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How to Use a Professional Buyer to Buy a New Car

Contributor
By Barb Nefer
eHow Contributing Writer
(0 Ratings)
A professional car buyer can help you save hundreds of dollars.
A professional car buyer can help you save hundreds of dollars.
Artwork: sxc.hu (nornir)

According to the Edmunds car research website, many new car buyers save hundreds, or even thousands, of dollars by hiring a professional buyer to handle the transaction. Buyers also save time for their clients because the person hiring them does not have to spend hours traveling to dealerships and haggling with salespeople and managers. Finding and using a professional buyer is not difficult if you know the right steps to follow.

Difficulty: Moderately Easy
Instructions
  1. Step 1

    Locate several professional car buyers so you can determine who is right for you. The Edmunds car research website says you can find professional car buyers online or in your local Yellow Pages, or you can get recommendations from friends or car-buying forums. You don't necessarily have to be limited by geography. Edmunds says that many professional car buyers will handle deals nationwide.

  2. Step 2

    Narrow your list by checking out each professional buyer's background. Check with the Better Business Bureau and online complaint websites. Search car-buying forums to see if there is any feedback on the buyers on your list. Weed out anyone who has consistently bad feedback.

  3. Step 3

    Contact the professional car buyers on your list to find out how much they charge for their service and to get more information about their business. Edmunds says the charge should be a flat fee that typically starts at $200, although it can be as much as $1,000 if you're purchasing a rare or hard-to-find model. The fee will be offset by the money you save on your purchase, which is typically several hundred dollars. You should also ask about the buyer's experience, background and how he finds deals. A professional buyer should not have any ties to a particular dealership.

  4. Step 4

    Choose a professional buyer based on your talks with the buyers on your list. While you might want to pay the smallest fee possible, also base your choice on the buyer's experience and feedback from people who have used her services.

  5. Step 5

    Put your agreement with the professional buyer in writing. The contract should spell out the fee, exactly what the buyer will be doing for you, and any timeframes you have agreed upon. This will prevent any misunderstandings later. If the buyer makes any promises that are not in the contract, have him add them in and initial them. Verbal promises cannot be enforced unless they are put in writing.

Tips & Warnings
  • If you want some help in buying a new car but don't want to hire a professional buyer, check out automobile associations and wholesale clubs. If you belong to a club like Costco, it may offer a car-buying service. The American Automobile Association's branches may also be able to help.
  • Edmunds warns that some professional car buyers get compensation from dealers for steering business to them. This is not ethical, as the buyer is supposed to be working for you and searching for the seller who will offer the best deal. When you are looking for a professional buyer, ask your prospects where they have purchased vehicles in the past. If they seem to have a bias toward a dealership, do not hire them.

References

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