How To Find a Reputable Auto Broker

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So, you want to buy a new car but don’t know where to start? Hiring an automotive broker in this regard can be the ideal first step you take. Not only do these professionals possess the knowledge and expertise required for effective car buying, but they also have expert negotiating skills to bring you the best possible deal.

They know the ins and outs of car financing, dealerships, and buying that the average car buyer will never probably even know about. It sounds quite helpful, doesn’t it? However, keeping in mind the tough competition, and considering the boost in the number of auto brokers available today, how do you find one that is reputable and reliable?

We have discussed the types of auto brokers you may come across below:

Types of Auto Brokers:

Car-Buying Concierge
• Usually offer trade-in, signing, and delivery services.
• Work in the best interest of customers.
• Fees are determined upon the value of the vehicle.

Club/Bank Car-Buying
• Rates are not negotiable as compared to a top auto broker. However, does cut down time and hassle at reasonable cost.
• Arranged pricing with local dealers.
• Services are usually provided for free or through a small charge by your associated bank.

Car/Auto Broker
• Works with dealers, buyers, or even a combination of both.
• Can be a small or large company, also an independent agent.
• Internet-based services are also provided.
• Staff usually consists of expert dealership managers or car dealers.

Usually, the type of auto broker will be dependent upon your buying needs. For example, the amount of money you are willing to spend, what additional services you require, and so on.

Things to Consider When looking for a Auto Broker

• Ensure That They Are Licensed: It is important to obtain services from a broker who is licensed and is legally allowed to sell cars in your state.

• Research About The Company/Individual: Try to garner as much information as you can about the company or individual, such as their background, record, and previous clients.

• Read Customer Reviews: There is a lot of feedback available on the internet – in the form of reviews written by customers. By going through these reviews, you will have a better idea about the type of services you get.

• Ask Around: You can’t be the only one in your neighborhood who requires an auto broker. Ask your neighbors and other people in the community as they can provide you information about their personal experiences.

• Determine The Broker Fees: To get the best deal on your car, ensure that the broker fee charged by the company/individual is on a flat-rate basis.

Finding the Right Auto Broker for You

If you wish to obtain the best discounts possible, coupled with top-notch services, you need to look for the following qualities in an auto broker:

• Services such as trade-in brokering, delivery, and customization options should be offered.
• Avoids bribes or other shady payments from the dealership.
• Works for a flat fee, from around $250 to $1,150, depending on the quality of the car.
• A percentage of savings is received under manufacturer’s suggested retail price (MSRP).

So, by following the guidelines mentioned above, you will be able to find a reputable auto broker who will successfully meet your car buying needs.

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