There’s no doubt that buying a used car can be a stressful experience. How do you know you’re getting the best deal? How do you know you’re getting a good vehicle? These concerns are valid and common among potential buyers. To get a good vehicle at a good price, you have to know where to look and who to trust.
Tap into the wholesale market
For every product in North America, there’s an underlying wholesale market where retailers purchase products in bulk at wholesale prices. The same is true in the world of used cars. Thousands of used cars are sold everyday at attractive wholesale prices, but unfortunately this market is heavily regulated and isn’t usually open to the public. Instead, it’s reserved for auto leasing companies and used car dealers who can purchase in volume. These buyers know how to sift through the potential duds, get to the gems, and basically hit the used car jackpot. They snatch up these vehicles at low prices, mark them up, and put them on their lots for the average auto consumer to purchase.
This wholesale marketplace is also much more transparent compared to its retail counterpart. The vehicle history and all known issues are clearly communicated during the auctioning process. This isn’t always the case when you buy from a used car dealership, which is likely the reason for the bad reputation that has plagued the industry for many years.
So how can you get access to this amazing resource and get wholesale pricing on quality used vehicles with no unpleasant surprises? Fortunately, there is a way to do it that not many people know about.
Work with a reputable car buying service
By working with a professional car buying service, also known as a used car broker, you can gain access to the wholesale, dealer-only, used car market. These companies have extensive experience buying used vehicles every day. They know how to find those diamonds in the rough–the cars that are in better condition with better options. Whatever you specify, they can find it.
Professional car buying services also take care of the background checks, inspections and paperwork. They keep you informed at every step, so you can rest easy knowing you’re getting exactly what you want. The only additional cost is their fee, which is still much lower than the retail markup.
Knowing your options is the key to success
Next time you shop for a used car, remember that there is an alternative to retail shopping that has plenty of advantages. All you need to do is hire a reputable auto buying service or work with your local used car broker to take advantage of buying direct. Just be sure to have patience, because finding a deal on a car you really want can take some time.
TorontoCarAuction.ca is an experienced team of used car brokers. We help alleviate anxiety around buying a used car by providing advice and expertise on how to find the best vehicle for your budget.