I'm car shopping now but it's the worst time to get one. My wife's car is dying so we have no choice.
My friend who's family runs a dealership says that just getting MSRP is good right now. In my negotiations I got MSRP plus the stupid dealer installed "options" which apparently are mandatory now. They were asking $34,000 out the door total price and I got them to knock off $2000.
Did I get a good deal? Who knows? I need a car and I'm getting it.
"Good" is such a relative term right now. It's really more of a "You didn't get screwed." Everyone is paying dealer options unless they're buying one of the few cars that isn't selling. Same with MSRP if not MSRP + Dealership Owner's Next Vacation markup.
I found buying new cars is an excellent waste of money. Young cars repossessed or returned early from a lease are good value, as are cars that are about 5 years old with a hair over 100K miles on them. That psychological 100K is enough to knock a good bit off the value.
This will be the first time in my life getting a new car. I usually go for used, but in this market, one or two year old cars are not much cheaper than new ones. So new it is.
I have to admit, I'm looking forward to the new gadgets like automatic lane centering.
My friend who's family runs a dealership says that just getting MSRP is good right now. In my negotiations I got MSRP plus the stupid dealer installed "options" which apparently are mandatory now. They were asking $34,000 out the door total price and I got them to knock off $2000.
Did I get a good deal? Who knows? I need a car and I'm getting it.