How to Find Out Dealer Invoice Price
When purchasing a car, it is essential to have all the necessary information to make an informed decision. One crucial piece of information is the dealer invoice price, which is the amount the dealership pays the manufacturer for the vehicle. Knowing the dealer invoice price gives you an advantage during negotiations, as it can help you determine a fair price and potentially save you money. In this article, we will discuss various methods to find out the dealer invoice price and provide answers to frequently asked questions about this topic.
Methods to Find Out Dealer Invoice Price:
1. Manufacturer’s Website: Many car manufacturers provide access to their dealer invoice prices on their official websites. Look for a section called “Build and Price” or “Pricing” and enter the specific make, model, and trim of the vehicle you are interested in. The invoice price is usually listed alongside the manufacturer’s suggested retail price (MSRP).
2. Online Price Guides: Several websites compile data on dealer invoice prices and make them available to the public. These resources include Edmunds, Kelley Blue Book, and TrueCar. Simply input the make, model, and trim of the car, and these websites will provide you with the dealer invoice price.
3. Contact the Manufacturer: If the manufacturer’s website does not provide the dealer invoice price or if you prefer a more direct approach, contact the manufacturer’s customer service. They may be able to provide you with the information you need or direct you to a relevant resource.
4. Join Automotive Forums: Online automotive forums are a treasure trove of information on all things car-related. Engage with fellow car enthusiasts and ask if anyone has access to the dealer invoice price for the specific vehicle you are interested in. Members may share their insights or point you in the right direction.
5. Consult with Car Dealerships: While it is not always guaranteed, some dealerships may be willing to disclose the dealer invoice price to potential buyers. Establish a rapport with a salesperson and politely inquire about the invoice price. If they refuse to share the information, you can try other dealerships in your area.
FAQs about Finding Dealer Invoice Price:
1. What is the dealer invoice price?
The dealer invoice price is the amount the dealership pays the manufacturer for a vehicle.
2. Why is it important to know the dealer invoice price?
Knowing the dealer invoice price helps you determine a fair price during negotiations and potentially save money.
3. Is the dealer invoice price the same as the MSRP?
No, the MSRP (manufacturer’s suggested retail price) is the price the manufacturer recommends the dealership sell the vehicle for.
4. Are dealer invoice prices negotiable?
Yes, dealer invoice prices are negotiable. Dealerships often have additional incentives and discounts that can further lower the price.
5. Can I negotiate below the dealer invoice price?
While it is possible to negotiate below the dealer invoice price, it is not common. Dealerships need to make a profit, so negotiate with fairness and reason.
6. Are dealer invoice prices available for all vehicle models?
Yes, dealer invoice prices are typically available for most vehicle models from major manufacturers.
7. How often do dealer invoice prices change?
Dealer invoice prices can change periodically, usually with the start of a new model year or due to market demand and supply.
8. Is the dealer invoice price the lowest price I can pay for a car?
No, the dealer invoice price is not necessarily the lowest price you can pay. Additional negotiations, incentives, and discounts can further reduce the price.
9. Can I negotiate the dealer invoice price with the salesperson?
Yes, negotiating the dealer invoice price with the salesperson is a common practice during car purchases.
10. Does the dealer invoice price include destination charges?
Yes, the dealer invoice price usually includes destination charges, which are transportation fees from the manufacturer to the dealership.
11. Can I use the dealer invoice price for any negotiations?
Yes, the dealer invoice price provides a solid starting point for negotiations. However, other factors such as market demand and dealership incentives should also be considered.
12. Are dealer invoice prices confidential?
Dealer invoice prices are not confidential, but dealerships may be reluctant to disclose them to potential buyers. However, they are legally allowed to provide this information if asked.
In conclusion, knowing the dealer invoice price when purchasing a car can be advantageous. By utilizing various methods such as manufacturer’s websites, online price guides, contacting the manufacturer, consulting with dealerships, and engaging with automotive forums, you can access this important information. Additionally, the FAQs provide answers to common queries about dealer invoice prices, enabling you to navigate negotiations with confidence and potentially save money on your next car purchase.