When shopping for a new car, there is a lot at stake. Big purchases like this should never be made without doing some research and comparisons on car models or dealerships in Canada.

To no surprise, many dread the negotiation process because they feel that they are “no good at it.” However, our team at Car Cost Canada believes that with a few tips and pointers, you’ll become a pro in no time.

We understand that the negotiation process can be stressful. That’s why we want to help you facilitate a more seamless and satisfying experience on your next visit to the dealership. Keep reading to discover the 4 things you absolutely should not do when negotiating a car deal:

1. Skipping The Research Phase

One of the biggest mistakes people make when purchasing a new vehicle is skipping out on the research phase. Whether it be researching the manufacturer or the dealership you’re bringing your business to, you should always do your homework beforehand.

The last thing anyone wants is to buy a vehicle they can’t afford to maintain or insure. From comparing the pros and cons of your desired vehicle, to being aware of the cash incentives and rebates available, you should always do your homework before heading to your local dealership.

2. Settling With MSRP

While the manufacturer’s suggested retail price (MSRP) is what dealers advertise, you should know that the price listed usually isn’t set in stone. At most car dealerships, customers are expected to negotiate and haggle a bit. In fact, because of this, some dealerships will markup their prices even further.

Luckily for you, you don’t have to spend hours at the dealership trying to negotiate the cost of your new car. With the help of Car Cost Canada, you can stay within your budget and far from the MSRP. Sign up for a free Invoice Price Report to help you with your car comparisons. You’ll also receive information about advertised and unadvertised cash incentives, rebates, and special financing/lease rates to ensure that you negotiate best price possible.

3. Failing To Compare Dealerships and Cars

Shopping for a new car these days is nowhere as simple as shopping for new clothes. There are many things to keep in mind when in the market for a new vehicle. While it’s undoubtedly critical to compare car models, it is equally as important to perform a thorough car comparison.

On your first visit, be prepared to walk away. While your dealer or sales rep may momentarily lower the price for you, keep in mind that this is not the best price you can receive. Shop around with other dealerships and see which one is willing to take your offer.

Not sure which car dealerships near you are willing to haggle? When you request your free Car Cost Canada Invoice Price Report from us, you’ll also receive a referral to a new car dealer that offers great prices you’ll fall in love with.

4. Buying/Leasing A New Car Without a Car Cost Canada Invoice Price Report

While the mistakes we listed above should be avoided at all costs, our team at Car Cost Canada believes that buying or leasing a new car without an Invoice Price Report is a mistake car buyers should avoid.

We believe that utilizing our invoice price reports can make a world of a difference. Not only is it free, you’ll also receive valuable information on what your dealer pays, in addition to advertised and non-advertised cash incentives, cash rebates, special financing and lease rates.

We hope you keep these tips in mind the next time you visit a dealership. At Car Cost Canada, we want to help you walk away with the best price possible. Sign up online today to get a free dealer invoice report and jumpstart your car comparison process!