I had a conversation with a local GM that mentioned the same thing to me. The ADM "benefits" don't benefit the sales person at all.
That's one way to look at it. Another is that most dealers (and this goes for many manufacturers) spend 360 days fighting with customers who are brow beating them over price and selling cars for invoice or less. "But yall make money on the rate and financial products." Many ppl are getting pre-approved at their credit union and more and more ppl listen to outsiders and stay away from purchasing products in the finance depts. RARELY do you get a car that you can sell for sticker, let alone be able to get ADM on it. So when the opportunity comes why not take advantage on it? We are a capitalist society and basic economics is supply and demand.
I wish that statement was 100% true. Cause I have a rental home Im under water in due to 2008.
much like stocks, you buy at the wrong time you can be burned. Stocks and houses are the only things I see people lining up to buying when they're the most expensive. I generally do the opposite. When the bond, student and car loans market crashes, it'll be worse than 08. Should make alot of money buying stocks on the cheap.
Yup. But on that house I didnt buy at the wrong time, I bought it years before the crash. But the crash in that area still hasnt recovered. I moved out years ago, bought another house and Ive been renting that out ever since waiting on that area to recover so I can sell it. Some areas in Atlanta are absolutely booming right now. Homes getting full asking same day they hit the market. Im hoping by next yr the southside of ATL sees a spike and off it will go!
