Thursday, December 1, 2022

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what is a car broker?

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How do car brokers make their money?
There are two ways that car brokers make their money: As a flat rate or as a percentage. An auto broker might charge everyone a flat rate, ranging from $200-$1,000. Other brokers opt to charge a percentage of the money that they saved you on your purchase.
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.
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.
What are the benefits of using a car broker?
Auto brokers can save consumers a substantial amount of money and time because they handle the transaction from start to finish. This prevents buyers from having to drive all over town looking for the perfect ride, going back and forth with a pushy salesperson, or spending hours at the bank.