![]() ![]() This has become a sales tactic that nearly all car dealerships use to convince customers that they are getting a fair deal. On the new car side of things, dealers are much more likely to be open and transparent about the invoice cost they paid to purchase a vehicle. You can always ask a dealer what they paid for a used car, but there typically won’t be a willingness to share that information. When it comes to used cars, they are primarily bought and sold from the auctions or customer trade-ins, and in these cases looking at a dealer invoice price won’t be an option. The dealer invoice is something you’ll want access to when negotiating the price of a new car. Similarly to when you get a buyer’s order for a vehicle you’re interested in, dealerships receive an invoice directly from the factory telling them the price of the car (including the destination fee) that they owe. Floor plan is industry jargon for “finance,” and it means that dealerships take out loans to pay for all of the vehicles you see on their lot, just like most consumers do when they finance the purchase of a new vehicle. Similarly to you and I, dealers “floor plan” their purchases. By understanding the dealer invoice price, you can have a better idea of a fair price for the vehicle you’re interested in.įranchised car dealerships buy their inventory directly from their manufacturers. It’s important to know this price because it can serve as a valuable tool in negotiating the final cost of a car. What is Dealer Invoice Price?ĭealer invoice price refers to the amount a car dealership pays to the manufacturer for a vehicle. ![]() This ultimate guide to dealer invoice price lookup will provide you with all the information you need to negotiate with confidence and save money on your next car purchase. ![]() When shopping for a new car, it’s essential to understand the dealer invoice price to ensure you’re getting the best deal possible. ![]()
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