When buying a used car, the “cash and carry” philosophy might be great for the seller, but it’s not so great for the buyer. Until you know that the vehicle is going to be a good purchase, you’re just rolling dice. Rather than flunk out of used car buying class with an “as-is” clunker, it’s always better to do your homework before writing that check.
Not all of us have time for that, though, and the used car check-over process can take a fair amount of effort. This is where you might ask “Can I pay someone to do my homework?” The answer, of course, is “Yes. Yes you can.” Unlike hiring a homework or paper writing service, hiring a car expert is not just a few clicks away online.
To find a good used car broker to facilitate not only the deal, but also to check over the used car option(s) you’re considering, requires a little footwork. Mostly in finding the right person for the job. Most car brokers are good at their jobs, especially if they come recommended by others. Brokers can also often negotiate a better price for the car itself, in some cases covering their fees (or more) in the savings to be had. On a used car purchase, brokers can also include a mechanic’s survey/test of the car.
Doing most of these things on your own would require several hours (per vehicle considered), but because a broker is an expert, the process is streamlined and takes much less time.
The Cost of a Broker
Looking through the options for a car purchase broker, consider the costs. A cheap essay of a car might cost just a few dollars, but a thorough and comprehensive look might require a retainer and percentage of purchase fee. Most brokers will charge an up-front retainer, usually about 1% of your overall purchasing budget. From there, the payment will be a flat fee upon your decision to purchase a car or a percentage of the purchase, car’s estimated value, or savings negotiated by the broker. A used car purchase will often have a higher fee involved, but it’s usually based on either savings gained or value of the vehicle using the NADA or KBB books. For example, a car with a value of $25,000 is purchased for $20,000, so the broker charges a percentage of the $5,000 saved.
In any case, a car broker can greatly improve your chances of getting a better car, a car that is exactly what you want, and get that car for a lower price than you’d have paid on your own. The paperwork and other aspects are also streamlined and faster via a broker.