Carpages is one of Canada's most popular new or used car shopping
website.
Carpages
has been around since 2004. In this time
Carpages.ca has grown to become one of the most comprehensive
online car shopping portals in Canada. They offer a large searchable
used vehicle inventory, new car reviews, price comparison tools,
a vehicle pricing engine, a dealer locator, insurance quotes, car
parts and much more.
Another company has recently come to our attention: CarCostCanada
is Canada's first and best online source for new car dealer invoice
prices, all non-advertised factory incentives, real-time live quotes
from local low-cost dealers. It's more than just invoice prices.
What Is a
Factory-To-Dealer Incentive?
A factory incentive is a rebate the factory offers to the dealer
on certain models due to a number of reasons. These incentives are
not advertised to the general public and usually wont be passed
on to the customer unless they know about it. Manufactures will
offer these incentives to boost sales on models that arent
selling well, when a set sales target has been reached or to encourage
dealers in selected regions to move more cars. These rebates can
be anywhere from $500 to $5000 which thereby makes the cost of the
vehicle much cheaper for the dealer.
How Factory
Incentives Can Help You
If you know about the current incentives available on the vehicle
you are purchasing you can use that information as a bartering tool
to obtain a better price. For example, if you are buying a $25,000
car and there is a $5000 factory-to-dealer incentive currently in
effect you could effectively buy that car for $20,000 if the dealer
passes that rebate on to you. Technically the dealer isnt
losing any of his/her money by doing this because its coming
directly from the factory. On the other hand if the customer didnt
know about the incentive the dealer would be able to pocket the
$5000 which is why they are quite reluctant to tell customers about
these offers.
How to Find
Out if Your Vehicle Has Factory Incentives
Currently there are only a few places to find out about factory-to-dealer
incentives. Depending on whether you live in Canada or The United
States there are a few companies that provide this hidden information
at a nominal fee. In Canada there is CarCostCanada a company that
provides factory incentive information along with their new car
invoice pricing reports. In the US there is FightingChance.com,
a site that emphasiss on factory-to-dealer incentives. Last
but not least is Consumer Reports, a company known for delivering
relevant information to consumers of every industry. Their website,
ConsumerReports.org, offers reports to both US and Canadian customers.
The information
you need to get the best possible price on your new car is out there,
the choice of using it is up to the customer. But when educated
buyers are saving four, five or six thousand dollars off their purchase,
why wouldnt you want to be one of them?
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