Wholesale price of used cars are around 13.5% lower than the retail price of a new car, which is slightly lower than the wholesale price of a used car. The trade-in value for an average used vehicle is $6,518 (as per Consumers Digest). When you take into account the real cost of automotive ownership – maintenance, depreciation and other costs – it’s easy to see why car dealerships have become so lucrative for them.
Benefits of Wholesale price of used cars
1. Lower-than-retail price for used car saves you money.
This is the obvious benefit one gets when they opt for a used car. When you choose to buy a used car, you can save some money as compared to purchasing a new vehicle. Without putting much effort, you can save 13.5% on the purchase price of your used car with the wholesale price of used cars.
2. Get more options to choose from with wholesale price of used cars.
If you are keen on buying a new vehicle, then you would know that there are millions of options available in the market and all of them are not equally suited to your taste and needs and all your requirements cannot be fulfilled by any single car model or brand. In such cases, you need to be a little flexible and that is why buying a used car becomes even more important. It will give you the chance to choose from a wide range of cars available.
3. Save more money on insurance and registration fees with wholesale price of used cars.
Cheap automobile insurance: If you are purchasing a new vehicle, then the price of insuring your vehicle is equal to its MSRP minus whatever deal or bargain you were able to get. On the other hand, if you buy a used car, it’s easier for you to get cheaper insurance options as compared to buying new vehicles.
