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Take it from us, being single minded on one vehicle limits your options. The best way to approach your new car buying experience is to research a couple different make and models that you are interested in.
Request a free price quote on any new car and finding the best possible deals, at the lowest price in your town. Plus, see the actual car dealer invoice cost!
Why Should You Consider Several New Vehicles?
One of the biggest benefits of staying flexible when buying your new car is that with different models comes different opportunities to find hidden savings. Here are some behind the scene incentives that dealers receive from they’re manufacturers, and how you should handle them when you go into the dealership.
- Dealership Holdback: Under certain circumstances, 2% to 5% of MSRP can be held by the factory and is paid back to the dealer once they sell the vehicle. This number is applicable to each individual car.
- Advertising Royalties: Car manufacturers pay dealerships anywhere from $200-$300 for use to advertise each car. If you notice charges on your bill of sale for advertising purposes request them to be removed. There’s no reason you should pay the dealer for something that they already got paid to do by someone else.
- Carry Over Allowances: If dealers stay on top of their game and are able to get the old models off the lot before the end of the year they can get as much as 5% of what they paid for the vehicles back.
- Factory to Dealer Cash: If cars are having a tough time being sold off the lot, anywhere from $300-$2000 can be reimbursed to the dealer via manufacturer to dealer cash incentives. What this means for you – if one of the cars you are interested in is stacking up on the lot and they are having a hard time selling them, this is a perfect time for you to seek out incentives that will reduce the price of the vehicle. The amount of vehicles that are on the lot and how long they are stuck there heavily influence the dealers desperation to get them moving off the lot.
Considering multiple new autos before you actually settle on buying a particular car allows you to compare vehicles features and cost. Many car buyers eventually end up buying a car different from what they set out to buy. These people also report a high level of satisfaction, with the value of their car deal after exploring all their options.
