Good pay plan?
Hi, is this a good pay plan for a Lexus dealership?
700.00 LOT CHARGE ON ALL CARS
NEW & USED: 15% of all commissionable (Front End) gross.
MINIMUM COMMISSION NEW & USED: $300
UNITS Commission 1-8 = 15%
UNITS Commission 9-11 = 20%. (retro to the 1st unit)
UNITS Commission 12-20 = 25%. (retro to the 1st unit)
UNITS Commission 21 & Up = 30%. (retro to the 1st unit)
CERAMIC PACKAGE BONUS: = $100 (Must sell at list price)
F&I BONUS: If you set up to sell anyone product on a deal = $50
FAST START BONUS: NEW AND PRE-OWNED UNITS COMBINED
7 UNITS BY THE 15TH PAYS $750*
TO QUALIFY FOR EOM UNIT BONUS:
MUST SELL 5 USED CARS**
12 UNITS (NEW & USED COMBINED) DELIVERED PAYS $1200.00 TOTAL BONUS*
15 UNITS (NEW & USED COMBINED) DELIVERED PAYS $1600.00 TOTAL BONUS*
21 UNITS (NEW & USED COMBINED) DELIVERED PAYS $2200.00 TOTAL BONUS*
25 UNITS (NEW & USED COMBINED) DELIVERED PAYS $2750.00 TOTAL BONUS*
*Fast start bonus in addition to unit bonus totals. Unit Bonus is not retroactive.
**To achieve any unit bonuses, Lexus service connect for the month must be equal to or greater than 90%
SALESPERSON OF THE MONTH:
TOP UNIT PRODUCER: (Minimum 12 to qualify) $1000*
*(Must have 5 used sold, 4 new car surveys returned and CSI above district avg for month)
Thanks in advance :)