Hopes Surge For Tesla Enthusiasts As Electric Vehicle Incentives Become More Prevalent

Ever asked a Tesla owner what it feels like to own one? Being insanely happy and satisfied with their car is what a true Tesla aficionado would say.

To own a brand like Tesla gives some people a sense of thrill and for others is an eco-friendly option coupled with a sense of luxury and accomplishment. Canadians are no different! Tesla as a brand has managed to generate high levels of awareness and consideration amongst Canadian car enthusiasts. And, it is interesting to see how the excitement unravels for electric cars like these in the market with time.

Which brings us to good news for all Tesla fans. Buying electric cars is now going to be cheaper, thanks to the Canadian Government for the decision to boost electric vehicles on the road by covering them under incentive programs. This program includes a range of electric vehicles and not to forget – the Tesla Model 3. If you are eyeing the Model 3 for long and researching the new car deals in Canada, now is the time to invest in one.

 

Why are electric vehicles incentivized in Canada?

The plan to incentivize is a result of the governments’ aim to encourage Canadians to support practical, affordable, and eco-friendly solutions to face the issues associated with climate change effectively. It is an important milestone for the Government to initiate a solution in this direction that will help to reduce the amount of greenhouse gas emissions due to transportation

With this program, consumers will be entitled to a number of buying/leasing incentives depending on the eligible car make. And amongst the list of electric vehicles and plug-in hybrids, Tesla Model 3 is one of them.

 

What does it mean for current and potential Tesla owners?

According to the electric vehicle category, individuals purchasing an EV with a base MSRP under $45,000 will be entitled to receive a $5,000 rebate. Towards this, the following Model 3 configurations qualify for this federal incentive:

  • 2019 Model 3 Standard Range with the qualifying MSRP before centre fees and EV savings: $44,999
  • 2019 Model Standard Range Plus with the qualifying MSRP before centre fees and EV savings: $53,700

These incentives come in addition to the current $8,000 and $5,000 incentives offered in Quebec and British Columbia, respectively.

So, if you are planning to buy an electric car this summer, now is the best time to catch hold of the Tesla Model 3. Not only does it comes with the government-backed benefits now but this in-demand vehicle comes with all the features every Tesla lover would desire with the addition of a lower price tag.

 

How will a Tesla customer receive this incentive?

Such purchase incentives will be exclusively applied at point-of-sale – dealerships or online for one purchased or leased after May 1, 2019. For this, the dealership will be responsible for ensuring that the documentation is in place for you in order to obtain the benefit.

 

What makes Tesla so attractive to buyers?

  • The first and foremost reason why Tesla is the car everyone longs for is due to the embodiment of modern design and aesthetics backed with high technology features that can be updated via a simple software update just like a smartphone.
  • Tesla models have shifted focus to affordability and this will continue over the years to come.
  • They are one of the simplest cars to operate with almost no noise
  • They can reach high speeds in a matter of a few seconds, making them a head-on competitor for most luxury sports cars in the market.

Buying an electronic vehicle, such as a Tesla can be a very tough decision to make. The initial price may sway people, however, it’s an investment you will get your money’s worth from. Finding the right dealer, the best price, and the add-on incentives is essential to the buying process.

 

Car Dealer Invoice Reports: Finding You The Best Tesla Deals

Buying a Tesla is itself an experience worth participating in. To add on to this, a dealer invoice report breaks down the essentials you need to know before opting in for this experience and ensures that it is a memorable one by:

  • Choosing the best deal for you through a granular price comparison between different makes and similar electric vehicles
  • Breaking down the financials and leasing options that will best suit your requirements
  • Providing information related to the advertised as well as non-advertised incentives that you might be eligible for
  • Recommending you a partner Tesla store provider in order to deliver the promise of high quality and maintenance services

 

Get the best buying advice, pricing guidance and know more about the special incentives for your next Tesla Model 3 with a CarCostCanada report.

Out With The Old, In With The New: How Buying a NEW Vehicle Can Benefit You!

“Should I buy new or used?”

 

The age-old question when it comes to purchasing a vehicle. While there is no right or wrong answer as it comes down to every individual’s unique situation and needs, a vehicle is one of the largest assets one purchases, ergo, vast research is required prior to setting your heart on a car. While used vehicles boast lower initial costs, new vehicles come with various benefits that can actually save you money in the long run. Whether you are in the market for your very first car or looking to ditch your current vehicle for something new, buying a new vehicle can benefit you in more ways than one.  Although new vehicles are more expensive initially, they provide a great payoff for your driving needs and with our Dealer Invoice Report, you can save big on the cost of a brand new vehicle!

With that being said, what are the perks of buying a brand new vehicle?

 

No hidden issues, all new parts

 

When purchasing a new vehicle, you are the first owner meaning that no wear and tear has been done to the interior or exterior of the vehicle prior to you driving it. All the parts are brand new and thoroughly inspected by the manufacturer and the dealer, in sum, what you see is exactly what you get. Whilst most used vehicles pass safety standards and are in relatively good condition, there can be hidden issues that a previous driver didn’t disclose which could lead to issues soon down the road.

 

Being the first driver of a vehicle gives you peace of mind knowing that there are no hidden issues in regards to the performance and quality of the vehicle and all of its parts.

 

More bang for your buck?

 

When comparing new vehicles to used vehicles, it’s appropriate to assume that purchasing a used vehicle is the cheaper route, however, that is not the case in every situation. Piggybacking on the aforementioned point, new vehicles = new parts which means that the chances of issues arising are less than that of a vehicle with older, used parts. How does that translate to fewer costs? Simple – fewer trips to the mechanics.

 

Another way a new vehicle can actually incur fewer costs over time is in relevance to fuel economy. Over time, a vehicles fuel economy will decrease. You may notice that after a few years, your tank isn’t getting you quite as far as it used to. With that being said, a new vehicle will boast it’s optimal fuel economy, whereas a used vehicle may have dropped a few percentiles from its initial fuel abilities.

 

Still on the topic of costs, insurance is another key component to note and an extremely important one as everyone is required, by law, to possess auto insurance. Your insurance costs are contingent on a number of factors including; age, location, license class, current safety of vehicle model, and driver/accident history. A vehicle that has been involved in a motor vehicle accident previously may impact your premiums if you plan on purchasing it, regardless of the fact that the accident had no correlation to you. As the first owner of a new vehicle, you can rightly assume that there were no prior accidents that could cause your monthly rates to soar!

 

Out with the old, in with the new

 

There comes a time where we may have to make a decision to part ways with our beloved vehicle and while the thought of purchasing a new vehicle thereafter is exciting, there is one thing you have to deal with first – the old car. Whilst some keep their current vehicles, utilizing them as certain season vehicles or perhaps handing them down to a relative, others want to allocate funds from said vehicle towards the purchase of a new vehicle. It’s no secret that vehicles depreciate over time, even those that are well-maintained. With that being said, it’s important to keep in mind how long you plan on having your vehicle. If you purchase a 2019 vehicle and plan to sell it in 5 years, you will get a significantly higher offer or trade-in value than that of a car 5 years it’s senior. Whilst most people aren’t thinking about their next vehicle while in the process of purchasing a new vehicle, it’s important to keep in mind the value of the vehicle down the road, should you want to sell or trade-in.

 

Features, features, features

 

Infotainment system, back-up camera, heated seats, heated steering, navigation, park assist, lane departure warning – the list of features available in new vehicles goes on and on! Albeit, these features come down to personal preference; some prefer a simpler vehicle whilst others want all the features included. Most new vehicles come equipt with an array of features, even the base models. These features are included in the cost of the vehicle.

 

Whilst there are older vehicles that have some of the aforementioned features, such as heated seats, they typically do not possess the more technically advanced features. Should you purchase a used vehicle and decide down the road you do want these features, adding them on can be costly! If you want a vehicle loaded with features, a new car is the best route to take.

 

Choosing between a new or used vehicle comes down to the factors listed and personal preference/needs. Although new vehicles boast a plethora of benefits in a majority of situations, used cars can be a great option if;

 

  • You are a first-time driver, not 100% confident in your driving abilities
  • You are looking for a classic/specific model/make
  • You are looking to heavily modify the vehicle (a fixer-upper)

 

It’s important to do a good level of research prior to making a purchase to ensure you get the right vehicle for your individual needs.

 

Ready to get behind the wheel of a brand new vehicle? Contact us today and we will help you save thousands on your new ride!

Lease? Finance? Buy Outright? What’s the Best Way for ME to Buy a Car?

A vehicle is one of the largest purchases one makes, ergo, a significant amount of research should go into every aspect. From the make/model you have your heart set on to interior features to the total price of the vehicle; there are many factors that contribute to building, pricing, and purchasing the best vehicle for your needs. Because vehicles are a large investment, dealers, and banks alike, offer various payment options to suit your lifestyle. Leasing, financing, or purchasing a vehicle outright are the methods offered by the dealers when it comes to payment. Figuring out how you want to proceed with pricing will help you get that much further in purchasing your desired vehicle. Our Dealer Invoice Report can also help you ensure that, no matter what payment method you choose, you are getting the best deal on a new vehicle that Canada has to offer!

 

What are the differences between leasing, financing, and purchasing a vehicle outright?

 

All of these methods vary significantly to help suit the needs of as many individuals as possible. The key differences pertain to ownership of the vehicle and term payments.

 

Financing; albeit, the most popular means of paying for a vehicle, financing offers a good level of flexibility. Financing encompasses paying for the total price of the vehicle in denominations over a selected term. By the end of the financing term, you have complete ownership of the vehicle.

 

Leasing; leasing is a popular option for those who like to upgrade their vehicles frequently and aren’t doing copious amounts of driving. Similar to financing, leasing requires weekly, bi-weekly or monthly payments owing to the balance of the total lease. The main difference between financing and leasing is ownership; when leasing, you do not own the vehicle.

 

Buying outright; buying a vehicle outright is not as common as leasing or financing and is typically done when the cost or age of the vehicle does not meet the requirements of leasing/financing (more specifically, used vehicles). Although purchasing a brand new vehicle outright is not done as much as financing or leasing, it is the easiest method of payment as a surfeit of background checks (credit, employment, etc) are usually not required.

 

Is it a good idea to buy a car on finance?

 

As mentioned previously, financing is the most popular method of purchasing a vehicle. Financing a vehicle possesses the best attributes of leasing and buying outright, simultaneously; owning the vehicle whilst being able to pay in smaller sums. If you are planning on keeping your vehicle long-term, do a significant amount of driving, and don’t have the cash to pay in full (or the desire to part with such a hefty amount of money in one shot), financing is a viable option for you. Financing a vehicle also allows for more leeway when adding features to your vehicle. For example, if you wanted to add a sunroof to your vehicle, it could run you anywhere from $500-$2,000, however, when financing, you can discuss adding this feature to your vehicle at the time of purchase and break apart the cost. Instead of paying thousands outright, the cost of the upgrade is spread across your term, ergo, your sunroof will cost you a few extra bucks a month.

 

It’s important to note that financing comes with an interest rate contingent on your credit score, thus, you will be paying more for the vehicle that you would if you were buying outright. If you have excellent credit, expect interest rates to be on the lower, however, if you have poor or no credit, you could be paying upwards of 30%. It’s important to review your score to see what interest rate category you fall into. Our Dealer Invoice Report also aids with financing to help you get the lowest interest rate possible for your individual situation.

 

How does financing work? Financing can be a relatively easy process provided you have all the key information you need. The dealer will show you various payment terms based on the vehicle of your choice; the longer the term, the lower the weekly, bi-weekly, or monthly payments and vice versa. A typical term is 5 years or 60 months, but can be shorter or longer depending on your financial state and the year/make of the vehicle. The dealer will then require your financial information (credit score, credit history, letter of employment) and determine your interest rate based on these factors. Once the term, payments, and interest rates are worked out, you can opt to add any upgrades. When you obtain the vehicle, you are required to make your payments until the term is over, however, at any point, you can contribute money to lessen the term period or monthly payments. Giving a down payment can also lessen the monthly payments.

 

Pros

  • Payment terms and prices are flexible; you can opt for a longer term with cheaper payments or a shorter term with higher payments depending on your preference
  • Allows you to get a higher priced vehicle, if desired, without having to fork out a lump sum of cash
  • Upgrades can be added for low monthly payments

 

Cons

  • You are locked into a contract and failure to pay could lead to the loss of your vehicle
  • Loans typically come from the bank, meaning you are taking on a debt
  • The interest rate is added onto the full cost of the vehicle, depending on your credit score, it could amount to a significant increase in cost

 

Is it a good idea to lease a car?

 

Leasing is not as popular as financing a vehicle, but it does pose a lot of benefits. Similar to financing, leasing requires weekly, bi-weekly, or monthly payment for a fixed term, however, you are not the owner of the vehicle. You will be required to turn over the vehicle at the end of the lease or in some cases, the dealer may offer incentives for purchasing it post-lease. Leasing is a viable option for those who like to upgrade vehicles frequently as you are not fully committed to the vehicle. Most people lease for a 1-3 year period and upgrade thereafter.

 

If you are a city dweller and don’t typically do a lot of driving, leasing is a good option to consider. When leasing a vehicle, you are given a set amount of kilometres per year (extra charges apply should you go over) – if you do a small amount of driving, this shouldn’t be an issue. If there are any problems with the vehicle, they are typically covered by the dealer leasing you the vehicle (restrictions apply).

 

How does leasing work? Just like financing, the dealer works with you to find a term and payment plan based on your financial state and your desired vehicle. The cost is calculated based on the time frame and predictive depreciation of the vehicle; for example, if your lease term is 3 years and the car is expected to depreciate by 30% over the next 3 years, you will be paying for 70% of the vehicles total cost. Once your lease is over, you can opt to lease another vehicle or work with the dealer to purchase the vehicle you have been leasing at a lower cost.

 

Pros

  • You can upgrade your vehicle regularly without having to purchase in full
  • The rates are typically cheaper than those pertaining to financing
  • You don’t have to worry about selling/trading a vehicle when you are done with it

 

Cons

  • You do not own the vehicle, meaning you have to be especially cautious
  • You are given a fixed amount of KMs and if you go over them, the costs are high
  • Most leases aren’t offered past 3 years, meaning you have to commit to upgrading or purchase a vehicle thereafter

 

Is it a good idea to buy a vehicle outright?

 

Purchasing a vehicle outright is the most straightforward and easiest process out of the three, however, the issue with this is evident – if you don’t have the cash, you cannot buy the vehicle. Buying a vehicle outright minimizes the need for extensive paperwork (obtaining employment information, credit history, etc). Because you are not borrowing the money, the dealer is under the assumption that you accept the responsibility for the full payment, thus, credit history and other financial information is not required.

 

Purchasing a vehicle outright allows you to forego interest payments which will save you money in the long run. Our Dealer Invoice Report also contains cash incentives that can lower the price of the vehicle even more. Most dealers will accept our cash incentives with no issues because they are guaranteed to be paid on the sale. If you have the means to pay for a vehicle outright and don’t want to be locked into a debt/contract, consider doing so.

 

How does purchasing a vehicle outright work? This is the simplest of the methods and doesn’t require much. Discuss the model/make of the vehicle you want and bring forth any cash incentives you are eligible for. The dealer will then work out the best possible price, factoring your Dealer Invoice Report, incentives, desired add-ons, warranty, and taxes. Once you sign and make the payment, the vehicle is yours!

 

Pros

  • You are not locked into a contract nor do you acquire a debt
  • You forego the interest rates that come with financing
  • You fully own the vehicle; there is no worry about not being able to make the payments as there are none associated with the physical cost of the vehicle

 

Cons

  • Most new vehicles cost tens of thousands of dollars which can be difficult to pay all at once. You have to ensure you, not only have the funds to pay the full cost but doing so will also not leave you with nothing
  • If you want any add-ons or upgrades, these will have to be paid in full as well, either at the time of purchase thereafter
  • You are responsible for selling or trading the vehicle if/when you decide to do so

 

Deciding how you want to go about paying for your vehicle is contingent on your desire to own, your current financial state and how much you drive. Regardless of whether you want to lease, finance, or purchase outright, our Dealer Invoice Report can help you save thousands on your new vehicle!

 

Have you found the vehicle of your dreams? Contact us today and save big on the car YOU want!

2019 Car Infotainment Features That Will Forever Change the Way You Drive!

In 2019, the infotainment system in your car is as indispensable as the steering wheel. No, that’s not really an exaggeration!

The word “infotainment” is sometimes carelessly thrown around without preamble. So let’s first address; What does infotainment system mean?

In the automotive industry, an infotainment system (or In-Vehicle Infotainment -IVI) refers to in-car technologies that bridge the gap between entertainment and information for the driver and passengers. These typically include audiovisual interfaces, touchscreens, keypads, and the likes.

These systems have tremendously evolved since their inception, and though many people assume that this is a relatively new technological advancement, in reality, the first modern infotainment system as we’ve come to know them today was created as far back as 1980!

Buying a car with an infotainment system in Canada takes some doing. There are so many aspects that come together to make the magic happen; internet connectivity, smartphone compatibility, advanced driver assistance features, real-time traffic announcement broadcasts – and that’s just the tip of the iceberg.

Below, we’ve shortlisted the most sought after infotainment features in 2019 and the cars that epitomize these features to the max!

 

Apple CarPlay Connectivity

Any person who owns a smartphone in the 21st century can sympathize with this cause! By its own admission, Apple CarPlay is a smarter and safer way to connect your iPhone to your vehicle. This savvy feature lets you interact with your phone’s entertainment services through the vehicle’s in-built display.

In 2019, over 100 million people in North America alone own an iPhone. It’s easy to see why the automotive industry has gone all out to integrate this particular feature. An uninterrupted and user-friendly in-car iPhone connection is the golden ticket as far as most drivers are concerned. With Apple CarPlay, you can now make calls, receive and send messages and stream music seamlessly without ever having to take your eyes off the road.

Our Top 3 Picks With Apple CarPlay Connectivity

 

Android Auto Connectivity

Android isn’t about to relinquish the reins to its counterpart just yet. Android Auto ensures a smooth and seamless connection between your phone’s OS and the car. It comes with a sleek and intuitive interface, integrated steering wheel controls and phenomenal new voice actions.

And just like Apple, its primary focus is to reduce on-road distractions, especially in light of Ontario’s updated distracted driving laws in 2019 that penalize drivers for taking their eyes off the road to interact with a handheld device.

In order to make use of this feature, your phone will require an OS that runs at 5.0 (Lollipop) or higher. With Android Auto, you can interact with your phone’s maps, messaging, radio and music features at just the click of a button.

Our Top 3 Picks With Android Auto Connectivity

 

Navigation System

Scoring a car with a reliable and regularly updated GPS system isn’t a negotiation but a necessity. While en route, you expect your car to generate quick directions in real time, decipher the fastest route, inform you of changing traffic patterns while also taking into account certain driving preferences.

Depending on the brand, you can invest in add-on GPS packages that further simplify travel and navigation while implementing accident prevention assistance. It is estimated that road conditions in North America change by about 15% every year. You should be able to bank on a system that grants you updated access to millions of miles of roads, highways, streets, signages, traffic conditions, points of interest, restaurants, etc.

The reason we’ve decided to cover this aspect is due to the fact that a common question we get asked is, “Which car has the best navigation system?Innovative GPS systems come part and parcel with the following 2019 vehicles.

Our Top 3 Picks With Powerful Navigation Systems

 

Entertainment Services (Audio + Video)

An infotainment system won’t hold much water if it’s doesn’t have a cutting edge audiovisual interface. Ideally, this should offer a wide suite of connectivity services to access your favourite music, radio shows, and podcasts. It should also offer standard features such as being able to double up as a Wi-Fi hotspot, seamless touchpad controls and some form of rear-seat entertainment to boot.

 

Which car has the biggest touch screen? The all-new 2019 RAM 1500 has a whopping 12-inch touchscreen display. This is second to Tesla’s behemoth 17-inch display.

Another instrumental feature that aids your car’s infotainment is the acoustic system. Bose, Bang & Olufsen and Harmon Kardon are the three leading manufacturers of in-car speakers that deliver crisp, clear and three-dimensional surround sounds.

Below, we answer the most pressing question yet; What cars have the best factory sound system? The brands that deliver phenomenal acoustics in 2019 are Audi, Ford, and Lexus.

Our Top 3 Picks With Innovative AudioVisuals

 

Infotainment Systems in 2019 Are A Whole New Ball Game

Before you buy your next car, get a free dealer invoice report. That way you’ll be getting the best infotainment features while still saving thousands and thousands of dollars!

Exclusive rebates and certified dealerships are only a click away.

Your dealer invoice report is ready and waiting. Get it here.

 

Buying Your Very First Car? Avoid These Mistakes Made by 92% of New Buyers!

Congratulations! 2019 is the year you’ve finally decided to quit taking public transit and walking in the cold climates Canada has to offer and get your new car. This is as exciting as that time you graduated high school or landed your first paying job!

After doing tons of research, you’ve settled on a make and model and can’t wait to take to the streets. Before you put your money down and complete the transaction, tarry a little. You’re not quite finished with the research process just yet.

Are you aware of the common dealer traps that new buyers often fall victim to? Have you located the best new car deals in Canada? If not, don’t ruin your first-time buying experience with inadequate research. Save yourself a world of trouble by reading this article instead!

 

Breaking Your Budget – And Then Some!

The most pressing question for first-time car buyers is, “How much should your first car cost?” The best way to proceed is to set your budget at no more than 20% of your annual salary. For instance, if you make $85,000 per year, your budget shouldn’t cross over $17,000.

A common trap set by dealers is to catch new buyers unawares by drawing their attention to the monthly payments rather than the total cost. If you’re wise to this tactic, it’s easy to stick to your original plan. Remember that it’s not just the capital cost that you have to budget for but also the insurance, fuel, licensing fees and so on.

 

Ignoring Your Intuition

Some dealers may not have your best interests at heart. If you feel that yours is constantly trying to get you to splurge over and above what you’ve expressed an interest in, it might be time to look elsewhere. When your sixth sense is telling you otherwise and the transaction begins to go south, don’t compel yourself to get the car just because.

Going to another dealer might mean more cordial services and honest and consistent pricing solutions.

 

Assuming That Test Driving Is Just a Fool’s Errand

First things first. Is it better to buy a new car or a used car? Bear in mind that a new car depreciates by about 20% as soon as it exits the lot. If a budget isn’t your primary focus then it makes sense to purchase a new vehicle. A used car, on the other hand, will be 20-30% less expensive even if it is just a year old, however, there may be existing issues with a used vehicle that will cost you more in the long run. 

Once you’ve made a decision on whether you want to buy a new or used car, the next step is to give it a whirl. While the car you have in mind might have the right features, it could still make for a less-than-comfortable drive.

The only way to know what you’re getting into for sure? Test drive like you mean it! Another dealer trap is for dealers to coax you to take a pre-decided route on your drive – a route that no doubt offers the least amount of challenges in the way of road conditions. If you are familiar with the area, choose your own route – preferably something that incorporates highways and streets.

 

Thinking That Walking Away Equates to Defeat

Many car shoppers ask, “Can I buy a car in one day.”  You certainly can but it’s extremely ill-advised. If for whatever reason, you are keen to complete the transaction in a day, you can do so online to speed things up. There are many perks to taking your time with the purchase, not the least of which are allowing yourself time to research, test drive the car of choice, and walk away from an unsavory deal. That way, you can completely skip that dreaded post-purchase buyer’s regret.

Walking away from a deal ties in with listening to your intuition. If you find the dealer being excessively pushy and not meeting you halfway, it’s time to walk. Cue the third dealer trap. Dealerships will attempt to sell you on an extended warranty in the hopes that you’ve forgotten that new vehicles come with a bumper to bumper warranty.

If you intend on retaining the same vehicle for a long time and using a lot of miles, then an extended warranty might be up your alley.

 

Not Acquiring a Dealer Invoice Report

Perhaps the most grievous mistake of them all – failing to ask for a car dealer invoice report from a reputed agency. Just as with any large investment, it’s important to consider multiple offers from different dealers so that you can negotiate for the best price.

Additionally, you’ll want to get your hands on the latest rebates, certified dealerships, best add-ons, and the deals that other people in your area have gotten.

A car dealer invoice report reveals the actual amount paid by the dealer to own the car. That way, when you’re haggling for a good deal, you won’t have to pay the full MSRP. And when your dealer senses you’ve done your due diligence, they are that much more likely to be cooperative with your negotiation tactics.

A dealer invoice report enables you to decide on a great bargaining figure. A majority of dealers turn a profit of 8.7% on selling a new car. When you’re aware of the MSRP, you can follow the 3-5% rule which is adding about 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price.

 

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New Car Buyers Guide: What is MSRP?

When it comes to purchasing a new vehicle in Canada, the process is relatively simple. You walk into a car dealership, inquire about your favourite models and makes, take some test drives,  and begin the negotiation process to get the best price for your investment.

The conversation typically starts at a price point set by the dealership and from there, the buyer will proceed to explain their budget so that the dealership can find a more suitable price for the both of them. The goal of the dealership is to make maximum profits whereas customers are looking for the best deal for their money. For those that have not gone through this process, this can be a challenging point as to what range you should provide the dealer, which is why understanding the definition of the MSRP and how you can leverage tools such as a dealer invoice price for comparison which can be instrumental to getting a good price.

Keep reading to learn more about the difference between the MSRP and a dealer invoice price:

 

What is MSRP?

MSRP stands for the manufacturer’s suggested retail price, which is exactly what it sounds like. Once the vehicle is manufactured, they put together a list of costs associated with the makeup of the vehicle along with any creative and design aspects. They recommend this price that includes the sales efforts and markup, encouraging all locations to have similar price points so that it can be standardized across the board.

This would be more or less the price that dealerships promote, adding on any discounts or additional markups. Understanding the MSRP is often negotiable will allow you to find the range to start the conversation from.

 

What is a Dealer Invoice price?

A dealer invoice price is a price that the dealership is invoiced for the vehicles that they sell. This is often the cost to the dealership, so a subsect of the MSRP. The amount is the direct materials, labour, and overhead associated with the vehicle and this becomes a charge to the dealership when they purchase them to sell to customers.

It is commonly known that the dealer invoice price often excludes costs that dealerships are able to get out of through incentives such as dealer holdbacks or cash incentives. Keep in mind, those discounts are not shown on the invoice prices that are on the report but for the most part, dealer invoice reports help to show an at-cost version of the vehicle you are looking for which is what you need to begin negotiations.

 

So the difference is…

The difference between MSRP and the dealer invoice price is the profit margin that the dealerships make. They are looking to maximize that as much as possible, but all car dealerships are in the business to make sales so they will negotiate until you are satisfied with the price and they are satisfied with the profit margin.

 

Obtaining a Dealer Invoice Report

With Car Cost Canada, you have the opportunity to get a report that showcases the dealer invoice prices and with the service, certified dealerships are recommended so that you can connect with someone who is ready to negotiate on these terms. Since the report itself is free, you have the opportunity to save money without initially investing anything.

 

Negotiating Strategies

Alongside a dealer invoice report, here are some tips and tricks to help you in your purchasing conversation:

  • Do not be an impulse buyer: cars will not run out, if you want a certain model or make, they will exist a week or a month from now. Take your time so that you make the best decision for your commuting needs.
  • Negotiate up from the dealer’s cost: utilize the dealer invoice report and take away any dealer holdbacks and cash incentives to obtain the dealer’s cost; from there, you can negotiate from an additional 3-5% upwards.
  • Bring someone along: this will provide another perspective and give off the impression that you cannot be intimidated; use your partner to strategically guide the conversation so that the power is in your hands.

 

Have your best foot forward in negotiating for your new vehicle. Do not get blindsided by additional markups or prices by utilizing the tools you have strategically. A dealer invoice report can give you all the information you need to make an informed decision. Contact our team today to learn more about the service and to get more advice.

 

First Look: The 2019 Honda Accord Sedan (Specs, Price, Launch Date and More)

Folks, it’s here. And how!

Meet the new and improved 2019 Honda Accord sedan. Refined premium interiors, two powerful hybrid engines and a boldly revamped body are just some of the specs that promise to set your pulse soaring.

Have your eye on the 10th generation Accord? If you buy or lease through Car Cost Canada by requesting a new Honda Accord sedan price report, you won’t have the pay the full MSRP. Instead SAVE thousands of dollars on your new car. You can access exclusive rebates, certified dealerships and additional incentives that aren’t available anywhere else! Skip those hidden fees that your dealer doesn’t want you to know about. Get a free dealer invoice report today!

 

Sporty Handling and Sleek Visuals

Since it made its debut in November 2018, the 2019 Accord is already a force to be reckoned with at just 3 months old. It boasts of an aggressive sporty aesthetic while still maintaining its immutably handsome figure. Borrowing much of its visuals from the most recent Civic, the vehicle is available in six trim levels: Sport, Sport 2.0, LX, EX-L, Touring, Touring 2.0.

 

Interiors

The 2019 model comes with a 5-seater layout, hitting that sweet spot of being a family vehicle and a sports car. Owners won’t have to worry about storage space as the car has an ample cargo section. Passengers in the rear enjoy 60/40 split seating that affords a luxurious feel. The front seats aren’t to be outdone just yet. They come with flexible and adjustable positioning as well as cooling and heating features.

 

Wheels

Moreover, the Japanese automaker has aimed to combine style and stunning visuals with the 19” aluminum-alloy wheels.

 

LED Headlights and Taillights

This car takes a three-pronged approach to illuminating the road. The headlights, daytime running lights and taillights – all LED based – promise to pioneer an all new style signature. The LED fog lights, on the other hand, expertly penetrate through hazy weather to help avoid collisions.

 

Moonroof

Ventilation is not something that Honda wants you to do without. A one-touch button powers the retractable moonroof to open or close it using a tilt feature.

 

Engine

The 1.5-litre, 10-valve, 4-cylinder turbocharged engine in the LX puts you way ahead of the pack. In the Sport trim, you have the reins over the buttery smooth 6-speed manual transmission system.

All in all? Look out for dynamic angles, a wide stance and a longer wheelbase.

 

Cutting-Edge Technology

Techno-junkies can expect a bundle of surprises with the 2019 Accord. The vehicle has a state-of-the-art steering wheel that uses fingerprint technology. The 452-watt AM/FM acoustic system allows for MP3/Windows Media Audio playback. And the cabin is immediately converted into an impressive sound stage with the 10-speaker system.

The in-car infotainment system is fully compatible with Apple CarPlay and Android Auto, lending you unlimited access to news, playlists and navigation, using the ever-reliable HondaLink. Both the EX and the Touring share the same 8-inch display. Two USB ports and a volume knob are thrown in for added convenience.

The Touring models offer the driver increased navigation capabilities, HD digital traffic updates, voice recognition and other assorted cloud-based services.

Even the staunchest of cynics can’t deny that the car’s Driver Assist Technology, especially in light of Ontario’s 2019 distracted driving rules, is a major godsend. Adaptive cruise control, lane keeping assist, LaneWatch and blind spot detectors as well as a cross-traffic monitor join forces to make sure that your on-road experience is a safe and pleasurable one.

 

The Price Point?

For the sheer magnitude of its features, the 2019 Honda Accord is available at a modest price point of:

  • 28,090 CAD for the LX
  • 30,090 CAD for the Sport
  • 32,790 CAD for the EX-L
  • 33,090 CAD for the Sport 2.0
  • 36,090 CAD for the Touring
  • 39,090 CAD for the Touring 2.0

Given its upscale features, spacious accommodations, large trunk space and hybridized powertrain, many Honda aficionados consider this a worthwhile investment.

 

Psst! Don’t Pay the Full MSRP.

We Can Help You SAVE Over 15% on Your 2019 Honda Accord.

How? Simple! Find out exactly what the dealer paid for the car and negotiate for your vehicle based on that figure.

You can get started by requesting a FREE dealer invoice report. Your report will detail the lowest price offers, rebates, add-ons, hidden fees and certified dealerships for your car. No dealer can take advantage of a buyer who has clearly done their due diligence.

Save thousands of dollars! Be a savvy shopper with Car Cost Canada.

These Stunning Audi Cars Will Revolutionize the Road in 2019

Audi Canada has risen through the ranks to symbolize prestige in the minds of many. It’s no surprise that the German luxury automaker, under its parent company Volkswagen, has established itself as a frontrunner for innovation and quality in the automobile industry.

Manufacturing vehicles since 1910, you wouldn’t be remiss to associate its premium cars with unmatched engineering excellence in terms of reliability and performance, much like you would its counterparts Mercedes-Benz and BMW.

Fast forwarding 109 years to 2019, the automaker has much in store for car enthusiasts, whether it be in the form of hatchbacks, sports coupes, electric crossovers, sedans, and the likes. This lineup will attempt to transform every facet of the automotive industry.

Below, we’ve compiled a list of the much-awaited Audi cars that, just by specs and visuals alone, leave the competition in the dust.

 

Audi 2019 A6 Sedan

The fifth-generation A6, a midsize luxury sedan, is perhaps the most highly-endorsed Audi vehicle this year. It promises to spearhead an all-new design language for the automaker while still incorporating conventional class standards.

This vehicle will showcase a refined cabin and creased bodywork to boot. Under the hood, the discernible driver will find a 6-cylinder engine, 7-gear transmission, capable of producing 335 HP.

The car’s revamped design is augmented with a brand new MMI infotainment system (though some prefer the previous version with the dial controller) and a new V6 mild hybrid powertrain. Overall, the driver can expect a strong performance and a pleasurable cruise in its plush interiors. Just like its predecessor, its on-road behaviour is much the same, offering a mix of sporty handling and comfort.

 

Audi 2019 Q3

Audiences will recognize that the Q3 debuted way back in 2011 and has come a long way since – if the 2019 model is anything to go by. The second-generation Q3 will feature revamped exteriors to mimic the same standards exhibited by the new Audi SUVs and crossovers.

The Q3 comes with some interesting specs – a 2.0-liter engine with 4 cylinders, capable of producing 200 HP. Aside from the U.S. lineup, there will be a more potent RS Q3 allowing overseas buyers to access a whopping 363 HP engine. By and large, the Q3 promises to spruce up the underdeveloped lineup currently seen in U.S. markets. The automaker has promised to release more info closer to the on-sale date.  

 

Audi 2019 R8

When the R8 was initially released in 2006, it quickly made it to every auto lover’s must-watch list. Even as subsequent rollouts occurred over the years, the model still headlines this segment over a decade down the road.

The sports car will witness a few small cosmetic transformations in the new year, mostly to its front and back fascias. Buyers can also expect new and improved interiors, with the stunning Audi Virtual Cockpit infotainment system stealing the spotlight from other in-car sundries.

As far as the engine is concerned, two models will be available: the 533-HP V10 and the 602-HP V10. The internet has been rife with rumors about the 2019 R8 being designed with a twin-turbocharged V6 to pack more heat, but the automaker has largely dispelled these claims.

 

Audi 2019 Q8

With Audi’s extensive 2019 lineup, it’s impossible to cover every single one in this article, however, failing to make a mention of the Q8 is a cardinal sin. The Q8 has quite some overlapping features with Audi’s flagship sedan, the A8.

A quick glance at the Q8 reveals sharp headlights, tail lights, and a sturdy grille. It will be a little shorter than the Q7 but with 3 extra inches on its width. If you expect to see the third-row seating as observed in the Q7, you will be disappointed. The Q8 has conventional seating that only accommodates four or five. With the base engine, you can expect a 2.0 liter, 252 HP, 4-cylinder turbocharged engine.

More information will filter through with the car’s approaching Hong Kong debut this June.

 

Audi 2019 e-tron Quattro

Apart from Audi’s soon-to-be-released Q8 crossover, the Quattro is another new flagship product to hit dealerships in 2019. This compact fully electric car promises solid underpinnings and will borrow its design from the Q8.

The powertrain is the central focus of the Quattro and will feature about three motors with a 95-kilowatt-hour battery pack, capable of producing 429 HP. The electric crossover is estimated to offer the driver 300 miles on just one charge. These numbers are subject to minor speculation and the automaker may choose to pack in even more heat.

 

Any of These Beauties Catch Your Eye?

Audi has an impressive lineup of luxury vehicles in 2019, estimated at an average price point of 50,000 – 70,000 USD.

Don’t despair just yet! If you want to purchase one of these cars, don’t pay the full MSRP. Instead, save 15% by accessing rebates and discounts with a FREE dealer invoice report. Being the smart shopper that you are, find out exactly what the dealer paid for the vehicle and set a negotiation price accordingly.

I want to save on my new Audi 2019 car. Send me my free dealer invoice report.

2019 Vehicle Rollouts: These New Cars Are Keeping Everyone in Breathless Anticipation!

Say hello to the graduate class of 2019. Pickup trucks and sports utility vehicles promise to make a big splash in car sales in the new year. Expect an extensive lineup of completely revamped luxury cars, family sedans, and sports coupes. If you’re looking for the best new car deals in Canada, we suggest sticking around.

In this article, we break down some highly anticipated new releases that will hit dealerships very soon. Don’t pay the full MSRP for your new vehicle. With Car Cost Canada, get a free dealer invoice report that gives you access to certified dealerships,  lowest price offers, rebates and lets you successfully avoid the hidden fees!

Without further ado, let’s delve into the three new 2019 releases that car enthusiasts are most looking forward to:

 

Audi 2019 A8

Audi’s flagship sedan boasts of several improved features such as comfortable and spacious wood trimmed interiors as well as a dual screen infotainment system that gives the driver access to virtual cockpit operations. The fourth generation vehicle focuses on passenger comfort. Interactivity with the configurable infotainment system takes place either through haptic controls or voice commands.

To add to the luxuriousness of it all, the model comes with several auxiliaries such as a heatable center console, plush armrests and a dual tablet system for the rear passengers’ entertainment.

Just when you thought it couldn’t get any better, it does. The rear seats are very amenable to elevate comfort levels. They massage, recline and come with fully adjustable foot- and headrests.

How about the engine? Well, the 2019 model ups the ante and has a V6 turbo powered engine (3.0 litres). To afford enhanced vehicular dynamics, it also offers active suspension and is available with 48-volt technology.

As part of its semi-autonomous safety features, the R8 offers auto braking to curb the likelihood of collisions. This system will prove to be more useful than you realize in light of the updated 2019 distracted driving laws in Ontario, which convicts drivers who get distracted when using a handheld cellular device, eating or reading. Fines soar as high as $1,000. The Audi R8 lets you stay connected while never taking your eyes off the road.

 

Mercedes-Benz 2019 S-Class Sedan

Mercedes-Benz has made some tall promises for 2019 and from the looks of it, the German automobile company has every intention of keeping them. A single glance will reveal that the S-Class cuts a more exclusive figure than previous models. It’s two-tone exterior paint finish and pinstripe-inspired grille stay true to the automaker’s conventional pedigree.

With the spacious interiors, both driver and passenger comfort exceeds newer heights. Expect recline and massage rear seats and individual front seats that have a folding table option. The S-Class’s LED lighting is a beacon of convenience for drivers. With the Ultra Wide Beam technology, tricky curves and turns in the road are illuminated.

The automaker has even surpassed itself with its advanced driver assistance technology – a godsend to help drivers avoid collisions when distracted behind the wheel. As mentioned before, in light of the new distracted driving laws, any autonomous specs are a welcome addition in 2019.

You can switch lanes at the tap of a button, be alerted of danger on the streets ahead and even access the car’s automatic drive options – it detects toll booths or exits and slows itself upon nearing them.

Navigation and entertainment never take the back seat with a beauty like this. Android Auto and Apple CarPlay are fully compatible. The infotainment system’s stellar interface integrates with your phone and offers voice control interactivity. Whether you’re at the front or back, you can access wireless charging features on the go.

 

Genesis 2019 G70

Genesis, the luxury branch of its parent company Hyundai, is introducing an entry-level sports sedan G70, that will follow in the footsteps of the larger G80 and G90 models. The attractive sedan is much more compact than its predecessors and comes in five trim levels: Advanced, Elite, Prestige, Dynamic and Sport.

The driver is able to configure their G70 as they like by choosing from two engines, two transmissions and from an all-wheel or a rear-wheel drive. The Genesis G70 comes with five powertrain options, with the 2.0-litre engines boasting of 255 horsepower being at the starting tier and a 3.3-litre engine with 365 horsepower being at the top tier.

The interior of the car doesn’t disappoint either. Neat and clean lines characterize the vehicle’s exterior, while the automakers clearly maintained a driver-oriented layout. The 7-inch LCD touchscreen and accessible analog controls are positioned on the central instrument panel. Additionally, the driver will find an 8-inch screen that rests on the centre stack, as well as two neat rows of easy-to-use buttons for climate and audio control options.

To make your cruise that much more pleasurable, Android and Apple CarPlay compatibility come standard with your car. You can even access Qi wireless charging, navigation and a 660-watt Lexicon acoustic system.

These Cars Will Arrive at Your Local Dealership Very Soon

Don’t Break the Bank to Get Them!

If any of the upcoming 2019 models in this list or otherwise catch your eye but you’re anxious about the MSRP, we’ve got great news! Don’t pay the full dealer invoice price. Access rebates and discounts from certified dealerships. Shop smartly – Pay 15% lesser than everyone else!

The road ahead looks promising! It all starts when you request a free dealer invoice report from Car Cost Canada.

The Future Fleet of Vehicles is Here: What to Look Out for in 2019

The past year alone we have seen an increase in futuristic features brought forth to vehicles. From infotainment systems to autopilot, vehicles have certainly come a long way. Many new drivers are learning in vehicles that do a substantial amount of work for them through features such as assisted lane changing, back up cameras, parking assistance, etc. Although this may sound like a lot, it’s only the beginning. Many new cars rolling out in Canada next year are jam-packed with features that are changing the way we as humans drive. If you are looking to get your hands on a vehicle of the future whilst simultaneously getting the best deal possible on said vehicle, you’re in luck. Our dealer invoice report can help you save money on your new 2019 vehicle. So, what exactly should you look out for in 2019?

Electric vehicles

Surprisingly enough, electric cars have been around for quite some time, with the first one being manufactured in 1884. It wasn’t until the 2000s, however, that electric cars began making waves in the automobile industry. Tesla was one of the first to revolutionize the electric vehicle and since then, a surplus of makers have been diving into the electric vehicle route. Consumers have been happily on board as well, with over 4 million all-electric and plug-in hybrid vehicles on the road as of September 2018. This number is only set to skyrocket in 2019 and for good reason; electric vehicles are not only better from an environmental standpoint, but they also save owners money as well, with charges costing less than a tank of gas.

Automakers such as Mercedes-Benz, Nissan, and BMW (to name a few) have also dabbled in the electric/hybrid vehicle world, making there own environmentally friendly vehicles. Due to the increase in electric/hybrid vehicles being made, they are being increasingly more affordable to consumers looking for an economical day to day vehicle, hence, why their presence on the road is projected to double. Of course, if you are looking for luxury, there are several makes out there, including BMW’s i8 hybrid which boasts speed, power, and luxury.

 

Infotainment Systems

Take a look inside any 2019 vehicle and you will more likely than not see an impressive infotainment system. Although infotainment systems have been around for quite some time, their features keep on expanding. What was once just an on-screen radio for your vehicle has now become a hub for performing a plethora of features. From GPS to Bluetooth to temperature control to a fully-functional camera, infotainment systems have essentially become mini computers for your vehicle.

In recent years, Apple CarPlay and Andriod Auto have been unveiled, allowing you to utilize several functionalities from your phone through your vehicle including Google Maps, text messages, video, audiobooks, and many more. In 2019, it would come as no surprise that nearly every vehicle comes equipt with an infotainment system that handles a vast variety of vehicle capabilities and features that benefit both the driver and the passengers. With that being said, it’s important to keep in mind that as a driver, use of these whilst driving is still illegal, so we suggest utilizing “talk-to-text” or Bluetooth functions, should you need to utilize your infotainment system.

 

Safety Features

Before we look ahead, let’s look back. A decade ago, learning how to drive a vehicle required was seemingly a more difficult task. There was no backup camera to help you reverse, no lane-assist to cover your blind spots when you forgot, no park assist to help you ace that parallel park every time. Fast forward to the current day and age and vehicles offer assistance for virtually everything. Many 2019 models are coming equipt with or offering packages containing a wide range of features that will aid the driver in performing typical tasks such as parking, changing lanes, reversing, etc. These features are expected to be fine-tuned come 2019 and it will come as no shock if more are revealed. The big ones to look out for are parking assist and lane change assist. With more fine-tuning in the future, these features may eliminate new drivers need for learning how to perform tasks such as parking or the steps they take prior to changing lanes.

 

Self-Driving Vehicles

More and more automakers are looking into designing the perfect self-driving vehicle. Referring back to Tesla, they were one of the first to introduce this new wave of technology with their autopilot feature. Since then, a plethora of automakers have followed in suit, creating vehicles that function without the need for a driver. Of course, most vehicles are still in beta and many still require a drivers presence. Tesla, for example, requires drivers to have their hands on the steering wheel for a certain period of time. With all this being said, many companies are testing out vehicles where the driver isn’t required to do anything and in some cases, these vehicles do not even have a steering wheel! Creating a self-driving vehicle takes a lot of time due to the many safety features they must factor in on top of standard vehicle safety features. 2019 could see the wake of the self-driving vehicle era.

 

Bonus: What We Most Likely WON’T See in 2019

While we have come a long way in the automotive industry, there are still some features and ideas that are still years away from becoming reality. Here are just a few features that we will probably not see in 2019 or perhaps, even a few years after:

  • Flying cars. When you think of a vehicle of the future, you think flying cars. Sadly, we are not there just yet and there are no plans from automakers to turn this into reality just yet.
  • All cars will be tiny cars. Some thought that cars of the future would all be compact, however, this is far from reality. The Smart Car is the closest we have to a very compact vehicle and has been the only true competitor for quite some time.
  • No more cars. Others predicted that cars would be obsolete at some point. This seems like a far stretch considering the automotive industry is constantly growing.

 

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