How can i find out what a new car dealership paid for a car

Question

How can i find out what a new car dealership paid for a car

Answer 1

The closest thing to that is the Invoice price, which you can get by going to Edmunds.com

Answer 2

Edmunds.com is the closest you'll come, but they are typically off by a few hundred and aren't always up to date with the latest price increases.  But they give you a good idea.

I heard holdback thrown around, holdback is non-negotiable, it is money paid to the dealer to cover the cost (interest) of holding an inventory.

Answer 3

If its a new car then you will need to look at the factory invoice. There are websites like edmunds or consumer reports that will get you a number thats close but they always leave things out like the delivery and fuel charges from the manufactorer and thier info usually isnt up to date. Consumer reperts will also give you things like dealer hold back, which is something the manufactorer pays the dealership for selling the car so they claim invoice minus the holdback is a dealers " ture cost" on the car but they dont tell you about all the money the dealer has to spend on the car to sell it to you. Holdback helps cover those costs so its not like the dealer gets to keep that money.

If you can get the dealer to show you the invoice the invoice price is what the dealership has to actually write a check for for that car.

If your talking about a used car theres no way to know what they paid for it unless they show you, which isnt going to happen.

So all in all the only true ways to know what a dealership actually paid for a car is to have them show you, and thats probably not going to happen.

If your worried about wether or not you got a good deal on a new car, dont. Its almost impossible to get a "ripped off" by a new car dealership, the worst they will do is give you fair market value, theres so much info avaible to customers now and so many dealerships that they wont ripp you off, you may not get the best deal in the world but at worst your paying market value. The ones you have to watch out for are the small used car only dealers, there are some real chop shops out there.

Answer 4

Do a google search for invoice pricing on the web.  This will give you a general idea.  Also add $300-$700 for transportation of vehicle to dealership.  The dealer WILL NOT negotiate transport costs.  Cars.com and KBB.com also has this information.