![]() ![]() I love that you can contact up to 5 dealers at once.What I like about Edmunds New Car Price Quotes You can then email each car dealer and negotiate a deal. For example, I narrowed my results to Acura’s and the sponsored cars still included a Chevy and a Nissan.Įdmunds sends your request for car prices to local dealerships who email you with free price quotes. You can ignore the sponsored cars, but they can be a little confusing. I don’t like the “sponsored cars” mixed in with the results of the Car Finder feature.I’d also like to see the residual value expressed as a % of purchase price as well since car prices will differ in your comparison. In addition to the Edmunds True Cost to Own® value that is shown (more on that below), I’d like to see an estimated residual value for each vehicle.I’d like to be able to compare used vehicles and have the ability to look at the differences between model years for a single make/model. You can only use the Compare Cars tool for new vehicles.If you don’t know where to start, the Car Finder feature allows you to start by entering a price range, features, and car type to narrow down the list of vehicles to compare.You can change the trim levels to compare different options packages for the same car side by side.For example, you can view interior photos side by side, engine photos, rear views, tires, etc. You can compare photos of specific car features on different models all at once.It’s intuitive, well designed, and easy to compare the features of four cars at once.Choose vehicles and see how they compare across a range of categories like price, safety features, available options, measurements, and Edmunds True Cost to Own ®. Let’s take a look under the hood and maybe someone from Edmunds will read my tips for improvement and make the site even better □ Edmunds Compare Cars ToolĪ side by side comparison of different cars. Each of these components are very helpful to car buyers but there’s still room for a little improvement. There’s a Compare Cars tool, New Car Price Quotes, Edmunds True Market Value®, and Edmunds True Cost to Own®. Other Edmunds Car Comparison and Research ToolsĮdmunds has four very interesting services within their website that I’m going to review.What I like about Edmunds True Cost to Own®.Edmunds True Market Value® or TMV® or Edmunds Suggested Price.What I like about Edmunds New Car Price Quotes.Ronald Montoya is a senior consumer advice editor at Edmunds. This story was provided to The Associated Press by the automotive website Edmunds. After all, the “S” in MSRP stands for “suggested.” While market adjustments and added items can be frustrating and expensive to consumers, they are within a dealership’s rights. If a dealership insists on adding accessories to a factory-ordered vehicle, we suggest shopping elsewhere.ĮDMUNDS SAYS: At a time when vehicles are scarce, dealerships want to maximize the profit on each unit given that the margins are already low on new cars. You can get the exact car you want at MSRP provided you’re willing to wait. Order the car: This option takes patience and planning, but in most cases, a factory-ordered vehicle will not likely have been marked up. The dealer may counter, but this can be a win-win for both parties - you might save thousands of dollars and the dealership still sells the vehicle for above MSRP. But it is important to note that you will likely be paying more - the dealership has likely marked up the price of the accessories 40%-50% over what it paid for them.įeel free to negotiate: Dealers don’t always expect people to pay the full markup, so if the vehicle you really want has a market adjustment, try offering half of its cost. If you want the accessories: There is some value to many of the added items, the convenience of them being installed already, and the ability to fold the cost into your car loan. To find them, try searching online with terms such as “no markup (brand) dealers in (city or state),” or “dealers over MSRP in (city or state).” Look for forum threads where people are discussing this topic. You might have to cast your net wider to a dealership out of town or in the next county. Your goal is to find those dealers and shop with them. Cast a wider net: Not all dealerships will subscribe to this “market adjustment” philosophy. ![]()
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