How does using an auto broker work?
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.
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.
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.
Do you pay auto brokers?
A car broker generally collects fees from the dealer, which the car buyer ends up paying indirectly. A car broker is someone who gets paid by both a buyers and a dealership to help facilitate a vehicle purchase. Generally a car broker needs to have a dealer's license and does not exclusively represent the buyer.