Car Dealership Chains Vs Independent Brokers
A car dealership, or auto body shop, is a privately owned business that sells used or new vehicles at the wholesale retail level, generally depending on a dealer contract with a manufacturer or its own sales division. It may also carry various types of Certified Preowned vehicles, sometimes referred to as "certified pre-owned" vehicles. It employs qualified auto salespeople to sell their own auto vehicles. The dealership buys the vehicle from an original manufacturer and reworks, exchanges, and sells the vehicle back to the original manufacturer or dealer, as an end-user. Some dealers buy directly from the manufacturer, retaining title; some dealers buy from private owners, who have purchased the vehicle from a private sale, and sell it back to the dealer under a dealer-client relationship. Click here to get more information about how car dealership and independent brokers differs.
When you're thinking about buying a new car, you should think about the dealer you want to buy it from - whether on the Internet, through a car dealership chain, or from a specific location - and what type of dealership record you will need. Car dealers aren't licensed to do anything with the title to your vehicle, so you will need to have a surety bond in place before a dealer will insure the vehicle legally. If the dealer has an existing liability insurance policy covering your purchase, this is information that you should obtain from them. The surety bond protects the dealer against any losses due to acts of negligence or fraud by the person buying the vehicle.
There are many things that a car dealership can do for you that you won't get when you buy a car "off the lot." A lot of car dealers will have an experienced trained salesman show you all the options of vehicles they have available. This helps you narrow down your choices. They may even offer to make a test drive with you. Car dealers can do more than meet you at the lot - they can come into your home or office and show you all the features of the automobile.
Purchasing a car dealership franchise is another option available through an independent dealership. Many car dealership franchises are sold as a type of franchise, and a large franchise company like Jaguar is selling thousands of cars each year. In most instances, a car dealership franchisee works under a master dealership group, which means they receive guidance and assistance from the parent company on issues concerning the sales, marketing, and customer service aspects of the business. If you have been looking at buying a car but don't know where to start, and don't want to commit to one dealership you will likely benefit from a car dealership franchise.
The last choice is to go with independent sellers, who often sell car dealer bonds and warranty protection packages independently of the actual dealership. Some independent sellers will also work as a broker, selling warranties as a part of the package offered by the actual dealership and also do repairs. Be sure to check out the independent seller's reputation, and the background and track record of the company before you buy any used car dealer bonds from them. You may find that there are far fewer problems associated with one of these options.
Car Dealership chains often sell bulk amounts of vehicles, so it is worth asking how many cars have been put on the lot for resale. Used car dealers often put a figure on how many cars they have on the lot that have been sold. This number is often not updated, so if you ask up front how many cars have been sold, you will be able to get the total number of cars available for sale at the dealership. If you get more information on how dealerships determine their inventory figure, you can use this number to calculate your dealer's invoice price.
Knowledge is power and so you would like to top up what you have learned in this article at https://en.wikipedia.org/wiki/Automobile_salesperson.
