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re: Anyone used a private auto broker to buy a used car?
Posted on 9/28/17 at 6:19 pm to GoIrish02
Posted on 9/28/17 at 6:19 pm to GoIrish02
I work at the auctions, and I always wondered why this isnt more common.
Some notes
-The average difference from what a dealer pays at auction and what they sell it for is about 3200~ but obviously varies.
-Average auction fees include 250$ sale fee, and another 50 or so for PSI and purchasing online.
-I strongly recommend getting a post sale inspection (PSI). It's 50$, and gives you a frame/mechanical inspection.
-Ask the broker for a condition report and read it. If buying something relatively new, don't buy anything under a 4.0 CR. Watch for announcements and read the whole thing
-Transport can be 100$ if local, up to about 800$ if cross country
-The broker is going to want to make 500$ or so after sale price and all fees.
-I agree with sticking to buying from manufacturer finance companies. These are a mix of repos and lease returns.
If you want to know anything else let me know.
Doesn't have anything to do with it. Dallas just has the highest auction prices in the country.
Some notes
-The average difference from what a dealer pays at auction and what they sell it for is about 3200~ but obviously varies.
-Average auction fees include 250$ sale fee, and another 50 or so for PSI and purchasing online.
-I strongly recommend getting a post sale inspection (PSI). It's 50$, and gives you a frame/mechanical inspection.
-Ask the broker for a condition report and read it. If buying something relatively new, don't buy anything under a 4.0 CR. Watch for announcements and read the whole thing
-Transport can be 100$ if local, up to about 800$ if cross country
-The broker is going to want to make 500$ or so after sale price and all fees.
-I agree with sticking to buying from manufacturer finance companies. These are a mix of repos and lease returns.
If you want to know anything else let me know.
quote:
I have a theory that similar infinity's can sell a few k cheaper in Nashville due to their employees getting new cars every year. I compared similar models of the infinity qx80 at Carmax and another site and found them to be cheaper in Nashville than say Dallas.
Doesn't have anything to do with it. Dallas just has the highest auction prices in the country.
This post was edited on 9/28/17 at 6:22 pm
Posted on 9/29/17 at 2:19 pm to Retrograde
Do you work at Manheim / Cox?
It was interesting watching the auctions online. What are the pros & cons between being online and in person?
Appreciate the insight into the business from someone on the inside.
It was interesting watching the auctions online. What are the pros & cons between being online and in person?
Appreciate the insight into the business from someone on the inside.
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