Jan 23, 2015
To close out our series of articles on car brokers (otherwise known as auto brokers or auto buyer’s agents) we are going to explain how an auto buyer’s agent saves you money. The idea that someone can do most of the work of buying a new car for you and save you money while doing it seems unlikely! This article will clarify how it is possible to pay a fee to an auto buyer’s agent and still save money.
Many people may assume that an auto buyer’s agent is for people who simply don’t have the time to handle their own vehicle purchase. And saving time certainly is a major benefit of buying through an auto buyer’s agent! However, you may be surprised to learn that they can also save you money – even after you pay their fee.
You may be thinking that this sounds too good to be true. Can an auto buyer’s agent really save you money after you pay them a fee of as much as $1,000? Yes! Here are five ways an auto buyer’s agent saves you money:
- An auto buyer’s agent is a professional car buyer. They do this day in and day out, so have a lot of practice buying cars and are most likely a better negotiator than you are, at least at the car dealership.
- An auto buyer’s agent is often a former car sales person or dealership employee, so he/she knows the inner workings of dealerships, financing and buying in a way that you could probably never learn.
- An auto buyer’s agent is up-to-date on the current deals, offers, competitive prices for cars and add-ons, etc. and may have access to databases and information that you do not.
- An auto buyer’s agent may have relationships with dealerships that sometimes allow them to obtain discounted rates on financing and the cost of the car that would not be available to you.
- An auto buyer’s agent can also save you money in the often tricky final negotiations regarding financing, dealer-installed extras and warranties. Many dealerships make up the money they gave you in discounts on the vehicle in the finance office!