How to Find Out Dealer Invoice Price
When you’re in the market for a new car, it’s important to have all the information you need to make an informed decision. One crucial piece of information is the dealer invoice price. This is the price that the dealer pays for the car from the manufacturer, before any additional costs or markups are added. Knowing the dealer invoice price can give you a significant advantage when negotiating the final price of the car. Here are some tips on how to find out the dealer invoice price.
1. Research online: Many websites provide tools that allow you to access the dealer invoice price for specific makes and models. These tools usually require you to enter the vehicle’s details, such as the trim level and optional features, to provide an accurate invoice price.
2. Contact the manufacturer: Some manufacturers are willing to provide the dealer invoice price if you reach out to them directly. You can contact their customer service or sales department and inquire about the invoice price for a specific car.
3. Join a car forum: Online car forums are a great resource for car enthusiasts and buyers. Members often share their experiences and knowledge, including the dealer invoice prices they obtained. Joining these forums and asking for help can give you valuable insights.
4. Hire a car-buying service: Some companies specialize in helping consumers buy cars at the best possible price. These services often have access to dealer invoice prices and can negotiate on your behalf.
5. Consult with a trusted dealer: Building a relationship with a trustworthy dealer can be beneficial. They might be willing to share the dealer invoice price with you if they believe it will lead to a sale.
1. Is the dealer invoice price the final price I should pay for the car?
No, the dealer invoice price is the starting point for negotiations. There are other factors to consider, such as the dealer’s profit margin and any additional costs.
2. Can the dealer refuse to disclose the invoice price?
Yes, dealers are not obligated to disclose the invoice price to customers. However, it’s worth asking to see if they are willing to provide the information.
3. Should I negotiate from the dealer invoice price or the MSRP?
Negotiating from the dealer invoice price is generally more advantageous as it allows you to start the negotiation from a lower base price.
4. Is the dealer invoice price the same for all dealerships?
Yes, the dealer invoice price is the same for all authorized dealerships of a particular make and model.
5. Can I use the dealer invoice price to negotiate a better deal on a used car?
The dealer invoice price is typically only applicable to new cars. Used car pricing is influenced by factors such as mileage, condition, and market demand.
6. Are there any online resources that provide dealer invoice prices for free?
Yes, some websites offer this information for free, while others may require a subscription or payment.
7. Is it legal for dealers to charge more than the dealer invoice price?
Yes, dealers are free to set the selling price as they see fit. However, knowing the dealer invoice price can give you leverage in negotiations.