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Thread ID: 45948	2004-06-08 05:15:00	[OT] Fair Trading Act	Lohsing (219)	Press F1

Post ID	Timestamp	Content	User
242795	2004-06-08 07:33:00	>>No Harvey Norman doesn't own or do their own finance . They use AGC as their main finance compnay with Pacific Retail Finance as a back up for the people that do not qualify . The only Appliance retailer that has their own finance is Farmers . The revenue from interest for the retailer is minimal and they much prefer to do Cash sales . Bullocks,even i have been invited by the finance companies to supply all the capital and they will do the paperwork . And if i purchased 100 grands worth of gear for cash,then onsold them while collecting the 20 percent interest i would be a pretty happy guy . Every move Harvey Norman make is for profit,i wouldn't under-estimate the sort of deals they put together in the background . as to this >>The revenue from interest for the retailer is minimal and they much prefer to do Cash sales . a sale is a sale,why would the retailer care?,if it goes through finace you get the cash the next day . Some brokers even give the set-up fee back to the retailer as a kick back . A sale is a sale .	metla (154)
242796	2004-06-08 07:36:00	And i wouldn't ever buy anything off Harvey Norman,their gear isn't well priced and their added value schemes are rorts.	metla (154)
242797	2004-06-08 08:05:00	I used to work for Harvey Norman from the day they opened in Manukau. They do NOT collect any of the interest from Hire Purchase. On Interest bearing finance terms the store may get a small payment from the finance company. Please note the word SMALL. Our store last year made a total of $700 odd dollars in finance rebates, we put about 3 million $$ through finance but due to the amount of interest free deals offered we considered ourselves lucky to get that much. Yes stores are ONLY there to make money, hell whats the point of having a shop if it doesn't make money?? but finance is one of the services a lot of shops have to offer to compete. If you do not give similair offers then the customers will go to the store that offers the best deal. It takes aprox a week to get the money through from the finance. In general a sale is a sale but in saying that I have walked away from sales that would have either cost the store too much in fees or from special requests that would have ended up with a profit margin that was not worth the effort or time. A sale is a sale but its got to be worth selling too.	dipstick01 (445)
242798	2004-06-08 11:16:00	so your not longer emplyed by Harvey Norman?,yet you claim to have knowledge of information that shouldn't get anyware near a salesman's ears? Righto. They will have a reason to be enticing people to use credit. That is all.	metla (154)
242799	2004-06-08 11:30:00	lol metla Nope no longer with HN but still catch up with mates from then at the local store here. I now work for one of their opposition....the local retravision store. Retail is very similiar nationwide within the various sectors and most of the generalised statements I have made have been from recent experience. We entice people to use credit so they will come into the shop and purchase. It is then up to us as a salesperson to try and shift their desire to a shorter period of interest free or use another way of paying. We will still accept sales with hire purchase as it is always money in the bin but we can make more money from other methods of payment. Any salesman will pick up the way a store operates over time. We are lucky in the way our boss explains things to us. It makes our job a lot easier when we understand why things happen certain ways and we can then do our best to make a fair profit for the boss......hell if the company makes money then it is more likely our salaries will increase also. And no I am NOT on any form of commission either, we are salary only.	dipstick01 (445)
242800	2004-06-08 11:44:00	So how is it the store makes more money from a cash sale then from finance. I know when I make a sale I get the exact same cut no matter how they pay, or are you simply saying you can close the deal faster if its cash and take a break, lol, I mean hit up another sucker, lol, I mean take care of another customer's needs. Kidding aside, Retravision is the one and only appliance store I don't view negatively.	metla (154)
242801	2004-06-08 11:45:00	> And i wouldn't ever buy anything off Harvey > Norman,their gear isn't well priced and their added > value schemes are rorts. Thats a WILD generalisation Metla	Baldy (26)
242802	2004-06-08 11:52:00	> > Yes stores are ONLY there to make money, hell whats > the point of having a shop if it doesn't make money?? > but finance is one of the services a lot of shops > have to offer to compete . If you do not give similair > offers then the customers will go to the store that > offers the best deal . > I totally agree Dippy . . . . . . . . . Even this (http://www . computermedic . co . nz) company is set up to make a profit and sell stuff on finance . Eh Metla? Baldy;-)	Baldy (26)
242803	2004-06-08 11:58:00	Oh i dont think so,every single item i have seen in a Harvey norman(granted i only looked at the items that interested me) are available at a btter price elsewhere,for example the bedroom suite we purchased was the exact same price but missing 1 piece,looks good on paper untill you get around their tricks. Plus the service is crap and dim. There entire range of DV cams are available down the road for $100 bucks less for every item,same for the stereo's. The computers are junk. And they have add-on crap like insurence that don't make any sence whats-so-ever but sure sound slick coming from the salesperson. Ill stick to Dimoks Retravision Wanganui,unless it was a computer,in which case i would go to a computer store,and no pooints for guessing which one.	metla (154)
242804	2004-06-08 11:59:00	> The only Appliance retailer that has their own > finance is Farmers. The revenue from interest for the > retailer is minimal and they much prefer to do Cash > sales. Really? Bond & Bond Noel Leeming Big Byte Pacific Retail Finance All run by Pacific Retail Group?????	-=JM=- (16)
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