Auto brokers are becoming very popular because of the economy and consumers planning to acquire the best car for their hard earned dollars.

The question is, do you really save that much using an auto broker?

Yes and no, as there are lots of variables when it comes to savings and the kind of vehicle you buy.

An Auto Broker can save you thousands of dollars and a significant quantity of time if you use them correctly. The unfortunate part of the auto brokers is their qualities, minimal overhead. Many auto brokers work out of their houses or have a little office and a skeleton staff.

This aspect of the business will certainly allow you to prevent paying excess costs and earnings needed by the dealerships to maintain operations. This quality may become a problem for some automobile owners who have made use of an automobile broker when having concerns with the vehicle or more, in particular, the documents (financing, licensing etc.). Salespeople or product consultants are popular for helping their customers but overlooking the ones they don’t know. A question to ask yourself; Are you comfy looking after yourself in the event of unforeseen issues?

Automobile brokers save you money, most of the times, but often don’t have the capacity to help you any further than the prices. If you can conserve a substantial amount, it may be worthwhile to use a broker and give up the services provided by dealerships and their sales personnel.

The savings you receive from using a car broker can vary from thousands less than what the dealers charges, to in fact costing more than what the dealers may offer, with a little negotiating. How can this happen? Easy. If you have the ability to save $500 off the sale price of a new vehicle with a broker, and after that are charged $500 for his services, your savings are effectively negated.

Car brokers often have the ability to acquire vehicles for the same price or near to what the dealers pay, and then pass the savings on to you for a cost. The most common brokers though only arrange a discounted price from a real dealership. A brokerage or auto finder cost can range from a hundred dollars or so to upwards of a thousand dollars or more. The rate which you are charged is based on car type, distance for shipping and naturally size of the discount rate they can obtain.

The other type of savings you can get from an auto broker is time. Many customers spend an average of 22 hours researching cars they may wish to purchase. The real dealer visitations will take roughly 32% of that time or 7 hours. What occurs in those 7 hours? Vehicle presentations, test drives and of course pricing/ negotiations. Auto brokers many times can not supply a customer with any of these services except pricing/ arrangements. Although, this can still save you on average 1 – 2.5 hours and naturally the relief from a headache, which many can feel after being shown this offer and that offer, countering those offers and after that lastly agreeing to a compromised price.