Hey guys, I used a lease broker to lease a car, which will be delivered today afternoon.
my questions is, since i did not sign anything yet, if i read something in find print that i do not agree on, I am entitled NOT to sign the deal, right?
This will be first time leasing a vehicle and i do not get myself into trouble for next 39 months.
The broker advised me that he will be coming to the location of agreement with a dealer and the car.
and he added that everything will be shown on ipad (signing as well) so there is no physical papers.
Since they will be bringing the car, i assume that they already did all the DMV work.
Just in case, i want to know if i will be able to get a way from the deal IF i find something fish in the lease contract.
I am a broker. Been doing it for about 15 years. Never advertised anywhere. All my business is word of mouth referrals. Most brokers shouldn’t want to screw you in any way as that will mean less business in the future. That being said there are plenty of dicks in the business. As long as what your signing for is exactly what was agreed upon I don’t think you have to worry. If it’s not DONT SIGN. you’re not obligated to. E-contacting is very normal. Have the broker email a copy of it in advance so you can review.
It’s highly unusual that they would not at least send you a term sheet (with all the numbers) and a draft of the contract beforehand. I am not sure how they would have gone to the DMV since they need your insurance info and signature on a sales contract. And a third party is involved, which is the bank, so this also requires paperwork.
So interesting, you are in the process buying a car sight unseen from a broker you don’t know and a dealer you haven’t met
Shouldn’t the process be as follows: The broker locates the deal for you and then the process should be just like leasing from a dealership - with the broker getting a finder’s fee? Disclaimer: I have not used a broker.
But as you said, since you have not signed anything, I cannot see how this is just them showing you the car as opposed to you having committed to buying the car.
Hello just curious if you work via internet or do you know someone local in california. I really want to lease a new car by year end but figured its safer to go through a broker as this would be my first lease deal. Im good a negotiating a car purchase. I have read alot of the lease hacker tips and tricks but still very nervous in that aspect.
Any brokers in the San Diego area? I’m looking for an SUV preferably with all the bells and whistles (especially safety) and at least 12k miles/yr (15k preferred)
A broker is a middle man. He makes a profit and so does the dealer his working with.
If you have time and know how to negotiate you can get a better deal then what a broker will quote you.
I leased 4 cars in the past 2 years I got a better deal than any broker quoted me.
However, if you cant find a specific combo your looking for a broker will assist you on locating it for you if available.
I’m in a similar boat, wanting to use a broker because it’s my first deal. I keep getting decent quotes from dealers, and when I say I’m considering a lease, then that sales price disappears and they just start talking monthly payments. Some will share sales price (always higher than when I’m just talking about purchasing), MF and Residual. They don’t always break down the discounts vs. incentives so I don’t really know how to calculate if it’s a good deal or not (taxed vs. not on discount, right?).
@Anthony_Lopez at DSR Leasing so far has been more competitive than anything I could “cook up” with any dealers on a wide variety of cars, but I also wasn’t being as strategic as some mention about picking specific stock and asking for quotes based on those only… I have so much to learn.
This is true…I’ve learned a lot here. I called a broker and and he acted like I was stupid when I mentioned MSD.
I’m certain this doesn’t apply to all brokers. I’m sure they want repeat clients and positive word of mouth.
