foqus
Well-Known Member
- Joined
- Jul 11, 2017
- Threads
- 9
- Messages
- 122
- Reaction score
- 78
- Location
- Mascoutah, IL
- Vehicle(s)
- 1963 Volkswagen Beetle, 2018 Mustang GT
Ok so a Dealer Invoice with (10%) Holdback of, say, $40,000 means that the dealer actually paid only $36,000 for the car?Hold-back is an amount of money the manufacturer rebates back to the dealer for each unit sold. Ford, I believe is 3% of MSRP. Each manufacturer has their own program... some have no hold-back. This is how dealers advertise deals like "$500 below invoice!"....mostly a marketing gimmick.
Interesting you say your dealer is working a 0% interest deal on a '18 Mustang order....I have never seen 0% that wasn't a factory promotion. No bank is going to loan money at 0%. Manufacturers are able to do it because they are the bank...in that case.
Also, as far as the zero percent, it was something about placing the order for a 2017 (which I believe you can't special order for much longer), and then the incentive being honored for the 2018. Like I said, I am waiting until I see the actual contract to believe it. I'll post details as soon as I find out. I am miltiary serving overseas, but I don't believe that 0% is any part of a military benefit. I think that benefit is only $500 Military Appreciation or something like that.
marco
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