Curious About Which Midsize Sedans Have the Highest Owner Satisfaction?

Whew, the Canadian auto industry has an impressive lineup of sedans. These beauties are getting their fair share of the action. Now conventional avenues of thought have spurned the humble sedan for the mighty SUV in the past, but if 2019 was anything to go by, the trend is now shifting. 

If you’re researching the best midsize luxury sedan price Canada, Car Cost Canada has some amazing incentives and rebates in store for you. It all starts when you get a dealer invoice report. This report reveals the new car invoice price and makes negotiations with the dealer 10x easier!

First, you have to choose the right sedan for your budget and lifestyle. Below, we’ve listed the best cars that have made owners very happy in the past. 

 

2020 Ford Fusion

This fuel-efficient midsize sedan exudes style inside and out. It features the latest driver-assist technologies and comes with 3 different powertrain options. Owners of the Ford Fusion have reported that it provides a smooth ride and the cabin offers ample space across its comfortable two-row seating. All in all, the car packs quite the punch and promises to make for a very enjoyable ride. 

 

2020 Honda Accord

Car gurus have revealed that you’d be hard-pressed to find a family sedan that delivers as nice a drive as the Accord. The hallmark of this vehicle? Its athletic chassis, light-weight steering and balanced ride. Drivers can expect the usual lineup of features; lane-keeping assist, adaptive cruise control, emergency braking and the likes. The Accord is easily one of the best-equipped options in its class and a viable preference for even the most demanding of car buyers. 

 

2020 Toyota Camry

The Camry boasts of a sleek shape and features a driver-oriented dashboard. Some good news for Android users; the sedan has finally been brought up to par as its Apple CarPlay compatibility will now be joined with Android Auto. The base version offers gentle handling in ironic contrast to its sporty exteriors. The base 203 horsepower engine supplies the front wheel through an 8-speed automatic transmission. To bottom line it, the Camry has beautiful spacious interiors and offers Prius-grade fuel economy. 

 

2020 Audi A3

Hailed as Audi’s most phenomenal achievement, the A3 is luxury all the way. The 2020 model boasts of exciting new equipment coupled with the beloved classics. Drivers can expect a smartly designed interior and punchy turbocharged engine. Although cargo and passenger capacity are a bit minimal, the A3 makes up for this by being one of the most affordable options in this segment. 

 

2020 BMW 5 Series

The BMW 5 is nothing if not comfortable, fitting four adults in its spacious cabin with room to spare. BMW has administered quite the list of improvements in engine, transmission and performance. All 5-series models are competent handlers, although they do not have the same driving verve as previous models. The bottom line? If you’re looking for an outstanding executive sedan with few vices, the 5-series may just be for you. 

 

Got Your Eye on a Great Sedan?

The Next Step Is…

A dealer invoice price report! You can get a report for any make and model and compare costs; MSRP, financing options, factory incentives, and more. This will make your buying decision much easier. 

Request your dealer invoice report today!

Psst, This is What Your Dealer Invoice Report is Trying to Tell You!

We get it. As a millennial, you have a lot on your plate, everything from paying off that student loan to making your monthly rent – life isn’t easy. 

Luckily, your new car buying experience doesn’t have to be rife with annoying challenges – challenges you clearly don’t need right now. 

Studies show that most millennials optimize the online car buying process more than other buyers. This often reaps big price benefits and is a HUGE time-saver. Where to start? One of the best ways to kick off your online research is with a handy-dandy dealer invoice price report

This report makes the negotiations process 10x easier. For one, you can choose any make and model and almost instantly access information like factory incentives, how much the dealer paid to own the car, leasing and financing rates, vehicle pricing, great insurance quotes and more. 

Let’s say you want to know the cost of a Mazda CX-3 in Canada, all you have to do is complete a short online process on our website that starts with choosing the right model, and within minutes, you’ll have the report sent to your email! A smart shopper is a happy shopper. With this report in hand, it’s easier to negotiate with dealers and properly budget for your new car. 

Look, we know you’re new to this. Today, we’re going to walk you through a car dealer invoice report, help you understand what each section means, and how you can use this information to your advantage at the dealership!

 

Pricing Guidance

This section offers a very useful formula to help you calculate the best deal. 

Your Best Deal = Invoice Price – Your Eligible Incentives + Member Markup

You will find that this section also details the different markup categories and helps you understand which you fall into. For instance, the markup margin could drastically change depending on whether there are any sales, inventory clear outs or if you’re opting for a high volume model. The markup margin is typically between 5% to 8% for most premium, luxury and high-demand-low-supply models. 

 

Factory Incentives

Those juicy incentives that your dealer may not always tell you about! These factory-to-dealer incentives reduce the cost the dealer pays to the manufacturer to own the vehicle. They are available on a regional basis and for certain models. 

Such types of incentives work on a don’t-ask-don’t-tell basis; meaning, dealers are not obligated to reveal these rebates to customers. It’s up to you to negotiate in order to benefit from them. Depending on the incentive and the dealership in question, these may run as high as $2,000. 

These may include; First Time Owner’s Program, Grad Awards, Clearout Events, Mobility Programs and the likes. 

 

Lease and Finance Rates

The report also details factory lease and Scotiabank finance rates for the chosen make and model. This is one of the most beneficial sections as it gives you an insight into long-term car payments and helps you accordingly budget for your vehicle. Car Cost Canada is always updating its system with the latest rates so that you receive real-time information that you can use to your advantage. 

 

Other Incentives

This section covers;

Clearout Event

Consists of a pre-tax cash rebate or a winter tire rebate. 

Owner Loyalty

A 1% rate reduction for current Mazda owners and family members residing at the same address that finance or lease a new Mazda. 

 

Recommend Dealerships

Car Cost Canada collaborates with a huge network of trusted and experienced dealerships. Our mission is to ensure you enjoy the best buying experience and maximize your savings. 

Your report will provide the contact information of a certified recommended dealership along with the salesperson you can reach out to. It’s important to take the report with you to the dealership so that the dealer can work with you to keep negotiations to a minimum and help you get the best deal. Make sure to mention that you are a Car Cost Canada member!

 

Vehicle Pricing

An avid car shopper like yourself isn’t satisfied without the full picture. This report also compares the vehicle’s dealer cost versus its retail price. It touches on the base price, freight, optional equipment chosen, colour, and federal AC excise tax. 

 

Comparable Vehicles

In case you aren’t quite sure about your car choice, don’t fret! We also provide a list of cars in that same price range and with those same features that other shoppers with your buying habits have shown an interest in. 

What do we recommend? Get a report for each of these vehicles and comparison then becomes a breeze!

 

Car Insurance

To top it all off, Car Cost Canada also helps fetch you the best insurance rates. We’ve partnered with Sonnet, a trusted and reliable website that offers home and auto insurance quotes online. After going through a few simple questions, you can get a great quote within minutes. 

 

It’s fast. It’s easy. It’s time. 

Don’t fall prey to that annoying car negotiation process where you leave with an inflated quote.

Get your dealer invoice report and save a ton on your new vehicle. 

Hybrid vs Electric Cars: Help! How Do I Choose?

Ah, the age-old question; Should you invest in a trusty hybrid vehicle or go for a sleek electric car? Your decision is about to become so much easier after this 5-minute read. 

Before we move forward though, we want to remind you about the benefits of getting a dealer invoice report. This free report will be sent to your email in minutes. You can choose any make and model and see how much the manufacturer paid to own the vehicle (MSRP), the financing options, exclusive incentives, comparable cars and more.

So let’s say you’re itching to know the cost of a BMW electric car in Canada, we’ve got you covered! The dealer report makes the whole negotiations process 10x easier! 

Let’s dive in. Below, we highlight the pros of hybrid and electric vehicles, and help you figure out which suits your lifestyle. 

 

HYBRID CARS

Let’s start with the basics. A hybrid car relies on one of many propulsion methods. This essentially means that these cars combine conventional gasoline engines with an electric motor. 

There are 3 kinds of hybrid cars in the market;

 

Parallel Hybrid Cars

The vehicle’s wheels are powered in one of 3 ways; by the engine, the electrified motor or a combination of the two. It is a very affordable option for traffic-laden city drives that call for a lot of stopping and starting. 

 

Range Extender Hybrid Cars

These vehicles leverage their conventional engine to create the electricity that charges the battery. Basically, the car is not driven by the engine; this only exists to power the electric motor. 

 

Plug-in Hybrid Cars

Self-explanatory. This vehicle is plugged into an electric point to amp the batteries. Plug-in hybrids lie somewhere between conventional hybrids and fully electric cars. These can accommodate longer drives (up to 50 km in some cases) as the batteries tend to be larger than those seen in regular hybrids. 

 

Benefits of a Hybrid Car

  • The stop-start system is fuel-efficient 
  • Light in weight when compared to electric vehicles
  • Offers a great combination of efficiency, usability and cost
  • Higher resale value than conventional gasoline cars
  • The gasoline-powered internal combustion engine delivers a longer range and longer journey

 

ELECTRIC CARS

All-electric vehicles have picked up immense traction recently because they are cost-efficient and now, increasingly affordable. EVs utilize an electric motor in lieu of an internal combustion engine. 

Seeing as it runs completely on electricity, there are zero tailpipe emissions, making it an environment-friendly alternative to conventional and even hybrid vehicles in some cases. 

While we’re on the subject, if you’re interested in knowing the invoice price of a Tesla vehicle in Canada, why not get a dealer invoice report? The process is super quick and easy. 

Battery Electric Vehicles (BEVs) are the least complicated of all vehicles seeing as even the simplest of internal combustion engines have a myriad of moving parts. An EV only has its motor. 

And with innovations from Tesla, Nissan and BMW, there are so many affordable options hitting the market for the budget-savvy shopper!

 

Benefits of an Electric Car

  • Provides mechanical simplicity, meaning it will need less maintenance than internal combustion vehicles
  • Offers plenty of instant torque
  • Enjoy near-silent performances
  • Zero tailpipe emissions and no emission testing
  • Better vehicle handling because of the lower centre of gravity

 

THE BOTTOM LINE

A hybrid is a great buy depending on your driving habits and lifestyle. Remember that these have a smaller battery than full EVs, hence they can only accommodate limited distances. 

The biggest factor that separates hybrids and electric cars is the fuel type. While both are energy-efficient, electric cars offer greater fuel flexibility. Moreover, hybrids typically run the owner into all the regular maintenance costs than are seen in conventional internal combustion vehicles; engine oil, transmission fluid, coolant, belt replacements and so on. 

EVs avoid these extra costs, however they naturally still have all the universal expenses like insurance, tyre changes, structural fixes and so on. 

When making your final decision, it’s important to consider your commute, long-term ownership costs, and driving habits.

 

Unsure about electric or hybrid?

It’s time to get a dealer invoice report. You can get a report for any make and model and compare costs; MSRP, financing options, factory incentives, and more. This will make your buying decision much easier. 

Request your dealer invoice report today!

These Exciting 2020 Cars Will Transform Your Driving Experience (and Your Savings)!

It’s about that time, folks. The new year is almost at hand and you know what that means! We’re about to see some sleek, stylish and budget-friendly cars hit the road very soon. 

Automakers are promising to go all out with this incoming class of vehicles. If you’re shopping around for a new ride, why not check out what the new year has in store? Below, we compiled a list of the hottest rides that are fuel-efficient and affordable. Electric vehicles, hybrids and conventional models, there’s a lot to watch out for!

Before we get started, we want to remind you about the amazing benefits of getting a FREE car dealer invoice report. Let’s say you want to know the Toyota Tundra dealer cost in Canada, a car report will reveal the MSRP (Manufacturer’s Suggested Retail Price – how much the dealer paid to own the car). 

You will also see a breakdown of the financing options, factory incentives, lease and finance rates, and recommended dealerships for that make and model. The report helps make the negotiations process 100x easier! 

Without further ado, let’s explore the best new models set to change the game in 2020!

 

2020 Nissan Maxima

Nissan has done it again. The 2020 Maxima is a full-sized sedan that is luxurious, functional and thrilling. Packed with a 300-HP VQ35 engine, it is beautifully crafted with a micro-finished forged crankshaft and high-flow tuned induction system. 

The car boasts of an ergonomically designed shift lever, display commander dial and sport mode button, along with its state-of-the-art NissanConnect navigation system; compatible with Apple CarPlay and Android Auto. 

Available in black and carbon-fibre, car enthusiasts will immediately appreciate the sedan’s quality materials and ideal placement of controls. 

Curious about the price? Get a Free 2020 Nissan Maxima dealer invoice report

 

2020 Hyundai Elantra

This mainstream compact sedan has plenty to offer – without cleaning out your bank account! What’s new? The upgraded continuously variable transmission (CVT) that significantly improves fuel consumption by 3 to 6 kilometres per gallon. The standard safety equipment comes with forward-collision mitigation and automatic emergency braking, lane assist and driver-attention monitoring. 

The Elantra’s base 147-HP engine sure packs a punch and the electrically assisted steering delivers an enjoyable driving experience. All in all, with its emphasis on luxury and generous standard equipment, the sedan is shaping up to be a crowd favourite. 

Curious about the price? Get a Free 2020 Hyundai Elantra dealer invoice report

 

2020 Toyota Prius Prime

Toyota describes this car as  a ‘Hybrid plug-in style model that makes a statement.’ This model has bold colours, striking LED headlights and a unique dual wave rear glass that evens out the airflow. 

With heightened performance and handling, the Toyota Prius Prime boasts of a driver-centric console with soft-touch materials, heated front seating and Qi wireless charging. It is great for a long drive, given the ample storage space to tote around whatever you need. 

The car combines a high-capacity battery with an electric motor to pack a punch. It can achieve a top speed of 135km/hr all the whole delivering seamless acceleration. 

Prime’s EV mode generates zero transmissions and still delivers an amazing performance. You won’t find much amiss with this model.

Curious about the price? Get a Free 2020 Toyota Prius Prime dealer invoice report

 

 Any of These Catch Your Eye? 

Get a Dealer Invoice Report to SAVE Big!

When you select a make and model and request your free report, you will immediately gain access to the following information;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

With this information, you can access certified recommended dealerships and the negotiation process then becomes a breeze. 

What are you waiting for? Save big with your CCC report!

New Car Research is a Drag. Shorten the Process to Just a Couple of Minutes!

You’ll agree when we say; we live in an age of information overload. Even when it comes to researching a car, you probably know by now that there are so many random tidbits of information that need to be accounted for; the price, the make, the model, the financing options, the dealership, whew, just reading that was probably tiring!

Great news! We’re here to fast track the process for you. We also explain why knowing the new car invoice price in Canada is incredibly important. So for example, if you get a new price report on an Acura RDX, you can find out the MSRP (how much the dealer paid to own the car). 

This is a figure that not too many people know about, and as such struggle through the negotiations process. Don’t put yourself through that scenario. Shop smarter with a Car Cost Canada report!

Alright, let’s get started!

 

PRICE

Establishing a budget before shopping around is key. Here are the factors you should pay attention to when crafting a budget:

Trim Level: Each subsequent trim level comes with added features. Going from one to the other can elevate the base MSRP by as much as $1,500. 

Manufacturer Features: Manufacturer add-ons like safety, extra gadgets and so on, can also elevate the base MSRP by at least $1,000.

Fees: Regulatory fees, freight, air tax, PDI among a few, are some of the additional fees that could hike up the price by as much as $2,200 per vehicle. 

Dealer Features: Rust-protection, VIN etching and the likes offered by the dealer will add approximately $1,000 to the base MSRP. 

Sales Taxes: This is a percent of the MSRP and added charges that varies by province and territory from anywhere between 5 to 15%. 

 

FINANCING OPTIONS

Now that you have your budget in place, let’s look at potential financing options!

Car Leases: This is similar to long-term rentals. You will have to make regular payments, usually lasting for 3 – 5 years. You will not own the car once the lease terminates. However, some contracts do offer the option to purchase the vehicle at the end of the term. Such leases are arranged by dealers. Be sure to carefully read the fine print before signing any contracts. 

Car Loans: You can either procure a loan through the dealer or through a financial institution. 

When you go to a dealership, the dealer takes care of the intricacies with the lender whether that is the manufacturer’s financing division, a bank or credit union, or a car financing company. 

When you approach a financial institution directly for credit, you may be able to negotiate a better interest rate, if you have good credit and a good relationship with the lender. 

Rent-to-Own: These are much like car leases where you have to make regular payments for a certain period of time. The difference is that with a rent-to-own plan, you have to make payments directly to the dealership or rental company instead of a credit union or bank. 

 

GET A DEALER INVOICE REPORT

Getting yourself a dealer invoice report is half the battle won. You can choose your model, make and trim level and get your free report in your email within minutes. Your report will show you;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

By getting a dealer invoice report from Car Cost Canada, you can cut down your research by half. This report reveals everything you need to know before approaching the dealer. 

Plus, dealers are more open to negotiating when they see you’ve done your research and have a report on hand. 

Shop smartly and save big on your next car.

Get a FREE Dealer Invoice Report Right Now. 

Buying a Car? Breeze Through That Test Drive the RIGHT Way!

You’re in the market for a new car!

There’s nothing quite as exciting as checking out all the makes and models, narrowing down your list and test driving those final few. As fun as this is, there are certain hitches throughout the process that can trip you up, especially when it comes to that tricky test drive. 

In this article, we navigate you through this elusive art, and also explain why it’s so so SO important to familiarize yourself with the car’s dealer invoice price in Canada before putting down your money.  

A dealer invoice report breaks down the MSRP (how much the dealer paid to own the vehicle), factory incentives, financing options, and more! So for example, if you’re curious about the BMW series 8 dealer price in Canada, a dealer invoice report is your secret weapon to making the negotiations process simpler. 

Without further ado, let’s delve into the different techniques to adopt when test driving your dream car. 

Research, Research, Research

We urge you to read reviews from people who’ve test-driven the same model before, get a dealer invoice report and effectively narrow down your top picks. The last thing you want to do is test drive more cars than you need to. 

Create a checklist that meets your main criteria. When you do your homework, it’s much easier to identify the things you want and don’t want in the car and by default, it becomes easier to identify the things you like or dislike during the drive!

Bring a Buddy

Granted, you may not be a car savant, and that’s okay. Bring along a family member or friend. Even if they’re not as savvy themselves, that extra pair of eyes elevates the chances of noticing something that you may not. 

Plus, they can provide valuable feedback as to what it’s like to ride as a passenger in the vehicle. Inexperienced buyers greatly benefit from bringing someone along as there are many potential concerns that crop up during your negotiations with the dealer that call for added support. 

Inspect the Vehicle

Yes, looks matter! Conducting a visual inspection is as important as getting behind the wheel and giving the car a whirl. What to look for?

  • Make sure the size is optimal, and that the car will easily fit into your garage; break out the measuring tape if you must!
  • Inspect the cargo space and glove compartment; too much or too little will be a problem later on.
  • How about that legroom? The interior space should be sufficient for the driver and front and back seat passengers. 
  • Adjust the seats to see if this can be done quickly and comfortably. 
  • Try out the Bluetooth, GPS and radio to make sure there are no glitches. 
  • Experiment with the buttons and knobs to ensure that everything is accessible and intuitive to use.

Get a Dealer Invoice Report

Now you may be wondering; how is a dealer invoice report vital to my test drive? As it turns out, this handy report is vital to not just your test drive but the entire buying process. Allow us to explain. 

When you select a make and model and request your free report, you will immediately gain access to the following information;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

With this information, you can access certified recommended dealerships and the negotiation process then becomes a breeze. 

A majority of dealerships make a profit of 8.7% on selling a new vehicle. When you know the MSRP, follow the 3-5% rule – add 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price!

Test driving is nothing by itself if you don’t get a good price without breaking your budget, right? Right! That’s why we encourage you to get a free report today – no matter the make and model you have in mind, we got you covered. 

We’re here to help. Request your free dealer report right now.

Embrace the Electric Invasion: Top 3 Electric Cars That Are Stylish and, Yes, Affordable!

Thinking about going electric but still have…qualms? 

Like many interested eco-shoppers, the biggest hurdle to buying an electric vehicle for you might be the cost! There’s hope yet! With the trend of battery technology prices falling rapidly, experts predict that the average price of an EV might soon be at par with conventional fuel vehicles come 2024. 

We’ll do you one better. To make your shopping experience easier, we’ve gone ahead and shortlisted the top 3 most affordable electric cars in Canada. If, for instance, you’re looking for the cost of an electric BMW car in Canada, read on to know how a dealer invoice report can fetch you your dream price without the hidden fees!

 

2019 Nissan Leaf

With over 400,000 models sold worldwide, the Nissan Leaf is the best-selling electric car of all time. Owners can expect a spacious cabin, impressive cargo capacity, composed handling and lively acceleration. 

The standard trim level offers over 240 kilometres while the Leaf Plus offers over 360 kilometres on a single charge. The car doesn’t skimp out on its added features. A 5-inch infotainment system with satellite radio and Bluetooth are available with the standard version. The Leaf Plus fetches you add ons like suede upholstery, an 8-inch display and forward collision alerts. 

 

2019 Hyundai Ioniq Electric

This is hailed as Canada’s favourite electric car, with its powertrain designed to offer a truly memorable ride. On just a single charge, the formidable Ioniq can reach 200 kilometres and produce zero emissions! Speaking of charging, the car takes about 4 ½ hours to reach full charge with a 240-volt charger. 

Owners can enjoy a 7-inch touch screen display, Apple CarPlay and Android Auto compatibility, HD Radio, heated front seats and much more. 

Although some users have found the backseat space to be a bit cramped, especially for passengers that require the extra legroom, the Ioniq doesn’t fall short on impressive cargo capacity and peppy acceleration. 

 

2019 Tesla Model 3

Now you may not have guessed that Tesla would make it to this list, but as it turns out, the company is attempting to competitively price their vehicles to save face in the midst of their stellar rivals. 

The Model 3 boasts of an elegant and futuristic cabin that seats five passengers and doesn’t skimp out on the cargo volume. Users will find it lavished with state-of-the-art technology, a 15-inch touchscreen display, over-the-air software updates, Wi-Fi hotspots, side collision warning and more. 

Given its phenomenal acceleration, athletic handling, and impressive efficiency, this model definitely makes it a great buy for budget-savvy shoppers. 

 

Don’t Pay Full MSRP. 

Find Out the Dealer Cost on Your Electric Vehicle!

Sure, these cars are super affordable. But how cool would it be if you could elevate your savings even more? With Car Cost Canada, that isn’t just a pipe dream. Get a dealer invoice report for any make and model. Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

Car negotiations don’t have to be a hassle when you know how much the dealer paid to own the vehicle. 

Save big! Get your Free report right here. 

How to Get Out of a Car Lease Early (Without Paying Penalties)!

There’s nothing quite as exciting as driving your new car off the lot. But sometimes, you may have a change of heart and want to trade that sports car in for something more affordable. If you’re on a lease, can you still break it after signing the agreement, disclosure statement and insurance forms without facing any penalties?

Yes, you can! In this article, we explain how to break a car lease in Ontario. We also reveal how a car dealer invoice report from Car Cost Canada can help you get your next car at an affordable price, with a lot more financing choices than just leasing!

Transferring the Lease

This is the simplest and most well-known way of breaking a lease ahead of time. You can opt to transfer it to a third party firm. A majority of leasing firms do allow for the lease to be transferred to another individual, however, there might be certain caveats. For example, you may be legally tied to the contract, meaning if the other individual defaults in paying on time, the onus falls on you to shoulder that liability. 

Moreover, transfer fees might apply, some of which go as high as $500. Bear in mind that the downpayment on the lease and the vehicle’s mileage might also require you to sweeten the pot by reducing payment amounts for the new lessee, which can go as high as $5,000. 

Trading or Selling the Car

You can also purchase the car from the lease company whenever you like, resulting in an premature buyout. This is an excellent tactic to get out of your lease, especially if you already have a buyer for the vehicle.

Make sure to undertake all dealings with the leasing firm and not the dealer. First things first, find out how much the buyout figure is. The leasing company owns the car, so if you go through a delaer you’re unnecessarily adding a middle person into the mix. 

The payoff figure may include an early end-of-lease fee which could range anywhere from $200 to $6,000. 

Asking the Lease Company to Offset Payments

If you’re in a contemporary financial pickle and need a couple of months to regain your footing, it’s better to communicate that with the lease company rather than directly opting to terminate the lease. 

There are quite a few companies that are willing to waive payments for a period of time. In certain cases, they may choose to reduce your monthly payments or suspend them for a while. Naturally, you will have to make good on the balance at a future date, but it’s still a great way to avoid penalties. 

Looking to Buy a Cheaper Ride? Need More Financing Options

Get a free dealer invoice report! A dealer report generates the price the dealer paid for the vehicle as opposed to the MSRP which is marked up, sometimes substantially. The report reveals the dealer price as well as the incentives you may be eligible for. 

What will the report contain?

  • The MSRP (Manufacturer’s Suggested Retail Price)
  • Factory incentives
  • Leasing and financing options
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles
  • Great car insurance deals

Most dealers readily accept the report. When you present the information on paper you may avoid a pesky negotiation process.

Request your free report right here!

Buying a New Car as a College Student? Here’s How to Stay Within Budget!

College is an exciting and challenging time. Between 7 am classes, tons of homework and, whew, student loans, you have a lot of your plate. But now you’ve decided to invest in a new car so you can travel faster and more conveniently. That’s great news! Naturally, you want something that stays well within budget.

Buying a new car is a phenomenal experience. Well, actually, owning a new car is a phenomenal experience. Buying one? Not as much. 

We understand that you’re super new to this and need a little help. If you’re curious about, say, the price of a Honda, Car Cost Canada has got your back! This article helps you simplify the negotiation and reveals how you can find out the invoice price on your new car in Canada in a matter of minutes!

Like most new car buyers, you might be wondering; just what is the invoice price of a car? The invoice price or dealer cost is the sum of money paid by the dealership to gain ownership of the car. It includes the cost of the base model and all add-ons. The figure is typically much lower than the advertised figures, the latter of which is referred to as the MSRP (Manufacturer’s Suggested Retail Price).

When you shop smart and get a car dealer invoice report, you can skip the MSRP and pay a much lower fee.

Check the Age of the Car

When shopping around for a new ride, go for a model that’s less than 8 years old.  You’ll need a car that has easily available parts that do not call for frequent replacements. 

When you approach the dealers, make sure you have someone with you who is experienced in purchasing cars. Certain salespersons might deceive new buyers about the state of the motor vehicles. 

By taking an experienced person with you, you’re enhancing your bargaining power and the likelihood of getting the best value for your money. 

Set the Ground Rules

Do your research on the car you have in mind before you set foot into the dealership. Instead of dropping by the dealers and letting the salesperson sway your opinion, tell them you already have a vehicle selected. Convey the trim level and add-ons that you wish to invest in, keeping in mind the price for that configuration. 

When the salesperson senses you’re a novice who doesn’t have a specific model and trim level in mind, they’ll pull out all the stops to get you to invest in expensive and unnecessary add-ons. 

Reassure them that both parties are emerging from a mutually beneficial deal, and ask if they’re willing to match your target price. If not, don’t be afraid to tell them that you’d prefer to go to another dealership. When they see you’re willing to let the deal fall through, they are all the more likely to be open to reason. 

Purchase At the End of the Month

Business slows down at the end of the month and most salespersons are looking to make one final sale. It stands to reason that they’re more amenable and willing to be open to your negotiation tactics. If you want to go one better, try buying your car at the end of a quarter – March, June, September or December. This will help you save even further. 

We suggest shopping for the car early in the month and actually buying it much later, meaning get the test drive done early and narrow the list when the month is closing up shop. 

Access Great Rebates With a Free Car Dealer Invoice Report

A dealer invoice report is honestly every college student’s best friend when car shopping. This report is meant to provide a breakdown of all fees, including the hidden car fees that most people aren’t aware of. That way, you will know exactly how much you’re paying for that trim level and how to negotiate smartly. 

Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives and rebates
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

A majority of dealers turn a profit of 8.7% on selling a new car. When you’re aware of the true MSRP, you can follow the 3-5% rule – meaning you can add about 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price. 

 

At Car Cost Canada, you can have your cake and eat it too. Get a great car at your dream price. 

Your report is ready and waiting! Get it here. 

Budgeting For a New Car? Don’t Overspend, Follow These 5 Easy Steps!

Buying a new car is such an exciting experience. But wait, it isn’t just about cruising down to your local dealership and picking out your next ride. The first step? Budgeting! The main hitch that most novice car buyers face is that they assume the price instead of actually crunching the numbers. 

Naturally, this leads to spending more than bargained for. To avoid this scenario and make sure your next car fits seamlessly into the budget, it’s important to know the dealer invoice price in Canada. Moreover, let’s say you’re shopping for an Acura, Car Cost Canada can help you access great rebates and incentives, and save you the hassle of negotiation.

Without further ado, let’s explore 5 tips to ensure that you don’t break the bank with your next ride!

 

  1. Calculate Your Monthly Expenses

Before delving into your new car purchase, gather your most recent credit card statements; mortgage, utility, cell, and internet bills. Bifurcate all monthly expenses into two sections; fixed and variable. The former should include those that involve a flat unwavering figure; rent, whereas the latter includes items like your grocery bills that change from one month to the next. 

  1. Take Into Account Your Disposable Income

From your monthly income subtract your total expenses. Then decide how much of this figure is disposable and how much you want to put away for a rainy day. A great rule of thumb is to not spend over 10% of your household income on a single-vehicle. In the end, the amount you splurge on your car wholly depends on the breadth of your other expenses. 

  1. Familiarize Yourself With Ownership Costs

There’s a difference between how much you can spend and how much you should spend. Car ownership fees include insurance, financing, maintenance, fuel, and depreciation. This can roughly amount to $790 every month. 

The biggest strain on your wallet will be depreciation. In fact, it is estimated that a car depreciates by as high as 30% the moment you drive it off the lot. Fuel, interest, and insurance follow close on the heels of this expense. Once you’ve tabulated ownership costs, it’ll be easy to narrow down your options to cars that can stay within budget. 

  1. Consider Future Costs

If you’re looking at a long car loan, remember that your financial situation in the future will be somewhat constrained. Take into account other expenses like rent that may increase in the future, making it tricky for you to afford your car payments. Since this can divert your budget in a big way, it’s best to factor them into your current disposable income. 

  1. Get a Free Dealer Invoice Report

The last and final step is to get a free dealer invoice report. Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

A majority of dealers turn a profit of 8.7% on selling a new car. When you’re aware of the true MSRP, you can follow the 3-5% rule – meaning you can add about 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price. 

It’s simple! Choose your make and model and see a complete breakdown of all fees. 

Get a FREE dealer invoice report in your email within minutes.