When buying a new car, car dealers often promise prices they are offering '$1 above or below the invoice price' and this information can be misleading. If you are eyeing the new Hyundai Elantra for your next car, it is best to not only determine the invoice price but the true dealer cost as well. Remember that knowing the invoice price alone does not guarantee that you get the lowest new car prices on the market.
Why Determine the Hyundai Elantra Dealer Cost and Not Just the Invoice Price?
There are two important factors why you should not rely on the invoice price alone when thinking about buying a new car:
- Keep in mind that the dealer invoice for the Hyundai Elantra also contains a small percentage of the MSRP called the ‘dealer holdback’ and is usually around a few hundred to a thousand dollars depending on the percentage as stated by the manufacturer. To be on the safe side, it is best to assume that the holdback percentage is usually around 2% to 3% based on the MSRP.
- Car manufacturers also offer certain rebates and incentives for the sale of the car. These rebates are not reflected on the invoice price and will be credited to the dealer once the sale has been consummated. However, the said rebates and incentives will vary according to the manufacturer and may not be consistent with other dealers in the market.
Understanding the Dealer Holdback and the Hyundai Elantra True Dealer Cost
The dealer holdback is usually indicated by car dealers to cover certain costs associated with the sale of the car. Dealers often blame advertising expenses when questioned about the existence of holdbacks. The dealer holdback is usually an incentive offered for fleet car buyers and should benefit the buyer alone. Keep in mind that the dealer holdback varies according to the type of car you wish to purchase and should not be the basis for negotiating the price of the car. the Hyundai Elantra dealer cost can be easily determined by adding the destination charge along with other options to the invoice price and deducting the dealer holdback.
Find the Hyundai Elantra Dealer Cost Without Breaking a Sweat
The simple act of requesting a free, no obligations quote will enable you to easily find the Hyundai Elantra dealer cost so you can use this as a basis to negotiate the final asking price of the car. What this means is that you can stand a chance of saving more dollars while still driving one of the newest and most stylish compact cars to ever hit the market.