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What is Total Cost to bring home a new Car?
I am looking to buy a new car :say Corolla( 2009 Toyota Corolla MSRP:$16050, Invoice:14,845)
(Assuming i dont get any discount on MSRP)
Being a first time buyer, I need to know what are other expenses in car buying?
Can I walk in to dealer and put $16050 on table and bring a car home or what other expenses?
In this state, there's 6.25% sales tax (don't know about yours), plus over $200 in fees. There's also what is known as the destination charge, which will be listed on the sticker on the car. All this would add up to almost $18,000.
Of course, you can get a little bit of a discount on most new cars, but the Corolla is very popular. The Toyota dealers may not be ready to bargain on 2009 models for a while yet.
Last comment...If you're going to look at a used car, as suggested by others here, check out kbb.com for the suggested retail price. A used Corolla might not be that much cheaper.
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