2007-03-30 03:43:29 · 5 answers · asked by mzydorczyk 2 in Cars & Transportation ➔ Buying & Selling
I'm in the midst of car shopping.
Here's what I've done so far. Gone to Edmunds.com and look up cars you like and price them out for the options you want. They'll give you the MSRP price, dealer invoice, and the average selling price.
Then you should go to Consumerreports.org and pay $14 for the Buying price guide for that car. They'll tell you a lot of what Edmunds tells you, plus the hidden "Dealer Holdback" info. What is that? It's a rebate the dealers get from the manufacturers. So in essence, Dealer invoice is not what the dealer pays. True dealer cost = dealer invoice - holdback and any other incentives they get.
Take this info and work up a list of the True Dealer Price, then add the dealer invoice prices for options and equipment packages. That is your price to bargain up from.
I just recently thought a quote from a Chevy dealer was good when they offered me $560 over dealer invoice. Only after going to CR did I discover the dealer also gets an additional $650 holdback from the mfr. $1,200 over true dealer cost is not that great in my opinion. So it was back to the drawing board for me.
2007-03-30 12:49:56 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 1⤋
Kelly Blue Book
2007-03-30 03:47:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
hello i was a general sales manager for a car dealership 300.00 over invoice minus all rebates an incentives an ask to see the invoice
2007-03-30 03:48:26 · answer #3 · answered by ARC ANGEL MICHAEL 2 · 0⤊ 0⤋
Go to http://www.carsdirect.com/home and get a "target" price. Pay no more than that, and sometimes less.
2007-03-30 04:30:24 · answer #4 · answered by Trump 2020 7 · 0⤊ 0⤋
kbb.com get the cars info then run it and go 5000 less then that.
2007-03-30 03:46:43 · answer #5 · answered by seven7rhymes 3 · 0⤊ 0⤋