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How much can you negotiate off MSRP?
Posted on 12/16/20 at 3:30 pm
Posted on 12/16/20 at 3:30 pm
Vehicle is $66,000 MSRP and the first offer off the bat was $9,000 off MSRP plus $1,000 discount for Costco Membership. I haven't countered. How much lower do you think I could get them to come down? Any? I have never bought a new car before.
I've always heard that the week between Christmas and New Years is a good time to buy because they want to make sales before the end of the year. Should I make them wait and sweat it out a few weeks?
GMC Sierra AT4 6.2 Liter
I've always heard that the week between Christmas and New Years is a good time to buy because they want to make sales before the end of the year. Should I make them wait and sweat it out a few weeks?
GMC Sierra AT4 6.2 Liter
This post was edited on 12/16/20 at 3:40 pm
Posted on 12/16/20 at 3:31 pm to TigerBlood17
No way to know without knowing everything about the vehicle, and even then you still have to factor in manufacturer/dealer incentives.
Posted on 12/16/20 at 3:32 pm to TigerBlood17
quote:
Vehicle is $66,000 MSRP
Is this an in demand vehicle?
Posted on 12/16/20 at 3:32 pm to TigerBlood17
quote:
I've always heard that the week between Christmas and New Years is a good time to buy because they want to make sales before the end of the year. Should I make them wait and sweat it out a few weeks?
First few weeks in January - they're all broke and starving from Christmas.
Posted on 12/16/20 at 3:32 pm to TigerBlood17
quote:
How much can you negotiate off MSRP?
You don't negotiate from MSRP, you negotiate down from invoice.
Posted on 12/16/20 at 3:33 pm to TigerBlood17
Yeh, whatever your offer is, please make sure it ends in $350!
Posted on 12/16/20 at 3:33 pm to TigerBlood17
Make? Model? Financing? Other rebates?
Why does Costco matter in this deal?
Why does Costco matter in this deal?
Posted on 12/16/20 at 3:39 pm to TigerBlood17
The Will Cover method will help.
Posted on 12/16/20 at 3:46 pm to TigerBlood17
Do some online digging to find invoice and negotiate off that. MSRP is useless figure imo. When i bought my last truck, I was shooting for ~7% off invoice, which is what biggest volume dealers were doing at the time.
Posted on 12/16/20 at 3:47 pm to TigerBlood17
I crunched some numbers. With 84 payments of $864, that bitch can be all yours.
Posted on 12/16/20 at 3:48 pm to TigerBlood17
Different ways to skin a cat but what I do is get the lowest number they'll offer me, have them print it out with their letterhead and I go home and "think about it". After a couple days they'll call or text and by that time you should've called every competing dealership within a couple hours to see if they'll match or beat the price.
Once you find the lowest number, tell them you'll agree at that number walkout. So, if after a couple days you've gotten it down to $55k tell them you agree but not paying anything additionally for TTL.
It's worked for me on the last two I've bought. Once you've dicked them around for 2 days I'd avoid financing through the dealership though, I'd go credit union or if you're a cash guy do that. But they're bound to find a way to make their money back if you finance through them
Once you find the lowest number, tell them you'll agree at that number walkout. So, if after a couple days you've gotten it down to $55k tell them you agree but not paying anything additionally for TTL.
It's worked for me on the last two I've bought. Once you've dicked them around for 2 days I'd avoid financing through the dealership though, I'd go credit union or if you're a cash guy do that. But they're bound to find a way to make their money back if you finance through them
This post was edited on 12/16/20 at 3:49 pm
Posted on 12/16/20 at 3:50 pm to TigerBlood17
I've learned over the years that a gun always gives you the edge when you are negotiating prices.
Posted on 12/16/20 at 3:52 pm to TigerBlood17
I once bought a vehicle with a sticker price of $33,550 for $25,200 OUT THE DOOR (tax, tag, title).
That was in 2014. Still runs like a champ.
If you think $55K is a deal, then who cares?
If you want that vehicle for $50K, then shop around. Especially during these stupid lockdowns and layoffs, car dealers will deal.
That was in 2014. Still runs like a champ.
If you think $55K is a deal, then who cares?
If you want that vehicle for $50K, then shop around. Especially during these stupid lockdowns and layoffs, car dealers will deal.
Posted on 12/16/20 at 3:59 pm to TigerBlood17
First thing to understand is that $9k is rebates. They get reimbursed for that money from GMC. So you aren't getting anything off of MSRP right now.
If the MSRP is 66k, invoice might be $61k. So you should be negotiating from, at the very most, $52k.
If the MSRP is 66k, invoice might be $61k. So you should be negotiating from, at the very most, $52k.
Posted on 12/16/20 at 4:00 pm to TigerBlood17
depends on the vehicle.
we're looking at a lexus NX F Sport, which has MSRP at 45,100 or so and I've talked two dealerships down to 37,900. After TT&L it comes to around 42.7.
Now whoever can give me that last nudge to 42 or close enough, I'm going with them.
we're looking at a lexus NX F Sport, which has MSRP at 45,100 or so and I've talked two dealerships down to 37,900. After TT&L it comes to around 42.7.
Now whoever can give me that last nudge to 42 or close enough, I'm going with them.
Posted on 12/16/20 at 4:10 pm to TigerBlood17
Completely depends on the vehicle. There is a website where you can find dealer invoice prices. You have to pay for the info but it’s worth it.
And Costco is basically a no haggle platform from what I understand.
And Costco is basically a no haggle platform from what I understand.
Posted on 12/16/20 at 4:27 pm to TigerBlood17
It appears they are not offering a you a deal at all. GMC is doing employee pricing on Sierra
They are getting paid that money back from GMC, plus their holdback. I would have them show you how much is incentives and then subtract that amount from invoice, not MSRP. They make thousands selling at Invoice with holdback that is included and dealer incentives from manufacturer
![](https://i.imgur.com/qK4SjP2.png)
They are getting paid that money back from GMC, plus their holdback. I would have them show you how much is incentives and then subtract that amount from invoice, not MSRP. They make thousands selling at Invoice with holdback that is included and dealer incentives from manufacturer
Posted on 12/16/20 at 4:38 pm to TigerBlood17
costco has no bearing here because they will pay the dealer back on that insentive...
i would say that $57,000 is right for that truck....if you could get them at 53,500 and walk out you should be happy there.
i would say that $57,000 is right for that truck....if you could get them at 53,500 and walk out you should be happy there.
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