How To Buy A Used Car Remotely

Post by 
Vettx
Published 
January 19, 2021
I

f you are in the used car business, you know it can be challenging with so much business done remotely right now. Used car acquisition is challenging enough when you can see the cars, but adding the element of acquiring used car inventory remotely increases the difficulty level. Due to pandemic restrictions, auctions and trade-ins are becoming less frequent.

 

Digital used car sales are becoming more popular than ever, making it a critical time for used car dealers who must adapt to a changing industry. Take a loOKat the private party channels available to you now like FaceboOKmarketplace, OfferUp, and CarGurus and platforms such as VETTX can also help dealers connect with sellers remotely.

 

Used Car Acquisition Remotely — Think like a Buyer

Since you can't physically see the car, it's important to think like a potential buyer would think. What are deal breakers for a buyer that would make him walk away from a purchase? You should be able to see the car on video, and you can loOKfor any eyesores that would keep away a potential buyer like major dents, scratches, or rust. 

 

Get to know the car's history. Has it been in any major accidents? Has it had regular maintenance performed? If you can get your hands on the car's records, that would then be something you could use as a selling point to a new buyer. 

 

If the car looks good and has accurate maintenance records it shouldn't be hard to resell to a buyer, even if the buyer is also working remotely. 

 

Get an Appraisal 

The appraisal can be a key component of both acquiring your inventory and then selling it to a buyer. An appraiser can do this without you present, and then you will know exactly what the car is worth before deciding whether to put it into your inventory in hopes of selling it. 

 

You wouldn't buy a home without an appraisal, and you shouldn't add cars to your inventory without an appraisal. That number is the key price point as you can then think about how much on top of its value you think you could sell it for, giving you an accurate representation into how much profit you could stand to make on a particular vehicle. 

 

 

stocking used car inventory

Inventory is Critical for Success

Inventory has been down across the country for auto dealers, but it is starting to improve. With online buying becoming more and more popular, there is a lot of competition between car dealers to get their hands on the right cars. You can stay ahead of the competition by spotting a good deal on inventory remotely and not hesitating to pounce on it. 

For more Information

Acquiring used car inventory remotely is the wave of the future. The global pandemic might have caused the change, but it is here to stay. Reach out and contact us today to learn all the ways VETTX can help you increase sales and profits by adding the right used cars to your inventory, even if you are unable to physically see the cars.

{{cta('d00de706-2ac3-4fc2-b40f-67aa8c17a72a','justifycenter')}}

Join Our VettX
Newsletter

We never share your info. View our Privacy Policy
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Join Our community
There's More

Post You might Also Like

All Posts
Private Party Acquisition
May
15
//
2023

What Is Private-Party Acquisition Software & The NIADA Conference ‘23?

Attendees of NIADA Accelerate Convention and Expo 2023, the largest expo in the independent auto industry, have an exclusive opportunity to see how VETTX car dealership software can increase their revenue by millions of dollars per year.
Dealership Advice
May
15
//
2023

Used Car Inventory Management Tips for Dealerships

Effective vehicle management can help you stay on top of your stock levels, make informed purchasing decisions, and ultimately sell more cars.
Buying Private Party
May
15
//
2023

Best Auto Buying Alternatives to Auctions

When it comes to buying cars for your dealership inventory, you don’t have to settle for the auctions of old.
Used Car Inventory
May
15
//
2023

Used Car Price Trends & What It Means for Dealerships

Used car price trends show that the cost of used cars is dropping. These trends have created new opportunities for car dealers to take advantage of to expand their inventory.
Buying Private Party
Mar
3
//
2023

Benefits Of Buying A Used Car From Private Sellers

Jamie Hashemi on the phoneNADA 2020 Jamie HashemiMatt & Donnie

@VETTX.INC

Max Fitzpatrick the Marketing DirectorNADA 2020 Ryan & KeithVettX company picnic