Comparing Competing New Car Prices
Always request price quotes from different car dealerships, then compare. You'll find the lowest price out there on that car you're looking for. Often you'll see offers vary from one place to another, even from one week to another depending on market conditions. You can check those offers from the comfort of your home or office, gaining the knowledge you needs to get the best deal on your new vehicle.
Identify the dealers who offer the current best car prices. Some dealers want to sell in quantity, others want to maximize local market conditions, meet their current sales quotas, clear out inventory stock, and take advantage of automaker incentives.
Offers can vary from place to place or day to day. Our advice to get free new car price quotes from multiple dealers. Cast a wide net to find as many new car price offers as possible. Compare, compare, compare -- could mean $1000 - $2500 worth in savings for you. After all, the idea is that you walk out of the dealership completely satisfied with the deal you received.
Know Exactly What the Best Car is for You
- Narrow down your search options. Determine the specific make/models that will serve your needs.
- Look up consumer reports and professional reviews of the vehicles to help narrow down your decision.
If you walk into a dealership cold, with no idea of what you want, you will become overwhelmed with all the different choices. Dealers will also have an easier time convincing you to buy something you don't need if you aren't exactly sure of the car you want.
Know Actual New Car Prices Before You Buy
- Look up pricing for the vehicles you are interested in, this includes factory invoice price and MSRP.
- Price quotes are available online for free from sites like CompetingCarPrices.com. These price quotes are the best possible deals that you get in your town.
Every day CompetingCarPrices.com compiles the best dealership offers in your area. You will receive the most current pricing offers from dealerships in your zip code. These price quotes allow you to compare each dealer so you can find who is charging the best price for the car you want.
Know the Actual Price the Dealer Paid for Your New Car
- Find out the dealer cost of the vehicles you're interested in.
- Compare dealer cost to MSRP, the closer to dealer cost you pay, the better the deal.
Dealers want you to think that the MSPR or sticker price is the lowest possible price they will offer. This is a myth! Any amount the dealer receives over 'dealer cost' is profit. Actual dealer cost is the price the dealership pays to the manufacturer for the vehicle.
Know How Dealer Holdback & Dealer Incentives can Lead to Additional Savings.
- Pay special attention to the internet only deals and incentives that are included in your free price quote.
When cars start piling up on the lots, dealerships will begin to offer special internet only incentives to try to boost sales. This is the point in time where the buyer has the most power. When you see special deals going on you can be sure the dealer is under pressure to start selling off the cars. Stay confident throughout negotiations and make sure you walk out with the deal you wanted.
Questions and Answers
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