairly accurate because they get the numbers right from dealerships employee's or other people in the business. They maybe a percent or two off but that's about it. There are other factors that can help the dealer sell under invoice price but they are small not on the order of 20% below.