Buying a car is the second most prestigious thing after buying a house. There are two ways you can buy a vehicle – you can either approach an automobile dealer or do it yourself. The procedure to buy a car from a car dealer would be simpler rather than walking directly into a company. Car dealers arrange for some useful services of automobiles loans, automobile insurance, automobile warranty, automobile refinancing and so on. Dealer financing is probably the best route for a low interest car loan as they deal in large volume.
Automobile dealer are the bridge between automobile manufacturers and customers. They are primarily engaged in retailing new and used cars, sport utility vehicles and passenger and cargo vans. If you decide to complete the trade of buying the car by yourself you might actually land up paying more than the actual price of the car.
There are different dealers for different types of purchases mainly
1. Independent dealer: Independent dealer is a dealer who deals in used vehicles only. They derive revenue by selling used private automobiles. Independent dealer is far more flexible and offers unbiased and professional advice about proper vehicle selection.
2. Franchise dealer: Franchise dealer can sell both new as well as old automobiles. While selling new automobiles they have to enter into an agreement with the manufacturer. Franchise dealers have decreased in number however their sales volume has increased.
3. Wholesale dealer: A wholesale dealer is a dealer who buys and sells at wholesale from other licensed dealers. The license permitted to a wholesale dealer does not allow him to sell on retail basis anywhere.
If you’re in look out for an automobile dealer, you can easily access vehicle review, view pictures of vehicles; compare models and prices of different dealers. Automobile dealers increasingly use the internet to market new and used cars. Many websites also allow consumers to research insurance, financing, leasing, and warranty options. As a result, consumers are generally better informed and spend less time meeting with salespersons.