Car Buying Tip #7 - Typical Car Dealership Pay Plans

I'm sure this is going to be a rather controversial articleone for the month.
for any car dealer employees that read this, so theThere are usually bonuses that car dealerships will set
feedback should be interesting.for the sales people as well. Sometimes it's a volume
The most common pay plans that I've seen start abonus, sell 15 vehicles and get a $250 bonus, or some
sales persons commissions at 25% of the front endquirky ones like a $50 "spiff" for getting a customer to
gross profit. So if the dealer buys a car for $9,500 andclimb into the trunk of a car and close the door to
does some repairs and a detail for $500, they'll owndemonstrate the glow in the dark child safety trunk
the car for $10,000. Most dealers will have a pack onrelease. Unless you are one that doesn't embarrass
top of that, a non commissionable profit paid directly toeasy, please don't do this. Trust me the whole
the dealer, which varies, but usually falls in the $500dealership will be watching.
range.Your average sales person, not working for a high end
In this scenario the sales person is starting with a basedealership, will make between $30,000 and $45,000
cost of $10,500 and let's say the sale price on theper year. Most people tend to believe cars salesmen
vehicle is set at $15,995. Assuming the customer paidmake much more, but this seems to be the average
full price, that would be a $5,495 front end gross ofrange for most sales people I've known.
which he/she would be paid 25% or $1,373.75.There are exceptions. I've known really good sales
Wow! They make that much? Not quite. Deals like thatpeople that earn over $200,000 a year. A really good
don't happen as often as some might think. With newsales person working at a higher end dealership (BMW,
cars for instance, more often than not a sales personMercedes, Lexus, etc.) can easily make $200,000 a
will be paid a mini. A mini is a flat amount paid to ayear with the top earner I've ever met making over
sales person when the commission amount is below$300,000 per year. Big money!
the set "mini." Most dealers will have a mini of $100. I'veUse this information how you see fit, just please keep
seen some higher and some a little lower, but that's thein mind most car sales people are not bad people, and
most common.certainly don't deserve to be treated that way even if
Keep in mind, the national average for car sales peopleyou've had bad experiences in the past. Remember if
is roughly six to eight vehicles sold per month. Notyou don't like who you're dealing with you can always
many sales people are getting rich in this business. Ifleave or request a new salesperson.
you feel bad for the sales person, you can always tipAs for the rest of a dealers retail staff, i.e.
them if you feel that they did a good job and weremanagement, their pay can vary widely depending on
professional.the car dealerships volume of vehicles sold.
Tipping not only helps the sales person pay their bills,Sales and/or Desk Manager - roughly $6,000 - $12,000
but can get them on your side and help to get to thea month.
bottom line quicker. Spending a few hundred dollars onCloser - makes about the same $6,000-$12,000 a
a tip while saving $1500 on the price of the vehiclemonth.
sounds like a good trade off to me. Be careful not toFinance Managers - roughly $5,000-$12,000 a month.
let the dealership know that you tipped or else youGeneral Sales Manager - roughly $10,000-$15,000 a
may never see that sales person there again!month.
Most dealerships will have some sort of incentive forGeneral Manager - roughly $15,000-$30,000 a month.
sales people to sell a bunch of cars, and usually comesFor owners, their pay can vary even more. Smaller
in the way of increased commission percentages fordealership Owners can make a few thousand dollars
a certain amount of units sold in a month. The mosta month, while owners of large dealerships can make
common I've seen, will up the percentage to 30% atup to, or more than, $1,000,000 a year in pay. As I said
ten sold units and go to 35% at thirteen to fifteen soldit can vary widely, and typically depends on the size of
units for the month. This is usually retroactive and willthe dealership. Higher volume car dealer = more
pay the higher percentage all the way back to dealmoney, lower volume car dealer = less money.