Originally posted by XTario:
If everyone paid as they think they did..Being invoice and even less at times..Nissan would be in trouble giving away goods like that..
Well, there is invoice cost and then there is what the Xterra really cost the dealer - rarely are the two the same.
And it isn't hard to get good deals because the vast majority of people are clueless when buying cars and dealers have NO trouble making lots of money off of them :rolleyes: For something as expensive as a vehicle, you think people would read up and learn how to negotiate..
I'm sure some of us have gotten deals and what have you..But HOW DO YOU REALLY KNOW what invoice price is? [...] That's not the real invoice orice they're showing you.
Sure it is. But that doesn't mean that's what the vehicle ended up really costing them (you paid taxes, right? If you got a refund, what you paid in taxes is not what they really cost you - same deal). And never take their word for it on the invoice price, you should always do your homework and find it out before on your own.
Check this out:
http://www.carbuyingtips.com/car4.htm The only way to know if you are really getting a good deal is to crunch the numbers - a really nice spreadsheet is provided here:
http://www.carbuyingtips.com/offer.xls I crunched the numbers, factoring in the $750 factory to dealer rebate that was offered at the time and got a number. Then I faxed around asking for quotes (didn't give them the number - I wanted to see what the best deal I could get back would be). I got one response that was $300 BELOW what I figured my best deal would be - and according to my spreadsheet, $300 was all the profit they were going to make on the sale.
Then when I got up there to pick up the truck, turns out they sourced it from another dealer - they didn't even have it in stock! So something else was going on - they were probably just shy of some hidden factory/dealer sales quota (it was the end of the month - the best time to buy) that got them a bonus. Add in it was last years model at the end of the year - I can guarantee they made money somewhere on the deal.
But who cares - I personally got a hell of a deal. They were a good $1000 below the best offer I got from other dealers, so more power to me. That's why you fax every dealer you can think of and then some (I faxed almost 30) - one of them will be hungry and cough up a good no-nonsense deal.
Make sure you read up and do your homework before you go to purchase a vehicle - you can literally save thousands!