Im a 22 yr old guy about to purchase a new car from a dealership, how can i get the lowest price possible for the car, i dont wanna get ripped off.Is the invoice price for the car, what the dealership paid for it?Explain to me how to get the lowest price for a new car, explain how to nagotiate, the right way. Thank you.
2007-05-27 19:19:23 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
it is almost impossible not to get a good deal on a new car, i have been selling used cars for 15 years, our new car salespeople are starving, they sell all thier cars at invoice or just a bit over. what i would recommend is that you deal with a dealership which will let you see the invoice, and i doubt that they are going to manufacture one just for you. the industry doesnt allow that anymore. when you see the invoice, tell them you will split the holdback with them, if they say no and go only at invoice, buy it, you will not be getting ripped off. and better yet, you will have the peace of mind knowing that the salesman probably gets a whopping $50 for the few hours he spent with you.
2007-05-28 03:41:58 · answer #1 · answered by F M 1 · 0⤊ 0⤋
The invoice price is what the dealership paid for the vehicle. The M.S.R.P is what the customer is expected to pay. Depending on the vehicle you may be able to get $500 above invoice.
Before going into the dealership, do your research. Check out www.edmunds.com, dealerships hate this website because it gives the invoice prices, but it is great for you the consumer.
Be a pain in the but, seriously. They will just want to get you out of there and will give you what you want. You need to be persistent and you should NEVER buy on your first time going into the dealership. Take the card and tell them you will think about it. Then come back a day or two later.
Good luck!
2007-05-27 19:25:38 · answer #2 · answered by burberribunni 5 · 0⤊ 0⤋
Use the internet to research the vehicle you want and you should have a good idea of what you'll actually pay before you even step foot into a dealership.
Whichever car make you're looking at, go their web site (toyota.com, ford.com, etc) and look for a link something to the effect of "request a local dealer quote". Almost every dealer now has an internet department that specializes is cutting deals with people who don't want to come in and grind out a price through traditional haggling. Last time I was car shopping I was able to get quotes from 3 local Mazda dealerships that were all well below sticker price.
You can also utilize sites like http://carsdirect.com (will give you a quote up front), and http://edmunds.com (look up their TMV "True Market Value" calculator) to give you an idea of how much people are currently paying for the car.
2007-05-27 20:12:19 · answer #3 · answered by nevergonnaletyoudown 4 · 0⤊ 0⤋
Go to the library and look up in Consumer Reports magazine for the model and year of car you are interested in. They will give you the costs and also tell you how to figure the extras for additional packages included with some vehicles and what to watch for with maintenance. It really pays to read up on this as a car is a big investment and one you can not deduct the interest on. If you want to get your moneys worth with any new car you want it to last you at least 10 years, so do your homework.
I have yet to meet a car salesman who wasn't looking out for number one, so be careful.
2007-05-27 19:27:42 · answer #4 · answered by JAN 7 · 0⤊ 0⤋
I wasn't aware there where honest car sales people. They have to be devious to make a buck.
2007-05-27 19:24:29 · answer #5 · answered by rougerocker 3 · 0⤊ 1⤋
Not one of those in my area.
2007-05-27 20:36:27 · answer #6 · answered by joystoy33 3 · 0⤊ 0⤋
i have never met a honest car salesman before...lol
2007-05-27 19:31:15 · answer #7 · answered by kenn 5 · 0⤊ 1⤋