Nicholasresch
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- #16
I definitely appreciate all the replies and the picture of the car is gorgeous. I will probably end up ordering it unless the dealer can make a deal that is just too good to pass up!
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I 100% disagree. I'd say its even easier to negotiate when you're ordering.I think when you order its hard to negotiate price comparing to grabbing something on the lot.
With that being said, Mustangs are so popular, there is alway something on the lot that meet your requirement.
But remember that the dealership is typically eating interest on a bank loan that is keeping inventory on the lot. It appears somewhere around $5 to $10 per day per car.I 100% disagree. I'd say its even easier to negotiate when you're ordering.
When you're buying a car off the lot, they have some power over you since they have a car you might not be able to find at any other dealer reasonably close.
When you're ordering, your local dealership is an easily replaceable cog in a the wheel and you hold all the marbles. You can go to ANY dealer in the country to order, and they know that. They make money if they help you, someone else surely does if they don't.
Those fade stripes look ok, but I think I like solid black on the magnetic better. Solid stripes are pretty easy to apply after the fact (not worth a premium).
FWIW, 10 weeks wait will go fast. I've ordered before (Mazda: 16 week wait) and it was well worth it. This time I found a Mustang with nearly exactly what I wanted so I picked it up locally. It was on it's way to the local dealership's lot so I ended up waiting like 7 days and nearly died from anticipation. However, I kinda did want a car with Recaros, and it bothers me a little that I didn't get them![]()
The vast majority of dealers take out loans to build their inventory and are essentially "renting" the vehicles. Most manufacturer's provide this financing, known as "floorplan", and that's not all - they also reinburse dealers for this cost through a kickback known as holdback (usually 1 - 3% of the invoice price of the vehicle).
A typical dealer may pay $350 per month to finance each vehicle. If it takes two months to sell, their cost is $700 - but the holdback amount usually covers this. If a dealer sells the vehicle in less than a month, they will make a tidy profit simply on the holdback amount.
But we're just getting started. Let's assume the dealer sells a vehicle within 30 days of delivery and makes a profit of $600 on the purchase price of the vehicle. Their financing cost will be $350, but they will be reimbursed $700 for the holdback, plus they may get an additional $250 kickback in the form of a manufacturer-to-dealer incentive.
When you add the $600 profit to the holdback and other incentives, the dealer has made a total profit of $1,200 and they only had to put up $350. That's more than a 300% return on their investment in less than 30 days.