How to Use Edmunds Price Promise to Get the Best Car Deal
That's why I'm always on the lookout for tools that will make it easier and quicker for you to get these important price bids. The latest tool that I have personally reviewed and now recommend is Edmunds Price Promise. It's an online tool that let's you see the lowest price dealers are offering on vehicles in your area. This is a tool every consumer should use as part of their negotiation process.
Here's how it works: First, you go to the Price Promise page and enter your zip code and the vehicle you're interested in purchasing or leasing.
Next, you will see a list of vehicles that are currently in stock and come with a pre-negotiated upfront price. You can filter the results by choosing the colors/options/trims you're intersted in, then click the "View Price Now" button on the vehicle you're interested in.
Edmunds will automatically find the closest matches from other local dealers. Make sure you leave all the buttons checked to get prices on those vehicles as well. Fill out the form and submit to see the price bids.
And here is what your price bid looks like. Along with the certificate, you get the contact info of the internet sales manager for that dealership.
My recommendation is to use Edmunds Price Promise as part of your overall negotiation strategy (read my full step by step guide here). Price Promise will save you some time and hassle gathering those important price bids. Also remember that dealers are almost always open to negotiating further, especially if they're about to lose a deal to a competitor.
Since we're near the end of the month, now is the best time to use this tool. Dealers are constantly changing prices on a daily basis in response to supply and demand, and they're hoping to close out the quarter with lots of sales on the books.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid