CrackerMessiah
Fu'un-Ken Master
- Joined
- Jan 22, 2003
- Posts
- 1,526
I'm just starting to get familiar with car leases (purchased only used cars prior), and had a recent dealership experience that makes me think. In the span of less than 30 seconds - the amount of time it took me to walk away from an unduly smarmy salesman - the first quote on a monthly lease dropped 25 percent. That value just evaporated like it was disposable.
That got me wondering just how much of a quoted price is just pure profit. I have nothing against making sure associates get paid and making sure the lights are kept on, but there's a line between "Thank you for your business" and "you've been taken for a ride." And, because of the antiquated dealership model with its vestigial haggling requirement, the breakdown for costs, overhead and profit are further blurred.
So, when it comes to car leases (or new car purchases, for that matter), how much of a given quote is usually excessive profit?
That got me wondering just how much of a quoted price is just pure profit. I have nothing against making sure associates get paid and making sure the lights are kept on, but there's a line between "Thank you for your business" and "you've been taken for a ride." And, because of the antiquated dealership model with its vestigial haggling requirement, the breakdown for costs, overhead and profit are further blurred.
So, when it comes to car leases (or new car purchases, for that matter), how much of a given quote is usually excessive profit?