Purchasing a vehicle, whether used or new, can be extremely time-consuming. Conducting the actual search, negotiating the price and making payment arrangements require patience and may leave the consumer exhausted. Consequently, many people turn to auto brokers to assist with the car-buying process. In most cases, the consumer can submit their vehicle preferences to the auto broker and be driving around in a new set of wheels within a few days - without having to deal with all the hassle.
Why You May Want an Auto Broker
An auto broker is a state-licensed, professional car buyer. According to Edmunds, an auto broker handles the entire car-buying process for a fee that typically ranges between $200 and $1,000. Some brokers also require a down payment. Once fees are remitted, the auto broker will conduct the search, negotiate with the seller, and make financing arrangements if necessary. There are many advantages to using an auto broker to purchase your next vehicle.
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, or from going back and forth with pushy salesmen or spending hours at the bank. Treon Duval at Duval Premier Motors uses this advantage as a major selling point. He states, "The car-buying process is simplified in a major way when dealing with auto brokers. On top of that, customers can have whatever vehicle they desire down to the make, model, mileage and color. I always aim to exceed my customers' expectations by meeting their needs and giving them the biggest bang for their buck."
Significant Purchase Savings
If a consumer has not done his research prior to vehicle shopping, it is easy for him to be taken advantage of during the final transaction. Fortunately, auto brokers protect consumers from getting ripped-off, since they know the industry; some brokers are even former salesmen. With this level of expertise, and an extensive knowledge of the auto industry, auto brokers have more bargaining power and can acquire a vehicle at a much lower purchase price than the average consumer.
"I always start the process by researching the average selling price of the car the customer wants me to locate. This gives me a competitive advantage during the negotiation phase of the transaction, and I am usually able to close a deal in a short amount of time," stated Duval.
Having a car-buying expert on your team during the process helps eliminate feelings of uncertainty and doubt regarding the acquisition. You can rest assured that the auto broker has your best interests at heart and will do everything in his power to protect you from shady or even fraudulent deals.
More Options to Choose From
Auto brokers have access to a multitude of nationwide databases that contain inventory from dealers and private-sellers.
How to Choose an Auto Broker
As with any service, it is most sensible to start the search for an auto broker by asking for a recommendation from your mechanic, friends or family members. Also, call the bank you are going to obtain financing through. Some auto loan officers have long-standing relationships with auto brokers. When making your final selection, it is important to inquire about the auto broker's car-buying practices. In addition, be sure to consider the following factors:
- History with the automotive industry
- Whether or not the auto broker is licensed in their state
- Any other special certifications
- Customer reviews
- Benefits offered to customers
It's also a good idea to look up local brokers through the Better Business Bureau to see if they are accredited or if the broker you're considering has any complaints against him.
Finding an Auto Broker
There are many reputable auto brokers in the industry.
Auto Nation is an auto dealer that specializes in used car sales. They offer financing options to consumers who purchase a vehicle through their car finder service or from the actual lot, regardless of credit history. This makes it easy for you to get approved for an auto loan. Reviewers from Cars.com mentioned that car-buying experience was smooth due to the exceptional customer service they experienced. The salesmen were not pushy and even went beyond the call of duty in some cases to locate competitive auto insurance rates for customers.
To use their car finder service, simply complete the brief questionnaire located on their website. Upon receipt, a sales representative will contact you to get the process started.
Auto Brokers European Connection
Luis Pinto, the owner of Auto Brokers European Connection, has been in the auto industry for over 20 years. His company is partnered with a NAPA-endorsed auto body shop, so each vehicle goes through a rigorous inspection to ensure it is free from defects before it is released to the customer. All you have to do visit their website to complete the brief questionnaire, and a representative will contact you to get started with the car buying process.
As noted by a reviewer from Yelp, he is a well-known industry expert with an impressive track record.
For a flat fee, Dave Sutch at MyCarGuy can locate the perfect new or used vehicle for you and handle the entire transaction so you will not have to deal with all the hassle. He has 35 years of experience purchasing vehicles, and reviewers agree that he is quite knowledgeable, prompt and professional when conducting business.
To learn more about MyCarGuy, visit their website.
It is always a good idea to conduct a brief online search to get an idea of how much your desired vehicle is selling for to avoid being overcharged. This can be done via websites such as Auto Trader, Kelley Blue Book and NADA. If the vehicle you are looking to purchase is a brand new model, an auto broker will be unable to assist since they are not authorized to do so by car manufacturers.
Next time you desire to purchase a vehicle, consider patronizing the services of an auto broker to facilitate the process.