GM to Experiment Selling New Cars on Ebay
Dealer franchise laws make this difficult because by law, you are only allowd to buy a new car at a dealership. You simply can't order a car direct from the manufacturer.
Now that GM is coming out of bankruptcy, they seem to have more wiggle room in regards to selling cars in non-traditional ways.
GM will begin experimenting selling new cars via auction on Ebay Motors.
The cars will still be sold through dealers, but this will give car buyers a new option when it comes to negotiating a deal.
The auctions will only be offered in California and will include the "buy it now" option. The launch date has not been set yet, but we'll let you know when it does.
As with most new programs, there will probably be some exceptional deals in the beginning to lure buyers. It will probably be worth your while to try it out when this becomes available.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid