About how much commision do brokers charge?

Ask the Hackrs
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1

About how much commision do brokers charge?

2

Depends on the broker and depends on the vehicle.

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3

On the deals they post here they post their fee. If you retain them to go work out a special deal it’ll be more than the usual of $399 or $499 deal that they post publicly.

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4

if you look at the broker’s post in market place, they typically state their fee

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5

It definitely depends on the market and the vehicle. From our/my experience, some of the more high-end buyers can be more demanding, need more “hand-holding,” etc., and there can be a lot of work that goes into deals that are not those that are posted.

We charge $300 for cars under $50,000, and for cars over $50,000, that plus 1% of the amount over $50,000. A $60,000 car is $400.

Honestly, we’ve also toyed with the idea of a retainer for when we’re asked for quotes, because there seem to be a lot of tire kickers now, and we’re putting in a lot of effort with nothing in return or buyers turning into ghosts. It can also put a strain on the relationship with the dealer. I know some brokers do charge a retainer, so OP should also keep that in mind.

^A

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thanks for the prompt response guys.

7

We don’t charge anything :wink: