What Does Internet Price Mean When Buying a Car?

In recent years, the internet has revolutionized the way we shop for cars. Instead of relying solely on visiting dealerships and negotiating with salespeople, consumers can now access a wealth of information online. One term that has gained popularity in the online car buying experience is the “internet price.” But what does it really mean?

The internet price, also known as the online price or e-price, refers to the price of a vehicle listed for sale on a dealer’s website or other online platforms. It is typically a discounted price that is offered exclusively to online shoppers. This pricing strategy is used by dealerships to attract potential buyers and compete in the digital marketplace.

Here are some frequently asked questions regarding the internet price when buying a car:

1. Is the internet price negotiable?
Yes, the internet price is often negotiable. It serves as a starting point for negotiations, similar to the sticker price at a dealership. However, keep in mind that the internet price is usually lower than the sticker price, so you may have less room to negotiate.

2. Does the internet price include additional fees?
The internet price may not include certain fees such as taxes, registration, or dealer documentation fees. It’s essential to read the fine print and clarify with the dealer to know what additional costs may be involved.

3. How can I find the internet price for a specific car?
Visit the dealership’s website or reputable online car marketplaces to find the internet price for a specific car. You can also contact the dealer directly to inquire about their online pricing.

4. Is the internet price only available for new cars?
No, the internet price can apply to both new and used cars. Many dealerships offer online pricing for their entire inventory.

5. Can I finance a car at the internet price?
Yes, you can finance a car at the internet price. Financing options are typically available for online car purchases, just like traditional dealership sales.

6. Can I trade in my current vehicle when buying at the internet price?
Yes, most dealerships accept trade-ins when purchasing a car at the internet price. You can discuss the trade-in value with the dealer during the negotiation process.

7. Do I need to visit the dealership to purchase a car at the internet price?
It depends on the dealership’s policies. Some dealerships offer online purchasing options where you can complete the entire transaction remotely. Others may require you to visit the dealership for finalizing the deal.

8. Is buying a car at the internet price a good deal?
Buying a car at the internet price can be a good deal, as it often provides a starting point for negotiations and potentially lower prices compared to the sticker price. However, it’s crucial to research the market, compare prices, and thoroughly inspect the vehicle before making a purchase.

In conclusion, the internet price when buying a car refers to the discounted price offered exclusively to online shoppers. It is negotiable, and additional fees may apply. By understanding the concept of internet pricing and asking the right questions, you can navigate the online car buying experience with confidence.