How Do I Find Dealer Invoice Price?
When it comes to purchasing a new car, one of the most important factors to consider is the dealer invoice price. This is the amount that the dealership pays the manufacturer for the vehicle. Knowing the dealer invoice price gives you an advantage in negotiating a fair deal and ensures that you are not overpaying for your new car. Here are a few ways to find the dealer invoice price:
1. Manufacturer’s website: Many car manufacturers provide information about the dealer invoice price on their websites. Simply visit the manufacturer’s website and look for a section that provides pricing information. Here, you can find the base price of the vehicle along with any additional options and their costs.
2. Online car pricing websites: There are several websites dedicated to providing car pricing information, including the dealer invoice price. Some popular options include Edmunds, Kelley Blue Book, and TrueCar. These websites offer a wealth of information, including the dealer invoice price, MSRP (Manufacturer’s Suggested Retail Price), and any available incentives or rebates.
3. Contact the dealership: If you are unable to find the dealer invoice price on the manufacturer’s website or pricing websites, you can reach out to the dealership directly. Ask for the dealer invoice price of the specific vehicle you are interested in. Keep in mind that dealerships may be hesitant to provide this information, as it can affect their profit margin. However, it never hurts to ask.
4. Join a car buying service: Car buying services, such as Costco Auto Program or AAA Auto Buying, often provide their members with access to discounted pricing. These services negotiate deals with dealerships on behalf of their members, which may include discounts off the dealer invoice price.
5. Hire a car broker: If you want to take the hassle out of negotiating and finding the dealer invoice price, consider hiring a car broker. These professionals are experienced in the car buying process and can handle negotiations on your behalf. They have access to dealer networks and can obtain the dealer invoice price for you.
FAQs:
1. Why is the dealer invoice price important?
The dealer invoice price allows you to determine the true cost of the vehicle and helps you negotiate a fair deal.
2. Is the dealer invoice price negotiable?
Yes, the dealer invoice price is negotiable. Dealerships often have additional incentives and rebates that can further reduce the price.
3. Can I get a better deal than the dealer invoice price?
It is possible to negotiate a price below the dealer invoice price, especially if there are additional incentives or if the dealership is eager to make a sale.
4. Will the dealer invoice price include options and accessories?
Yes, the dealer invoice price includes the base price of the vehicle as well as any additional options or accessories.
5. Can I use the dealer invoice price for used cars?
The dealer invoice price is typically used for new cars. For used cars, you can research their market value using websites like Kelley Blue Book or NADA Guides.
6. How often do dealer invoice prices change?
Dealer invoice prices can change periodically, depending on factors such as manufacturer incentives, market demand, and supply.
7. Are dealer invoice prices the same for all dealerships?
No, dealer invoice prices can vary between dealerships. Factors such as location, volume of sales, and dealer-specific incentives can affect the invoice price.
8. Will the dealer invoice price include destination and handling fees?
Yes, the dealer invoice price includes destination and handling fees, which are the costs associated with delivering the vehicle to the dealership.
9. Can the dealer invoice price be higher than the MSRP?
In rare cases, the dealer invoice price can be higher than the MSRP. This usually occurs when there is high demand for a particular vehicle and dealerships add additional fees or markups.
10. Can I negotiate below the dealer invoice price?
While it is possible to negotiate below the dealer invoice price, it is important to consider the dealership’s profit margin and any additional incentives or rebates that may be available.
11. How does knowing the dealer invoice price help with financing?
Knowing the dealer invoice price allows you to negotiate a fair deal, which can help you secure better financing terms and avoid overpaying for your vehicle.
12. Is the dealer invoice price the final price I will pay?
No, the dealer invoice price is not the final price you will pay. It serves as a starting point for negotiations, and other factors such as taxes, fees, and financing terms can affect the final price.
In conclusion, finding the dealer invoice price is crucial when purchasing a new car. It allows you to negotiate a fair deal and ensures that you are not overpaying. By utilizing manufacturer websites, online car pricing websites, contacting the dealership directly, joining a car buying service, or hiring a car broker, you can easily obtain the dealer invoice price and make an informed decision.