Buying a new or used car can be stressful. If you don't like negotiating, it may be downright terrifying, and if you don't have the time in your day to focus on it, it can be a real hassle. Angie's List says that just like a personal shopper or a real estate agent, you can hire a car broker or a consultant to save you time and money.
Dean McBride, a Car Broker has been finding vehicles for people for 14 years. A dealer by definition, he acts like a broker. He helps folks figure out the kind of car they want for a price they can afford. Then he finds the vehicle, negotiates the deal and even delivers it to their door.
“We keep people from getting into trouble that they shouldn’t buy a car for more than it’s worth;" He says, "They shouldn’t lose value on their trade; and all of those things that go along with the frustration of buying a car.”
Angie’s List founder, Angie Hicks says, "Some people just aren’t hagglers and don’t enjoy the car buying process, but you can hire a professional to help in that endeavor, and some people find that it can save them a lot of money.”
Many states require brokers to be licensed as dealers, so Angie says to check those credentials, ask for client references and be sure you understand how you will be charged and how they work. Don’t work with someone on a percentage basis. Your broker should get a flat rate regardless if it’s up front or once the deal is done.