good deal or not?
Ram is offering me 5% below true invoice on a new truck. How good of a deal is that? Thanks
Forum Discussion
UsualSuspect wrote:
Look on the invoice, towards the bottom if it, near the center, you will see 3 lines, the first one will start with an M, ignore it, the next line will start with "EP". The number next to it is the Employee Price, basically the price a Chrysler Employee would pay. Just below it is a 3rd line, starts with "PP". The "PP" is the Preferred Price which is the price Chrysler Suppliers and some of the larger employers get, see how close the number they want to sell it to you is. They can sell it below either, but it will cut into their factory incentives for selling it.
A domestic manufacturer's dealer cannot sell a vehicle for "Employee Price" and make a profit if they follow employee sales policy. They are obligated to give the employee all rebates both those to the customer and those to the dealer. They are made "whole" by a rebate from the manufacturer based on a percentage of the MSRP minus freight. Theoretically, they could make a meager profit selling at the supplier price. If the dealer tells you they are giving you the "Employee Price" and you are not an employee, it is a lie and they are using a rebate to do it.
