What are they lying about? There’s nothing dishonest about advertising the lease price through the lowest price bank. I’ve asked brokers to quote me through different banks when I knew I didn’t want to use the lowest price option. Has never been an issue.
Keep in mind too that the broker has no control over which banks the dealerships work with.
@Kctham18 not the best terms on Tier 2. MF is .00131. Residual $22,766.
I don’t think brokers need any help defending themselves. You realize that these guys make hundreds of K a year on average while the average salesperson makes less than 50k. People $hit on the guy at the dealership all the time but worship brokers for some reason.
Here are some things they lie about:
1- Getting a good discount of the Venza in NJ is not too hard. Well it is and if anyone wants to send me a NJ dealer lead that will discount the car 7-9% like they do in CA, please be my friend.
2- Their deals through US Bank are the same as going through TFS. Nott really, what TFS will deem normal wear and tear, USB will ream you another $2-3k at lease end. There goes your savings and broker fee.
3- They are not transparent with information. With many you will not get the selling price, resid value, or MF before forking over your broker fee. They deal mainly with people looking at just the monthly payment and not the other relevant info. It sounds exactly like you are their type of customer. Only concerned about the lowest monthly price.
4- The broker, as your rep, can put you through any finance co you want. If a dealer won’t deal with one, there is always another willing to do so.
5- The broker gets more than just your broker fee. What it gets from the dealer is also coming out of your pocket.
Anyway, I’m all for free markets. Brokers work hard for their money and I don’t begrudge them for being sharks in shark infested waters.
You lost me when you said “I went in…”.
Rule #1: Always negotiate on the phone.
When you come on here and call a group of people liars because you’re either misinformed or have had isolated bad experiences, I’m going to call it out for the benefit of the people coming here to learn.
No one is going to argue with you that there are disadvantages for using USBank. Some of the brokers here are the most vocal regarding that. Offering a deal through USBank because it’s cheaper is not saying that you’re going to have the same experience. Choosing to offer a lower priced product doesn’t make someone a liar.
Most of the brokers here have specific dealers they have relationships with. They’re at the mercy of those dealers for financing. They can’t force them to work with a bank the dealership doesn’t have a relationship with and they may not be able to offer the same pricing if they have to go find another dealer they don’t have a relationship with.
There are brokers that get paid by you, brokers get paid by the dealer, and brokers that have other commission schemes. Not all have the same relationships with the dealers they work with.
There are plenty here that list all of that information. There are some that only provide it when you’re doing business with them. If you want that information up front, work with one who will give it up front.
You’ve obviously never read anything I’ve written here.
Ok whatever.
I don’t buy cars blindly. I need to sit in it and drive it .
You don’t have to talk numbers to test drive either.
Neither do I. But every time I decide to talk numbers afterwards I end up regretting it. Total waste of time, and it’s possible to get sucked into making a bad deal
No harm getting numbers … I know the numbers im looking for. No need to waste hours . I was out in 30 mins
If you know what you are looking for, then it’s pretty hard to get sucked into a deal you’ll regret…
I actually don’t fully agree with that. By letting them put out the first numbers, they’ve set the foundation to which all the negotiations would be based on. You’ve also required them to sink in extra time and energy, decreasing your value as a fast, low effort, volume adding sale.
Maybe in a perfect world. But people get sucked into making poor decisions by excellent salespeople everyday.
A post was merged into an existing topic: Please keep all your “wanted” ads here - Part 3
I am confused abt the buyout amount here. Isn’t that like a 28822/34000 = 84% residual on a 10k/36 lease?
Hey guys
My name is Ali hamdan and i did helped him with that deal,there was incentive cash back plus bonus that why he got that deal plus $2000 down
Incentive for lease $2000 plus $750 Bonus plus i gave him $1500 below invoice so he got th best deal in the market before the shortage .
M