Rated 10
Buying a 2011 Hyundai Sonata, and saving $3000 off of MSRP.
After obtaining the Wholesale Price Report and working with a 3%-8% profit margin, I went to 3 different dealers to negotiate a price.
Never go to just 1 dealer. I recommend 2-3.
Do not tell them that you have checked out CarCostCanada.
Negotiate the best possible price with the 1st dealer starting with the dealer invoice price.
Do the same with dealer 2 and 3 without telling them you have been elsewhere.
Don't get sucked into purchasing add ons like extra insurance, rust proofing etc, they will tell you it's an extra $60, $70, per month. This will add $3,000-$5,000 over the term of the financing.
Don't get pressured into buying now.
Rosario from Mississauga, ON
reported on Saturday, July 10, 2010