Quote:
Originally Posted by Mohsinkayub05
Quote:
Originally Posted by jmciver
Sure, you could try to get them to throw in the extended warranty and/or service plan at a discounted rate (admittedly I am not a fan of those plans, but that is a different conversation  ). My best advice is to always "ask for the world" and go from there - what is the worst they will say no? I see that you are in Virginia. If you are in the DMV, like me, then there are a ton of dealerships in the area. Now, you won't get "the world" when you ask for it, but if the dealer won't at least provide a counter offer, then you should move to another dealer.
That is how I got my deal recently on my X7. I went in pretty aggressive and high, essentially haggling over $1300 on the deal for about a week. I did end up with something less than my initial offer, but the final deal still met my goal for what I was looking for. And the negotiating part, going back and forth with offers and counter offers, was actually a bit fun (but I guess I am weird like that  ).
So my advice for you would be to ask for EVERYTHING you want. Even throw in a few dealer installed accessories you may want - and go from there. You won't know unless you ask....
Oh yeah and about your trade, do some research to see how much it is worth based on how much you owe. You want to know how much it is worth at dealer auction, not retail, because that is what the dealer will use when adding your trade into the deal. And be prepared for the dealer to low ball you on your trade. But if you know the trade value (i.e. auction value) of your trade, you can use that info during your negotiations. But you should always try to negotiate the final price on a new car WITHOUT the trade included. But sometimes it can be beneficial to make the trade part of the negotiation (it was for me). But you want to know the true value of your trade so you can use the info to your advantage when you negotiate. |
I do not know much about car pricing and warranties so I will take your word for it and skip the warranty package, instead I will ask for a higher discount he emailed the "invoice" sheet which shows wholesale price at $69.225.00, I do not buy cars very often and do not consider myself a good negotiator. So would it be a good idea to go in asking for that "invoice" price, or will they just completely ignore me? |
Quote:
Originally Posted by Mohsinkayub05
Quote:
Originally Posted by jmciver
Sure, you could negotiate.
|
I do not know much about car pricing and warranties so I will take your word for it and skip the warranty package, instead I will ask for a higher discount he emailed the "invoice" sheet which shows wholesale price at $69.225.00, I do not buy cars very often and do not consider myself a good negotiator. So would it be a good idea to go in asking for that "invoice" price, or will they just completely ignore me? |
several things to unpack here. First, there are brokers that specialize in helping you get the best price. if you need help, use them.
Second, ignore all the "extras" like warranty and floor mats until the very end. Start with the price of the car and go from there.
Third, invoice price is well off from what they pay. They often get holdback, rebates, flagship money and other incentives that make the "true" wholesale price about 10% under invoice. or about 20% under MSRP.
Fourth, yes if you go to low, they might ignore you. however there is 100 dealership that will ship you the SAME car for free shipping to your DOOR. so you might need to expand your reach.
if you have a problem, get online and email all the dealerships in a 500 miles radius or more.
I've purchased a car from a dealership in California and Florida and had them ship it to Virginia for WAY less than the local dealer wanted.