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Buying Tips
10 Steps to Buying a New Car
Step 8: Closing the deal.
From Edmunds.com
Video highlights of this article
If you feel good about the price you have been quoted, it's time to take a look
at the big picture. Many buyers focus on the cost of the car and ignore the related
expenses. Besides the cost, you will have to pay sales tax and various fees which
vary from state to state. These expenses can be estimated and totaled with the
Edmunds.com calculators.
The simplest way to estimate total cost is to ask the salesperson to fax you a
worksheet and invoice before you go to the dealership. This way, you'll be able
to review the figures in a relaxed environment. Compare the numbers from the dealership
to those you have calculated and the TMV prices on Edmunds.com.
In some areas of the country, dealers have costs that don't show up on Edmunds.com invoice prices. This means the Edmunds.com invoice price of the car you are researching might not exactly match the dealer's invoice. Don't panic — and don't begin making accusations. Edmunds.com can't track all regional fees, such as advertising costs. So, as a rule of thumb, consider the charges on the dealer's invoice to be nonnegotiable. However, if extra fees are written into the contract (such as "D&H" or "Administrative Costs") which seem bogus or redundant, ask to have them removed, or say you will take your business to another dealership. For more information about this crucial point in the process read Invoice
Scams and Sudden Extras.
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