How to Find Invoice Price of a New Car
When purchasing a new car, it is essential to have a clear understanding of its invoice price. The invoice price is the amount that the dealership paid to the manufacturer for the vehicle. Having this information can be advantageous during negotiations, as it provides a reference point for determining a fair price. Here are some steps to help you find the invoice price of a new car:
1. Research the make and model: Begin by researching the specific make and model of the car you are interested in. Look for reliable sources such as manufacturer websites, automotive magazines, and online car research platforms.
2. Visit manufacturer websites: Many manufacturers provide a “build and price” feature on their websites, which allows you to customize your desired car. This tool often provides the base price and options for the vehicle, giving you a good idea of the invoice price.
3. Check online resources: Numerous websites provide invoice price information for new cars. Some popular options include Edmunds, Kelley Blue Book, and TrueCar. These platforms offer comprehensive data on pricing, including invoice prices.
4. Contact dealerships: Reach out to various dealerships and inquire about the invoice price of the car model you are interested in. While some dealerships may be hesitant to disclose this information, others may be more transparent, especially if you express a serious interest in purchasing.
5. Consider incentives and rebates: Keep in mind that manufacturers often offer incentives and rebates to dealerships. These can significantly affect the invoice price. Research any available discounts to ensure you have a complete picture of the total cost.
6. Negotiate wisely: Armed with the invoice price, you can negotiate a fair deal with the dealership. Use this information as a starting point and aim to negotiate a price closer to the invoice price rather than the manufacturer’s suggested retail price (MSRP).
7. Be aware of additional fees: Remember that the invoice price does not include additional fees such as taxes, registration, and dealership charges. Make sure to factor in these costs when determining your final budget.
FAQs:
1. Is the invoice price the lowest price I can pay for a new car?
No, the invoice price is the amount the dealership paid to the manufacturer, but it doesn’t include the dealership’s profit. Negotiations can still lead to a lower price.
2. Can I find the invoice price for used cars?
The invoice price is typically associated with new cars. However, you can research the fair market value or wholesale price for used cars to gain a similar understanding of their pricing.
3. Are invoice prices negotiable?
While the invoice price itself is not negotiable, it serves as a reference point during negotiations. The dealership may be willing to offer discounts or incentives based on the invoice price.
4. How often do invoice prices change?
Invoice prices may change periodically due to factors such as manufacturing costs, market demand, and incentives offered by the manufacturer.
5. Can I find the invoice price for any car model?
Invoice prices are generally available for most mainstream car models. However, limited production or specialty vehicles may have less accessible pricing information.
6. Does the invoice price include optional features?
The invoice price typically includes the base price of the vehicle and any standard features. Optional features are usually listed separately, with their individual costs.
7. Can I use the invoice price for leasing negotiations?
Yes, the invoice price can be used as a starting point for lease negotiations. It helps you evaluate the lease terms and ensure you are not overpaying.
Understanding the invoice price of a new car empowers you as a buyer. It allows you to negotiate effectively, ensuring you get the best possible deal. By following these steps and utilizing available resources, you can navigate the car-buying process with confidence.
