Can you trust car brokers?
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.
What is the difference between a car dealer and a broker?
What's The Difference? 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.
Is using a car broker a good idea?
Much of a car broker's results depend on the type of deal they're brokering, but in most cases they can save you money on a new car purchase – frequently measured in the thousands of dollars. They can also work out deals that save money on accessories, options or add-ons which are indirect savings to a buyer.
What is the purpose of a car 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.