truck brokers - guide to dealerships and truck brokers
Truck Brokers and why they are valuable
A "Motor Vehicle Broker" as defined by Florida Dealer License law statute 320.27 (d procures trucks for the public. A truck broker primarily acts as an advertising and marketing company designed to bring truck buyers and sellers together who then close the sale independently. A truck broker does not control the price of trucks they advertise, does not handle title or sales tax paperwork, does not take possession of trucks for sale, doesn't hold inventory, doesn't take title of trucks for resale, does not display trucks on any of its properties. Brokers are paid commissions agreed upon before the deal starts thus ensuring a good price for both buyer & seller.
Buyer Benefits
truck brokers provides the following services and benefits FOR the
BUYER.
Finds the truck that will meet your needs.
Often pick up buyers from airport and take them to truck location.
Know the trucks available on the market and can offer opinions concerning
the price of a truck.
Follow and advise of market indices and trends.
Often provides history of the truck.
Advises of resale values.
Motivates the seller.
Provide referrals for insurance.
Advises of potential for trades.
Provide referrals for financing.
Assist you in making the offer.
Writes a purchase agreement with necessary elements to protect your interest.
Keep you apprised on tax issues, or duties that may apply to a particular
truck.
Survey - Knowledge of specific items to look for with various types of
trucks
Provide inventory of items on board to confirm agreement between both
parties.
Coordination of all the players involved in a closing, office staff; finance
companies; insurance agents; selling agents; documentation companies;
attorneys; overseeing any repair work being done prior to closing, etc.
Help coordinate any work to be done after the closing.
Follow up with documentation as the truck is transferred to new ownership.
Offer assistance in any way possible to ensure continued enjoyment of
the truck.
Always available to answer new questions as they come up.
Seller Benefits
truck brokers provides the following services and benefits FOR the
SELLER.
It's not that easy to sell a truck. It takes time, commitment and
a great deal of money.
Help in preparing to sell the truck.
Pricing the truck.
Knowing who your competitors are and where you fit into the market.
Advising of any improvements that should be made to compete within today's
market.
Preparing materials, Specifications, Marketing materials, Print media,
Electronic media.
Arrange to show the truck.
Provide marketing materials to corresponding brokers.
Continual updates on price changes, location changes, and sales status.
Ad placement in magazines, Internet placement.
Responding and following up on inquiries, available by phone daily 8 am
to 8 pm.
Qualifying inquiries, weeds out tire-kickers.
The commission doesn't change.
Peace of mind at no extra charge. Commission remains the same whether
it's being split two ways or ten ways. It doesn't cost a penny more to
have a broker representing your interests.
Rules brokers perform by:
1) The Broker will be well informed on current market conditions in order
to be in a position to advise clients of fair market value.
2) The Broker protects to the best of his ability, the public against
fraud, misrepresentation and unethical practices.
3) The Broker will try and learn all pertinent facts concerning all trucks
for which he accepts listings, so that he may present a fair description
of the truck.
4) The Broker should not be a part to the naming of a false consideration
in any document.
5) The Broker, for the protection of all parties with whom he deals, should
see that financial obligations and commitments regarding truck transactions
are in writing, expressing the exact agreement of the parties; and, that
copies of such agreements, at the time they are executed, are placed in
the hands of all parties involved - hire a good commercial truck dealer
or truck broker.
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