The MSRP is $38,300 so the dealer said he'd offer me the car $500 over invoice for $31500. For some reason,I have the feeling he's charging too much because he knows he has the car I want. Thank you for your help!
2007-07-26 07:51:18 · 8 answers · asked by Bebe 2 in Cars & Transportation ➔ Buying & Selling
It's a 2007 Jeep Grand Cherokee Limited. Right now it's up to the spouse to decide if he wants a V8 or a Hemi. I really like the car and this is the one I want. I used to work at a dealership in college and they charged $100-$300 over invoice,even $89 for the previous year model. I know the salesman works on comission. That's WHY I was asking if $500 is a bit much. Geez Men !!!:)
2007-07-26 08:14:44 · update #1
500 over invoice is a great deal. what kind of a car is it? we sell cars between 500 and 1000 over invoice never much less, if you nickle and dime the guy you might save an additional 100.00 or so but that's about it. let him have the 500.00 over and he will take much better care of you down the road. also if you keep haggling you will become a "bad customer" to that dealer, meaning they will see you coming and not help with minor issues. the small profit out ways the lasting service you will receive down the road.
i have to write this...... catzme and jpstoris are telling you to beat up the dealer, whatever you do, don't listen to them. they have no credibility, they might as well say buy from Edmund's.com which by the way doesn't give you the real invoices on cars, they forget to add for the delivery charge the manufacturer charges the dealers and other fees that are in-cured when you have a dealership. like over head and insurance etc.
go get you new car and be happy!
listen to people with experience
a new jeep you will probably be able to get it for a little less but like i said before are you really going to hagle more for 100 or so and then not get the service down the raod that will more than make up for that amount?
i leave that up to you, but the bottom line is...500 over isnt a bad deal. and thats about what thery are getting. let them make a small profit now and you will profit later.
again , good luck.. and if possible let me know how you make out.
2007-07-26 08:04:12 · answer #1 · answered by MARIO R 3 · 1⤊ 2⤋
It all depends on the year and the model of the car. Plus, do you have a trade-in? He may be giving you the car cheaper, but on the other hand, he may not be giving you what the trade is worth.
If he won't go lower, then tell him you are going to shop around and see if you can get a better deal. Then walk away. He has your number and he can call you if he wants to sell the car that bad. It is getting near the end of the month, too. And the new models are coming out. If it is an 07 then you should be able to get it less than invoice.
good luck.
2007-07-26 08:05:13 · answer #2 · answered by Fordman 7 · 0⤊ 1⤋
Nao Betinha,
Esta muito bom custa. That is a good price. What kind of car are you looking at now? Some cars that are in limited supply sell for over sticker price , however most can be purchased for under sticker. Often the dealer will not show you the real invoice cost, but $7000 under list sounds like a good deal. Be careful if you finance through them. That is where they often screw people. It is best to have your loan set up elsewhere so you can offer a price and not worry about add on costs hidden in the loan.
Love Randy
2007-07-26 08:20:42 · answer #3 · answered by Sortudo 1 · 0⤊ 1⤋
There are normally 3 prices on cars:
1. The price it costs a car company to make a car.
2. The price a dealer pays the car company for the car.
3. The price the dealer sells the car for (MSRP).
The MSRP (manufacturer's suggested retail price) is exactly that. A suggestion from the car maker to the dealer as to what the car could potentially sell for. It is also known as the sticker price. This is affected by supply, demand and popularity of the car.
If you pay $500 over what they pay for the car, you are getting a great deal. Ask that they show you the actual invoice showing what they paid for to make sure that you are paying the right amount.
Do not fall for any of the extra add-ons that they offer. Rust proofing has been proven to be ineffective. You can scotch guard the seats yourself (if they are cloth) for about $20 dollars, and you'd be better off paying for an annual detailing for your car than to purchase their paint protection.
It is a great deal if you are paying $500 above their invoice!
2007-07-26 08:05:51 · answer #4 · answered by makawao_kane 6 · 0⤊ 3⤋
Never pay invoice for a car. You could probably get it for 10% less if you used the same tactic on him. Tell him it's too much and you are going to go somewhere else and find a reasonably priced car. See what he does then. The more a salesman sells a car for, the more commission he makes. Go from there.
2007-07-26 07:59:28 · answer #5 · answered by Anonymous · 2⤊ 4⤋
500 over invoice is lower than i would sell ANY car.
i bet its one they really need to move, is it last years model?
invoice = cost(what they pay)
your local grocery store gets at least a 40% margin of profit.
1.6% is the margin they have on that car...
look at it this way, you are getting a $7,000 discount... are you honestly still bitchin?
thats like 20% off... a buddy of mine just payed 10,000 over msrp for a GT500.
2007-07-26 07:59:03 · answer #6 · answered by Anonymous · 2⤊ 2⤋
I have asked to see the invoice and also checked out the cars value on bluebook's web site. Remember that salespeople work on commission.
2007-07-26 08:02:00 · answer #7 · answered by Mes 2 · 0⤊ 3⤋
It depends on supply and demand of that car. If there are more people wanting to buy that car than there cars they he can charge over sticker. If not then you usually can get under sticker price. Shop around and tell them you are going to shop around. Before you buy I would go to the following website its been a great help to me when I buy or sell a car.
www.autoscoop.com
Hope that helps.
2007-07-26 08:00:28 · answer #8 · answered by jpistorius380@sbcglobal.net 3 · 0⤊ 4⤋
i sold cars in the early 90's, if i had a customer bitching about 500 over, i'll throw her/him out. now don't get mad at me, i am just stating facts. back then we call you shoppers like you "patel", you spend hours in the dealership just to save one hundred dollars more..arrrgghhh.
buy the car, drive it home, forget about the extra 2 hundred you will save on a spread of 4-5 years. ENJOY!
2007-07-26 08:00:30 · answer #9 · answered by gr 5 · 3⤊ 5⤋