Different Types Of Car Dealerships
Different types of car dealers and dealerships:
There are hundreds of ways to buy a pre-owned or used car. Depending on what you want there are several different variations of broker located in Aurora, Lakewood, Wheatridge, Thornton or Denver. What kind of dealers or dealerships are there and what can they do for you? Below is a list of all the different car dealers and dealerships you can go to and buy a pre-owned or used car.
Auto Broker: An automotive broker will go out and try and find the car, truck or SUV you want. All you need to do is give them specifications on what you’re looking for and they’ll do the rest for you. You can zero in on price, type, color, model, size and whatever else you think of. They do all the work while you can go about your daily life without wasting hours upon hours with salesman you don’t like or don’t want to deal with. They call in periodically and you don’t make the purchase until they ok with you. Keep in mind, if you agree to the purchase you have to buy the car but they won’t just buy a car randomly for no reason.
Wholesale dealer: A wholesaler will sell you a car for a few hundred or a $1000 or so above value. This can be a great deal if you can find an honest wholesale dealer. The problem is that most wholesale dealers work for bigger dealerships exclusively. If you find one who will work with you they will often take you to the auction where other dealers and dealerships buy used cars to sell on their car lots. This is where you can find the very best deals but the trouble is finding one who will work with you as a courtesy or a favor.
Large auto dealer: A large auto dealer is one that usually has hundreds of cars on their car lot. They are usually a part of a dealer group that has several investors involved in putting up the money to ensure success. Some of these larger dealers have big name backing such as John Elway or Michael Jordan depending on where they’re located. Dealers like this have all the backing to be successful and are usually a little higher pressure because of all the money and all the different people involved. They are completely driven by sales and numbers and most of the time the experience is impersonal and pushy.
Bad credit or buy here pay here dealers: These types of dealers or dealerships are directed towards people with bad credit or no credit. If you have credit issues that won’t be solved any time soon the best thing to do is to go to one of these dealers. They often time won’t check your credit or won’t care about what your credit score is. They take your loan on in house and you make your payments there. If you have bad credit, no credit or a low down payment than you’ll want to go to a buy here pay here dealer.
Special finance dealer: Special finance is similar to a buy here pay here or bad credit dealer. The only difference is that they work with banks that specialize in working with people with bad credit or no credit. Instead of taking on your loan in house they sell your loan off to banks that accept bad credit customers.