How to make the new car Canada deal of your life and save oodles of money.

Where can you get confidential new car Canada pricing information?

Buying a new car is a big decision, but it does not have to be a difficult one. The average person will buy 10-12 cars in their lifetime. Preparing yourself and doing your homework is the key to being able to make the important decisions with total confidence.

Once you have decided on the car to buy or lease, you will need to determine what a good price is. This is where it can get very tricky. Before you sign on the bottom line, you need to know how to recognize a good deal when you see one.

I suggest you take a few minutes of your valuable time visiting with CarCostCanada who will show you how to save a great deal of your hard earned money when purchasing a new car.

The anatomy of a new car Canada price:

M.S.R.P. – The Manufacturers Suggested Retail Price, commonly known, as the list price or window sticker is a retail price set by the manufacturer. This is the price car dealer would like you to pay. Although the overwhelming majority of new cars sell at less than the MSRP, some dealers will hold out for this price on a very hot-selling vehicle that is high in demand and limited in supply.

Dealer invoice price – Every manufacturer sends an invoice to the dealer for their purchased vehicles as soon as possible after delivery. The dealer will typically pay for the vehicle via a prearranged line of credit. Commonly, the dealer will start paying interest charges from the first day onwards.

Hold back – Most manufacturers help subsidize the interest charges and marketing / advertising that a dealer incurs by paying the dealer a hold back amount, after the vehicle sells. 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.

Maximum dealer margin / profit – The difference between the MSRP and the dealer invoice price is the maximum dealer margin / profit that the dealer has to work with when negotiating a deal.

Dealer and buyer goals - The dealer’s goal is to negotiate a deal as close to MSRP as possible and your goal is to negotiate a deal as close as possible to the dealer invoice price.

Actual dealer margin / profit – The amount over the dealer invoice price that you and the dealer agree too, is the dealer’s actual profit / margin, before sales and overhead expenses.

Dealer overhead and bottom line profit - From the actual dealer profit/margin amount the dealer has to cover the sales rep and sales manager’s salaries, commissions and bonuses. The remainder goes to the dealership to cover all other expenses, with the final balance representing the actual net profit to the dealership.

Factory-to-consumer incentives – In an effort to stimulate sales, many manufacturers will offer incentives to the consumer which is you. Incentives advertised in the media can consist of low rate financing / leasing rates, such as 0% interest, cash rebates or a combination of both. If a manufacturer is offering you 0% or $2,000 cash, the emphasis is on OR which means that you cannot get 0% financing and $2,000. You have to decide between the two. In some cases, you can combine the 0% and $2,000, but not very often.

Factory-to-dealer incentives – Commonly referred to as hidden or secret rebates. These non-advertised dealer incentives 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. Others will use these incentives to encourage dealers to carry more inventories and thus potentially sell more vehicles. Most dealers will factor in these factory-to-dealer incentives when negotiating a deal. Effectively this may allow the you to buy or lease a new vehicle for less than the dealer invoice price.

As you can see, new car Canada pricing can be very complex. Knowing what you now know, would you ever simply walk into dealership and negotiate a deal on your own, without having all the information above? I would bet that your answer is NO!

After searching the web, I discovered a number of sites that promised to offer this information, I found only one that is credible enough for me.

CarCostCanada According to their website they also supply this information to insurance companies, which are notorious for being very particular about their service suppliers. Car Cost has been around since 1999 and have a very strong following. When you consider the size of your investment in a new car Canada, to spend less than $40, to ensure that you get the best deal, is a small price to pay.

Author - Jeremy Andrew - theCarMagazine.com. Edited to suit this page.

There is an alternate way to obtain a new car Canada and that is by leasing. Does a lease make sense for you? This great article spells out all you could ever want to know about leasing a new car Canada.

If leasing appears to be good option for you then

If you are going to Finance your car purchase it is a good idea to get some Loan Quotes. You will probably want to get a pre-authorized quote for a new car Canada from where you would usually get your loans and also get a quick online Car Loan Quote.

Another good idea is tobecause the cost of insurance for any given vehicle could have an impact on which vehicle you ultimately choose.

Here is a place to learn how to sell a used car Canada or get out of a Canadian car Lease easily and quickly.

Search for more car resources with Google search