How Much Should I Pay: 2009 Chevrolet Malibu Hybrid
Question From Gloria: Looking at a 2009 Malibu hybrid for my daughter. I am contemplating paying cash for it. What is the best deal I can expect?
Queen of the Road: Hi Gloria. Welcome to AutoBragBlog! How sweet of you to buy your daughter a new car. She’s much be so excited.
There is a misconception that “paying cash” gets the buyer a better deal but this is not the case. Regardless of whether someone pays off the car immediately or finances the vehicle the dealership gets their money all the same. That is why the price AutoBrag provides does not and should not factor in how the car is purchased.
It is a two step process “how much should I pay” and the if the buyer is financing the vehicle”what the terms are“.
According to AutoBrag’s statistics for the 2009 Malibu Hybrid,
The National Average discount off MSRP: 12.68%
The National Maximum discount off MSRP: 20.34%
If you see a particular car you want, you can easily calculate the percentage off MSRP to see if you’re getting a good deal by comparing it to AutoBrag’s discount statistics.
How To Calculate The % Off MSRP: MSRP – Selling Price = X / MSRP = Y
Selling Price = The price the dealership is willing to sell the new car for. Excluding tax, registration and dealer fees
X = the dollar amount saved off MSRP
Y = the % off MSRP (Move the decimal point over two digits to the right and that’s the percentage you’re saving.)
Before you begin calling or visiting every dealership, I highly recommend you start a virtual negotiation with your surrounding dealers through Braggle on www.AutoBrag.com. You basically place anonymous offers to all dealerships within a 25 to 200 mile radius within your zip code. Dealerships get to compete for your business without gaining your contact information. This method is the easiest procedure and it’s free of charge. There is no obligation to buy if a dealer accepts your bid.
