Are car brokers legit?
While many brokers are former car dealers, they should not be receiving any compensation from dealerships for passing your name along as a lead. Many operations call themselves brokerages, but make substantial amounts of their profits from dealerships, or even directly work for a dealership.
Is a car broker the same as a dealer?
A Dealer is the car company that owns the cars they are making available for lease and purchase. A Broker is an impartial “middleman” who works for the buyer to find the best deal available on a vehicle that the buyer wants.
What is the point of a car broker?
The goal of auto brokers is to help customers get the vehicle they want for a great price. In some situations, brokers will even sacrifice the dealer-paid brokerage fee to help clients get the best price. Sometimes the auto broker may receive compensation from the dealer and customer.
What does it mean to buy a car through a broker?
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. An auto broker's job is to help the customer save time and money in the car buying process.