How To Make Big Savings When Buying A New Car
For a car dealership to make profits, they aim to generate the most profits as possible on every sale. On the other hand, you should know that there are some factors that influences the dealer’s pricing and may result to unbeatable discount prices for buyers of new car. Try to do research on how you could make the most of unadvertised deals similar to dealership overstock clearance sales, below invoice sale price, factory to dealer incentives and so forth.
Invoice price vs. MSRP — the MSRP or the Manufacturer Suggested Retail Price is just a suggestion of the car’s price. The invoice price on the other hand is what the auto dealerships are paying the manufacturer for the brand new car. When looking for new car, you must aim paying less than the MSRP. Of course, the closer you pay to invoice price, the better your deal is going to be. You can make the most of your savings by being able to pay below the car’s invoice price. You can also go to ntbcoupon.com to get the discount.
Factory dealer incentives — in order to entice the car dealers to sell a specific model, car manufacturers typically offer factory to dealer incentives. Factory to dealer incentives allows the dealers to pay less than the car’s invoice price. Dealers are not obligated to pass these discounts or advertise it to consumers. Some actually keep this in an effort to increase their sales while there are some who are willing to pass this to customers.
You better start practicing your negotiation skills if you want to make the most of the factory to dealer incentives. Making the dealers compete for you will persuade them to give you a lower price as the dealer incentives are offered to all car dealerships no matter what the region is.
Dealership overstock clearance — dealers have to pay in order to keep cars in stock. Say for example that a specific model is overstock, then they have to pay more, which means that they’ll get less on sales. Most of the time, overstocked dealers are willing to sell new cars at or even below dealer’s cost just to make room for higher end or more sought cars.
Say for example that a car model sits for quite a while at their lot, it increases the chance that the dealer will drop their price for that. Buying for the outgoing models or at the year end is basically the best time of the year to make the most from these deals.
Follow these tips when buying a new car and rest assure that you’ll make the biggest savings for your hard earned money. If you are eager to learn more, you can go to http://en.wikipedia.org/wiki/Car.
