Frequently Asked Questions
Group Buying For Cars℠
How are buckets grouped?
CarBuckets℠ are grouped first by the city/market where you live, and then by the make (i.e., Toyota, Honda, Hyundai, etc.). Within each bucket, there are a variety of different models (i.e., Camry, Prius, RAV4, etc.) all corresponding to one brand. Once a bucket is filled, dealers will go in and price each model at the trim of their choosing.
How long does it take for a CarBucket℠ to get filled?
We close each CarBucket℠ on the third week of the month or when a bucket is full of committed car buyers, whichever comes first. However, generally speaking, it will likely be on the third week of the month. It's strategic.
First, it allows us to gather and analyze all monthly incentive data, which begins to pour in slowly at the beginning of the month. Monthly manufacturer incentives are basically promo codes for the automotive industry. They're always changing! As soon as these incentives/promo codes start trickling in, we'll load them onto our site. You'll get to select your qualifying incentives, which will then be applied as discounts to your final CarBuckets℠ price.
Secondly, you'll likely get steeper discounts waiting for month's end. It's no surprise dealers are more incentivized to give better deals at the end of the month.
Lastly, size does matter. We want each CarBucket℠ to be as big as possible before presenting it to our registered dealers. Why? The bigger the group, the bigger the savings.
What happens if I join a CarBucket℠ after a bucket has closed?
Not a problem. When one bucket closes, another bucket opens. However, keep in mind that we close each bucket on the third week of the month. If you join at the very beginning of the month or at the very end of the month, it's likely that incentive data is still pouring in. If that's the case, we'll message you when all incentives are in, so you can select your qualifying incentives. No one walks away from online promo codes. By Step 3, you'll know if incentives for that month are in.
Why do I only have five days after getting my CarBuckets℠ price to test drive the car?
Dealers are constantly turning over inventory. Therefore, to keep business moving, they can only hold your car for 5 days. Otherwise, they'd want you to put down a deposit. Of course, if there are extenuating circumstances that prohibit you from making the 5-day window, reach out to us, and we will try to work with you. We are people too and we know that things pop up.
Can I join multiple buckets?
You can join as many CarBuckets℠ as your heart desires. Keep in mind, there is also an added benefit to joining multiple buckets.
Benefits of joining competing brand buckets in same city
There are many different factors that affect car prices. Different brands have different manufacturer incentives and manufacturer production rates – both affect how low dealers can go when pricing new cars. If you like two brands of cars, we suggest joining two buckets to see which manufacturer offers the more attractive price. Just remember, if you join two CarBuckets℠, you are on the hook for two test drives.
Benefits of joining multiple same-brand buckets in nearby markets
Dealer inventories vary from market-to-market and week-to-week. Our advice is to join two neighboring markets to see which one offers the better value. Again, you need to test drive at each winning dealership to avoid a no-show penalty.
Choosing Your Car
Why do I have to choose two color options?
By choosing two color options, the searches broaden. All dealers have different inventories, so by selecting two color options you give all dealers the opportunity to bid on each customer.
What if I want to select a specific trim for my car?
CarBuckets℠ is geared for the buyer who knows he/she wants a certain model in a certain color. The intended CarBucket℠ user is not specific when it comes to trim options. If you want a specific trim, we suggest joining a CarBucket℠, locking in the lowest market value for the specific model, and then working with the dealership to negotiate add-ins. At that point, the hard work (negotiation) has been done for you. Trim options and add-ins should be easy-peasy at this point.
Financing & Pricing
How do you get to my price?
- - Manufacturer Incentives
- - Dealer Discount
- + Bumping allowance
- + Dealer Fee
- + all other Dealer Processing Fees
- = FINAL REAL OUT-THE-DOOR CARBUCKETS PRICE (before tax, tag, and title)
What if I want to lease a car?
CarBuckets℠ is still the place for you. Your monthly lease payments are actually based on the purchase price you negotiate. So, join a CarBucket℠, lock in a low purchase price and voila you've also gotten yourself a low monthly payment for the lease. When you arrive at the dealership for the test drive, let me know you want to lease, not buy.
How do I know I am getting the lowest market price for my new car?
When we come together, big things happen. Volume sales means dealers can give greater discounts than they normally would when selling to a single buyer. Why? Imagine if they lost all those sales. And... even if they sold cars at a loss just to win a bucket, dealers get manufacturer bonuses based on the number of cars they sell. So, at the end, dealerships make up for those losses and then some. Bottom line, our platform is mutually beneficially to consumers and dealers.
You are free to shop around if you'd like, but you'll see your CarBuckets℠ price is unbeatable, and most importantly fully transparent. The price you see with us, is the price you get. Other automotive platforms cannot say the same.
OK, I got the email with my price. What happens next?
You have five days from the time you receive that email to test drive the car at the winning dealership. Once you've completed the test drive, the dealership notifies CarBuckets℠, so you don't get charged the no-show fee. There is no obligation to buy the car.
If after the test drive, you are certain this is the car you want. Well, you've got one smokin' price locked in thanks to the benefit of Group Buying for Cars.℠ From there, it's business as usual.
I want to trade in my car. How do apply that value to the sale of my new car?
Great, we can help you with that. Join CarBuckets℠ and go through the process. The key to buying or leasing a car is to first lock in the lowest purchase price possible for your new car. CarBuckets℠ can help with that.
Once you've got that price, find out how much your current car is worth, before heading to the winning CarBuckets℠ dealership. Go to KBB.com or BlackBookOnline.com and fill out the trade-in appraisal questionnaire. This is the same tool car dealers use to determine the value of used cars. Print it out, and bring it with you so dealers know you're an educated buyer who isn't there to mess around.