The truth is that many of the web sites you find on the Internet, offering new car prices, are not the best deal you can get. You know many of the recognized brand web sites… they have relationships with the manufacturer and large dealership groups in the USA.
They have a tight, mutually beneficial relationship, like special interest groups and Congress. As a matter of fact, if you request a price quote through many of these web sites that you see advertising commercials on TV, you may as well, just request a price quote directly from the manufacturer or local dealer web site directly, because you are not going to any special pricing.
CompetingCarPrices.com forces dealerships to compete for your business. We help you easily compare offers from local dealerships. Which means, that you can negotiate from the comfort of your own computer. It prevents haggling directly with a dealer, making it simple and easy to get a great deal on your new car.
Our exclusive prices quotes provide you with the possible prices, while we protect your privacy and help you avoid the hassle. Its common sense, local dealers are all competing against each other, the price keeps getting driven down, we force them to submit their best offers.
In summary, it’s simple and free! Request a price quote on any new car and find the best possible deals, at the lowest price in your town. Plus, see the actual car dealer invoice cost!
Just remember, when comparing offers, the dealership offer with the lowest price isn’t necessarily the best deal. Choose based on which local dealer gives you the most “bang for your buck.” Dealerships make most of their profit, with additional options, financing, and aftermarket sale items.
Additional Options
Many car buyers focus on the base invoice price, but don’t realize that the most important value is the total invoice price. The total invoice price is what the dealer paid for the car, an amount you get by taking the manufacturer’s base invoice price and adding port-installed or dealer-installed options.
Not only does each trim model for a vehicle have an invoice and MSRP, but every additional, non-standard option does too. That means that to really understand what a dealer paid for a particular car, go down the window sticker, item-by-item, comparing the option pricing posted on the car to that listed on the manufacturer car invoice.
Dealership Financing
Get car loan quotes from your local bank and/or credit union, before you go into the dealership. Most car buyers who finance aren’t aware of what is going on behind the scenes, which is that car dealerships rake in more than $1 billion in extra profit each year from what is known as finance reserve — its important to note that it is completely legal.
Finance reserve is a kickback paid by finance companies to auto dealerships for bringing in new customers. Dealer reserve is provided as interest points (i.e. usually 2 to 4 interest points added to the interest rate). It can add up to 1000s to the overall car price, increasing the monthly payments by $30, $50 or even more.
How does it work? The dealership has a relationship with the auto finance company, which offers to finance someone’s new car purchase for 8%, but the dealership doesn’t offer this rate to the car buyer. Instead, they offer a marked up interest rate for say, 12%. The dealership makes a commission on the difference.
With that said, it’s important to realize that sometimes, even with this marked up interest rate, this may be a better rate, than what you could get on your own. In that case, what do you have to complain about? This is why its important to shop around for your auto loan deal, before you go into the dealership, to make sure you get the best possible monthly payment.
Aftermarket Sale Products
The aftermarket products dealerships will likely try to sell you dealer-installed security lot keys, kill switches, and anti-theft systems, window etching, GAP insurance, environmental protection package (EPP) or presentation package, extended warranties, and we can go on and on. Certainly, some appear to be worthwhile products. But in most cases, you can buy them for less outside the dealership and save money on your car. If you like the convenience of having the dealer install certain aftermarket products… that’s just fine.