How to Find Invoice Price of New Car
When purchasing a new car, it’s important to have knowledge about the invoice price. The invoice price is the amount that the dealer paid to the manufacturer for the vehicle. By knowing the invoice price, you can negotiate a fair deal and avoid overpaying. Here are some ways to find the invoice price of a new car:
1. Research Online: Many websites provide information on the invoice price of different car models. Websites like Edmunds, TrueCar, and Kelley Blue Book offer comprehensive pricing information, including the invoice price.
2. Contact the Manufacturer: Reach out to the car manufacturer directly and inquire about the invoice price for the specific model you are interested in. They may provide you with the information or direct you to a dealership.
3. Ask the Dealership: While dealerships may not readily disclose the invoice price, you can politely ask for it. Some dealerships may be willing to share this information to build trust and establish a good rapport with potential customers.
4. Join Car Forums: Online forums are a great resource for gathering information about car prices. Engage with fellow car enthusiasts who might have insights into the invoice price of specific car models.
5. Use a Car Broker: Car brokers are experts in negotiating car deals. They have access to invoice prices and can help you secure the best price for your desired vehicle.
6. Consider the Dealer’s Holdback: Car manufacturers often provide dealerships with a holdback, which is a percentage of the invoice price. This can be used as a negotiating tool, as dealerships may be willing to sell the car closer to the invoice price if they still receive the holdback.
7. Be Prepared to Bargain: Armed with the knowledge of the invoice price, negotiate with the dealership to get the best possible deal. Remember, the invoice price is the starting point for negotiation, and there may be other incentives or discounts available.
FAQs:
1. Can the invoice price be negotiated?
Yes, the invoice price is the starting point for negotiation. You can negotiate further to get a better deal.
2. Is the invoice price the final price I should pay?
No, there may be additional fees, taxes, and other charges that will be added to the invoice price.
3. Are there any online tools to find the invoice price?
Yes, websites like Edmunds, TrueCar, and Kelley Blue Book provide invoice price information.
4. Can I get the invoice price from the manufacturer?
Yes, you can contact the manufacturer directly to inquire about the invoice price.
5. What is the holdback, and how can it be useful?
The holdback is a percentage of the invoice price that the manufacturer provides to the dealership. It can be used as a negotiation tool.
6. Should I use a car broker to find the invoice price?
Car brokers have access to invoice prices and can help you negotiate a better deal.
7. How accurate are online invoice price estimates?
Online estimates are usually accurate, but they may not include specific dealer incentives or discounts. It’s always best to confirm with the dealership.
