New Chevy Invoice Pricing

New Chevy Invoice Pricing: How to Get the Best Car Price

Thinking about a new Chevy? Before you start shopping, you need to know some critical details. Having all the right information can be the difference between getting a good deal and overpaying for a vehicle. Learning all about Chevy invoice prices can help you save a ton of money on a new truck or car.

You may come across some unfamiliar terms while researching new Chevy truck prices. Knowing what they mean will help you prepare for negotiating prices with the dealership.

 

Chevy Invoice Pricing

The Chevy invoice price is the wholesale price that the dealership pays to the manufacturer. The invoice price includes the cost to make the vehicle, advertising costs, and other regional fees. This pricing may vary from dealer to dealer.

Getting the invoice price can leverage your ability to negotiate with the dealership. With it, you can set your target price and know that you’re getting a fair deal on your new Chevy.

 

Terms to Know

There are a few other terms you should know when car shopping. Knowing what they are and how they affect Chevy car prices can be highly beneficial.

Dealer Holdback: The dealer holdback is a cash reimbursement that the dealer receives from the manufacturer. The automaker will only pay the holdback once the car has been sold. In most cases, they receive a percentage of either the MSRP or the invoice price.

Dealer Cost: Sometimes called the “true dealer cost,” this is the actual amount the dealership pays the manufacturer once everything is said and done. The actual cost is based on the invoice price and considers the holdback amount and any rebates and discounts the dealer receives.

MSRP: MSRP stands for “manufacturer’s suggested retail price.” In the car world, this is sometimes called the sticker price. This is the price that manufacturers advise their dealers to charge for a new truck or car.

The suggested price isn’t always going to be the take-home price for the car. Many car shoppers will use this price as a starting point, then try to negotiate the price down from there.

 

How does MSRP compare to the Chevy invoice price?

Car dealerships need to sell vehicles at a marked-up price to make their money. So the MSRP will be higher than the invoice price. That said, dealerships are free to set their own prices for a car. So prices will vary.

 

Manufacturer Incentives & Rebates

To encourage dealerships to stock a vehicle, they’ll often offer them incentives in the form of rebates and other discounts. These incentives can lower the dealer cost of a car and helps them maximize their profit potential. From time to time, this allows dealerships to pass the savings to customers by selling a car at or below the invoice price.

 

What is the Suggested Price for a Chevy?

Once you know all these figures, you can calculate the true dealer cost of a vehicle. Here’s a formula to help:

True Dealer Cost = Invoice Price – (Dealer Holdback + Manufacturer Incentives & Rebates)

Having a rough estimate of the dealer cost can help you center your negotiations around a lower price point. You can potentially shave off thousands of dollars on a new Chevy truck price or car price by starting the conversation at a lower price point.

A big mistake that some shoppers make is by starting the negotiations at MSRP. In reality, most dealers expect this strategy. By starting higher, you could still overpay for a new Chevy.

To get the best deal possible, start closer to the dealer cost, then haggle upwards until you reach an agreement that’s fair to both you and the dealer. In most cases, you can simply ignore the MSRP.

 

Process of Getting the Invoice Prices for Chevy

Getting Chevy invoice prices is one of the keys to getting the best deal possible. Once you have that information, you’ll be more confident and knowledgeable going into the dealership. With the right preparation, you can avoid overpaying for your dream car.

Chevy invoice pricing isn’t something that’s readily available on the internet. Thankfully, we’ve made it easy to find it. All you need to do is fill out a free application. Then just sit tight while we work with your local Chevy dealers to bring the prices directly to you.

 

Apply Today to Get Chevy Invoice Pricing

Once you have invoice prices, you’ll be armed with powerful knowledge that makes shopping for a new Chevrolet a stress-free experience. Apply today and see how you can save thousands on your next new car. Want more information about new Chevy truck prices and car prices? Contact us with any questions.