How do I Buy Used Lexus Cars Wholesale?

Buying a pre-owned luxury vehicle at wholesale price is the best of both worlds. You get the benefit of owning a high-end automobile while paying a rock-bottom price. To buy a used Lexus wholesale, you should plan to attend an auction.

Instructions

1




Find an auto auction

Locate an auction. Types of auctions include: private auctions for authorized dealers, public police-impound auctions, public government auctions for seized property.

Lists of auctions can be found online. The websites may require a membership fee to get access to the information.

2




Do your homework, check out pricing

Compare prices. For a point of reference, go to the Lexus website to check out prices of new vehicles. Use an automobile price resource guide to find what the cost would be for the same model when used.

3




Buy wholesale and save

Decide in advance what you are willing to pay for the car. When buying at an auction, you could pay as low as 60 percent below retail.

4




Check out the car

Inspect the vehicle before buying. If the auction has a preview day, visually inspect the vehicle and start it. Listen to the engine. Test the lights, heat, air conditioning and brakes. Auctions do not allow customers to test-drive vehicles.

5




Be ready to pay for the Lexus, if yours is high bid.

Participate in the auction. Be prepared to pay for the vehicle on the spot, or within a day or two of the event, depending on that auction's requirements.