- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Is Dealer Cost different than Invoice Price for New Cars?
Posted on 1/29/14 at 2:26 pm
Posted on 1/29/14 at 2:26 pm
Looking at Will Cover rules for new car buying, it mentions "dealer cost". I looked at the normal car buying sites but have come up blank on the dealer cost.
Any ideas where this information can be found?
Any ideas where this information can be found?
Posted on 1/29/14 at 2:38 pm to NBR_Exile
As a customer you'll never know what the dealer paid for that vehicle or what kind of incentives they're getting from the manufacturer. There are several sources online that may get you close, hell they'll probably show you an "invoice" at the dealership but you'll never really know.
The salesmen doesn't even know
The salesmen doesn't even know
Posted on 1/29/14 at 2:42 pm to yellowfin
That is what I heard too.
I thought I remember seeing an area on a few sites that showed what others had paid for XYZ vehicle in certain areas. That may be a help too.
I thought I remember seeing an area on a few sites that showed what others had paid for XYZ vehicle in certain areas. That may be a help too.
Posted on 1/29/14 at 3:00 pm to notiger1997
quote:
I thought I remember seeing an area on a few sites that showed what others had paid for XYZ vehicle in certain areas. That may be a help too.
That's good info too, but you have to be careful cause we all know people lie on the internet
Posted on 1/29/14 at 3:05 pm to yellowfin
Thanks for the replies.
Maybe Will Cover will see this and explain what he meant.
Maybe Will Cover will see this and explain what he meant.
Posted on 1/29/14 at 7:28 pm to NBR_Exile
Most "s" plans go off of invoice. Dealers get incentives on volume...
Posted on 1/29/14 at 7:53 pm to NBR_Exile
quote:
Looking at Will Cover rules for new car buying, it mentions "dealer cost". I looked at the normal car buying sites but have come up blank on the dealer cost. Any ideas where this information can be found?
To start I have never reviewed Will Cover's guide. Dealer cost typically refers to invoice. However the dealership usually gets it cheaper than the publicized invoice.
If you go to NADA website and look up new car prices and see invoice, it will match up with the "dealer invoice" 9 times out of 10.
If you are trading, use NADA website to get the value of the vehicle. The true value of the vehicle is the clean trade value. The dealer will hit you at rough trade value for your vehicle. Just know the clean trade is the true value and that is your bargaining chip.
This information is coming from someone who has worked indirectly with dealerships for quite some time. I do this for a living.
Posted on 1/29/14 at 9:35 pm to NBR_Exile
It's been awhile, but I heard that dealer's have a holdback of 3% from the company which makes the vehicle. If they sell the vehicle within a certain amount of time, they get the 3% back. Thus, their true cost is actually less than the invoice price.
Posted on 2/2/14 at 8:59 pm to Drop4Loss
Holdback is usually 2-3 percent less than invoice and varies with manufacturer. Edmunds.com has a helpful forum re prices. See the "Prices Paid and Buyer Experiences" forum.
Posted on 2/2/14 at 9:06 pm to Gevans17
Yes, the holdback varies, and is between 2-3%.
Popular
Back to top
Follow TigerDroppings for LSU Football News