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An auto broker may purchase a vehicle for you, then mark up the vehicle. They might even buy the vehicle at auction. Car buying brokers can locate a vehicle and help negotiate a purchase, but they will often purchase your trade in and sell it for profit.
Sometimes an auto broker will work with specific dealerships who pay them a commission. The car broker will work with the dealership who offers the best commission. Typically car brokers will negotiate the sale price but not the finance options for the buyer.
When an auto broker is being paid on both ends of the deal, by the dealership AND the consumer, this of course creates a conflict of interest. Car brokers are unable to work in a fiduciary capacity for the consumer when paid by both sides.
For example, Your Car Buying Advocate, founded by Mike Rumple, a former car salesman, who was sick of the conflict of interest set out to provide a consumer advocate experience like no other.
Car buying services like YCBA alleviate the conflict of interest because compensation is not accepted from anyone other than the consumer. This allows a true advocate for the car buying consumer which is a big differentiator from an auto broker.
In fact, you can find YCBA listed as a number one car buying service in 2021 on CarEdge.com. Working in a fiduciary capacity allows us to never waiver on our principles of loyalty, trust and obligation to serve our clients with all of the information they need to make an informed car buying decision.
There is a very specific reason we call ourselves advocates.
We speak on behalf of and represent our clients. We bring comfort to the car buying process. With our knowledge of the car buying process and auto industry we negotiate FOR the client.
This is an exploding concept in the auto industry and has been a long time coming need. Consumers need experts to help them make informed car buying decisions. We provide the security and safety that is rarely present during car deals. We solely work and advocate for consumers which is revolutionizing the car buying experience. Auto brokers may be helpful in some scenarios, but if you need an advocate, you’ll want to find a trusted car buying concierge service.
To help more and more consumers, we are creating a network of car buying experts that can work independently and on behalf of the consumer. If you’re looking for an expert to help you in your car buying process or you’re an expert looking to help a consumer, slip us a note so we can connect.
How to know if it’s a good car price. Vehicle sale price isn’t the only factor in a car deal. You’ve got to have knowledge of the whole deal.
Want our help to save time and sanity while doing the car buying thing? Schedule a free strategy call.