Previously used, or secondhand, cars in Germany have a big market, and similar to America, contribute a substantial amount of money to the Gross Domestic Product (GDP).
The cars are sold via multiple types of outlets, such as
independent and franchise dealers
businesses who buy the cars at a lower rate and then, after repairs and refurbishing, sell them at a profit.
‘No haggle’ or ‘no negotiations’ retailers that offer certified deals, which have an extended warranty period with other service plans.
Individuals themselves can sell/buy secondhand vehicles through newspapers or websites.
There are even companies that provide their customers with an offer to exchange their old cars for cash when buying new ones. This enables them to sell the acquired vehicles at a price higher than the cost they paid for it.
People also import secondhand cars from other countries. By accessing websites that sell the product, a client would need to confirm a dealer, then place a down payment through a credit card, and confirm his or her address.
The dealership provides all the documentation in the local language and, once all transactions are completed, hands over the keys to the buyer. A client also has the option of acquiring an insurance policy sold by the company.
After the purchase, registration of the vehicle is required, which is at times complex as different policies apply to different kinds of cars.
Last Updated on : 25th June 2013