Understanding Wholesale Car Prices
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Wholesale car prices are the prices at which dealerships acquire their vehicles. This is similar, although not the same as the invoice price. The invoice price is the price the dealer pays which includes delivery freight charges but may not be the final price because of discounts, rebates or other savings that are applied. Normally, wholesale car prices are for dealers only. They buy the cars at wholesale, then mark them up to retail. The difference between wholesale and retail price,minus overhead, is the profit of the dealership when the car is sold. Because there is a markup, many dealers can be talked down to a certain point when it comes to price.
Now, usually consumers don't get cars at wholesale. However, it is possible. You just need to know where and how to shop. One of the best places to look when searching for discount automobiles is auctions. There are many different kinds of auctions where you can find great prices on cars. There are car auctions, where dealers go to buy cars for their dealerships. These auto auctions are not reserved for dealers only, as the public can also attend. There are also FBI auctions, foreclosure auctions, bankruptcy auctions and other auctions where you can get big discounts on cars.
Then there are online auctions at sites like Ebay Motors. Ebay Motors is a division of Ebay which specializes in selling automobiles of all kinds as well as accessories and parts. You can often find great prices on Ebay, and automobiles are no exception. The key is to only deal with sellers who are trustworthy. You can easily check a seller's feedback rating on Ebay to make sure they have a history of positive feedback. When shopping online for a car, always make sure you understand the terms of the sale and any freight fees which apply.
Sometimes, you can pay to have the car delivered to you or you can go pick it up. It all depends on the auction and the seller. All in all, auctions are perhaps the very best way to get wholesale car prices on a wide array of new and used automobiles of all kinds. It may seem overwhelming or intimidating to shop at auctions in the beginning, but after you attend a few you will become more confident and learn how to acquire the very best deals on new and used cars just like the pros do.
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