Car broker definition. The concept behind hiring an auto broker is relatively simple: you're not a professional car buyer, so why go up against a professional car seller alone? With the confusion of financing, fees, add-ons, taxes and the hurried, jargon-filled nature of the dealership, it only makes sense to leave the bargaining to.

Car broker definition

Calgary Car Brokers

Car broker definition. In this video I discus how the traditional franchised dealership system shifts the focus more toward short-term.

Car broker definition

Call 8 a. ET Monday - Friday 9 a. Buying a new car can be a notoriously long, tedious process. As a result, some buyers choose to use a car broker.

As with any provider of third-party services, the key to getting the most bang for your buck is knowing how to work with them. Here is a breakdown of what auto brokers do and how to find one. Simply put, an auto broker is a third party whose job is to assist you, the buyer, in the process of buying a car. Tom McParland of Automatch Consulting says a car broker can be a non-emotional, unbiased partner who can keep his or her eyes on the end result.

This emotional involvement may lead you to hear exactly what you want to hear, or not ask all of the questions necessary, and that can lead to making a deal you might regret later. Instead of searching for your preferred model and negotiating a deal, a full-service auto broker can complete the entire process for you, from start to finish. This can include finding the car, negotiating the price and completing the transaction. The main reason people choose to use a car broker is to minimize the amount of time and stress spent negotiating and to get the most savings possible.

Of course, the amount you are paying for a service such as an auto broker should be calculated into the overall price. Finding used cars will cost more than new models because of the extra legwork involved. Another option is to use an auto club such as AAA or a wholesale club like Costco, which provide services very similar to what a broker will do for you, working out special pricing.

Be aware, though, that not all cars can be purchased by these clubs, and they often have a list of specific vehicles for which they can obtain discount pricing. Always check first to see if the vehicle you want is on the list. Finding a broker has gotten easier over time because you can now do a quick online search for auto brokers in your area. For the right person, a good car broker can save hundreds to thousands of dollars and many hours of your time.

Taking time to do your research will ensure that you find the right broker to help you get the best deal. Skip to main content. Home Learning Center Auto Article.


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