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re: Anyone used a private auto broker to buy a used car?
Posted on 9/29/17 at 1:55 pm to ATLdawg25
Posted on 9/29/17 at 1:55 pm to ATLdawg25
My cousin has used this broker since 1993, he mentioned it a few months ago and I asked for his name when I decided to get rid of my Acura TSX earlier this month. He's bought a 1-2 year old car just about every other year. The dealer is a specialty dealer for high end and collector cars, so he's good at sourcing specific cars, through auctions and other specialty dealers.
This is definitely easier and better than a traditional dealer in just about every way in my opinion. The whole process is completely transparent. At auction yesterday I bought a 2015 Lexus ES with ~17,000 miles for $24,400 plus freight/fees of $620 and his broker's fee of $1,500. The seller was Lexus Financial services. He punched in the parameters I gave him and had plenty of results, just like eBay. The car is arriving on Monday. The same car at a dealer would cost $32,000+.
I'll never go to a traditional car dealership again, it's been so easy and I don't feel like I'm getting screwed because I see every part of the process and he's really working for me. The owner is semiretired and I'm actually considering switching careers to join him because I see such a huge opportunity based on the experience.
Edit: Echoing others' advice above, the condition reports are great and you can filter/search for cars 4.0 and above only, 5.0 is a new car. The level of detail on the reports is pretty amazing and the broker can run a report on completed auctions of the same type car to get parameters to bid and price expectations.
I saved over $5,000 doing this at least, inclusive of all my costs, not to mention the lower sales tax basis versus buying at a retail dealer.
I think the service would be very popular with buyers, there is really no one marketing it beyond word of mouth and could be leveraged with existing technology.
This is definitely easier and better than a traditional dealer in just about every way in my opinion. The whole process is completely transparent. At auction yesterday I bought a 2015 Lexus ES with ~17,000 miles for $24,400 plus freight/fees of $620 and his broker's fee of $1,500. The seller was Lexus Financial services. He punched in the parameters I gave him and had plenty of results, just like eBay. The car is arriving on Monday. The same car at a dealer would cost $32,000+.
I'll never go to a traditional car dealership again, it's been so easy and I don't feel like I'm getting screwed because I see every part of the process and he's really working for me. The owner is semiretired and I'm actually considering switching careers to join him because I see such a huge opportunity based on the experience.
Edit: Echoing others' advice above, the condition reports are great and you can filter/search for cars 4.0 and above only, 5.0 is a new car. The level of detail on the reports is pretty amazing and the broker can run a report on completed auctions of the same type car to get parameters to bid and price expectations.
I saved over $5,000 doing this at least, inclusive of all my costs, not to mention the lower sales tax basis versus buying at a retail dealer.
I think the service would be very popular with buyers, there is really no one marketing it beyond word of mouth and could be leveraged with existing technology.
This post was edited on 9/29/17 at 2:15 pm
Posted on 7/5/19 at 3:30 pm to GoIrish02
GoIrish02:
Lord, I know I'm reviving a post that's a couple years old, but I'm looking for private auto broker to buy a vehicle in Manheim auction in NOLA. Stumbled upon your post. I haven't had much luck finding broker. Any suggestions or could you put me in contact with your broker. Thanks a million.
Lord, I know I'm reviving a post that's a couple years old, but I'm looking for private auto broker to buy a vehicle in Manheim auction in NOLA. Stumbled upon your post. I haven't had much luck finding broker. Any suggestions or could you put me in contact with your broker. Thanks a million.
This post was edited on 7/5/19 at 3:31 pm
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