500
in 2008 our National Sales Meeting was Standing Strong. Our training that year was on Impacting Dealer Profits. What would be the dealer profit on the example below?
The amount financed is $10,000. The dealership owns the unit for $9000. There is a $2000 down payment, a $950 fee for TT&L and the Drive fee is $1,500. What is the dealer profit?
What is $550.00
$10,000 (Amount Financed)
+
$2000 (Down Payment)
=
$12,000
Lender fees Drive $1500
TT&L doc, & misc fees TTL is $950
Dealer's cost (inc pack) Dealer cost + pack is $9000