"Understanding New and Used Car Dealerships"
Used car dealership or local vehicle distribution is a business that sells used cars at the retail level, with a dealership contract established with automobile manufacturers or its subsidiary. Usually there are many employed car salespeople work for them. Along with sales people, there could be mechanics that will do the maintenance works including spare auto parts selling and processing warranty claims.
In the United States and Canada, used car dealerships carry vehicles from many different manufacturers whereas new car dealerships are usually franchise based that are associated with only one or two auto manufacturers.
Selling a Car
For any new car salesperson, he/she must post a sticker showing the vehicle's details such as offering price and summary of car's features. Any dealership can display their inventory in a showroom. Usually, individual salesperson is working on the commission basis and they negotiate with potential buyers to make a decision on the final car purchase price which usually includes a trade-in price as well.
As an additional service, most car dealerships are offering some sort of financing options for the car buyers including loans, because it is becoming highly profitable business model for them. As a result, there has been issues of discriminatory of lending practices on the market where unfair deal was made out to private parties. Therefore many states now have regulated set of rules.
Getting a Auto Loan is not easy, but there is a way of getting the best deal on the market.