An allowance paid by the manufacturer to the dealer to allow the dealer to purchase a vehicle for less than the invoice price.
A portion of the manufacturer's suggested retail price provided to dealers by manufacturers.
An allowance, usually between 2 percent and 3 percent of manufacturer's suggested retail price, that manufacturers provide to dealers. A holdback allowance may allow the dealer to pay the manufacturer less than the invoice price. A buyer could obtain a car below invoice price and the dealer would still make a profit.
An allowance, usually between 2 and 3 percent of MSRP, which manufacturers provide dealers, frequently as a credit to the dealer's account. A holdback allowance may allow the dealer to pay the manufacturer less than the invoiced amount. Therefore, the vehicle could be sold to you at cost while permitting the dealer to receive a small profit. Holdback is also known as a pack.
Is a percentage of the total MSRP that the manufacturer holds and then gives back to the dealer, often at the end of the year or quarter.
An allowance auto manufacturers give to dealers that are worth about two to three percent of an automobile's Manufacturer's Suggested Retail Price (MSRP). This holdback allows a dealer to pay the automaker an amount less than the invoice and allows the dealer to record a profit by suggesting he paid invoice price for the auto when, in reality, the dealer paid less.
A sum of money paid to a new vehicle dealer by the manufacturer to help the dealership finance the vehicle while it is on the lot, usually calculated as a percentage of the manufacturer's suggested retail price or invoice.
An allowance auto makers give dealers that is worth about two to three percent of an auto's MSRP. A holdback allowance allows a dealer to pay the maker an amount less than the invoice. This allows the dealer to record a profit by suggesting he paid invoice price for the auto when, in fact, he has paid less.