How to Buy Cheap Used Cars in Virginia
Are you looking for cheap used cars in Virginia?
There are several options to get the best buy on a used car. Rarely do they involve just getting “lucky”. All of them are going to take a little extra work on your part as a buyer. But of course, the payoff in savings is usually well worth it.
So, let’s get right into it and you can pick the option(s) that’s best for you.
What Is A “Best Buy” Price, Anyway?
Okay, this is the starting point. You first have to have an understanding of what is a “cheap price” to begin with.
Cars are not like clothing or other products that are retail valued at twice their wholesale cost. The average used car profit at a Dealer is right around $2,000. You can probably add another $1,000 to this figure by eliminating avoidable Dealer costs such as sales commissions, advertising costs, rent and other Dealer overhead items.
This is accomplished, of course, by not buying your car from a Dealer.
The wholesale price is a car’s trade-in value. That’s what cars sell for at Dealer-Only car auctions. For a consumer, this would be a “great price” for a car. In my opinion, getting this price would make a car purchase “cheap”.
Getting even a better price than trade-in would be an “outstanding” buy. This also is possible, but again, it will take some work and patience.
So, a somewhat simplistic approach would be to target roughly $3,000 off of the going retail price. However, for a more detailed explanation of trade-in and wholesale car values, please see visit http://www.planetauto.info
The Best Alternatives For Finding Cheap Cars:
Public Car Auctions: This is probably the best outlet for getting a car below it’s trade-in value, and often far below. There really are “cheap cars” at auctions. And anyone can go … no license is required.
These are bank repo, government and police seized car auctions and there are definitely some deals to be had. While learning “how” to buy a car at an auction isn’t difficult, actually locating them in your area can be. Also, finding the exact car you want may take more than going to a single auction.
While many cars at these auctions are high mileage vehicles, some in need of repair, I’d estimate that 15% to 20% are of the low-mileage, late-model variety that were simply brand new cars a few months ago. And due to the current financial crisis, this is a fast growing segment. There’s some real bargains here.
To learn more, you can take a look at this more extensive article on using and locating open-to-the-public car auctions.
Used Car dealers: Next, there are Car Brokers like us. But you should understand what we are capable of and what our limitations are.
Most of us purchase vehicles primarily at Dealer-Only auctions. This means we pay the going “trade-in value” for a car. And then, because brokers should have much lower costs than a traditional Dealership, they can then put a small markup on the car.
The result for the consumer, depending on the actual price paid by the broker, will be a price very near the actual trade-in value for the car.
Using a used car dealer, however, is actually an “easy” method for the car buyer. It takes very little effort because the dealer does the work. But if you do the work, there are even better deals. So keep this points in mind this will really help you to find cheap used car in Virginia.
About Author
Planet Auto Inc is authorized dealer of used cars in Virginia, If you are looking for used cars in Virginia planetauto.info will be the best place for you. Planet Auto Inc has variety of cheap used cars in Virginia, certified used cars in Virginia, low cost used cars in Hampton roads, military used cars in Virginia.
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