Please let me know if I should be posting this question in another part of the forum as I know there are Brokers posting in this section and I’m not trying to call anyone out. Just trying to get some honest info and perspective.
I’m thinking of using a Broker for the first time for my upcoming lease. I’m wondering about pros/con’s of using a broker.
Is it as simple as being willing to pay an additional premium (i.e. service fee?) to have a car delivered to your door as opposed to doing all the negotiating yourself?
Should brokers deals be as good or better than what you can get yourself?
One distinguishes one brokers number from another, is it their particular relationship with certain makes or dealerships? Aren’t all brokers essentially playing in the same deal-making sandbox?
I’m especially curious if anyoe has used a broker and then gone back to doing the purchasing yourself.
I’m even trying out the “build poll” function and asking folks, anonymously, “if you have used a broker previously has that now become your preferred way of leasing?”
if you have used a broker previously has that now become your preferred way of leasing?"
There are many other similar threads. Search and you will see this has been discussed frequently.
It depends if you enjoy searching for a good deal or not. Broker deals will save you time. You may or may not beat their deals. There is no blanket answer.
While I agree that most folks have plenty of time to make/inquire about deals, I would also say that most folks who do lots of deals probably underestimate the time they spend and thus the value they have committed towards finding a deal.
It’s pretty rare someone is going to significantly beat a broker deal, especially from a value of time perspective. Lots of people who frequent various deal spaces tend to value their time at 0 which is obviously a poor/erroneous decision.
It is similar in some ways to people who buy a bunch of stuff they don’t need because it is a “deal.”
For some people, the pursuit of a deal is worth more to them than the actual deal and their time.
Most folks should prob just go with a broker and move on with their lives. Pay your 500-1000 bucks , do your deal in an hour or less total and move on with your life. In reality emailing dealers, talking to them, back and forth etc etc is going to take multiple more hours than this, so it just depends on how you value your time
It’s not necessarily delivered to your door. Many deals have to be signed and picked up in a dealership.
You’re paying for the convenience of a pre-negotiated deal instead of DIY. Just like many services whether it’s housekeeping, landscaping or something larger. Pay someone or DIY.
Are some people willing to go from eastern LI to southern NJ to save $10/month? Yes. And some people are not.
It’s a free market. Everyone decides how much their own time is worth.
Is it as simple as being willing to pay an additional premium (i.e. service fee?) to have a car delivered to your door as opposed to doing all the negotiating yourself?
Yes and no. The broker really just made the connection and the details of the offer and the rest was not any different from buying a car directly with a dealer.
Should brokers deals be as good or better than what you can get yourself?
Some are as good, some better, some worse. Many deals are hard to replicate with your local dealer because they won’t play ball. Broker listings cut out this hassle.
One distinguishes one brokers number from another, is it their particular relationship with certain makes or dealerships? Aren’t all brokers essentially playing in the same deal-making sandbox?
Probably? That’s the secret sauce no? Think of it as if a broker can get volume moved, who do you think a sales manager would prefer to work with? A broker who can get many deals done or an individual that just wants 1 car at the volume price. But some dealers don’t seem to care, and there are actual dealers on LH.
I think brokers are invaluable but they have a tough job.
