There are lots of large companies that call themselves “buying services,” including insurance companies, lenders, banks and credit card companies. Now what do these companies really know about every day auto pricing other than what their dealer partners give them? Yes- that’s right – the dealers pay these companies for “hot leads”- just like you. Now think about it- is that “buying service” going to be in your corner or their dealer’s corner?
In addition, they know little or nothing about what your trade-in is worth other than what anyone can see in Blue Books, Yellow Books and online services. Those figures are rarely accurate. The used auto market changes weekly based on supply and demand at auctions. And who is going to tell you which, if any, aftermarket products to buy- these are huge profit centers for dealers and can raise your monthly payment by large amounts. That’s why you need me when buying a car in Maryland- a seasoned auto professional.
Here’s an interesting story. I had a client tell me he wanted a used Ferrari for $65,000 he saw in the paper in Virginia. I looked at the car and told him NOT to buy it. It showed signs of being in a major wreck. He did not listen and bought it anyway. He discovered I was right at his first oil change when his mechanic told him this car had been wrecked badly and had repaired frame damage. He sold the car at a $15,000 loss. A word to the wise, knowledge can be powerful.
Need advice on a new or used car purchase? Contact Stucars Maryland Car Buying Service today for a free consultation – 410-703-1750
