The Four-Square Sales Method
Monday, June 1st, 2009Recently I had a reader suggest that we cover the four-square selling method as a blog topic.
I am unfamiliar with this particular selling method, but did a little research to try and understand it a little better.
From my research I learned that the four-square method is a selling technique that employs a worksheet some dealers use to negotiate the sale of an RV, boat or car. This worksheet is separated into four squares, hence the name.
The four squares represent the trade-in value, purchase price of the vehicle, down payment numbers and monthly payment numbers. Sales people crunch numbers into the different squares to attempt to view the overall profit of the dealership. Some even refer to this method as “working the numbers.”
This method could be considered controversial because buyers who are unfamiliar with how the method works could perceive a deal that isn’t really there.
In researching this topic I found more articles on how to avoid getting “trapped” by this four-square method.
I would like to get a discussion rolling on the four-square selling method. Do you, or any of your sales staff, currently use this method? Have you ever experienced this sales method while purchasing a new vehicle. If you do use this method, is it effective? Is this sales method controversial or cross ethical lines? I want to hear your thoughts.
