GM Dealers Begin Selling Cars on Ebay
The trial program is scheduled to last until September 8th, but will likely be expanded nationwide after that.
About 90% of California GM dealers are participating and in total are listing around 20,000 vehicles.
You can browse the inventory at gm.ebay.com. The listings are not actually auctions.
The way it works is the dealer offers a sales price that you can accept right off the bat, or you can submit your own price.
If you submit your own price, you will end up doing a back-and-forth negotiation, much like you would at the dealership.
Therefore, this program isn't really innovative. It's just a different way of negotiating for a new car.
It's definetley worth a try though. Dealers may be willing to negotiate good deals just to help promote the program.
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