Lowest new Car Prices

Ah, the excitement of a brand new car! Driving to every friend’s house you ever had to show it off. Spit shining it ever chance you get.

The only bad part about the deal is, well… the deal.

Fortunately, there’s a way get a great price on a new car and this insider info will save you both time and money.

How many hours have you wasted talking about a new car deal, only to find out that the dealer had other contract clauses in mind that exploded the cost? I have wasted entire days in the car buying process.

What does "factory invoice price" really mean? The price that you see on the car is the ‘manufacturer’s suggested retail price’. You don’t want to pay this over-inflated price. Supposedly, the "factory invoice price" is what the dealer paid the manufacturer for the car. The dealer will have an invoice with this price on it.

When you hear a dealer say that he’ll sell to you ‘below invoice’, you wonder how on earth he could make any money. You may think that you’re getting the bargain of the century.

Well, not so fast. See, the factory invoice price probably isn’t what the dealer had to pay for the car.

Dealers get all sorts of incentives on top of this base price. Carryover allowances and other special discounts added in make the actual cost of the vehicle less than the price on the invoice. This can add up to the tune of $500-$2000 dollars.

So you could buy a car at $100 below the factory invoice and still be fattening the salesman’s wallet more than enough.

Ask if the car manufacturer offers a factory-to-customer rebate. You have to get this straight from the manufacturer, but every little bit helps!

The more you know about factory-to-dealer incentive payments, "holdbacks," and other allowances the dealer will receive, the better off you’ll be. Do your research so you’ll know the best prices cars like yours have recently been selling for.

Now, you don’t want to get a great price on a car, and then lose out by paying too much for financing, for an extended service contract, and for unnecessary add-ons.

Also, check to see what the market value is of your current car if you’re considering a trade in. Don’t talk about a trade in until you have agreed on a price.

Before going car shopping, check the annual percentage rate currently offered by banks in your area. Sometimes credit unions offer good rates.

Many new cars are very reliable and often carry long manufacturer warranties. An extended service contract may be a waste of your money. If you do want one, make sure you check over it with a fine-toothed comb to see what it covers and what it doesn’t. Nothing like being surprised by a repair bill.

If your car already has rust-proofing, paint sealant, or fabric protection, make sure you don’t end up paying more than $50 for it. Any more than that will be pure profit and mark up.

A good deal on your new car can be negated if you get a lousy price on your trade-in. Go ahead and take your car to a few dealerships beforehand and ask what they’d pay you for it straight out. Explain that you’re selling your car and getting offers from different dealers.

If the dealership where you’re buying offers you a ridiculously lower price, you may as well sell your car outright to one of the dealers you checked with.

You do want to get the true wholesale value for your trade-in. A dealer who offers some extraordinary trade-in allowance is likely making it up on the new car price.

It takes a little extra time to ensure a great deal on your new car, but your savings can be substantial. You just might find the whole process fun!

About The Author

John Sanderson

This article provided courtesy of http://www.mustang-monster.com

Technorati Tags: car dealer denver

How Do I Get The Best Deal On A New Car?

Our main page answers, "How do I get the best deal on a new car?" 

The global automotive industry is in a tailspin, with a double digit sales drop being felt in the United States, select European markets and elsewhere.

Some analysts are predicting that depressed sales will continue through 2009 with only a modest recovery happening by late 2010.

Of course, the flip side of the news is that consumers are still buying new cars. This means that as automakers work frantically to reduce production and cut back on capacity, some excellent deals await the savvy shopper.

Are you planning to buy a new car this year? If so, let’s take a look at some things to consider before you buy:

Research Thoroughly - Thanks to the internet, everything and anything you want to learn about new models is available online. You can compare similar models, read reviews, learn fuel mileage estimates, check out consumer ratings, simulate outfitting your car, arrange a test drive, obtain price quotes and more. Truly, before you set foot in the dealership you can have all of the information you need to ensure that you get the right car at the right price.

Not the Sticker Price - As recently as 2007, most consumers paid at or just below the sticker price for their new cars. No more. Today, a sticker price is simply a guide, but you can pay closer to what the dealer paid for the car when you uncover that information while researching your particular car. These days, most new cars can be had for just a few hundred dollars above dealer invoice, even for lower amounts when manufacturer incentives are included.

Cash or Credit? — If you are paying cash for a new vehicle, then good for you! You have much more leverage than the person who is relying upon credit, a negotiating position that few consumers have. However, even if you are needing to finance your purchase, you can still come away with a great find. Before you get started, obtain a copy of your credit report and credit score to ensure that there are no mistakes on your report and that your score is high enough to get low interest rate financing. In many cases you’d do better obtaining your own financing and taking the cash rebate, but in some cases you can find both through your dealer.

Warranties and Guarantees - How long is your car warranted for and what does that warranty cover? Standard powertrain warranties of 5 years or 60,000 miles may be enough for you but what if you plan on keeping your car for the long haul? Consider an extended warranty purchased through your dealer to cover those parts not covered in the warranty beyond the customary warranty period.

Extra, Extra - Certain popular or high end models won’t necessarily be discounted, but that doesn’t mean you will have to leave the showroom without a deal. Why not ask the dealership to include oil changes with your purchase or some sort of concierge service? Maybe having access to a loaner car while your vehicle is being maintained is all that you need; even the most basic car manufacturers typically offer this service these days.

Finally, when ready to negotiate, be prepared to walk out of a showroom if the deal doesn’t meet your needs. In a given metropolitan area, several dealerships selling the same brand cars can offer different incentives; shop around to find the best deal that is right for you.

Author: Matthew Keegan

Matthew C. Keegan is a freelance writer who resides in North Carolina. Matt is a contributing writer for Andy’s Auto Sport an aftermarket supplier of quality parts including Chevrolet Corvette short shifters and Ford Bronco vertical doors.

Article Source: http://EzineArticles.com/?expert=Matthew_Keegan

Technorati Tags: car dealer denver, car dealer in winnipeg, nv, rajun cajun car dealer in reno