Car Price Secrets

The Secrets to Your Lowest Possible Price on a New Car

Car Price Secrets
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Did You Know Every New Kia Soul Has a Secret Price?

It's the low price dealers offer Internet shoppers...

Discover the Dealer's Secret Price

2016 Kia Soul

Price Range: $15,900 to $21,300 Your Price: Ask Us

I thought I'd try your free services since I didn't want all the drama and stress of negotiating the price. It worked! It was so easy to save money and I love my new car!

Gina L.
Los Angeles, CA

Over the past month, we helped 97,584 new car buyers find their perfect car!

2016 Kia Soul Overview

  • Adds a few new features for 2016
  • Enticing mix of utility and standard equipment at a low price
  • Performed well in both IIHS/NHTSA crash tests
The 2016 Kia Soul shuffles around its features and adds standard equipment for the new model, while also debuting two new options packages, the Premium Package and the Designer Collection Package.

The Premium Package, available on the top Exclaim trim level, adds two safety features new to the Soul: forward collision warning and lane departure warning. Also included are navigation with an 8-inch display, upgraded stereo, heated/ventilated front seats, heated rear seats, push button start, and several exterior upgrades as well.

We’ve always had a soft spot for the Soul; whenever we are asked for recommendations for affordable transportation (especially for young people), the Soul is one of the first cars we go to. It has a ton of standard features for a car in this class and its unique shape pays dividends when it comes to both cargo and passenger room. Styling remains quirky with its boxy shape and curvy bodywork. Personally, I like the look of the Soul, but I do realize that it isn’t for everyone. 16-inch steel wheels are standard, with 16-, 17-, and 18-inch alloy wheels optional. Also available are a panoramic sunroof, front fog lights, and LED daytime running lights.

The Soul is offered in three trim levels, Base, + (Plus), and ! (Exclaim). Base models get the Soul’s base engine, a 130-hp, 1.6-liter four-cylinder that is mated to a standard six-speed manual transmission or an optional six-speed automatic. The Plus and Exclaim models both get a larger, more powerful 164-hp, 2.0-liter four-cylinder that is only offered with a six-speed automatic. An Eco package, which adds a stop/start system and low rolling resistance tires for added efficiency is available on Plus models. Base models get 24/30 mpg city/highway, while the Plus and Exclaim return 23/31 mpg (the Eco package adds 1 city mpg).

Inside, the Soul’s cabin offers plenty of space; behind the rear seats you’ll find 24.2 cubic feet of cargo room. Standard features include Bluetooth (with audio streaming), power windows and locks, 60/40-split folding rear seat, tilt/telescoping steering wheel, and air conditioning. The UVO eServices technology suite is optional and offers features like geo-fencing, speed and curfew alerts, and a Driving Score app for parents of young drivers. There is also a new Kia app store, which allows the download of supporting applications from both iTunes and Google Play. Also available are a navigation system, automatic climate control, HD radio, heated front and rear seats, and leather upholstery.

The 2016 Soul got a full five-star overall rating from the NHTSA, their highest score. Six airbags, antilock brakes, and an electronic stability system are standard, while a rearview camera is optional. The Soul is also backed by one of the best warranties in the business, with 10 year/100,000 mile coverage on its powertrain.

Car Buying Secrets

Consumer Incentives

Zero percent financing, employee discount, cash back, out-the-door price tags...

Most dealers work hard to offer the public competitive prices. These incentives can grab your attention, but they can also obscure the actual terms you're getting on your purchase.

How can you fully understand incentives to get the lowest possible price on your car?

Finance & Insurance

Most state franchise laws prohibit manufacturers from selling cars directly to the public, so the dealer will be your middleman. But in terms of financing and insurance, you can choose a bank or the dealer directly.

How can you determine what's in your best interest?

Additional Costs

Destination charges, taxes, license and title fees, advertising fees... When going to a dealership, you must ask for an explanation of any fee you don't understand. But you need to choose your battles wisely. Your local car dealer may have taken a loss or slim profit along the way, and your fighting over something like a doc fee when the deal is nearly wrapped up may be counterproductive.

In any case, there are many fees and charges in the sale process: some inevitable, others questionable.

How do you tell them apart?

Trade-in Value

If you currently own a car, it probably represents profit. The question is, whose profit will it be?

With few exceptions, you'll get the most money for your used car by selling it privately. That's because dealers pay wholesale prices — not retail prices — for used cars, and they sell them at retail.

Your current car's value can be used to lower the price on your new car. However, most people underestimate their used car's value when going to a dealership.

How can you maximize your value?

Dealer Holdback

The car manufacturer holds back a fraction of the price of all vehicles the dealership sells. Then, it returns the money to the dealership, usually on a quarterly basis.

Dealer holdback began its life as a safety net that ensured the manufacturers would have a security deposit of sorts if a dealership missed payments, and the dealerships would have money on hand to cover overhead costs when the holdback was returned.

How can you take advantage of dealer holdbacks to get the bottom line price?

Dealer Incentives

Unlike consumer incentives, dealer incentives are factory-to-dealer incentives that reduce the dealer's true cost to buy the vehicle from the factory to below invoice.

Manufacturers offer these incentives on a regional basis to generate sales on specific models. These incentives are sometimes referred to as "spiffs," and they can touch off competition among dealers to move slower-selling stock.

For instance, a dealer incentive may kick in when a certain sales target is reached, with each subsequent sale resulting in a higher factory-to-dealer rebate.

How can you benefit from that?

Get your free quote above and we'll tell you these secrets.

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