Frequently Asked Questions
Group Buying For Cars
What is CarBuckets?
CarBuckets works by leveraging Economies of Scale. We are an online platform designed to sell cars at a discount by grouping car shoppers by desired brands into “Buckets." Our partner dealers from across the United States bid on these groups of users once a “Bucket” has been filled. The dealership with the lowest overall price wins the group. Once the winner has been determined, users will be contacted and asked if they would like to move forward with next steps. Our customers can expect to receive better pricing due to volume discounts offered by the winning dealerships. They can also expect to receive unparalleled customer service, avoiding most of the major pain points associated with the car buying process, which means our users never have to step foot into a dealership should they wish not to do so.
We are not a co-buying site, meaning you do not have to share the car with a group of people. Each person in the group gets to pick their car, just the way they want it.
What if everyone in my Bucket doesn’t buy their car?
That’s OK. You still get the discount you were given, regardless of who in the group decides to purchase or lease a car. There is no obligation to buy your car when using CarBuckets.
How are Buckets grouped?
CarBuckets are grouped by brand of car. We are an online platform designed to sell cars at a discount by grouping car shoppers by desired brands into “Buckets." Our partner dealers from across the United States bid on these groups of users once a “Bucket” has been filled.
How long does it take for a Bucket to get filled?
We close our Buckets every Tuesday at 11:59pET. Dealers bid on Buckets on Wednesdays and Thursdays. Final pricing details are sent to our users by Friday morning.
What happens if I join after a Bucket has closed?
Not a problem. When one Bucket closes, another one automatically opens! Our Buckets close every Tuesdays. Dealers bid on Wednesdays and Thursdays. If you join a Bucket at 12a on Wednesday (1 minute after the deadline), you will be placed in the following week’s Bucket, closing on Tuesday at 11:59p.
Can I join multiple Buckets?
Yes, you can join as many Buckets as you would like. If you cannot narrow it down to one brand of car, and would like to price out a few competitive models, join multiple buckets.
Choosing Your Car
Why do I have to choose two (2) color options?
By selecting two (2) color options, you give all dealers the opportunity to bid for your car. The more dealers bid, the greater the discounts to CarBuckets users. Everything we do is meant to maximize dealer competition.
I got my final price, and I didn’t get the car I wanted. Why?
First and foremost, there is no obligation to buy the car. That said, just because a car is available online, doesn’t mean it’s still available at the winning dealerships. Participating CarBuckets dealers are legally bound to do their best when it comes to matching your preferences – model, color and trim. However, dealer inventory fluctuates greatly, and your car might not be available. If you are unhappy with the car you’ve been quoted on, please contact CarBuckets at firstname.lastname@example.org. We will do our very best to get you into the car you want. If you are still unhappy with the car, simply walk away with no strings attached. At CarBuckets, we strive to make this the best car-buying experience possible.
Financing & Pricing
I got a cheaper price elsewhere. How do you get to my CarBuckets price?
Be skeptical of pricing on other car-buying sites. Even though the say they include all fees in your quote, they usually do not. Most price quotes provided online usually reflect the Net Price of the car, and do not include the hidden fees and factory/dealer installed accessories. Sometimes dealers even put cash rebates as the dealer discount, without knowing whether or not you qualify for them. In summary, don’t let their marketing gimmicks hook you in! Please read the fine print which can be found as disclaimers located at the bottom of the page in fine print.
What if I want to lease a car? I wasn’t given a monthly payment.
CarBuckets is still the place for you. Your monthly lease payments—wherever you buy—are actually based off of the purchase price of that car. So… the lower the purchase price, the lower your monthly payments will be. We would need to ask you a lot of personal financial information in order to calculate your monthly payments. For now, we think it’s best that you share your personal information directly with the winning dealership. If you start with a lower purchase price, you’re in a great position to have lower monthly payments.
How do I know I am getting the lowest group price for my new car?
The CarBuckets magic lies at the intersection of simple economics. Our platform leverages Purchasing Economies of Scale to get our users the lowest possible price on their new car.
Other car buying sites tell you that they’re leveraging their size to get their users the best price. This is deceiving. The reality is that all these vendors are still selling these leads to dealerships on an individual basis. None of them are grouping car buyers together and having dealers price these cars as a group.
Still don’t believe us? Search “economies of scale” in your favorite search browser and you can learn more about this economic principle.
OK, I got the email with my price. What happens next?
Once the winning dealership has been determined, users will be contacted and asked if they would like to move forward with next steps. We do not share any of your contact information with any dealership without your consent.
CarBuckets customers can expect to receive unparalleled customer service, avoiding most of the major pain points associated with the car buying process, which means our users never have to step foot into a dealership should they wish not to do so. You can always reach us at email@example.com.
Does CarBuckets approve me for financing?
We do not do any financing approval. Our job is to get you the best deal for your new car. Once we deliver on that, you can discuss your finance options with the dealership.
I want to trade in my car. How do I apply that value to the sale of my new car?
You’ll apply the value of the trade-in once you’ve decided to move forward with the purchase of the car. Our advice is that you go to the dealership equipped with knowledge on how much your current car is worth. One of our favorite sites is kbb.com and fill out the trade-in appraisal questionnaire – this is the same tool most 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.
If you are not satisfied with the trade in appraisal the winning dealership gave you, you are in no means obligated to sell your car for that price. You can either move forward with the purchase of your new car without applying the trade amount, or you can walk away from the deal all together. Remember, you’re in charge.
Is CarBuckets an automotive broker?
CarBuckets is not a broker. We do not negotiate on behalf of our users, nor do we make any money off the sale of your car. Instead we let our platform, which is rooted in the Economies of Scale, do the negotiating for you. Our discounts are purely market driven. The bigger the Bucket, the bigger the discount. We do our best to get as many users into a Bucket to get you greater savings, but at the end of the day, it’s determined by how many people actually sign up.