![]() ![]() (CBC)Ben Spatafora, who runs dealer price site Car Cost Canada, freely admits the site is sponsored by dealers. So they’re actually buying that information,” said Balliwalla, who also runs Auto Mall Network, an auto buying consultancy for consumers and other clients.īen Spatafora says sites such as Car Cost Canada are meant to provide a service for consumers. “That information is extremely valuable to these dealerships. When you buy a price report online, your information is forwarded to a dealer, who then knows not only that you are interested in one of their vehicles, but that you're willing to pay for some research on that vehicle. There's two levels, right, one that we will never see and one that they're actually going to show us," he added. Well, we knew back then that's really not their invoice price. "Twenty years ago people believed that the dealer would show me my invoice price report to show me how little they actually were making on this deal. ![]() “Things like ‘dealer invoice price reports’ as they call them.that is a fake number,” he told CBC News. “The vast majority of them are actually lead generators for dealerships,” says Viraf Balliwalla, who teaches a car-buying course at Humber College in Toronto and Conestoga College in Kitchener, Ont. But nobody has ever taught us what that homework is supposed to be - student Aileen Pinkerton We’ve all been told that if you’re going to buy a car, you’ve got to do your homework. ![]() However, car buyers are warned to be wary of websites that will provide the dealer invoice price, either for free or for a small fee, as that figure may not be accurate. Knowing the invoice price, or what the dealer paid for a car, is supposed to give a buyer a fighting chance when negotiating at the car dealership. ![]()
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