Thursday, July 14, 2005

Business Idea

When you buy new car, you almost always pay more that you need. Idea of my business is to help people to save money.

For cars, there are 2 prices:
  • MSRP (manufacture suggested retail price) - price recommended by factory to dealers.
  • invoice price (real price that dealer pay for car).
When you buy new car from dealers, often enough you pay something close to MSRP. Dealer taking huge profit to his/her pockets. It's hard to deal with people on the lot, since they make no decision (every 5 bucks change should be approved by manager). The idea of the business is to deal directly with managers (using invoice price as a guide).

I'll post more info about my progress as well as useful links related to cars and car buying process.

25 Comments:

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