End of Auto Boom Forces Car Companies to Massively Discount New Cars - 10 Best Autos

End of Auto Boom Forces Car Companies to Massively Discount New Cars

DepositPhotos © Elnur_

Where Can You Find These Massively Discounted Cars Online?

The smell of new car seats. The most advanced technologies, latest accessories and comforts. Luxurious upgrades that make people turn your way as you drive by.

Whether it’s a sportscar, luxury sedan, or a family SUV, you don’t have to be left struggling to pay off bank loans.

Car dealers have been frantically manufacturing the same number of new vehicles with every imaginable features, but with 2017 car sales declining by a whopping 24% to 33% for Ford and Chrysler according to CNBC¹ – many of those lovely new cars sit unsold on dealer lots. Car dealerships are in panic mode because they need to get these off their lots.

While it would be ideal to offer new cars at full retail price, car dealerships were left with no other choice but to quietly advertise massively discounted deals online.  You can save anywhere from $1000 to $3000 depending on the car, suv or truck model.

How big of a discount? Cars can be found for a fraction of the price you pay anywhere else.

Thinking you’d find the best car deals just by walking onto a random car dealership and talking to the first salesman who appears? Think again. Car dealers have been well-trained in the art of negotiation in that you won’t get the best deals, even though you’ve been promised that what you ended up paying for was “the best deal out there”.

But there is a place where you can find incredible deals from many of your local dealerships – in one place, for just about any car with any feature you can imagine!

As a bonus, you may get cars with the latest upgrades for your dream car. Other packages pay a premium for additional specs or upgrades, but you won’t have to if you can negotiate the right deal.

Couple who just got a great deal on a new car

DepositPhotos ©  IgorTishenko

An Incredible New Way To Shop For Cars

Buying brand new cars in bulk costs dealers a ton of money, and these dealership owners can’t afford to let that inventory sit around forever. So they’re willing to offer amazing deals if it means moving unsold inventory. 

Before you buy a NEW car anywhere, you need to read this:

The M.S.R.P. – The Manufacturer’s Suggested Retail Price, commonly known as the List price or window sticker, is the price set by the manufacturer. This is typically the price that the new car dealer would like you to pay, but now with car sales lagging, you should be able to find deep discounts online and special sales that you won’t find directly at the dealership.

Hold Back – Most manufacturers help subsidize the interest charges and marketing/advertising that a dealer incurs by paying the dealer a holdback amount, after the vehicle has been sold. This amount typically ranges from 2.0% to 2.5% of the invoice amount. Dealers will rarely consider this when negotiating a new car deal but if you look online, you may be able to get those discounts.  On a $30000 vehicle, that could save you up to $750 off the purchase price.

Factory-to-consumer incentives – In an effort to stimulate sales, many manufacturers will offer incentives to the consumer (you). These incentives are commonly advertised in the media and can consist of low rate financing/leasing rates, such as 0%, cash rebates, such as $2,000, or a combination of both.

Factory-to-dealer incentives – Commonly referred to as hidden rebates. Internally these non-advertised dealer incentives can be known as marketing credits, trading dollars, factory cash, dealer cash, dealer bonuses, invoice credits, etc. Many manufacturers will use them as additional stimulus for the dealer to sell more vehicles. In some cases, the manufacturer may not want to advertise that they are offering incentives to avoid tarnishing their image, where others will use these incentives to encourage dealers to carry more inventory and thus sell more vehicles. Most dealers will factor in these factory to dealer incentives when negotiating a deal. Effectively this may allow the buyer (you) to buy/lease a new vehicle for less than the dealer invoice price.

Of course, these discounts aren’t offered just anywhere.

You have to engage in a bit of a scavenger hunt to find them hidden somewhere online. It’s highly unlikely you’d find the same prices anywhere else–no matter how many dealer sites you check or how many dealerships you personally visit.

The great news is that if you look hard enough, hidden gems for dealer discounts are online.   Luckily, a few of these places do exist where you can search for car deals.  


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Notes:

¹ http://www.cnbc.com/2017/04/03/shares-of-us-auto-companies-fall-as-car-sales-decline.html