QUOTE(amscouzach57 @ Nov 15 2020, 10:38 AM)
This is true. SA gets commission from banks for each HP loan signed.
For example. The SA for the recent car I've purchased. He got a RM600 commision from the bank for a RM40k HP loan deal.
Imagine closing at least 10 sales with loan of at least RM40k, per month.
That is already at least RM6k in extra commisions right there
Yep, AFAIK it's RM600 no matter the loan amount. It's a fee the bank pays to the dealer for their help in securing the customer and some paperwork.
QUOTE(infernoaswen @ Nov 15 2020, 05:15 PM)
With the cash its easier for them to roll the money for more units, no need to wait for bank.
The dealer must be having some desperate cashflow problem to have to resort to encouraging their customer to buy cash so the dealership can afford new stock
Most dealers I know have stockyard(s) almost filled with new cars; Stock shortage usually due to slowpoke manufacturer (such as the X50 is, in this case), not because the dealer can't afford to stock them.
In my personal experience, whenever the topic of cash buy is broached, the SA always encourage me to take a loan instead. One of them told me the rebates / free gifts will be revoked if I buy cash, another plead to me to take at least a 3 yr loan. RM600 is not a small amount for them.
On a related note, if you're buying cash, pay close attention to the invoice to make sure you are not charged an extra RM600 "handling fee". Because you're buying cash and they don't get that commission from the bank, some sneaky dealers try to charge the customer that RM600 instead. Be sure to clarify every single cent they billed to you.
This post has been edited by dares: Nov 15 2020, 10:03 PM