In the fast-paced world of sales, car salesmen and real estate agents are often regarded as some of the most prominent professionals. Both industries require exceptional communication skills, persuasion techniques, and an in-depth knowledge of their products. However, when it comes to income potential, the question arises: who makes more, car salesmen or real estate agents? In this review, we will delve into the specifics of each profession in the United States, comparing their earning potential and shedding light on the factors that influence their incomes.
Car salesmen play a pivotal role in the automotive industry by connecting customers with their desired vehicles. The income of car salesmen can vary significantly, depending on factors such as location, dealership size, experience, and individual sales performance. On average, car salesmen in the United States earn a base salary of around $30,000 to $40,000 per year. However, their earnings are predominantly commission-based, meaning their incomes can significantly increase based on the number of cars they sell.
Car salesmen often receive a percentage commission on each vehicle sold, typically ranging from 20% to 25% of the profit made on the sale
Who makes more real estate or car salesman
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Do car salesmen really make a lot of money?
As of Oct 23, 2023, the average annual pay for a Car Salesman in California is $80,020 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.47 an hour. This is the equivalent of $1,538/week or $6,668/month.
What is the top income for a car salesman?
What does a great car salesman make? Top producers (of which there are very few), who are capable of selling between 25 to 50 cars a month will generally find themselves earning $150,000 to upwards of $500,000 or more annually.
What's better than selling cars?
If you're deciding whether to trade in your current car or sell, it can be a tough choice. Many buyers prefer the simplicity of trading in their current vehicle at the dealership even though they may not get as much money. Others choose to do the legwork and find an appropriate buyer and get a better price.
What is the top salary of a realtor?
While ZipRecruiter is seeing salaries as high as $149,377 and as low as $29,045, the majority of Real Estate Agent salaries currently range between $67,400 (25th percentile) to $103,700 (75th percentile) with top earners (90th percentile) making $129,667 annually in California.
The trouble is, there are innocent buyers who don't do enough of their own research who will fall for this intimidating approach. https://t.co/2tj9GqeKmB— Moving Home with Charlie (@moving_charlie) May 31, 2023
Car sales vs real estate who make more
Dec 3, 2017 — Real estate definitely has higher net profit margins per (average market value) sale. If housing is in demand in your marketplace, then you don'
Frequently Asked Questions
What do the top 1 of real estate agents make?
Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.
What is the most a car salesman makes?
Car Salesman Salary in California
|Annual Salary||Monthly Pay|
Who is the #1 car salesman in the world?
What is the refinance rate for investment property?
How are rates set for investment properties?
|Type of investment property||Typical rate increase||Interest rate for investment property (example)*|
|1 unit||0.5 - 0.75%||6.0%-6.25%|
|2-4 units||0.625 - 1%||6.375%-6.75%|
Is it a good idea to refinance a rental property?
Refinancing can give you access to lower rates if you can show that you are successfully managing the cash flow on your rental property or you have enough alternative income to offset both payments. Compare your current interest rate with offers from different lenders before you refinance.
- What is the average refinance interest rate?
The average 15-year fixed refinance APR is 7.56%, according to Bankrate's latest survey of the nation's largest refinance lenders. On Monday, October 30, 2023, the national average 30-year fixed refinance APR is 8.17%.
- What is a good cap rate for rental property?
Market analysts say an ideal cap rate is between five and 10 percent; the exact number will depend on the property type and location. In comparison, a cap rate lower than five percent denotes lesser risk but a more extended period to recover an investment.
- How long to amortize refinance costs on rental property?
The costs associated with obtaining a mortgage on rental property are amortized (spread out) over the life of the loan. For example, if it cost you $3,000 to refinance your 30-year mortgage, you'd be able to deduct $100 per year for the next 30 years.
- How long should my mortgage be for a rental property?
In investment property financing, the most common term lengths are 5 or 10 years. This differs from conventional loans that tend to have a longer 15 or 30-year term.
- How does refinancing a rental property work?
- How To Refinance A Rental Property Or An Investment Property
- Step 1: Build Equity.
- Step 2: Gather The Proper Documents.
- Step 3: Compare Refinance Rates and Apply.
- Step 4: Lock Your New, Refinanced Rate.
- Step 5: Go Through Underwriting.
- Step 6: Close On The Loan.
Who gets paid more car salesman or real estate agent
|How long is the loan for an investment property?||
Yes, you can get a 30-year loan on an investment property. 30-year mortgages are actually the most common type of loan for second homes. However, terms of 10, 15, 20, or 25 years are also available. The right loan term for your investment property will depend on your purchase price, interest rate, and monthly budget.
|How long can you amortize a rental property?||
Depreciation commences as soon as the property is placed in service or available to use as a rental. By convention, most U.S. residential rental property is typically depreciated at a rate of 3.636% each year for 27.5 years.
|Is it worth refinancing an investment property?||
The Bottom Line. Refinancing an investment property can be beneficial if you'll get a lower interest rate and/or better terms on the loan. Rates and terms can vary, so it helps to get quotes from multiple lenders.
|When should you refinance your investment property?||
Wait to refinance until all or most of your rental property is occupied. “Having vacant units could cause an issue with the lender,” says Feinman. Keep your credit clean. “Don't take on any new debt or go late on any payments while attempting to refinance,” Feinman advises.
|How does refinancing work in real estate investing?||
It's possible to refinance an investment property in a similar manner to refinancing your primary residence. When you refinance, you may be able to secure a lower interest rate or change the terms of your loan. You can also take money out of your accumulated equity using a cash-out refinance or home equity loan.
- What is the reason for refinancing?
Refinancing for a lower interest rate could not only save you money - it could also help you pay off your home loan sooner. It means your repayments might be lower every month, which means more money in your pocket.
- How do I avoid 20% down payment on investment property?
Yes, it is possible to purchase an investment property without paying a 20% down payment. By exploring alternative financing options such as seller financing or utilizing lines of credit or home equity through cash-out refinancing or HELOCs, you can reduce or eliminate the need for a large upfront payment.
- Is being a new car salesman worth it?
- This can be a good position for outgoing or people-oriented professionals looking for fast-paced work. You can earn commission. Many car sales positions offer commission bonuses on every sale, increasing your income. This can be a great opportunity for people new to sales or looking to boost their earnings.
- How much commission do most car salesmen make?
In theory, salespersons at new car dealerships work primarily on a commission basis, receiving 20-to-30 percent of net profits, with 25 percent being common.
- What car salesmen make the most?
- High Paying Car Salesman Jobs
- Used Car Sales Manager. Salary range: $84,500-$156,000 per year.
- Automotive Internet Sales Consultant. Salary range: $36,000-$140,000 per year.
- Used Car Manager.
- Car Sales Consultant.
- Pre Owned Sales Consultant.
- Auto Sales Associate.
- Automotive Sales Consultant.
- BMW Sales Consultant.
- High Paying Car Salesman Jobs