How to Find Invoice Price of Car
When purchasing a new car, it’s always a good idea to know the invoice price. The invoice price is what the dealer actually pays the manufacturer for the car, and it can be a useful tool when negotiating the final price. Here are a few ways to find the invoice price of a car:
1. Manufacturer’s website: Many manufacturers provide a “build and price” tool on their website, which allows you to configure a car with all the desired options. At the end of the process, the invoice price is usually displayed.
2. Online research: Various websites provide information on the invoice price of different car models. Some popular sites include Edmunds, Kelley Blue Book, and TrueCar. These platforms offer comprehensive pricing information and can help you find the invoice price of a specific make and model.
3. Contact the manufacturer: If you can’t find the invoice price online, you can reach out to the manufacturer’s customer service or sales department. They should be able to provide you with the information you need.
4. Ask the dealer: While dealerships may not readily offer the invoice price, you can always ask for it. They may not disclose it willingly, but it’s worth a shot. Remember, the invoice price is the starting point for negotiations.
5. Join online forums: Car enthusiasts often share information and experiences on online forums. You can find dedicated forums for specific car models or general car-buying forums. Engaging with knowledgeable individuals can provide valuable insights into the invoice price.
6. Consult with professionals: Car brokers or automotive consultants can provide assistance in finding the invoice price. They have access to industry resources and can help ensure you receive a fair deal.
7. Use a mobile app: There are several mobile apps available that provide pricing information, including the invoice price. These apps often include other useful features like price alerts, negotiation tips, and reviews.
FAQs:
1. What is the difference between the invoice price and the MSRP?
The invoice price is what the dealer pays the manufacturer, while the MSRP (Manufacturer’s Suggested Retail Price) is the price suggested by the manufacturer.
2. Can I negotiate below the invoice price?
Yes, it’s possible to negotiate below the invoice price. However, keep in mind that dealerships also have additional costs to cover, such as overhead and profit margins.
3. Why is knowing the invoice price important?
Knowing the invoice price gives you a starting point for negotiation. It helps you understand the dealer’s profit margin and ensures you’re getting a fair deal.
4. Can the invoice price change?
Yes, the invoice price can change based on factors such as incentives, promotions, or changes in manufacturing costs.
5. Is the invoice price the final price I should pay?
No, the invoice price is not the final price. Additional costs such as taxes, licensing fees, and dealer fees will be added to the invoice price.
6. Should I disclose that I know the invoice price to the dealer?
It’s not necessary to disclose that you know the invoice price. Instead, use that information to negotiate a fair price without revealing your sources.
7. Can I still negotiate if the car is in high demand?
Yes, even if a car is in high demand, you can still negotiate the price. However, you may have less leverage in these situations.
In conclusion, knowing the invoice price of a car is an essential tool when purchasing a new vehicle. By utilizing the methods mentioned above, you can arm yourself with valuable information to negotiate a fair price and ensure a successful car-buying experience.
