Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Thou Shalt Not Keep Up with the Joneses | Main | The Best of Money Carnival »

February 07, 2011


Feed You can follow this conversation by subscribing to the comment feed for this post.

Pretty good overview of the process. Being from the south, I'd never heard the "go to Detroit tip," so I'll have to tuck that one away for the future.

Now...grammar police time...Unless the point is actually silent, there's no such thing as a "mute point." it's really a "moot point." Just a pet peeve of mine, carry on.

damn, ya beat me to it!, I am always surprised by the use of the word mute instead of moot.

Sure spell checker will pass it, but jeeshh, it's a word one should have learned in 7th grade. Well, that's enough nit-picking for the day.

I am curious about the concept "the price you should pay". This implies that the price if somehow dealerships are ripping you off if you pay more than some mythical price. The price you should pay does not exist. Price is based upon two things and two things only:

1. Supply
2. Demand

If all of the dealerships in the area don't want to part with a particular car for less than MSRP, that means that they know there is enough demand or not enough supply, so they will not selling it to you for that mythical invoice price, no matter how much you beg. Why? Because they know that they can sell it to somebody else at a higher price.

The only piece of advice that makes sense is "competitve bidding". Get a quote from multiple dealerships and make them compete against one another. Buy the car from the lowest bidder. Very simple. Then you don't have to worry about all of the other "tricks".

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.