If you are in the market for a new car, let us do the legwork for you.
Using an autobroker is much easier and more convenient than you might think.
Most consumers are
accustomed to the idea of engaging professional assistance when it comes to
important purchases. For instance, realtors and stock brokers are routinely
used to assist with the purchase of real estate or investments. These are
things that a consumer could technically arrange on their own, yet many find
that it is easier and/or smarter to solicit professional assistance.
Despite the fact that
a car purchase is one of the major life investments consumers make in their
lifetime, the concept of using an auto broker to help arrange the sale of an
automobile has not yet become widely embraced by the general public - in fact,
many people do not even know that using an auto broker is an available option
when it comes to making a car purchase. Below we will attempt to outline some
of the key benefits that auto brokerage services hold for car buying consumers.
Quite simply, an auto
broker manages the process of buying a car on behalf of a customer. This
includes finding the desired vehicle, negotiating the price, delivering the
final paperwork, and securing financing, if necessary. An auto broker’s job is
to help the customer save time and money in the car buying process.
Auto brokers offer
several advantages for consumers. The following are a few of the key benefits:
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Convenience - Saving Time
Using an auto broker saves consumers the
time and effort of having to car-hunt at dealer lots, an activity which most
people find to be less than desirable. Because auto brokers are essentially
professional car buyers, the entire sale process is typically seamless and
straightforward.
§
Negotiations - Saving Money
Because auto brokers
have professional relationships with networks of car dealers, they are able to
secure discounted pricing that they can then pass along as savings to their
clients. Even when the auto broker's fee is factored in to the total cost of the
car, the consumer still usually ends up saving money on their purchase.
§
Preferential Treatment - Getting What You Want
Auto brokers ensure
that their clients receive great treatment by car dealers, and are often able
to enjoy perks that are not available to members of the general public. For
instance, if there is a waiting list for a high-demand vehicle an auto broker's
customer may get bumped up toward the top of the list.
§
Peace of Mind - Buying with Confidence
Consumers who use auto
brokers enjoy the confidence of knowing that they have a professional advocate
on their side in the car buying process, so they don't have to worry about the
possibility of fraud, deception or other consumer woes that are all to common
on the auto industry,
Any consumer who
wants to buy a car can use an auto broker. In the past, auto brokers have had a
reputation for serving the higher end of the car market (e.g. luxury cars), but
most brokers today will work with just about anyone seeking to purchase a new
car, or a late model used vehicle.
Auto broker fees are
typically determined either as a flat rate or as a percentage of the value of
the car being purchased - some brokers will take their fee as percentage of the
savings they negotiate for you. Whatever the pricing model, auto broker fees
typically range between $400-$800 dollars (higher for certain luxury vehicles).
Most auto brokers get their fee directly from clients, although some get paid
by the dealership.
Even when the auto
broker's fee is factored into the total expense of the car, the end cost to the
consumer is usually less than or equal to the deal they would have got on their
own - so minimally, the consumer gets the service of the broker for no extra
cost, and in many cases, saves money on top of having the convenience that the
broker service provides.
We hope this overview
has been helpful in highlighting what auto brokers do, how they do it, and what
the benefits are for consumers.
If you would like additional information or if you would like us to broker your next new car purchase,
please feel free to contact us at any time for a free consultation-we'll be
happy to speak with you.
