When shopping for a new car, you'll find that there is a lot of pricing information to consider, from MSRPs (Manufacturer’s Suggested Retail Price, or sticker price) to special loan and lease deals, even dealer invoices. But how can you know how much you should really pay for the new ride you're interested in? New car values vary depending on the manufacturer, model, trim level, and various options. Additionally, you may have the opportunity to scoop up a brand-new vehicle from the previous model year for an attractive discount ("new old stock").

Find out what others have paid to determine your fair price

The concept of supply and demand is especially applicable to new cars. In times of high demand and lower supply, you may find that the "fair market" price is close to the MSRP. Likewise, when a vehicle is more widely available, you could have the opportunity to save a few thousand dollars on the sticker price. One of the easiest ways to determine a specific vehicle's fair market price is with a third-party appraisal resource like the Kelley Blue Book (KBB) Fair Market Range and Fair Purchase Price for New Cars. KBB takes data from thousands of transactions across the country and combines them with other difficult-to-determine metrics like supply and demand and regional and seasonal factors. KBB updates these calculations weekly, so it's easy to find information that's up-to-date.

Find Your Perfect New Car with Prime Automotive

At Prime Automotive, our extensive dealership network extends throughout Massachusetts, Maine, New Hampshire, and New York and includes a wide variety of the industry's most popular automakers. Check out our new model inventory to see what we offer, and feel free to contact any of our dealers with any questions. It will be our pleasure to assist you.

Categories: New Inventory, Finance