RTW
02-01-2005, 12:36 PM
When buying a new car dealers list the MSRP and the invoice price. What do either have to do with the price one should pay for the car?
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dolfanreal69
02-01-2005, 01:08 PM
The invoice is what the dealer paid for the car in my understanding.
Father Guido Sarducci
02-01-2005, 01:16 PM
I believe MSRP is the recommended selling price or "List price" to customers.
Invoice is "list price" to dealers. Dealers get all kinds of discounts off of Invoice based on volume, customer Service Index (CSI), etc. They even get "trunk" money on the back end of deals from the manufacturer.
Invoice is "list price" to dealers. Dealers get all kinds of discounts off of Invoice based on volume, customer Service Index (CSI), etc. They even get "trunk" money on the back end of deals from the manufacturer.
RTW
02-01-2005, 01:19 PM
The invoice is what the dealer paid for the car in my understanding.
I think it's what they want the buyer to think they paid. Isn't it pretty easy to buy a car at or below invoice? If that's the price they paid then they'd be losing money.
I think it's what they want the buyer to think they paid. Isn't it pretty easy to buy a car at or below invoice? If that's the price they paid then they'd be losing money.
dolfanreal69
02-01-2005, 01:37 PM
Hers is a good article describing the Invoice vs the MSRP. Also read about the dealer hold back which is in essence thier profit off the sale.
RTW
02-01-2005, 01:43 PM
What about rebates?
Should the rebates take the price down to the MSRP or invoice price? Or should the rebates go past that?
Should the rebates take the price down to the MSRP or invoice price? Or should the rebates go past that?
dolfanreal69
02-01-2005, 01:47 PM
Rebates will be assigned to the dealer. So they should come off your final price you haggle them to. They like to fool with the numbers allot and try to get you to think you are saving more when you are not. My adivice is to get them down to the best price you can i usually say 2 grand below the sticker. Then subtract the rebate fom that. Watch out for the added stuff like your tax title and plate. Make them pay that too and not add it to the price you fianance. Warranty should be included in the price. However if they try to add more on to it ,then you have to decide if you want the extra coverage.
RTW
02-01-2005, 02:33 PM
get them down to the best price you can i usually say 2 grand below the sticker.
Then subtract the rebate fom that.
Watch out for the added stuff like your tax title and plate. Make them pay that too and not add it to the price you fianance.
You sound like a car salesman's nightmare.
This all sounds too good to be true. Have you actually done this?
For example, with a MSRP of $25,000, haggle them down to $23,000, subtract the rebate ($2,500) to a final price of $20,500, and make them pay the sales tax (9.1% in WA = $2,093)? Is this realistic?
Then subtract the rebate fom that.
Watch out for the added stuff like your tax title and plate. Make them pay that too and not add it to the price you fianance.
You sound like a car salesman's nightmare.
This all sounds too good to be true. Have you actually done this?
For example, with a MSRP of $25,000, haggle them down to $23,000, subtract the rebate ($2,500) to a final price of $20,500, and make them pay the sales tax (9.1% in WA = $2,093)? Is this realistic?
Father Guido Sarducci
02-01-2005, 03:17 PM
get them down to the best price you can i usually say 2 grand below the sticker.
Then subtract the rebate fom that.
Watch out for the added stuff like your tax title and plate. Make them pay that too and not add it to the price you fianance.
You sound like a car salesman's nightmare.
This all sounds too good to be true. Have you actually done this?
For example, with a MSRP of $25,000, haggle them down to $23,000, subtract the rebate ($2,500) to a final price of $20,500, and make them pay the sales tax (9.1% in WA = $2,093)? Is this realistic?
The best deal is usually had at the end of the month as dealers and slesman are trying to make their numbers.
Then subtract the rebate fom that.
Watch out for the added stuff like your tax title and plate. Make them pay that too and not add it to the price you fianance.
You sound like a car salesman's nightmare.
This all sounds too good to be true. Have you actually done this?
For example, with a MSRP of $25,000, haggle them down to $23,000, subtract the rebate ($2,500) to a final price of $20,500, and make them pay the sales tax (9.1% in WA = $2,093)? Is this realistic?
The best deal is usually had at the end of the month as dealers and slesman are trying to make their numbers.
GOD_is_a_FinFan
02-01-2005, 03:34 PM
The best deal is usually had at the end of the month as dealers and slesman are trying to make their numbers.
I was about to say that, those bastards get desperate around the 28th of each month if the dealer or they themselves haven't met their quota.
I was about to say that, those bastards get desperate around the 28th of each month if the dealer or they themselves haven't met their quota.
rodriguez24
02-01-2005, 05:26 PM
Actually that's no longer true. They have changed their quarterlies because people started to figure that out. It ends somewhere between the 15th & 20th.
dolfanreal69
02-01-2005, 06:18 PM
You sound like a car salesman's nightmare.
This all sounds too good to be true. Have you actually done this?
For example, with a MSRP of $25,000, haggle them down to $23,000, subtract the rebate ($2,500) to a final price of $20,500, and make them pay the sales tax (9.1% in WA = $2,093)? Is this realistic?
DFR:It is very possible. also once you know how much you want to pay say that $20,500 then you go to the bank yourself and apply for a loan. If you are in good standing there you should be able to get approved on that and have in hand the approval. Therefore eliminateing the dealership from the fianance portion of the equation. Simply put they have to decide if they will sell you the car or not for the price you want that is within reason. It is hard for them to turn you down when you have a preapproved loan in your hand.
This all sounds too good to be true. Have you actually done this?
For example, with a MSRP of $25,000, haggle them down to $23,000, subtract the rebate ($2,500) to a final price of $20,500, and make them pay the sales tax (9.1% in WA = $2,093)? Is this realistic?
DFR:It is very possible. also once you know how much you want to pay say that $20,500 then you go to the bank yourself and apply for a loan. If you are in good standing there you should be able to get approved on that and have in hand the approval. Therefore eliminateing the dealership from the fianance portion of the equation. Simply put they have to decide if they will sell you the car or not for the price you want that is within reason. It is hard for them to turn you down when you have a preapproved loan in your hand.
Big Kess
02-02-2005, 09:17 AM
Actually that's no longer true. They have changed their quarterlies because people started to figure that out. It ends somewhere between the 15th & 20th.
rodriguez24
02-02-2005, 09:20 AM
Actually that's no longer true. They have changed their quarterlies because people started to figure that out. It ends somewhere between the 15th & 20th.
Yeah , I guess it changed in my area cause I know this for a fact. Thanx for the info.
Yeah , I guess it changed in my area cause I know this for a fact. Thanx for the info.
Big Kess
02-02-2005, 09:24 AM
When buying a new car dealers list the MSRP and the invoice price. What do either have to do with the price one should pay for the car?
If you are in the market the best advice I can give you is shop around a little go to two or three dealers and use them against one another. I know when a customer does that to me they kind of hold the cards. If we want the buisness (which we always want the buisness) we have to be willing to beat our competitions price.
Also it seems like big city dealers sure do give people the run around. We are really laid back and very low pressure and that makes the whole car buying experience much better.
What are looking for RTW I'll sell you a new car :D
We sell the major domestic lines new Chevy, Buick, Pontiac, Ford, Mercury, Chrysler, Jeep, Dodge and we have a nice pre-owned inventory as well.
If you are in the market the best advice I can give you is shop around a little go to two or three dealers and use them against one another. I know when a customer does that to me they kind of hold the cards. If we want the buisness (which we always want the buisness) we have to be willing to beat our competitions price.
Also it seems like big city dealers sure do give people the run around. We are really laid back and very low pressure and that makes the whole car buying experience much better.
What are looking for RTW I'll sell you a new car :D
We sell the major domestic lines new Chevy, Buick, Pontiac, Ford, Mercury, Chrysler, Jeep, Dodge and we have a nice pre-owned inventory as well.
KYfinfan
02-05-2005, 05:44 PM
Fortunately my brother-in-law works in the business and I don't have to worry about that BS.
DeVoStation
02-08-2005, 06:07 PM
just went thru the bs...
but got a sweet white 2004 honda accord coupe...
not too bad a deal.. honda's resale is the real sale point... :arrow:
but got a sweet white 2004 honda accord coupe...
not too bad a deal.. honda's resale is the real sale point... :arrow:
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