OpenCarPrice.com is an online community that tracks unique transaction data for new cars that previously only car dealers have access to. It is a shining example of how the wisdom of the crowds can drastically change the way business is done and save consumers lots of $$$.

According to NADA, identical cars can sell for prices that vary by hundreds, or even thousands of dollars. Dealers get away with that because car shoppers rarely know the real market prices of new cars.

Not any more! OpenCarPrice has 1000s of actual transaction prices and real quotes that people have received from dealers. You can quickly find out the market price of any car and use it as the basis to come up a fair price.

Pricing of new cars can be complicated and confusing. Who else would be in a better position to help than the people who are looking to buy the same car? Share the details of your car deal here and get advice and validation from your fellow car shoppers - you will be amazed how often someone out there knows something that can save you a lot of $$$$!

Car salesmen make a living negotiating deals (and most of us dont). If they sense that you are not sure or guessing, they will apply all sorts of tricks on you. The way to avoid endless negotiation is to figure out the market price and then make a firm offer. Once a car salesman realizes that you know what you are talking about, he will not waste time with you and will instead close a deal quickly. Make the offer over the phone instead of at the dealer's office, you can get it done at the price you want in 5 minutes!

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