Edmunds new car pricing

Edmunds is a well-known online resource for car pricing, reviews, and research. Here's an overview of their new car pricing tool:

Edmunds True Market Value (TMV): Edmunds' pricing tool is based on their True Market Value (TMV) formula, which takes into account various factors to determine the fair market value of a new car. These factors include:

  1. The car's make, model, and trim level
  2. The car's condition (e.g., new, certified pre-owned, or used)
  3. The car's mileage
  4. The car's location (e.g., city, state, or region)
  5. The car's options and features (e.g., engine, transmission, and interior)
  6. The car's demand and supply in the market
  7. The car's historical sales data

Edmunds New Car Pricing: Edmunds provides new car pricing information for thousands of models, including:

  1. Manufacturer's Suggested Retail Price (MSRP)
  2. Edmunds' True Market Value (TMV) price
  3. The car's invoice price (the price the dealer paid for the car)
  4. The car's destination fee (the fee charged by the manufacturer for delivering the car to the dealer)
  5. The car's total price (including all taxes, fees, and options)

How to Use Edmunds New Car Pricing Tool:

  1. Visit Edmunds.com and select the "New Cars" tab.
  2. Choose the make, model, and trim level of the car you're interested in.
  3. Select the options and features you want (e.g., engine, transmission, and interior).
  4. Enter your location to get pricing information specific to your area.
  5. Compare the car's pricing information, including the MSRP, TMV, invoice price, and total price.
  6. Use the pricing information to negotiate with the dealer or to research other options.

Additional Features:

  1. Price Analysis: Edmunds provides a price analysis tool that helps you understand the pricing dynamics of the car you're interested in.
  2. Price Comparison: You can compare the pricing information of different models, trim levels, and options to find the best value.
  3. Dealership Reviews: Edmunds also provides reviews of dealerships, which can help you find a reputable dealer to purchase from.

Overall, Edmunds' new car pricing tool is a valuable resource for car shoppers, providing transparent and accurate pricing information to help you make an informed decision.