Comments for Used Cars - Car Dealers - Maintenance and Buying Tips http://www.loneoakusedcars.com Wed, 03 Nov 2010 14:03:19 +0000 hourly 1 http://wordpress.org/?v=3.3.2 Comment on Tips For Buying a Used Car That Can Really Help by N http://www.loneoakusedcars.com/15/tips-for-buying-a-used-car-that-can-really-help/#comment-3 N Wed, 03 Nov 2010 14:03:19 +0000 http://www.loneoakusedcars.com/?p=15#comment-3 Big auctions like Manheim & Adesa and known as "retail" auctions because cars bring so much when there are competitive bidders. (Even though they are supposedly "dealer only" auctions) You will see lots of retail buyers at most sales. They pay dealers to bring them.Complete with their "edmunds used car price guide" direct from the bookstore. Smart dealers SELL at the big auctions and buy directly from new car dealers and/or much smaller dealer auctions. Unless you know what you are doing, you are likely to overpay anywhere you buy for the first 6 months or so. Your first few years actually, if you last, you will look back & laugh at how little you knew. Just because you got a license and have a lot doesn't mean you are "ready". You have a whole lot of expensive eduction ahead of you. That doesn't mean you wont make money, its just you will make far less than if you were a much better buyer. I used to go to 3-4 auctions a week,even when I had no intention of buying anything. That's how you KNOW a bargain when you might see one. Big auctions like Manheim & Adesa and known as “retail” auctions because cars bring so much when there are competitive bidders. (Even though they are supposedly “dealer only” auctions)

You will see lots of retail buyers at most sales. They pay dealers to bring them.Complete with their “edmunds used car price guide” direct from the bookstore.

Smart dealers SELL at the big auctions and buy directly from new car dealers and/or much smaller dealer auctions.

Unless you know what you are doing, you are likely to overpay anywhere you buy for the first 6 months or so.

Your first few years actually, if you last, you will look back & laugh at how little you knew.

Just because you got a license and have a lot doesn’t mean you are “ready”. You have a whole lot of expensive eduction ahead of you.

That doesn’t mean you wont make money, its just you will make far less than if you were a much better buyer.

I used to go to 3-4 auctions a week,even when I had no intention of buying anything.

That’s how you KNOW a bargain when you might see one.

]]> Comment on Tips For Buying a Used Car That Can Really Help by JetDoc http://www.loneoakusedcars.com/15/tips-for-buying-a-used-car-that-can-really-help/#comment-2 JetDoc Wed, 03 Nov 2010 13:31:39 +0000 http://www.loneoakusedcars.com/?p=15#comment-2 Cars sold at auctions that are open to the general public will probably end up selling for more than 'dealer only' auctions. That's because non-dealer buyers would be willing to bid higher on a car they want to own rather than a dealer who is looking to make a profit by reselling the car. I'd look for auction houses that sell to dealers only, as you have a better chance of buying stock at wholesale prices. Cars sold at auctions that are open to the general public will probably end up selling for more than ‘dealer only’ auctions. That’s because non-dealer buyers would be willing to bid higher on a car they want to own rather than a dealer who is looking to make a profit by reselling the car.

I’d look for auction houses that sell to dealers only, as you have a better chance of buying stock at wholesale prices.

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