Used Car Buyer Pay Plans

Steve Devereaux
Our dealership was thinking about hiring a Used Car Buyer/Wholesaler. Anyone know anything about pay plans for them?
Jared Hamilton
It really depends on their job role, we paid our buyer based on a matrix including how fast the cars turned that he purchased, the gross of the cars that he purchased (we were a one price store so gross was directly reflective of how well the car was purchased)and the wholesale profit/loss on the statement each month. What exactly will this persons job responsibility be?
Jacob Jackson
I agree with jared, it depends on the exact role they play your store. Our store paid the UC manager/buyer on gross, by department. Their job was to buy and wholesale inventory, do the UC ads as well as desk the deals. We're a smaller store, so we wear many hats, but this worked well.
Steve Devereaux
His responsibility would be strictly to buy used cars to retail. He wouldn't be involved in any operations at the dealership. What kind of percentage of the used car gross would be reasonable and how would you pay him based on how fast they turn? I appreciate you're guys' help. Thanks a lot.

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