Group car buying is an emerging option as we can now find several online platforms encouraging the bulk purchases of cars at profitable deals from various authentic car sellers. While group car purchases come with their advantages, they also display some perils. Let us tell you about the pros and cons when people buy cars as groups. Check out here.

Perils of group car buying
1. Car loan or financing issues: If you want to take a car loan while others in your group do not want to do that, then it can be a critical issue to consider while doing a group car purchase.
2. Licensing and contract agreements: If your group members are based in different states, then verifying the licensing agreements and operating permits of the dealer for various states may cause hassles to all group members.
3. Dealing with multiple requirements: In a group, every buyer may have specific needs in terms of car models, features, insurance and much more. Explaining all such individual needs to the car seller and meeting everyone’s expectations may be a challenge.
4. Car exchanges: If any group member wants to exchange an existing car for a better model, then it is generally not possible when you purchase new cars in bulk.

Advantages of group car buying
1. Cost savings: Whether your group deals online or offline with a genuine car dealer, a bulk purchase can definitely bring you great discounts. This can save a lot of money for all group buyers.
2. Special deals: Bulk purchases often come along with special deals. For instance, the dealer may offer free insurance, car maintenance kits, free add-ons installations, customized or discounted accessories, free petrol, a few free services, etc.
Better cars within budgets: As you save money on group car purchases, you can stick to your budget and still buy your favorite car model or a better model than you expected to buy otherwise.
3. Beneficial for employers: If you are a large employer who wants to buy cars for their corporate staff or have a team of like-minded people in a closed society, then purchasing cars in bulk can be highly beneficial for you.

Considering the above-mentioned pros and cons of group car buying, you may evaluate your priorities as a car buyer and go ahead with your individual or group purchase.