Brokers are like independent sales people who may sell all brands of cars and trucks. Traditional brokers usually work locally and have a network of prearranged dealers who will give low prices to the brokers customers. Traditional brokers make 100% of their money from sellers and dealers. Some brokers charge you a fee in addition to making the majority of their money from the dealer.
Traditional brokers passed around through family members or from coworker to coworker may have an excellent reputation. They may be worthwhile because of the low prices and convenience offered.
New Internet Brokers do little. They are not human. There is no human contact. The new broker types are actually a sales funnel throwing you to a dealer offering a seemingly low price.
You are still at the dealer’s mercy with only the implication of a low price. So in the end you’re subjecting yourself to almost the same hocus-pocus as if you just walked in the dealership.
Brokers may earn a few hundred to a few thousand dollars per transaction. New Internet Brokers have been whittled down by powerfully controlling dealers in different states to be an contract sales arms of the dealers.
NEW INTERNET BROKERS
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