Who doesn't want a great deal on a new car? Lucky for you we have a tip that might make this dream a reality, knowing the wholesale car price.
The wholesale car price refers to the amount the car dealer actually paid the factory for the vehicle. This is also known as the new car invoice price. Obviously the dealer doesn't want to give wholesale car prices, so they bump up the price to what they feel is adequate. They may decide to charge the MSRP (Manufacturer's Suggested Retail Price) however they are under no obligation to sell the car for this price. It's important to know that while the dealer may not want to give you wholesale car prices, sometimes they can be persuaded to if the situation is right.
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The Difference between the Wholesale Price and the Dealer Cost?
There are certain factors that can serve to further decrease the actual cost of a vehicle to an auto dealer. The main factor is the existence of the 'dealer cost'; this refers to how much the vehicle actually cost a dealer once you factor in any factory to dealer incentives or holdbacks. Sometimes the factory will add a holdback into the wholesale car's price; this is usually 2-3% of the MSRP. The holdback is then returned to the dealer once the vehicle is sold. The idea is that it serves as assistance from the factory to the dealer, to help with any costs associated with keeping the car on the lot, and ensures that the dealer will be able to keep stocking their floors with new models.
Because of the existence of the true dealer cost, a car dealer can sometimes sell you a car at or close to the wholesale price and still make a profit.
Best Times to Get a Car At Or Close To the New Car Wholesale Price
There are certain times when dealers are in a rush to get rid of certain vehicle models, it's important to make a note of the best times during the year to get wholesale car prices so you drive away with the best deal possible.
During the end of the month and especially the end of the year are the times when dealers will be scrambling to meeting their quotes and may be more inclined to give you wholesale car prices. Another great time to get a price at or close to the wholesale car's price is when dealers are trying to move the previous year models to make room on the floor or lot for the new models, so keep an eye out for new model launches.
Request your free new car price quote today and find the vehicles that you want in your zip code. Use your new car quotes to leverage dealers against each other and make them compete for your business so you get the best deal possible.