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Registered FedEx Sender
Join Date: Jan-2004
Location: Ottawa, KS
Country: USA
Posts: 1,729
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Invoice is what the dealer pays for the car. Holdback is what the dealer gets back from the manufacturer, which can actually decline the longer the car is in inventory. Domestic car companies will sometimes sell into their holdback, and have large rebates to offer as well. Some of the imports do, too.
However, remember that the $10,000 discount you see today on a big SUV will bite you in the butt when it's time to trade it in. Honda doesn't have rebates but does have the highest resale value of any cars in their classes. In the end it's cheaper to own some cars that cost a little more in the beginning but are worth a lot more in the end.
Wait, I didn't mean to hijack this thread.. My point is that profit is not only acceptable, it is imperative if an economy is to survive, and it is morally upright.
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