How to Find the Invoice Price of a New Car
When purchasing a new car, it is essential to have knowledge about its invoice price. The invoice price is the amount that the dealership pays to the manufacturer for the vehicle. Knowing this figure can help you negotiate a fair price and save money. Here are some ways to find the invoice price of a new car.
1. Research Online: Many websites provide information on car prices, including the invoice price. Websites like Edmunds, Kelley Blue Book, and TrueCar offer invoice price details for various models and trim levels.
2. Contact the Manufacturer: You can reach out to the car manufacturer directly to inquire about the invoice price of a specific model. They might provide you with the information or direct you to a dealership that can assist you.
3. Visit Dealerships: While dealerships are often reluctant to reveal the invoice price, you can visit different dealerships and try to gather information from salespeople. Some may be willing to share the details to earn your trust.
4. Join Car Forums: Online car forums are an excellent resource for gathering information. Members often share their purchasing experiences, including the invoice price they paid for their cars. Participate in these forums and ask for assistance from experienced members.
5. Hire a Car Buying Service: Some car buying services offer professional assistance in negotiating the purchase of a new car. They have access to invoice prices and can help you secure a good deal.
6. Utilize Smartphone Apps: Several smartphone apps provide information on car prices, including the invoice price. These apps can be handy when you are physically at a dealership and need quick access to this information.
7. Ask Friends and Family: Reach out to friends or family members who recently purchased a similar car. They may be willing to share the invoice price and provide guidance on negotiating a fair deal.
Frequently Asked Questions:
1. Why is knowing the invoice price important?
Knowing the invoice price helps you negotiate a better deal and ensures you are not overpaying for your new car.
2. Is the invoice price the final price I should pay?
No, the invoice price is the amount the dealership pays to the manufacturer. Additional fees and expenses will be added, such as taxes, destination charges, and dealer markups.
3. Can the invoice price vary between dealerships?
Yes, dealerships may have different agreements with the manufacturer, resulting in varying invoice prices.
4. Are there any other costs associated with purchasing a new car?
Yes, you should also consider additional expenses like registration fees, insurance, and extended warranties.
5. Is it possible to negotiate below the invoice price?
While it may be challenging, it is possible to negotiate below the invoice price by using other tactics such as incentives, rebates, or taking advantage of end-of-year sales.
6. How often do invoice prices change?
Invoice prices can change quarterly or annually, depending on the car manufacturer.
7. Can I use the invoice price to negotiate a better deal on a used car?
No, the invoice price is specific to new cars. For used cars, you can refer to the market value or the trade-in value.