The Easiest Cars To Bargain For
The Easiest Cars To Bargain For
60% of new cars sold nationwide sold for below their invoice price last year, according to truecar.com, a Santa Monica, Calif.-based automotive data aggregator.
MSRP is the sticker price you see on brand new cars windows.
Invoice is what the dealers pay for a car and this is in a binder usually behind the sales managers desk.
Most dealers will sell a car at invoice especially if you buy on the last day of the month which is what I recommend.
For luxury cars there is alot of profit and dealers will sell below invoice to move inventory.
Some big suvs have $5,000 to $10,000 hold back which is money the car manufacturers will give back to a dealer if they sell a big suv like a Cadillac Escade or Yukon Denali.
So if a dealer says to you I will sell a big suv $2,000 below invoice you think your getting a great deal but what if the dealer is getting $10,000 in holdback money well the dealer will still make $8,000 profit.
The biggest car tip I can give you is when your 100% sure you want to buy a car, tell the dealer you will buy a car today if they show you the invoice and they will show it too you. Then look at the invoice for dealer holdback so you see the big picture.
To read a similar article visit
http://autos.yahoo.com/articles/autos_content_landing_pages/1496/the-easiest-cars-to-bargain-for/
Short URL: http://www.askcarexpert.com/?p=645
Posted by blogadmin
on Aug 16 2010. Filed under Car Reviews, Car Tips.
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