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With the
Internet's popularity ever increasing car brokers are becoming less common. Today we see more online classifieds/broker type systems. Online web applications have almost completely replaced the broker. And broker fees have become listing fees, with some sites also charging a spotters fee
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Many car brokers disclose their referral fee (also called dealer fee) on their websites. These referral fees are usually minimal amounts also known as "spotter fees" and as dealers are not having to pay for extra advertising or staff costs they welcome the extra volume orders from their regular
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Cars are one of the most expensive depreciating assets people buy in their lives. It's a right of passage to adulthood when a person buys their first car, but many younger people can not usually afford a car. That's why people approach car financiers. Car
Financiers lend money to allow accepted
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Car brokers work with their own established network of new car dealerships. When a client requires a new car, the car broker will contact one or more dealers in their network and determine which one will provide the required car at the lowest price. Delivery and location parameters may also be
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As the popularity of the
Internet increased, the first pure online car brokers appeared around 2003. These car brokers are typified by the lack of a dealer's license, and only dealing in new cars. This minimises the labour component of the business and allows a high level of
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Some car brokers can help source used cars as well as new ones. In many of these cases, the car broker will buy the car and then sell it to their client. Used car brokers are generally licensed. The reasons for having a dealer's license are:
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clients to purchase their next car sooner than they otherwise would, and work with the client to create a repayment plan. However interest rates do vary widely and arranging your own finance is often better.
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Motor brokers would typically be started by car sales people who wanted a change of lifestyle. They were almost exclusively one-person operations, and operated as
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to fit a budget, getting the lowest price on a new car, or negotiating with a used car seller on behalf of a client that already located the car by themselves.
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In spite of car brokers having been in existence for decades, general public awareness of them in
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The car may be sourced from a private seller, but the buyer must purchase from a licensed dealer due to financing requirements.
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car dealers. They would be licensed as car dealers, and focus on achieving the best bottom line deal for the customer.
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specialise in helping car buyers source and buy cars. They typically offer services such as finding a particular used
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each time they would bring a customer to the dealership. If the customer bought the car, the broker (or
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Clients often prefer buying from a licensed dealer as statutory warranties apply in most cases.
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considered. Some car brokers offer to deliver the car to the client's home or place of work
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After some time, a business model evolved where businesses would set up and call themselves
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Many clients buy used cars via brokers without first seeing the car.
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The car may be bought at an auction where private sellers cannot bid.
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420:. Car brokers: Have they got a deal for you?. Archived from
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Other services provided by car brokers can include:
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61:Learn how and when to remove these messages
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107:"Car brokers in Australia"
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90:Please help
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385:Regulations
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403:References
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446:. Choice.
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352:Financing
267:Australia
255:car model
198:verifying
53:talk page
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210:May 2008
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261:History
192:Please
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