How to Calculate New Car Prices
- 1). Open a web browser and navigate to Edmunds.com.
- 2). Click on the link labeled "New Cars." Select the make of the car and then model of the car to price.
- 3). Click on the link labeled with the body style and engine combination.
- 4). Click on the button labeled "Price with Options" and then check each feature or package included with this car. Select the color of the vehicle from the drop down list labeled "Select Color." Input your zip code in the box labeled "Enter your zip code" and then click on the button "TMV Pricing Report."
- 5). Three columns will be included in the pricing report "MSRP," "Invoice" and "What Others Are Paying." Use the invoice price as the base price of the vehicle.
- 6). Add an additional $250 to $500 for dealer fees to the base price. Dealer fees are mostly additional profit and are often negotiable.
- 7). Add one percent of the base price as a general guideline to the cost of the vehicle to cover tag fees. Tag fees vary between states and dealers are required to pay these fees directly to the state government.
- 8). Add state and local taxes to the final cost of the vehicle. Taxes vary based on the state and county.
