Front End Profit Process Flashcards
1
Q
- Invoice Price
A
The amount the dealership pays to the manufacturer for the vehicle
2
Q
- MSRP (Manufacturers Suggested Retail Price)
A
The suggested selling price of the vehicle as recommended by the manufacturer
3
Q
- Negotiated Selling Price
A
The final price at which the vehicle is sold to the customer, often negotiated between the salesperson and the buyer.
4
Q
- Dealer Add-On’s and Accessories
A
Additional features, accessories, or service that the dealership may offer contributing to the increased profitability
5
Q
- Manufacturer to Dealer Incentives
A
Special promotions or discounts provided by the manufacturer to the dealership, which can impact the overall profit margin.
6
Q
- Extended Warranties and Protection Plans
A
Additional products or services sold by F&I department that contribute to the front end profit
7
Q
7 Documentation Fees
A
Administrative fees charged by the dealership for processing paperwork related to the sale
