You can research cars wholesale value how much it can cost on KBB website. Once it gives you its final price, which might be even lower, ask it to send you a copy of the invoice so that you can compare the price it quotes with the wholesale price on the invoice. In addition to the above costs, a dealer may also receive certain discounts for making vehicles available for fleet customers or very Internet savvy consumers.
For instance, dealers need to pay for destination charges, or shipping costs, as well as other fees for dealer prep items such as anti-stain treatment, rust proofing and pin striping.
However, before you dial your cell with your credit card in hand, think about this. Steve Lander has been a writer since 1996, with experience in the fields of financial services, real estate and technology.
General depreciation can be calculated if you know the salvage value, using the following equation: You need to know the exact vehicle that you want.
Another way to obtain the wholesale value of a car is to have it appraised by a local dealer.
Start as low as possible and make them meet you as close to the price as possible. As an example, a 2005 Buick Century bought in California's Central Valley that was very well cared for would have a higher wholesale value than the same car that was kept somewhere like Minnesota or Wisconsin, where the roads are salted quite often during winter. This fact eliminates most of the general public from taking advantage of these deals.
If you do not live in a cold climate, be aware that many cars driven in the north could have considerable rust from winter roads.
Always have a list of questions to be answered before you buy any vehicle, including the condition of the car, inside and out, the history of maintenance and repairs, and the possibility of an extended warranty.
You should always give the vehicle s you are interested in bidding on a quick inspection. You can find a number of different types of cars at the auctions. To get started, simply visit the cars direct new-car search page. How to Buy Lease End Vehicles.
Learn More. If a dealer sells you the car at the wholesale invoice price and gives you all of the incentives, it's still going to make a profit.