Photo: Dusan Petkovic (Shutterstock) Photo: Dusan Petkovic (Shutterstock)Is it cheaper to buy your car online, or is it better to stick with a traditional auto dealership? Traditional car dealership vs. online sitesWhile the share of vehicles sold online is small (just 10-15%, according to Bloomberg) online vehicle marketplaces like Carvana and Vroom have become more viable, “no-touch” car-buying options during the pandemic. Depending on your timing and knowledge of the market, you can negotiate on things like the car price, add-ons, and financing to get a really good deal. Lastly, if you aren’t comfortable buying a car sight-unseen, car dealerships will let you test drive the car, so you’ll know exactly what you’re buying. Bottom lineThere are some trade-offs with either the online or traditional dealership models, but it’s actually best to use a mix of both options.

Source: The Nation April 02, 2021 15:00 UTC