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.
Can you negotiate with car brokers?
A good negotiator can sometimes get the car at or below the dealer's invoice price. You can also negotiate the price they're willing to give you for your trade-in, as well as dealer fees such as dealer prep, documentation fees, advertising charges and other miscellaneous costs.
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.