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What is Wholesale Pricing?

Posted at Mon, May 25, 2020 10:45 AM

Purchasing a Wholesale Truck: What Does it Mean?

Have you thought about purchasing a truck this year? Are you searching for that extra incentive to give you the best deal possible? You may have seen that some new and pre-owned trucks can be purchased at wholesale prices. This means the truck is listed at the same price the dealer received it from the manufacturer or seller.

Gather Information about the Truck

Your first step to purchasing wholesale trucks is to do plenty of research. If you know the truck you are interested in, you need to collect as much data on it as possible. This includes the engine size, wheel package, trim options, mileage, and features. The more you can learn about the wholesale used truck, the more accurate you’ll be when figuring out the wholesale price.

Learn About Rebates and Incentives

Sometimes a dealer will use certain rebates and incentives tied to regional or national programs to help them sell at wholesale costs. So you will want to include terms like rebate in your search and look through the available incentives listed on each vehicle. These allow some wiggle room for the dealer to further discount the truck. As an example, if you are looking at purchasing a truck with a $30,000 suggested price tag and a $35,000 original invoice price. The dealer might have a $6,000 incentive listed on that truck for the sale. That means the true wholesale cost to that dealer was about $29,000.

There are often incentives given to dealers for selling certain amounts of specific models, vehicle types, or generating revenue in a certain time frame. This helps dealerships offset that cost.

If you’re interested in purchasing a truck at wholesale price, give our team a call or contact us online today!

Are You Looking to Sell a Truck at Wholesale Price?

If you’ve thought about making a profit and offering wholesales trucks for sale, there are some things you should know. We purchase certain trucks and can help you through this process.

Make sure you have the right licensing. Some states have requirements that wholesale truck dealers need a license to operate. While you might not be required to have this, having the right licenses will cut down on fees and taxes. For more information, be sure you talk to your local DMV before selling.

Make sure you inspect every truck carefully. This is most important for those who want to resell wholesale trucks because you’ll be the one having to answer to customers. It may also cost you money down the road as you make repairs to the trucks. Print out a checklist of things you want to look for during the inspection process.

Whether you’re buying or selling wholesale trucks, our team is here for you. Get in touch so we can talk details and ensure you get the information you need. With the right time and effort you can get the deal you want. We want to make that happen.

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