Admin, Author at CarCostCanada®

Don’t Get Taken for a Ride – What Are the Hidden Fees Associated With Buying a New Car?

Are you in the market for a new vehicle? If so, your biggest concern is wading through bogus deals to find a car that offers the maximum value at the minimum cost. The last thing you want to do is pay an arm and a leg because of misleading price quotes that may not reveal accurate figures right at the outset of the purchase. Once you’ve haggled with your dealer and arrived at a price point you’re happy with, it’s important to bear in mind that other auxiliary costs await you.

A vehicle that retails for $50,000 can well end up dinging your finances to the extent of $55,000 through hidden fees. To understand exactly what you’ll be spending at the close of the deal and after, it’s crucial to refer to a reliable car invoice report. This will help immensely – not only in car price comparisons but also understanding all the hidden costs associated with your new car.

Here the five hidden fees that you should be privy to before you set your sights on your next ride:

Registration and Licensing Fees

This differs from one province to another and one vehicle to another. Ranging anywhere from $50 to $500, each province levies its own licensing and registration fees. For the most part, these fees remain unchanged regardless of the vehicle. However, there are cases when the fees may vary drastically from one car to another depending on the price point, year, weight and taxable value of the vehicle along with the driving record of the owner.

If you’re purchasing a used car, you will need to register it within 6 days at a ServiceOntario centre from the date of purchase. When purchasing a new car, your dealer will take care of the registration for you. Apart from this, retail sales tax is also applied to the transaction and will have to be paid when you register. If you have outstanding fees attached to the license plate, these will be added to the overall fee.

Insurance

Car insurance is quite a hefty fee and in most cases, even trumps other monthly payments on your car. Your average insurance policy can be around $200 per month. This cannot be avoided as it is the law to have auto insurance before operating your vehicle. Depending on several aspects such as the model of the car you want to purchase, the city and province you live in, your insurance provider and your and your family’s ages and driving records, the premium you pay for liability, collision and comprehensive insurance will fluctuate. This is definitely something that you want to give due thought to before you set out to purchase your car.

Maintenance and Repair Bills

As any car owner knows, car maintenance bills can lead to a lot of financial distress, especially when these accumulate over time. These can skyrocket to as high as $500 – $600 every three months. Repairs are unpredictable as they are inevitable, and that’s not counting the routine maintenance that has to be carried out to ensure your car remains in tip top shape.

Being that the maintenance costs on modern cars aren’t as high as on older cars, most manufacturers have expanded their warranty coverage and offer free repair services for a specific period after the car has been purchased. With this in mind, it is important to assess whether holding on to a car for a long period will reap a more beneficial projected maintenance and repair outlook after the warranty expires. The general rule of thumb is to go for a vehicle that has a reasonable warranty period to cover future bills and also opt for a model that is cheaper to maintain. Be sure to inquire about the extended warranty on your car and what it will and will not take care of.

Tolls, Parking and Anti-Theft Add-ons

This is a crucial factor to consider prior to purchase. Depending on where you reside, parking and toll fees can be exorbitant. Upwards of $100 per month can be accounted for in parking charges for those areas where it’s much harder to find parking. Additionally, if you want to opt for various add ons, such as an anti-theft feature, you will be shelling out way more than you bargained for during the initial purchase.

Fuel Economy

Gas prices, being as unstable as they are, are a serious investment. It is highly advisable that you make yourself aware of the fuel consumption of the vehicle you’re interested in purchasing and then assessing whether that fits with your budget. Depending on the size of the tank, different cars will consume fuel at different rates. If you make a smart and informed decision about the ideal car for you, it could potentially save you a bundle on gas money.

Want to know exactly how much you’ll be investing in your new car? Request an invoice report from Car Cost Canada today to ensure that you’re not on the losing end of the transaction.

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Dealer Invoicing VS. Car Cost Canada

Before purchasing a vehicle, getting a quote on a price point to start negotiating from may be on your to-do list. Between a dealer invoice and a report from Car Cost Canada, it may sound like the same information given in different mediums. The truth is, they provide different perspectives on pricing and one is significantly more beneficial for buyers.

Dealer invoices come from the car dealerships where they look for areas to rank up the price, add additional but unnecessary components to your vehicle or package, and hide hidden fees. The reports from Car Cost Canada showcase attributes that are important to your decision-making such as, incentives and rebates that you qualify for as well as actual dealer costs.

Keep reading to learn the difference between the two and the benefits associated with each:

Dealer Invoicing

A dealer invoice shows the invoice that the manufacturer of the car sends to the dealership when the dealership receives the car from the factory. This should be the at cost pricing, allowing dealers to adjust their sales markup and work from there.

However, the prices on their dealer invoices are no longer a true reflection of the amount dealers pay to the manufacturer. Discounts that are applicable to dealerships such as the dealer holdback and dealer cash incentives, which are based on their sales volume, help decrease the amount the dealer ends up paying back.

Invoice prices also exclude the rebates, charges, and licensing/registration fees that a consumer would have to pay when purchasing their vehicle. Thus, the dealer invoicing gives a very unrealistic estimate for a consumer to predict the markup a dealer is getting.

Dealer Holdback

Dealer holdback is the amount that the manufacturer pays to the dealer upon the sale of each car. Being that this is paid after closing a sale, it is essentially a significant profit margin for the dealer as there is no carryover to the customer in terms of reduced invoice prices.

The concept of dealer holdbacks comes from dealerships that have inventory on hand, holding back more than necessary to allowing convenience when it comes to consumer browsing. Since this is the case, manufacturers often inflate dealer invoice prices by a predetermined amount but after it has been sold, that inflation amount is reimbursed. The manufacturer holds the funds back and releases it after the vehicle is invoiced to the dealer.

This is the reason that a dealer’s invoice will not reflect the true amount that they have to pay back. The incentives and agreements in place are not taken into consideration, providing a false estimate of what the at cost value truly is.

Car Cost Canada Reports

The invoice price reports from Car Cost Canada more or less provide the same type of information but in a way that is tailored towards the buying consumer. For example, it assists in all the basic information about the vehicle you are interested in, from the vehicle specifications itself to the retail and invoice prices associated. The report even builds in potential add-ons you may consider.

Beyond the vehicle make, the report includes incentive programs that are applicable to you from the specific brands as well as financial incentives from financial institutions. Given these rebates, you are able to make the best decision going forward.

Benefits of Car Cost Canada

The difference between the two invoice reports is the disclosure of incentives and hidden fees. You are able to make a decision that is in your best interests after understanding all components associated with your purchase.

Be cautious when consulting websites that claim to provide realistic and unbiased dealer invoices for a fee. These may not be accurate and in many cases, are actually lead generators for dealerships. When you invest in reports provide by untrustworthy websites, it is possible that this information is being passed on to dealers who, knowing you’re interested in their product and willing to pay for information about it, provide inflated invoice figures and pass it along to you through the website. In these cases, the dealer is paying the website for access to your information in order to target new customers and rack up their sales. Bearing this in mind, it is always advisable to exert caution when approaching a website for invoice reports.

Although they both provide car pricing and an estimated cost of the purchase price, dealer invoices are in favour of the dealership and Car Cost Canada invoice reports are in the perspective of a buyer. Thus, a Car Cost Canada report will benefit a consumer much more. You will be able to save more money by utilizing this free resource.

Next time you’re looking to purchase a new vehicle, talk to our team about getting a free invoice report to make your best decision going forward.

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Mercedes-Benz: Live for the Action

The world-renowned automotive brand, Mercedes-Benz, has become a staple car name to reference to when it comes to choosing a new vehicle. The company has redefined the idea of a luxurious car and has uniquely positioned it in the market to reflect that. With high quality vehicles, there are high costs associated — which is why understanding the reasoning behind why these cars are so good is important.

Owning one of these luxury vehicles may add high-bearing costs for initially purchasing and further maintenance but with Car Cost Canada, there are opportunities to lower your initial cost. This will assist with saving money on your end, thus allowing you to own a luxury car stress-free.

Keep reading to learn about Mercedes-Benz and why they are deemed to be one of the best in the field:

Redefining Luxury

When it comes to a luxurious car, the add-ons and feature packages continue to add value, creating its worth. With a Mercedes-Benz, the value and quality comes from comfort and exceptional performance. Known for much more than its looks, the luxurious aspect is defined through the durability and strength within its product lines.

Exceptional Performance

With all Mercedes-Benz product lines, they are all paired with advanced engines. Their engines are unique in that they all have efficient, noise-reducing 7 or 9 speed automatic transmissions. This ensures that your vehicle has power and handling that can adapt to your driving style, providing optimal comfort and versatility. Performance features such as the 4MATIC, all-wheel drive, DYNAMIC SELECT, and AIRMATIC suspension, also contribute to the comfortability of your drive.

Beyond the structure of the vehicle, technology has been widely integrated with Mercedes-Benz vehicles. With smartphone integration and remote control being the preliminary foundation for most of their product line, Mercedes is ahead of the game with their technology components.

Style and Look

All of the product lines has their own look but the style of the brand is consistent throughout it all. With blazing headlights, side mirror-integrated turning signals, dramatic air intakes, and a star stamped or classic multi-bar grille, the brand stands out from the crowd. The symbol of luxury has never been more clear.

Competitive Platform

In comparison to other luxury model cars, the costs are lower. For example, a Rolls Royce or Tesla come with a hefty price tag whereas Mercedes provides the same high quality and value with low prices.

Beyond the pricing strategy, Mercedes has been in connection with its market through various platforms including social media. Known to interact with its market through personalized messages and engagements, the brand knows how to take risks and brand themselves well. They are the Wendy’s of fast food for automotives.

Lastly, their product line is elaborate allowing for them to tap into the market well. With sedans to trucks to vans, Mercedes-Benz has it covered. The specific product lines themselves have a broad range which creates high levels of functionality when consumers are looking at the brand. For every purpose, function, and objective, Mercedes-Benz has a car for you.

Brand Reputation

In the past year, Mercedes had achieved its most successful years. With unit sales increasing by 9.9% last year, they sold a total of 2,289,344 vehicles in 2017. With new products such as the E-Class Saloon and Estate, as well as growth in SUV sales, it is not a shocker that Mercedes-Benz continues to do well. Lastly, over 130,000 AMG cars sold, a growth of 33%, and that was the first time that the product line hit six-figure unit sales.

Their strategy, CASE, is based on being connected, autonomous, shared, and the foundation of services and electric. The combination of these four components is what creates the success factors for providing customers with the best package. The brand invests in these fields to help develop their strength in their core business and that is what makes it as successful as it is today.

How Car Cost Canada can help

With obvious reasoning, Mercedes has a high reputation and quality products that makes it a top option when it comes to purchasing a car. With Car Cost Canada, you can obtain a free report with details of dealer costs and incentives that you are entitled to which will allow you to get the best price before negotiating for your dream car. This will show any hidden fees as well as any rebates that may be applicable to you, saving you money in the long-run.

Looking to purchase a Mercedes-Benz? Take a look at Car Cost Canada and how we can assist in cost-saving measures so you can make the most out of your money!

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Why You Should Choose CarCostCanada

Shopping for a new car can take quite some time, you usually want to consider all relating factors before you make the pricey purchase. You may want to review and research which vehicle best suits your interests, lifestyle, and of course your budget. Why not make the process easier by getting a free online invoice report from CarCostCanada?

Dealer Invoice Price Report

No one should be paying an extra thousand on a vehicle when they don’t have to. Having a website that breaks down the numbers for you enables more reliability. Other factory invoice price report providers .vs. CarCostCanada vary in terms of the services and background. For one, CarCostCanada was the first company to offer dealer invoice prices in Canada. Since 1999, we have been Canada’s primary choice for free car reports. Our website outlines where and how you can save the extra hundred or thousand dollars by knowing the dealer cost of all new vehicles in Canada. CarCostCanada is a great tool to use to aid you in your next car shopping experience.

Features You Can Use

Don’t worry about no free trial or surprising price to pay for our service. At CarCostCanada, we want to make sure you go through the process easily at no extra cost. Just a couple clicks away and you get your free report, no subscription and no premium fee.

When you are on our website, there are three tabs already laid out in the middle of the home page. You choose your make, choose your model, and click free report. Yes it’s that easy, and if you are having some trouble, worry not, there is a instructional video you can watch that breaks down what the process is all about. After you click ‘free report’, it will bring you through another page that will simply ask you additional questions about the car. So you first build and price a new car, then get the best price formula and in the last step you get a new car dealership introduction. We work with hand-selected professional dealerships that will provide you with the best price and trouble-free buying experience. The report can also be used to your own benefit for negotiating purposes with the dealer. Our key priority is to get the appropriate cost of the vehicle for customers.

The CarCostCanada new vehicle database is also a significant tool that assists our parent company’s insurance services division to supply many of the major Canadian insurance companies with up-to-date new vehicle pricing information. This is helpful for settling total-loss claims on almost all new cars. CarCostCanada’s free invoice is essential when researching and shopping around for your next new car.

Our Strengths Prove We Are Better

No matter what perspective you are standing from, dealership or buyer, CarCostCanada ensures both parties are equally happy. Unlike other factory invoice price report providers, we don’t make it a hassle for the dealer, nor are our services just a tool for dealerships. What you see is what you get, everything is absolutely free. Not only that, but we are your trusted Canadian company that will offer you your free report without asking for any personal information, such as phone number. We won’t ever ask you personal questions to send to other dealerships that will attempt luring you into a purchase by throwing numbers at you. No one should be hustled by the seller. Always remember, you are buying a new car, you are not buying the deal. At CarCostCanada, we make sure of that and we want you to get the price you want just a couple clicks away.

Save some cash, choose CarCostCanada today! We offer exceptional and appropriate Canadian pricing for your next vehicle purchase, visit us today!

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Soaring gas prices calls for a fuel-efficient vehicle

With gas prices on the rise, switching to a more fuel-efficient car seems like the appropriate decision to make. Going to the grocery store and back shouldn’t cost you the 20 dollars you filled the car up with. There are many vehicles in which are fuel-friendly, some have higher fuel economy or others could be hybrid, either way there are cars that could aid you with your gas costs. You can find the best new car deals in Canada with the help of CarCostCanada.

We offer free invoice price reports, so you won’t have to look no further in your pricing research. Fuel-efficient cars provide numerous advantages compared to the not so fuel-friendly cars. Consumers gain a lot, and so does the environment, but saving money at the pump can go a long way for your wallet. Gas-guzzling cars are now a thing of the past, find out the advantages of fuel-efficient vehicles and which cars you should look into if you are considering the eco-friendly/cost-friendly change.

Advantages of Fuel-Efficient Vehicles

Besides being cost-efficient, vehicles that are fuel-friendly come with many other benefiting factors. Fuel-efficient cars get better gas mileage, this is a bonus for drivers because it means that you are using less gas and getting better kilometres per litre. Gas-friendly cars can also reduce the dependency on foreign oil and are environmentally friendly. With a smaller gasoline engine, these types of vehicles release fewer pollutants into the air.

Gasoline and diesel powered cars emit greenhouse gases, mostly carbon dioxide, that contribute to climate change. Hybrid vehicles can reduce air emissions of smog-forming by up to 90 percent. Additionally, they can also lower emissions of carbon dioxide in half. Every kilometre you save with fuel-efficient cars makes a big difference to curb global warming and climate change. Save your wallet and save the Earth by switching to a more eco-friendly vehicle.

The Most Fuel-Friendly Cars For You

Say no to gas-guzzling cars, the following is a list of a variety of some fuel-efficient cars along

with estimated price ranges:

Chevrolet Spark – $13,925 (1.4-litre)
Toyota Camry – $24,390 (2.5-litre)
Toyota Corolla – $19,445 (1.8-litre)
Ford Focus – $18,735 (2.0-litre)
Nissan Versa – $12,995 (1.6-litre)
Toyota Yaris iA – $16,845 (1.5-litre)
Hyundai Elantra – $17,835 (1.4-litre)
Honda Civic – $19,730 (1.5-litre)
Honda Fit – $17,080 (1.5-litre)
Mitsubishi Mirage – $14,260 (1.2-litre)

How CarCostCanda Can Help

While on the look for fuel-friendly cars, finding the suitable car with the appropriate price can be a process of its own. At CarCostCanada, we save you the time and energy from doing that research. Our free invoice reports can be used to your own advantage even when you are negotiating a price with the car dealer. Build and price a new car by getting a free report with dealer cost and the hidden factory incentives and rebates that you are entitled to.

Then you build the best price formula to lead you into the next step which is providing you with the best price from our hand-selected professional dealerships. We are Canada’s number one choice for new car buyers and the country’s most trusted online car pricing service.

Fuel-efficient cars seem to be a popular choice for consumers. Making that switch is a smart decision and you will thank yourself for that change when you are at the gas pump. Gas prices seem to be on the rise and by the looks of it, seems like those soaring prices are not going anywhere and are here to stay.

Since 1999, we have provided Canadian new car buyers with access to our dealer invoice price reports. Visit us today and we will provide you with the report you have been looking for!

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The most favoured and affordable all-wheel drive cars

Your car is usually your primary form of transportation. Some people even believe that they spend more time maneuvering in their car than the time spent at home. When looking for a car, it is crucial that you look for the one that best suits your interests. However, when living in a four-season Canadian climate, having all-wheel drive (AWD) is critical for a safer driving experience. Whether you need to navigate through rough terrain or require a little more traction control during your daily drives, vehicles with four-wheel drive will offer comfort and confidence to drive through just about any sort of road conditions.

AWD vehicles are less susceptible to fishtailing and losing traction, making them ideal cars for various road conditions. It is important to do a car price comparison to find the appropriate Canadian price for the car you are looking into.

CarCostCanada offers free Canadian car invoices online that will enable you to shop and compare. You also don’t want to be paying more than you should. There are many options available for AWD cars, some pricier than others, but there are a variety of affordable and favourable cars in Canada.

How does all-wheel drive benefit your driving experience?

Vehicles with four-wheel drive offer significant safety measures for the driver and passengers in the car. Having the option of AWD in your car allows you to perform better than other cars for a variety of reasons.

However, the main benefit is safety precautions. All-wheel drive always has twice the grip capacity to generate forward momentum. This is significant in regards to safety because it means the stability and degree of the driver’s control is greater than just front-wheel or rear-wheel drive. This is extremely beneficial on a rainy day or snow-like conditions. The drive force is evenly distributed across the four wheels which makes the car more dependable in any condition and gives it reliable acceleration for the vehicle.

Affordable and flattering all-wheel drive cars

Canadian car owners usually are on the lookout for AWD vehicles, but not with a hefty price tag. Safe driving should be in everyone’s reach. Over the years AWD cars have become more sophisticated and efficient, making for a more popular choice than in previous years. Below is a list and estimated pricing of just some of the many all-wheel drive vehicles that may be of your choice:

2017 Mitsubishi RVR SE AWC – $26,498
2018 Subaru Legacy 2.5i – $24,995
2018 Honda HR-V LX – $24,950
2017 Chevrolet Trax LS TI – $24,895
2017 Jeep Patriot Sport 4×4 – $24,645
2017 Nissan Qashqai S TI – $24,198
2017 Nissan JUKE SV TI – $24,178
2018 Subaru Crosstrek – $23,695
2018 Mazda CX-3 GX TI – $23,295
2018 Subaru Impreza – $19,995

(*) Prices provided are from publications and used for comparison only, check the MSRP and actual dealer invoice price on our website before making any decisions as prices, promotions, rebates change without notice.

Invest in safer driving, purchase an all-wheel drive to make the vehicle experience that much more special. When looking into any type of car doing a price comparison is important. CarCostCanada can identify rebates that may not be included in the report from the dealer. These rebates can have a significant impact on the invoice of your potential new car. Make sure you are not overspending on your new vehicle, finance or lease, know the car’s appropriate worth.

Look no further, CarCostCanada can guide you through a smooth, stress-free process of finding your suitable car with a free report!

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Free Canadian car invoice prices online

When purchasing or leasing a vehicle you might start shopping around at numerous car dealerships before you make your final decision. Knowing the exact price that a car should cost can be hard to figure out at times, but it is possible to get the closest estimation to the accurate listing price of the car you are looking into.

When you are putting thousands of dollars into this commodity, such as an automobile, you can be smart about how much you should be paying and save yourself money. Although, there are a few alternatives for a free car dealer invoice price reports in Canada, CarCostCanada includes free Canadian car invoice prices online, it can identify rebates that may not be included in the report from the dealer. These rebates can have a significant impact on the invoice of your potential new car.

Why you should never buy or lease a car without an invoice price report

Invoice price reports include a variety of relevant factors in the decision making process when shopping for a new car. If you are preparing to negotiate on your own, this could be a helpful tool. You don’t want to be paying more than you normally should, so the safer route is to check online for an invoice price report.

It could include; a new car invoice information (dealer cost), advertised and non-advertised cash incentives, cash rebates, special financing and lease rates. Additionally you will also receive a referral to a new car dealer that is committed to providing an ideal and extremely satisfying purchase experience with of course, considerably fair prices.

How to complete your free invoice report and where to find it

CarCostCanada guides you through an easy and stress-less process when acquiring a report. Their website makes it accessible and simple for you to understand, because as we all know understanding car pricing and details can get a little hectic and overwhelming. You choose your vehicle’s make, model and then click ‘get free report’. It leads you to the next page in which has various options to choose from. You pick the most accurate description of the car and then proceed to click next.

After doing so, you simply check all the factory options the car comes with. For instance; primary paint, seat trim and paint scheme. When completing this process, the pricing summary is listed at the bottom. It includes; MSRP, base MSRP, freight price, total cost of the options and total price. Just as easy as it sounds, you can get your free invoice report that fast.

It is always a good idea to go through invoice price reports and compare it to the dealership’s listed pricing. You can set an appropriate price range for yourself and you could make sure you are working within your budget. Buying a new car can be quite the procedure, but can also be exciting. Any tips and tricks to aid you in saving money enables you to become more of an intelligent shopper – especially when shopping for cars, because they are not cheap and are going to stay with you for a while.

Depending on what you are looking for, getting rough estimates is always a great idea. Not only do you want to be able to purchase an affordable vehicle, but you also want to ensure that it is the suitable car for yourself based on your needs and preferences.

Look no further, CarCostCanada can guide you through a smooth, stress-free process and can handle your free reports to use for your own benefit.

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Dealership Fees – Things you should know

Buying a new car may prove to be a tricky affair, especially if you are a novice to this industry. You may not be aware of and understand the various fees printed on the price quote. Some of these fees are mandatory while others are negotiable. When you don’t know what fees you must pay for, and what you need to question, the process can become pretty expensive.

However, you do not have to worry, as we will help you learn about these dealer fees associated with buying new cars.

All-in Price Advertising as per OMVIC (Ontario Motor Vehicle Industry Council)

As per the Motor Vehicle Dealers Act, every dealer registered with OMVIC must follow all-in advertising – which means the price (for both new and old car) must include all charges and fees that the dealer wants to collect from the customer. There cannot be any hidden fees at all.

Must to include fees in advertised price:

Freight: Freight fee is charged for transporting the car from the factory to dealership. The amount of this fee is determined by the manufacturer.
Pre-delivery inspection/expense: This fee is also set by the manufacturer and charged for getting the car ready for driving by filling the gas, checking coolant, engine oil, lights, windows, air conditioning and lot more.
Government taxes: You need to pay for government taxes such as air tax, tire tax and regulatory fees. OMVIC is responsible for keeping dealer fees transparent, and ensuring that dealerships are committed to keeping their customers well-informed about the fees incurred when buying new cars.

The dealerships are obligated to incorporate the cost of products/services that are pre-installed on the car, in the advertised price, such as warranties, nitrogen or tire protection package, theft deterrent or security products and fuel. Keep a note that while dealerships are required to list all the fees in the price, these fees must also be mentioned separately and given on the final bill of sale.

What’s not incorporated?

Licensing and HST may not be included in the advertised price. When this is the case, the dealer will mention it in the advertisement prominently and clearly. Licensing fee indicates the cost of car plates and registration, and doesn’t include any additional fees or charges added by dealer.

Type of fees where you can negotiate

Administration fees: These fees include transaction, financial documentation and licensing, and sometimes may also cover in-car features such as satellite radio and bluetooth. You have ample scope of negotiation here with the dealership.

Extended Warranty: It is mostly set by the manufacturer and in certain cases, by third party vendors. It is solely your discretion if you would like to extend the warranty or not.

All the legitimate dealer fees on new cars are usually given on the invoice, and if you are unsure about any taxes or fees, don’t hesitate to ask for clarification. In case you want extra features to be included in your car, such as VIN etching, rust protection, and block heater installation, it is better if you shop around because dealerships tend to charge hefty amounts for these.

Are you interested in buying a new car, but don’t understand the complexity of the fees associated. Contact Car Cost Canada, and get a comprehensive dealer invoice report for absolutely free. This report entails everything that you’ll need to buy a car that entails all the required features and is within your budget.

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How to Negotiate Using Dealer Invoice Reports

When you are in the market looking for a new car, it’s important that you educate yourself with essential tips and knowledge to make the best decision. From obtaining a dealer invoice report to the negotiation itself, ensuring that you have the best information from the beginning will prove to be beneficial to you.

Keep reading below to uncover how having a dealer invoice report in your hands before you step into the dealer’s office, can help you get the best car deals in Canada.

Obtaining a Dealer Invoice Report

Dealer invoice reports are important for both the dealers and customers to understand vehicle value. When vehicles are transported to a dealership, a certain price is paid to the manufacturers — which is referred to as the invoice price. The price seen on the sticker of vehicle ads is the MSRP – manufacturer’s suggested retail price, which incorporates the margins set for dealers.

Whether you are financing or leasing a car, invoice reports are essential as the purpose of them is to provide an accurate understanding of the vehicle you will be driving.

Know the hidden details

Buying a new car is an important decision, with a major part of your savings at stake, you ought to know even the minutest detail involved in the process. Dealer invoice reports will give the dealer’s cost, along with hidden factory incentives and rebates that you are entitled to when buying new car.

When you have all this information with you, you can ask dealers for their starting quotes, and you’ll be able to identify any unnecessary costs. The dealer will know that you’ve done your homework and are quite serious about finding the best car deals.

Negotiation power

Provide a reasonable number to begin with during negotiation, by adding a specific percentage to the invoice price. Usually the dealer’s margin is not more than 8.7% as per recent research, and it would be wise to consider this factor when negotiating. Keep the dealer’s perspective in mind as they are looking to satisfy their customers but also expected to make a certain amount of revenue. Since you have your dealer invoice report, you will be able to identify what number to start with and what the ideal negotiated numbers would be for both parties.

3% – 5% Rule

A smart negotiation tactic would be to follow the 3 to 5% rule. Add 3-5 percent to the invoice price for the dealer margin. If you keep the expectations realistic and do your research, you will certainly be able to negotiate a price in your favour.

Looking for assistance when finding the best new car deals in Canada? Get your customized, free dealer invoice report from Car Cost Canada now and be ready to enjoy the big savings!

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Finding the Perfect Honda for Your Budget

Needless to say, purchasing a car is a big commitment and it’s important to know what kind of car best fits not only your everyday needs, but also your budget. Although used cars may cost less upfront, when you factor in age, long-term use, and cost of repairs, they may end up being a more expensive investment down the road. A new car does not always cost a fortune, and if you look closely, you’ll see that the best new car deals are more accessible than you think.

2018 Honda Civic Sedan

Can’t invest too much in your new car due to financial restrictions? The 2018 Honda Civic Sedan is a perfect option for you. Taking you and your passengers from point A to point B without breaking the bank, the Civic features 15 cubic feet of cargo space–a generous amount of storage space for a sedan of its size. Beyond that, the Civic is also extremely fuel efficient compared to other sedans. While other Sedans, such as the Volkswagen Jetta SE, Hyundai Elantra Limited and Toyota Corolla XSE, are averaging 28 mpg on city roads, the 2018 Honda Civic Sedan hits 32 mpg. What that means is that this vehicle is able to travel up to 32 miles on 1 gallon of gas (on city roads), while the other Sedans only deliver 28 miles of travel on a gallon of gas. Starting at an MSRP of just $16,690, the 2018 Honda Civic Sedan will not disappoint.

2018 Honda CR-V

If you have more flexibility in your bank account, the new 2018 Honda CR-V offers technological and luxurious interior while keeping the price at a decent cost. Featuring a 7” touchscreen smartphone integrated system that connects iPhone’s and Androids via bluetooth, the CR-V allows drivers to make and pick up calls safely while on the go. For adventure enthusiasts, the fear of scraping the car’s stomach on rocky roads is now in the past as the 2018 Honda CR-V also provides an extra 1.5 inches of ground clearance in comparison to the 2017 CR-V. Interested in purchasing the 2018 CR-V? The standard trim starts at only $27,090 and it is perfect for those craving a luxurious driving experience without the hefty price tag.

2018 Honda Odyssey

For people who have children and do not mind spending the extra money on a safety equipped vehicle with lots of space, the all new Honda Odyssey is the way to go. The 3.5L V6 280hp engine backed by the 9 speed automatic transmission provides a fun and stable ride each time. Beyond the powerful V6 engine, the Honda Odyssey also offers more functionality in the second-row seat and the road departure mitigation lane feature. Available in 6 trims, the standard 2018 model starts at an MSRP of only $34,890.

How You Can Save with Car Cost Canada

Make your budget go further when you request a free dealer invoice from us! Car Cost Canada helps Canadians save by providing users with a complimentary dealer invoice report for any vehicle of their choice. In this report, users receive information including: what their dealership paid for their vehicle, hidden factory incentives, special lease/financing rates, leaving little to no need for negotiation.

Get behind the wheel of any Honda and try it out for yourself! Whether you’re a fresh graduate, a newlywed, or a mother of three, Car Cost Canada will help you find the best deal for your new car. Request a free dealer invoice today.