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The average commission charged to the seller depends on the value of the vehicle. Is the fair market value up to $5,000, up to $10,000, up to $25,000, up to $50,000?
Typically, under $30,000: 12% - 20%. Lower above $30,000; and Higher less than $10k
Questions: What is the condition? Mechanical and Body Condition? Will it be sold as-is or restored / repaired? Will it be detailed/cleaned and polished or not?
Will it be sold on a lot or through direct advertising, or both? Will the Seller/owner be showing the vehicle or hiring the Auto Consignment Company to process the entire sale? The more work the Consignment Company does, the higher the fee.
Some lots will only buy out the vehicle, hence the profit margin will be greater, but so is their risk. It is recommended that one find what is most suitable for your needs.
Also, consider your safety & liability.
What else can I help you with?
What is a sentence using commission?
He used a gun in the commission of the crimeThe salesman was on commissionThe officer resigned his commission
What is a Used car salesman commission standard?
20-25% of payable gross profit
Why are sales commissions a variable cost?
Sales commission is a variable cost because the amount of the account is subject to variation. Think about it: A used car salesman is paid a commission say of $500 for every car he sells for the month of October. If he sells only 2 cars, then the sales commission is $1000, If he sells a whopping 12 cars, then the sales commission is $6000!! Notice the variation in commission?? This is why it is a variable cost - because it is not a fixed cost, which you know regardless of what happens during the period.!
Which is the software used by the pepsico salesman for order booking?
The software used by the Pepsico salesman for order booking is mySAP.
Where can one purchase a new Mac?
The best place to purchase a new Mac is of course from the Apple company - either from a walk-in store or from the Internet. There may also be deals on Amazon and eBay, but these are iffy at best, especially considering insurance policies and technical support. (Incidentally, Apple Store employees are not paid on commission, so they tend not to push as hard a sale as, say, a used-car salesman might.)
Dealership selling used car as new?
There are lots of dealership in selling and buying the car as new. The dealer is usually paid on a given commission depending with the agreement reached.
What is the word used for requesting an artist to paint your potrait?
commission commission
What is comission in math?
Commission is generally used in regards to earning money or consumer arithmetic. It refers to a method of payment used widely in sales related jobs. In commission, a worker is generally paid a base amount (also called a retainer) which they get regardless of any sales made or not made. They are also paid a percentage of the value of the sales they make. e.g. John is a car sales, he is paid a retainer of $300 a week and earns a commission of 2.5% on any sales he makes. In one week if John sells one car worth $37500 how much will he earn that week? 2.5% of $37500 = $937.50 $937.50 + $300 = $1 237.50 John earnt $1 237.50 that week.
How much do commercial used truck salesman make?
42000
Where is coloquial language used in Death of a Salesman?
jus English
What are the ratings and certificates for I Dream of Jeannie - 1965 The Used Car Salesman 4-5?
I Dream of Jeannie - 1965 The Used Car Salesman 4-5 is rated/received certificates of: Argentina:Atp
How do car salesmen get paid commission?
There are many different pay "schemes" for automotive salespeople. Some are salaried (very few and usually only the TOP sellers), some are on salary PLUS commission - others are on STRAIGHT commission (i.e. - no sales=no pay). "Commission" salespeople usually get a percentage of the sales price of the vehicle - often they can gain a percentage commission if they place a loan with a certain lender - they can gain commission by selling an extended service warranty - they can gain commission by selling additional features and options. Dealerships (new and used) are either independent or part of national, regional,. or local chains. All have varying pay plans.
