Re: High End Car Broker - Venkatesh (Bangalore) Quote:
Originally Posted by ajmat [*]Very professional and purely acts as a broker. [*]All transactions are between owner and buyer. |
I will take with a pinch of salt, from my own experience with multiple dealers/ brokers, one must be smart himself. There have been guys who have done very fair dealing on multiple occasions but tried to play smart at other times.
I asked this guy some options for a higher end car listed at his insta page, those were sold already. Fair, given the fast movement these days. Then, I asked price for my 2018 LC which has done less than 20K. He offered 1,1 Cr  as against market price of Rs 1,45-1,50 and offers me an explanation that I must have paid 1,65 for the new.
As I mentioned elsewhere, we are lacking a good web interface like - https://www.autotrader.ca/ Secondhand dealerships or the pre-owned sections of reputed brands make too much of monies but may work for a first-time buyer as chances of getting something seriously bad are low.
The best way is to find a direct customer or seller, the future is web, or if any of the larger companies like https://www.carmax.com/ opens here too.
Another possibility will be someone like cars24 come up with an IPO like Zomoto and then they can buy & sell the car themselves rather than trading to market brokers like what they do now. Quote:
Fees:
Commission is 2% from seller. Not sure what he collects from a buyer
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Usually 2% from Buyer too, neat earnings, some of the organized new car dealers dont earn this much. Up here in North, it's usually 1+1% (buyer and seller both pays) and occasionally 1% from seller as some time, broker has to pass his margin to the buyer if the deal is struck.
Last edited by Turbanator : 19th July 2021 at 11:47.
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