6 things you need to know when having a car broker to buy your car

Oct 22, 2019 | Same topic: Best advice for car buyers
There are 6 things you need to know about a car broker and how they can help you when buying or shopping for a new car.

Buying a new vehicle is stressing for lots of car consumers, especially those who are unwilling to haggle over price. The lack of time and patience of most car buyers has piqued their interest in many to hire a professional to do the job for them. A cottage industry has emerged and ready to serve this market to search for a perfect vehicle for you, but of course, it comes with a price.

Take note that it is essential to do some research about the broker before you hire them. Do not be quickly drawn to their advocacy for your needs and promise of lower prices. Also, do not easily believe them if they say that it is a great deal because most of the time, it is not.

This article from Philkotse.com will give you some essential tips you should consider when getting associated with a car broker.

1. Research is important

It's prudent that every car buyer performs a background check on the car broker before they decide to meet them. It includes finding if the reputation built by the broker for purchasing vehicles is excellent.

Additionally, you should also do some research on the kind of vehicle you're going to buy online. Check the price of the vehicle that online car dealers are marketing. It will provide you with a solid basis if you're negotiating the car price.

You also need to know if the car broker is licensed. You might also want to know if the broker will deliver the vehicle after buying it. This way, you will be able to save resources and time when picking the car.

Two men shaking hands

It's prudent that every car buyer performs a background check on the car broker

2. Choosing the right broker

There are two types of car brokers, namely, individual car broker and wholesale car broker clubs. The job of the car broker is to ensure that the car buyer will have the best possible deal from the auto dealer or seller. They will help their clients save time and will also keep them from stress from negotiations.

An individual car broker often has held positions in car manufacturing companies or auto dealers before. They know lots of information about different vehicles. These kinds of auto brokers usually have small offices in your area or operate from home. With an individual car broker, you will get the extra advantage of personalized services.

On the other hand, auto club brokers are larger; however, they only give their services to the members of the said club. There are times where you will encounter a dealership-broker relationship. In that case, the dealer provides some commission to the broker for trading their vehicle.

selection of the best candidate

Find the reputation built by the broker for purchasing vehicles

>>> Check out: [Philkotse tips] 4 truths when buying cars from a dealer.

3. They are on your side

More often, car buyers who seek the help of car brokers are the busy ones. They simply don't have the time to shop for a car and negotiate for the best deal. The car brokers are the provider of a crucial job of handing financing, car inspection, taxes and legal matters associated with buying a car. They are expert negotiators and will do all this for you.

Lots of car buyers have successful experiences in how they were able to buy the right car with the help of a car broker. But you have to remember that some car brokers have connections. Some work together with some dealerships to sell vehicles. It's essential to ensure that you're on the safe side.

To do this, do a thorough background check as well as testimonials and referrals about the broker. Check if many car buyers have already asked their services and if previous clients would recommend them.

Try asking a random dealership if they know that particular broker. You can also ask your friends and family members for car broker recommendations. Ask about their experience with the specific broker.

two man-miniature shaking hands

The car brokers are expert negotiators and will do all the car-buying process for you

>>> Worth to note: 

4. Car broker fees

Usually, lots of brokers charge their clients with a flat fee with every car purchase. You should avoid those that have fixed fees based on the vehicle you're buying. A car broker that charges a flat fee will only earn money if they sell you a vehicle. The same services are offered by online broker websites at much cheaper rates.

You can make a deal with a broker by calling them directly or sending an email. Most brokers already have contacts and connections with the different auto dealers.

This is an advantage because it will allow you to acquire the most suitable car at the best deal. They can also give you a suggestion on which is the better option – lease a car or buy a new one.

three talking to each other

Usually, lots of brokers charge their clients with a flat fee with every car purchase

5. Widen your search

When you’re searching for a car broker, don’t just settle for the one near you. It will be wiser if you look across other regions. This option will give you different broker terms. If you already find a broker you think you can trust, you need to check their credentials and experience first before you finally hire them.

As mentioned above, most but not all car brokers are associated with a car dealership. It's better to choose someone who has contacts and connections with car dealers. Knowing a certain dealership isn’t a bad thing except if you are forced to get a special deal while there are better choices in the market.

Car dealers deal only with selling vehicles while car brokers are the people in-between you (the client) and the car dealer. The car broker's job is to make sure you have the best deal when buying a new vehicle.

two men talking

When you’re searching for a car broker, don’t just settle for the one near you

6. Check the documents

Once the broker makes a contract with the auto dealership, make sure all the documents are in place. The engine number should match the Vehicle Identification Number. To check if the vehicle is in good running condition, you can ask the mechanic before you seal the deal. Make sure that the broker didn't sell you a pricier model just to gain extra money.

It’s important that your broker knows and understands your needs when purchasing a vehicle. You should tell the type of car you want, your needs, as well as your budget to the car broker. A car broker will be beneficial in getting the best car with the best deal without experiencing all the stress that comes with car buying.

Source: Hanna Miel Sanchez