Accountability Check (chapter 2 done)
Hello all!
I am writing a book revealing the secrets of the Car business. I am from Michigan, where automotive manufacturing is a huge part of the state economy. The car business has a life of its own up here.
Some free information: after having selected the vehicle that you were buying, and going through either the financing or registration process, the markup on those products is huge.
If you’re buying an extended warranty, it is really at the discretion of the financing manager, how much he will try to charge you for it. Sometimes those have 100%, 200%, 300%+ markup.
Another item with very big markup is the paint protection. Our dealership ascribed about a $300 cost to that protection and then would charge close to $1,500 for it, that’s a 500% markup! In some dealerships charge even more than that!
This is just one example, but my aim is to make the average consumer or anyone buying a car well informed so that they feel comfortable and confident that when they do decide to make a decision that they feel they have done so in manner they feel good about.
If anyone enjoys this info and you are curious to hear more info like this, please mention in the comments.
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Andrew Belock
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Accountability Check (chapter 2 done)
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