Pay Plans for the Sales and Administrative Staff - DealersEdge

Base:Base pay:$2,500 monthlyApproximately 35% of projected incomeCommission: 2.5% Total Variable Gross minus chargebacks up to $349,999.For $350,000 and above it is 3%.Bonus: Finance Penetration: 75%=$750; 70%=$500; 65%=$250Other Compensation:Extended Warranties: 50%=$500; 45%=$400; 40%=$300*Only the largest bonuses for each category will be paid.F&I Manager28Annual Christmas bonus of $0.50 for every new and used retail unit will be paid.$500 monthly vehicle allowance. No demos.____________________________________________________________________________________General Dealership Information:Dealer Franchise(s):ChevroletMonthly Sales Vol. (new & used): 51-100 - Negotiated Sale# of Sales People: 13# of Mechanical Technicians: 8 - Non-Union - Sales teams with alternating schedulesBenefits:Health Insurance: Yes Life Insurance: YesPrescription Plan: Yes Dental Plan: Yes Profit Sharing: No Stock Options: No Retirement Plan: Yes # Vacation Days: 5 days after one year of employment # Paid Sick Days: 0 Paid Holidays: 5 Other Benefits: N/A____________________________________________________________________________________Comments: Something doesn’t add up here. If $2500 per month is about 35% of projected income, thenprojected income is about $100,000 per year. But the commission plan will likely pay about twice that.Possible pay plan change coming soon.F&IM 9