Woodside credit.
If you werenât being paid by the dealership, what incentive would you have to move their inventory versus a competing dealer?
Having access to multiple dealers worth of inventory around the country we carry a distinct advantage for both selection and in that we actually do comparison shop between different cars and dealers we work and trade with based on what makes most sense for the client whether that be timeline, specification preferences and cost basis.
When we say Look No Further, we mean Look No Further!
There are some areas where that is common place (particularly in the NE).
There are some areas where that doesnât happen.
There are some areas where that is completely illegal.
Itâs certainly not a ubiquitous thing.
If you are talking on a national level, once you factor in the price of shipping, its a moot point. I am talking on a local level for competitive markets. If you serve SoCal, there are a couple dozen dealers for any given manufacturer all sitting on undesirable inventory i.e. EQ/IX competing for the same clients. Take for example if you were to have the exact same IX with a 96k sticker at two dealerships down the street from each other. Dealership A offers you the car at a 10% discount and kicks you back $300 for making the deal, Dealership B offers you a 10.5% discount but kicks you back absolutely nothing. The difference to the client is ~$13/month on a $800+/month payment, which is trivial. In Scenario A the dealer makes $150 more profit, and you make $900 profit, in Scenario B the dealer makes less, and you make a $600 profit. Since you donât have any contractual exclusivity agreements in place as you claim to cross shop dealerships, from a business standpoint why would you take option B over A? Are your clients that price sensitive where they would not do business with you over a 1.5% difference in payment? From the dealer Bâs perspective, if they are moving the vehicle why would they care who buys the car, you or a customer?
Not how, Nor how we would ever want to operate but I understand the concept.
We are our clientâs advocate.
Just yesterday I got a call from a broker who serviced a specific community in Brooklyn. He was shopping a deal looking for a $6311 bird dog check. I never have or never will pay a broker a bird dog. There are brokers on this site who have sourced vehicles from me. I never cut checks to them.
That being said, retail brokers, they make thousands of dollars off each of their customers.
@IAC isnât that guy
could you imagine getting a $500-$1,500 broker fee each deal AND getting a bird dog check for double that?
Man If I was making 2k per car on 30 units a month I would be like @Jrouleau426 and be a neighbor of a NBA owner!
Just kidding bud, jealous of your FL weather
Itâs pretty amazing how much some people manage to make on one car selling very boring cars for thousands over sticker
There is a person in brooklyn right now who thinks MSRP-7500-500 for a recharge lease is a GREAT deal.
The broker is keeping the spread from MSRP to -2000 below invoice + spring bonus cashâŚ
The worst part is, the customer is actually happy with this
oddly specific amount
Biggest bird dog I get is $100. I donât ask for them just happy to get best pricing from my dealers instead. Itâs all factored in anyway to the deal.
And heâs hardly my neighbor haha. Lives .25 miles away across a bay on a gated private island. I can just look into his living room along with my 500 neighbors
Its called EVERY SINGLE PENNY between msrp and -2k with the rebates lol
And brokers from that community message me all the time asking me to cut huge bird dog checks. I tell them to collect it from the buyer, pay me, keep the rest, but they know they canât bc then the buyer would realize how much theyâre overpaying by.
I have dealers that will do it but I donât like to operate that way either. I charge everyone the same based on the vehicle.
Hunch itâs Marquis Auto Leasing
Iâm going to take a wild stab and say itâs Brighton Beach. Iâm not saying that brokers on this site are making thousands in kickbacks, but what I will say is that if I were a dealership, paying a broker the equivalent of a mini, would be cheaper than paying that mini + a salary + benefits of a salesperson on the floor and would lower my overhead.
There is a volvo store in NNJ that used this business model
To my original point, would you offer a broker lower pricing than what you advertise on here?