What You Should Know About Online Car Buying

ONLINE CAR BUYING

The trend was already on the rise and 2020 took the demand for online car buying to the next level. From research and financing to purchasing, you can now purchase your next vehicle within the comfort of your own home. 

Thoughtful young woman gesturing with cloud above her head

33 million people who don’t currently own a car are considering purchasing a vehicle. 60% of buyers are open to the idea of buying a vehicle online.

RESEARCH PROCESS

52% of car buyers don’t have a specific model in mind when beginning the search for a new automobile.  48% of people spend between 1 and 3 months considering and researching before making a purchase. 80% of people use the internet to do research before purchasing a new car.

AUTO FINANCING

Online Credit Approval & Co-Applicant Forms – Most dealership websites reside behind a  firewall and use SSL (Secure Sockets Layer) to protect and transmit your  personal data. Pre-Qualifying for a loan is important for a seamless car buying process. 

New Vehicle Loans have an average loan term of 72 months. Used Vehicle Loans have an average loan term of 65.3 months.  Used vehicle loans are typically $11,000 cheaper than new vehicle loans.

AUTO SHOPPING

66% of buyers start undecided on where to buy. On average, buyers contact 3 dealerships and visit 2 dealerships. At home test drives can be delivered up to an average of 50 miles. 98% of people who had an at home test drive said they were helpful in the decision making process.

AUTO PURCHASING

Best Priced Dealerships – Best Priced Dealerships take out the frustration and dissatisfaction of the car buying process. They believe in honesty and taking care of their guests. You get the best price whether you’re online or in-person, so there is no need for negotiating.  Online car buying allows you to sign paperwork at home, on your own time. Most dealerships will take a deposit to hold your vehicle until your paperwork is completed.

3 hours is the average time guests spend in-person at a dealership during the purchasing process. Over half the time is spent negotiating prices and doing paperwork. 45 minutes is the average time guests spend in-person at a Best Priced Dealership signing paperwork. Buy with confidence with 7 day money back guarantee and 30 day exchange offer.

Car buying is changing, and we believe for the best. Purchasing a vehicle online has never been easier. You already do all your research online and know exactly what you are looking for. Get answers to all your questions and communicate with the dealership through the entire car buying process without having to leave the comfort of your home!

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