Dealer invoice price is a price at which the manufacturer sells the merchandise to the dealer. The dealers of motor vehicles, equipment, and other items usually work on an incentive basis. The dealer is invoiced by the manufacturer to sell the item to a consumer at a price that is above the dealer invoice price. The amount a consumer pays which is above the dealer invoice price will be the incentive for the dealer.
Assume, a dealer is selling a boat for $18,000 and the dealer invoice price is $15,000. The customer has the knowledge of the dealer invoice price negotiates a reasonable price with the dealer and buys the boat for $16,200.
1. Using Your Personal Financial Plan Sheet 22, compare the
1. Jamie Lee is considering a used vehicle, but cannot
Newlyweds Jamie Lee and Ross have had several milestones in the past
Troy has a credit card that charges 18% on outstanding balances
Nick and Nora are married and have three children in college.
Gene and Dixie, husband and wife (ages 35 and 32
How is the market for a stock created? How do brokerage
1. What is the benefit to Jamie Lee and Ross investing
Ted Riley owns a 2012 Lexus worth $40,000.
Julie wants to open a bank account with $75. Julie
