Newbie here, need your expertise...
The following are the specs...
2006 325i
Alpine White/ Beige Dakota Leather
Premium Package
Steptronic
Xenon Headlights
Satellite Radio preparation
The MSRP is 36,645. Inovice is 33,995. They are willing to sale it for 35,395. That will be a dealer profit of 1,400. Anyhows, they go on to say that, and this an exact quote, "Since BMW does not have holdback ( the standard guaranteed 3% profit to the dealership), the price would come out to approximately $300 over invoice when comparing to other manufacturers." What does that mean, and am I really getting $300 over invoice?
The following are the specs...
2006 325i
Alpine White/ Beige Dakota Leather
Premium Package
Steptronic
Xenon Headlights
Satellite Radio preparation
The MSRP is 36,645. Inovice is 33,995. They are willing to sale it for 35,395. That will be a dealer profit of 1,400. Anyhows, they go on to say that, and this an exact quote, "Since BMW does not have holdback ( the standard guaranteed 3% profit to the dealership), the price would come out to approximately $300 over invoice when comparing to other manufacturers." What does that mean, and am I really getting $300 over invoice?