How to Find the Invoice Price of a New Car
Buying a new car can be an exciting experience, but it can also be overwhelming when it comes to understanding the true cost of the vehicle. One of the most important pieces of information you should have before making a purchase is the invoice price of the car. The invoice price is the amount the dealer paid the manufacturer for the car, and it can be a useful benchmark for negotiating the final selling price. Here’s a step-by-step guide on how to find the invoice price of a new car.
1. Research Online
The first step in finding the invoice price of a new car is to conduct thorough online research. Websites like Kelley Blue Book (KBB), Edmunds, and TrueCar provide detailed information about new car prices, including the invoice price. These websites typically require you to enter the make, model, and trim level of the car you are interested in to retrieve the invoice price.
2. Contact Multiple Dealerships
Once you have identified the invoice price through online research, it’s a good idea to contact multiple dealerships to verify the information. This step ensures that you are getting an accurate invoice price and allows you to compare offers from different dealers. Don’t be afraid to ask the dealership to provide the invoice price in writing to ensure you have a reliable source of information.
3. Use Invoice Pricing Tools
Several online tools and apps can help you find the invoice price of a new car. These tools often require you to provide the make, model, and trim level of the car, as well as your location, to generate a custom invoice price. Some popular tools include CarGurus, AutoTrader, and Cars.com. These tools can save you time and effort in searching for the invoice price and provide additional insights into the market value of the car.
4. Consider Incentives and Rebates
When determining the invoice price, it’s essential to consider any incentives or rebates that may be available for the new car you are interested in. Manufacturers often offer these incentives to encourage sales, and they can significantly impact the final selling price. Make sure to factor in these incentives when comparing the invoice price to the dealer’s asking price.
5. Negotiate with Confidence
Now that you have the invoice price and are aware of any incentives or rebates, you are in a better position to negotiate with the dealer. Use the invoice price as a baseline for your negotiations and be prepared to walk away if the dealer’s offer is significantly above the invoice price. Remember that the invoice price is the dealer’s cost, and there is often room for negotiation.
Conclusion
Finding the invoice price of a new car is a crucial step in the car buying process. By conducting thorough research, verifying the information with multiple dealerships, and considering incentives and rebates, you can negotiate with confidence and secure the best possible deal on your new vehicle. With this knowledge, you’ll be well on your way to making an informed purchase and enjoying your new car for years to come.
