What they sell the vehicle for doesn’t impact the holdback. When they sell it does. Assuming these are broncos and they sell as soon as they arrive, holdback would be the same.
Going back to my previous example, let's say Dealer 1 then offers you 3.5% financing when the bank has actually offered 2.9%. You as the customer never see it. Guess where the 6/10ths of a point goes.
If the invoice on the truck is $50K, then 3% is $1,500. If Dealer 1 will sell it to you at invoice less $1K they are making $500. If they sell 10 using that formula, they make $5K. Imagine dealer 2 sells at invoice plus $1K, but they only sell 5 units using that formula. They also make $5K...
@calgecko Yeah, I am July 30th and I am not positive that 2022 will happen. Dealer has no more info than we do. I feel like there is not a ton of transparency on this from Ford. Good thing it's a want and not a need.
In my 40s now and have had a manual in every car that I've had since I was 16. Got an AMG Mercedes and sold it in 14 months to go back to a manual Mustang GT. I hate driving automatics. Don't know what to do with my left foot. Feel a total lack of engagement. Can't stand having to put the...
So, if I have $55K of dedicated cash in the bank should I:
1. Pay cash for the Bronco
2. Invest the $55K and finance the Bronco (any interest rate lower than my expected return on investment)
3. Buy a different car because I should really have $300K of dedicated cash to buy a Bronco
4. Not take...