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How to Stop Missing Out on Cheap Brand New Cars?

By Mike Richards Updated: 05/22/2019 Posted: 10/24/2015

If there’s one thing most people hate, it’s missing out on a great deal when they’re shopping for a major purchase. Here’s how you too can stop missing out on cheap brand new cars without sacrificing quality.

Avoid Car Salesmen

Your first step in saving money on buying a cheapest brand new car is to avoid buying from a dealership. Car salesmen often employ “hard sell” tactics. This makes negotiating a good deal very difficult even for the shrewdest negotiator.

The Best Kept Secret of the Industry

Did you ever think about where your new car dealership gets all their vehicles that they sell? The same place that bookstores get their books and furniture stores get their furniture – from a wholesaler. Wholesale prices of any goods are set low – sometimes anywhere from 40 percent to 60 percent of the manufacturer’s suggested retail price – and it’s the same in the auto industry.

These wholesale outlets, when it comes to cars, take the form of new car auctions. Car manufacturers or even other dealers with excess stock will seek to move their inventory as quickly as possible before the vehicle begins to depreciate in value.

However,  unless you’ve got your own dealer’s license, there’s no way you’re getting in without some outside help. For that, you’ll need to befriend someone with their own dealer’s license. If he or she is willing to let you accompany them to their next dealer auction, and if you’re both comfortable with your dealer friend bidding on vehicles with your own money, a brand new car priced at wholesale may be in your immediate future.

The Internet to the Rescue

Of course, not everyone who wants to save big on new cars will be able to find a friend or even a family member who can get them into the closest dealer auction. However, you’re not out of luck in this situation. In fact, thanks to the powers of the Internet you can now bid on new car certain auctions over the internet.

However, even though new car auctions have moved into the online era, you’re still going to need a dealer’s license to access an auction’s inventory of vehicles and make your bid.

Thankfully, there are third-party proxy bidding companies that can do the bidding for you. All you need is to provide one of these companies a nominal fee and they’ll use their own dealer’s license to access online car auctions in your name. Before you know it, you can be driving that cheap yet brand new car of your dreams (hatchback Kia, sedan Chevrolet, Toyota Yaris, Hyundai, Nissan, etc).

Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work and Buying With Us.