bpm382 Posted May 10, 2011 Share Posted May 10, 2011 Does a dealer collect more money on holdback if they sell a vehicle the day it arrives on their lot, as opposed to selling it on day 89 ? I quess I am asking if holdback money diminishes the longer a vehicle sits on their lot. And what happens after 90 days? Thanks Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted May 10, 2011 Share Posted May 10, 2011 Does a dealer collect more money on holdback if they sell a vehicle the day it arrives on their lot, as opposed to selling it on day 89 ? I quess I am asking if holdback money diminishes the longer a vehicle sits on their lot. And what happens after 90 days? Thanks Nope, holdback is the same regardless of how long it has been on the lot. Quote Link to comment Share on other sites More sharing options...
akirby Posted May 10, 2011 Share Posted May 10, 2011 Nope, holdback is the same regardless of how long it has been on the lot. Correct but if they're using a floor plan to finance the vehicle then the longer it sits on the lot the more interest the dealer has to pay which cuts into the holdback profit. Quote Link to comment Share on other sites More sharing options...
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