I much should I pay under MSRP for a brand new civic?
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I much should I pay under MSRP for a brand new civic?
The total MSRP for a brand new 2010 Civic that I am looking at is $18,200. How much is the car REALLY worth? How much at most should I pay them. Thank you guys!
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Re: I much should I pay under MSRP for a brand new civic?
The car is worth whatever YOU can afford to pay.
First, determine what is the invoice price. Get it in writing w/vin # or have them show you the invoice, not just blurt or write out the numbers.
Then research and see if they're offering any cash back or incentives. If they are, use that as leverage to lower the price. Work with the fleet manager, not the regular sales guys because they work in volumes sold not so much what they can get out of one vehicle which is what the reg. sales guys do. Understand that they also get kick backs for selling a vehicle so that's another bonus in their pockets. Never be afraid to negotiate and never give in. Be firm but respectful.
Just to give you an example, my BRAND NEW '08 Toyota Tundra was listed over $38K. I drove the truck out of the dealership for just a little over $20K. I did the same with all my other vehicles.
Negotiations is all part of the deal. The same goes with any deals, not just limited to cars.
First, determine what is the invoice price. Get it in writing w/vin # or have them show you the invoice, not just blurt or write out the numbers.
Then research and see if they're offering any cash back or incentives. If they are, use that as leverage to lower the price. Work with the fleet manager, not the regular sales guys because they work in volumes sold not so much what they can get out of one vehicle which is what the reg. sales guys do. Understand that they also get kick backs for selling a vehicle so that's another bonus in their pockets. Never be afraid to negotiate and never give in. Be firm but respectful.
Just to give you an example, my BRAND NEW '08 Toyota Tundra was listed over $38K. I drove the truck out of the dealership for just a little over $20K. I did the same with all my other vehicles.
Negotiations is all part of the deal. The same goes with any deals, not just limited to cars.
Last edited by Nosepicker; Aug 18, 2010 at 10:07 AM.
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Re: I much should I pay under MSRP for a brand new civic?
The car is worth whatever YOU can afford to pay.
First, determine what is the invoice price. Get it in writing w/vin # or have them show you the invoice, not just blurt or write out the numbers.
Then research and see if they're offering any cash back or incentives. If they are, use that as leverage to lower the price. Work with the fleet manager, not the regular sales guys because they work in volumes sold not so much what they can get out of one vehicle which is what the reg. sales guys do. Understand that they also get kick backs for selling a vehicle so that's another bonus in their pockets. Never be afraid to negotiate and never give in. Be firm but respectful.
Just to give you an example, my BRAND NEW '08 Toyota Tundra was listed over $38K. I drove the truck out of the dealership for just a little over $20K. I did the same with all my other vehicles.
Negotiations is all part of the deal. The same goes with any deals, not just limited to cars.
First, determine what is the invoice price. Get it in writing w/vin # or have them show you the invoice, not just blurt or write out the numbers.
Then research and see if they're offering any cash back or incentives. If they are, use that as leverage to lower the price. Work with the fleet manager, not the regular sales guys because they work in volumes sold not so much what they can get out of one vehicle which is what the reg. sales guys do. Understand that they also get kick backs for selling a vehicle so that's another bonus in their pockets. Never be afraid to negotiate and never give in. Be firm but respectful.
Just to give you an example, my BRAND NEW '08 Toyota Tundra was listed over $38K. I drove the truck out of the dealership for just a little over $20K. I did the same with all my other vehicles.
Negotiations is all part of the deal. The same goes with any deals, not just limited to cars.
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Rule of thumb:
Start by asking how much over invoice less incentives that you should be paying
Get on edmunds.com or kbb.com to find out what the invoice is. Edmunds also has the incentives in effect for your area. There are two types: Dealer to Customer and Manufacturer to Dealer
Go to as many dealers as you can stand until you get the invoice deal. If they ask for much more, use the best negotiating tool you have: WALK OUT
Locally (Westchester County NY) I have had quotes ranging from full MSRP to right at invoice. Most were closer to invoice.
EDIT: Just saw that NP basically said the same thing, so consider this a +1 from his report.
Remember that auto dealers are hurting. They need to move inventory because they finance the cars that they have on lot and the longer that they are there, the more it costs them.
Start by asking how much over invoice less incentives that you should be paying
Get on edmunds.com or kbb.com to find out what the invoice is. Edmunds also has the incentives in effect for your area. There are two types: Dealer to Customer and Manufacturer to Dealer
Go to as many dealers as you can stand until you get the invoice deal. If they ask for much more, use the best negotiating tool you have: WALK OUT
Locally (Westchester County NY) I have had quotes ranging from full MSRP to right at invoice. Most were closer to invoice.
EDIT: Just saw that NP basically said the same thing, so consider this a +1 from his report.
Remember that auto dealers are hurting. They need to move inventory because they finance the cars that they have on lot and the longer that they are there, the more it costs them.
Last edited by Fudbutter; Sep 7, 2010 at 07:10 PM. Reason: oops
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that is a pretty good price. i got my 2002 for around that price. you can look at truedelta.com too
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