Eldodroptop
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- Dec 19, 2020
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Nephew had a question on an offer from Mack Haik CDJR, they were listening a $9561 discount. He assumed it was a better discount than Mark Dodge.Got the actual numbers. I killed the estimate.
My estimate.
Your build sticker price is $57,225
Targeting 20% off sticker
Dealership discount $7445
Rebate $3000
Penfed rebate $1000
= 20% off or $11445 total discount
Truck cost $45780
Actual MSRP $57,000
Targeting 20% off sticker
Mark CDJR discount $7264
Rebate $3000
PenFed rebate $1000
= roughly 20.1% or $11,264 total discount
Truck cost $45736
My Nephew is thrilled!!
To compare with that mack haik deal
Arron at mark dodge is at
MSRP. $57000
Dealer disc. $7264
Rebate. $3000
PenFed. $1000
Cost $45736
Tax. $2858.50
Non tax fee. $304.70
Doc fee. $219 approximately
$49118 +/-out the door.
The mack haik deal is hiding something. They are quoting you the rebates and the dealership discount as one number. The number reflects the rebates available if you do not go with the 0%.
Those rebates are
-$2,500
-$1,250
-$500
Total rebates $4250
If you do 0% you lose the $1250 rebate, bringing the total rebate to $3000
Mack Haik said 0% is not combined with any rebates. They know better. The reason a dealership would say that is simple, the dealership cannot make money on the back end of a deal (at 0%) bumping the interest rate up 2% (It is legal to do so) over the “buy” rate from a bank. It’s a HUGE profit center for them.
In their favor the price does not reflect the $1000 PenFed rebate, so let’s equal out the deal and break out the “Dealership discount” into its proper components.
Mack Haik MSRP. $55810
Dealership discount $5311
Rebate. $3000
PenFed rebate. $1000
Truck cost. $46499
Tax. $2906.18
Non tax fee. $304.70
Doc fee $157.10
Out the door. $49,866.98
Compare the OTD differences.
Mark dodge is $748.98 less on a truck with a $1190 higher sticker.
Mark dodge is $1938.98 cheaper if you compare two exact trucks ordered at each dealership.
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