I'm currently considering buying a Scion TC and have never purchased a vehicle before. I've been with friends but for the most part, if it appears that there are no males with you, the reps seems to talk down to you... just my own observation. Anyways, I was researching online and read that most dealerships are satisfied if they earn anywhere from 3-5% of the invoice price, so I probably want to offer 4% at most.
I also read up on other things such as the fact that when reps give you quotes for vehicles, the invoice price they list is not their actual invoice price, but a inflated invoice price in order to make the buyer feel as if they are getting a better deal than they really are. I also heard the best time to buy a car is between model years when dealerships are trying to rid their place of last year's models, and are given incentives and factory hold backs by car makers to sell cars. During this time, dealerships earn back a percentage of the invoice price they paid so they earn more profit. My thing is, I have this concern that despite the little bit f knowledge I have, that I won't be to do so well in the negotiation process. I'm well prepared to get up and leave if they reject my offer, but what is an acceptable amount to offer in the beginning in order to start negotiations.e
Say I wanted to get.. a 2008 Spec Auto Scion TC, invoice price: $15,295 and msrp is $16,100. I don't know what the additional stuff is yet, so I'll estimate at another $1,000 for mats or whatever.
So if I was to assume that the invoice price listed is inflated and no one pays msrp... what would be a good number to start with? Sorry if I sound confusing, I'm not very good with car talk.
Thanks for any help you're able to give me.














