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What does SIV mean?


mattburrow
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Went to look at a New Ca today (Used) and while the dealer was away from his desk i poped a look at his Staff Price List. Across from the Car and Spec details was the price £36,995. Then under a folded side of the page under the header of SIV was the ammount of £33,000. All the cars on his sheet had lesser figures. Can anyone shed any light on this. I believe that this is what the car owes them. Could i be correct?

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SIV = Stand In Value.

It's what the car 'stands' the dealer at. Hence the use of the word 'stands' when talking about a car's value to the salesman. I.e. 'it stands me at £X,000' 169144-ok.gif

If the SIV is £33,000, that's what they need to get, to break even on it.

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