Has anyone ever used a Auto broker, back in the day my father used them for his car and had a guy go to auto dealer auctions and get him 1-2 year cars, he'd pay a small commission and the vehicle would be cheaper than a dealership, plus he didn't need to go into a dealership. These days I see a couple Credit Unions, Costco, and online services like CarEdge will negotiate for you. I really don't want the hassle of hopping from dealership to dealership. Has anyone actually used any of these services to get a car and was it worth it. I know I might forgo some negotiation power and lose out on 1-2k in the long run.
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Based on the most helpful WSO content, the concept of using a broker or a service to facilitate the purchase of a vehicle isn't directly covered, especially in the context of auto brokers. However, drawing parallels from the discussions around the value of brokers in real estate and investment sales, one could infer some general insights about using intermediaries like auto brokers or services.
Value of Expertise: Just as a good real estate broker can be invaluable by leveraging their market knowledge, connections, and negotiation skills, an auto broker might offer similar benefits. They could potentially access better deals through auctions or private sales, understand the true market value of cars, and negotiate effectively on your behalf.
Time and Hassle Savings: The discussions highlight the benefit of saving time and avoiding the hassle associated with direct negotiations and transactions. This is akin to avoiding dealership hopping and negotiations when using an auto broker, which many find tedious and time-consuming.
Cost vs. Benefit Analysis: While there's an acknowledgment that using a broker involves paying a fee, the decision boils down to whether the fee is justified by the benefits received. This mirrors your consideration of possibly forgoing some negotiation power and potentially higher costs in exchange for convenience and possibly still getting a better deal than you could on your own.
Changing Landscape: The mention of increasing digitization and the availability of online platforms changing the value proposition of brokers in real estate could be paralleled with the automotive industry. Online services and platforms might offer competitive, if not better, alternatives to traditional auto brokers by providing price comparisons, negotiations, and facilitating transactions without needing to physically visit dealerships.
In conclusion, while the WSO discussions don't directly address auto brokers, the underlying principles discussed about the value of brokers, the importance of expertise, and the trade-offs involved in using intermediaries can offer valuable insights. If the convenience, time savings, and potential access to better deals outweigh the costs and potential downsides for you, then using an auto broker or a similar service could be worth considering.
Sources: Value add - multifamily ... RENTS, TAXES, WTF??, Best Broker Stories, Do retail financial advisors provide ANY value??, Does anyone even like investment sales, What does an old car say about a Sr. Analyst?
Only works if you know how to work on cars. Usually cars are at auctions because either 1. they had issues that made them hard to sell or 2. they were undesirable in general. And those are not mutually exclusive issues either.
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