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How good are GM Online Auction prices?
I went to a GM dealer the other day and he offered me the chance to check out the GM Online Auction. He said the prices are the best you are going to get but that could just be the salesman in him talking. The point of the auctions is GM has a 3rd party check out the car and post everything about the car. Once you agree to buy it, it's yours even though you havn't even seen it in real life. That's why the prices are supposed to be so good. michelle m The dealer told me it's the listed cost + $1,400 for fee's (and i'm guessing some profit for them). They said if there is more than $400 in damage that was not described, then you can refuse the car.
Public Comments
- I actually used to be a buyer for a major dealership. All I did was buy cars for the lots. Be very careful. You need to educate yourself on auctions system and rules. Because if you do not like the car after you buy it you are pretty stuck. Except for major issues like frame damage that was not disclosed in advance you will not be able to return the car. Also I hope you know what the dealer is doing is ILLEGAL. Those auctions are not open to the public BY LAW. You have to have a dealers license to bid and or buy. I have seen dealers bring customers to auctions or buy a car for them from an online sale and they can loose their license and get a huge fine if caught. The public is not suppost to involved with the auction process at all. And sense you do not know how it works I would advize you to stay out of it. The dealer can take advantage of you very easily. Also I would be careful of something that sounds too good to be true. Some auctions do not have to disclose everything that is wrong with the cars. Buying a car site unseen is not a good idea.
- Hi
You can get a good cheap car from auctions , you will find thousands of different auction and repo cars really cheap at http://www.carauctions.co.nr
Hope this helps
