Miami Car Credit stocks an excellent selection of high-quality used vehicles at terrific prices. Many customers customers have questions about how we get the vehicles in our inventory, how we price them, and how and where we sell. Our staff is glad to answer all of your most frequently-asked questions here on this page. And if you have any further questions that you don’t find addressed here, feel free to contact us online.
IS Miami Car Credit A CAR DEALER?
Yes. We are an independent dealer licensed in the state of Florida, registered with the Bureau of Motor Vehicles. We do have a retail location in the heart of beautiful Miami Gardens just outside the city of Miami. Our address is:
119390 NW 2nd Ave,
Miami Gardens, FL 33169
We also advertise on eBay, Autotrader.com, Cars.com, KBB.com, Florida.com, UsedCars.com, YahooAutos.com, MotorZoo.com, BargainNetwork.com, Trader4Less.com, and many more. In addition, we have partnerships with dealerships in the greater Cleveland-Akron area that have been open since 2002, and we’ve recently brought that expertise to South Florida.
DOES Miami Car Credit TAKE TRADE-INS?
Yes. Miami Car Credit accepts car trade-ins, but keep in mind that we truly are offering cars with a very small mark-up on eBay. The only way a trade works for us is if we can buy it from you BELOW what we can buy for at the Manheim Dealer ONLY Wholesale Auto Auctions. Why below? Because we have shipping costs involved and quite frankly, now we still have to sell your car to realize any potential profit on the car we traded with you.
WHY ARE Miami Car Credit’S USED CAR PRICES SO LOW?
We are very careful when it comes to buying a vehicle. We know the car market better than most other dealers, and we buy our cars from all over. We have our own buyers/employees in almost every highly populated state, and these buyers go to auctions for us, so we don’t just buy any vehicle. We pick the ones that suit our condition and price guidelines. Most of our vehicles come from Manheim Auto Auctions (the largest auction chain in the world: see manheim.com). These auctions are available ONLY to licensed, bonded, and insured dealers. Now, just going to these auctions doesn’t guarantee good prices. You STILL need to be a patient, experienced buyer. We have enormous buying power, and we usually keep more than 150 vehicles in stock. We specialize in volume, meaning we don’t try to make a lot of money on each individual vehicle: our profit averages about $500 to $700 per unit (and on about 10% of our vehicles we actually lose money). We have determined that high volume and low-profit work for us.
WHERE DO Miami Car Credit VEHICLES COME FROM?
We buy from sellers like Mercedes-Benz Credit, BMW Financial, and others. If you’ve ever leased or purchased a new car from a Mercedes-Benz dealer, for example, you were probably financed through either your own credit union or Mercedes-Benz Credit Corp. Throughout the year and all over the country, Mercedes-Benz has vehicles coming off lease. Obviously, Mercedes has to sell all of these vehicles, so Mercedes-Benz Credit takes them to auctions all over the USA–and since most leases are 36 months, many of our cars are about three years old. We only pick out the best deals, and we probably buy at 40 different auctions every week.
OK. I UNDERSTAND THAT, BUT HOW CAN YOU BUY BELOW WHOLESALE?
At any given Mercedes-Benz sale, there are at least 200+ units being offered at auction. The Mercedes-Benz Credit Rep on the auction block does NOT have to sell the vehicles unless they reach an acceptable price. However, the acceptable price is at a level where Mercedes can liquidate its inventory efficiently without having it “piling up” for the next auction sale, generating costly carrying costs, while it is depreciating each day. They WILL sell below wholesale IF the bid price reaches their RESERVE level. On most of the vehicles, the prices reach to wholesale levels or above, obviously we wait until we can absolutely steal the car. This is where being a patient and experienced Buyer can be rewarding. Experience has shown us that if we attend enough auctions, inspect enough of the available inventory, then bid on enough vehicles, with a specific buying price level goal, then at the end of the week, we will have bought a few vehicles at really great prices! THAT IS THE KEY!
HOW MANY AUTO AUCTIONS DO YOU ATTEND PER WEEK?
We attend about 40 auctions per week and have the capability to choose from more than 60,000 different vehicles a week. We only purchase anywhere from 20 to 50 units per week. That is why your local dealer cannot compete with us, because we see many times more cars than him, and have a lot more choices. Most of the local dealers shop at their local auctions and have no advantage like us.
IF I COME TO MIAMI WILL MY CAR BE AS-DESCRIBED ONLINE?
We try to maintain absolute accuracy when describing our inventory vehicles in our online ads. If you have a valid complaint and the car truly is differs from how we represented it on eBay, then we will, of course, refund your deposit. We have worked very hard to build our reputation.
ARE Miami Car Credit EXTENDED WARRANTIES HONORED IN OTHER STATES?
YES! Non-Florida residents can take their vehicles to an ASE Certified mechanic. All of our warranties will be honored all over the United States.
CAN I PAY WITH A CREDIT CARD OR PERSONAL CHECK?
Unfortunately, no. Miami Car Credit accepts bank wire, cashier’s check, money order or cash. We will only accept a credit card or PayPal (online) for the deposit.
DO YOU PROVIDE TEMPORARY PLATES?
Yes, we provide a Florida temporary plate good for 30 days.