 | |
Toyota financer told me...
Toyota Discussions related to Toyota cars and trucks (alt.autos.toyota)
 |
| | Thread Tools | Search this Thread | Display Modes |
#41
 
| |||
| |||
|
Re: Toyota financer told me... -
04-24-2007
, 07:32 PM
|
One of the Toyota financers told me that Toyota makes a majority of their money off of services rather than car sales. Is that true? Toyota doesn't make much from service because Toyota doesn't do |
DEALER makes BIG bucks from his service department. Look at how much
space is given over to service / repair vs sales.
I used to work for what used to be the largest 2-way business radio
company in the world. Their direct production costs on their most
expensive mobile radio was $117.00. They sold it for $1200.00. This
was about 1975. But where they really made a killing was on service
contracts on those radios. They would collect 10 times the sale
profit on the service contract.
Don't EVER buy a service contract on anything! They're a rip off.
Jack
---
avast! Antivirus: Outbound message clean.
Virus Database (VPS): 000735-2, 04/23/2007
Tested on: 4/24/2007 8:32:40 PM
avast! - copyright (c) 1988-2007 ALWIL Software.
http://www.avast.com
#42
| |||
| |||
|
|
On Mon, 23 Apr 2007 19:28:56 GMT, "Go Mavs" <GoMavz (AT) GoMavz (DOT) com> wrote: One of the Toyota financers told me that Toyota makes a majority of their money off of services rather than car sales. Is that true? Toyota doesn't make much from service because Toyota doesn't do service (unless they have company-owned dealerships). The Toyota DEALER makes BIG bucks from his service department. Look at how much space is given over to service / repair vs sales. I used to work for what used to be the largest 2-way business radio company in the world. Their direct production costs on their most expensive mobile radio was $117.00. They sold it for $1200.00. This was about 1975. But where they really made a killing was on service contracts on those radios. They would collect 10 times the sale profit on the service contract. |
And GM and the other car companies don't lose money on OnStar and similar
products, etiher. They make a lot of money off them, though not necessarily
enough to make a profit.
Quote:
|
Don't EVER buy a service contract on anything! They're a rip off. |
because he wife always overloads them, causing them to need repairs during
the contract.
I made on my service contract on my car, too. I didn't buy one, and there
were no repairs needed. So that money is in my bank account.
Jeff
Quote:
|
Jack --- avast! Antivirus: Outbound message clean. Virus Database (VPS): 000735-2, 04/23/2007 Tested on: 4/24/2007 8:32:40 PM avast! - copyright (c) 1988-2007 ALWIL Software. http://www.avast.com |
#43
| |||
| |||
|
|
On Mon, 23 Apr 2007 19:28:56 GMT, "Go Mavs" <GoMavz (AT) GoMavz (DOT) com> wrote: One of the Toyota financers told me that Toyota makes a majority of their money off of services rather than car sales. Is that true? Toyota doesn't make much from service because Toyota doesn't do service (unless they have company-owned dealerships). |
--
Ray O
(correct punctuation to reply)
#44
| |||
| |||
|
|
One of the Toyota financers told me that Toyota makes a majority of their money off of services rather than car sales. Is that true? |
|
« Previous Thread
|
Next Thread »
| Thread Tools | Search this Thread |
| Display Modes | |
Linear Mode
| |
Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.