Is this how car agents really work?

[gearhead]

okay so how does it work guys?

this has actually happened this week. a guy calls and says he has a buyer for a car. he asks for a 50k finders fee. now he claims that he will not get anything from the buyer. then you find out that the buyer is trying to haggle since he claims he will have to give 50k to the agent.

now since the agent wasnt quite up-front how does this work? he also stated to both parties that he is not getting anything from the other side.

what are the standard rates to date?

your thoughts?

[1D4LV]

okay so how does it work guys?

this has actually happened this week. a guy calls and says he has a buyer for a car. he asks for a 50k finders fee. now he claims that he will not get anything from the buyer. then you find out that the buyer is trying to haggle since he claims he will have to give 50k to the agent.

now since the agent wasnt quite up-front how does this work? he also stated to both parties that he is not getting anything from the other side.

what are the standard rates to date?

your thoughts?

ang taas naman nung finder's fee nya, singkwenta mil....
magkano ba yung value nung car na binebenta mo?
normally, pag ganyan, binibigyan ko lang ng 5-10k yung nag-refer.

[uls]

okay so how does it work guys?

this has actually happened this week. a guy calls and says he has a buyer for a car. he asks for a 50k finders fee. now he claims that he will not get anything from the buyer. then you find out that the buyer is trying to haggle since he claims he will have to give 50k to the agent.

now since the agent wasnt quite up-front how does this work? he also stated to both parties that he is not getting anything from the other side.

what are the standard rates to date?

your thoughts?

Forget muna the amount involved.

Just think about what his effort brings to the buyer para ma-justify na meron sya kikitain sa buyer.

If im looking for a specific brand and model of car and i dont have the time to look, i ask an agent to do it for me so he IS doing me a favor. So when he finally finds what im looking for and humingi sya sakin ng pang for-the-boys, i'd be willing to give him coz of his effort.

Dun sa seller part, SOP naman talaga ung commission so there's really nothing to talk about.

What's bothering u is that the agent is making money not only from u, the seller. He is also making money from the buyer.

I dont see why u should be bothered by that coz if the buyer gives the agent something, business na nila yun.

Ang importante sau mabenta mo ung car mo sa presyo na gusto mo.

[MAXBUWAYA]

Thats why i don't Entertain "Middleman"

Most of them can be a real pain.

One time one month nang nabenta yung kotse, may nagdoorbell na middleman he claims siya yung nag refeer noong buyer at nanghihingi ng 10k, at mag susumbong daw sa kakilalang pulis kung hindi ibibigay. Baliw talaga!!
(Eh di magsumbong ka! Extortion yan!)

Dami dito sa Cavite na ganyan mga Middleman kuno, Mga Istambay na jobless. na nagbabakasakali.
Ok lang sana middleman pero dito sa Cavite sa experience ko parang mga Linta.


From what I 've seen yung mga namumuhunan sa second hand car business ang nagnenecourage nitong mga ganitong klaseng midlleman. Mga alalay na nagpapangap na Direct buyer.

Puno talaga ng Basura ang Motoring dito sa Pinas hehehehe

[wildthing]

normal MO po yan ng ahente ng second hand auto. the best is magmiting kayong tatlo and agree on a compromise. without the ahente you won't find the buyer and vise-versa....afaik nagtrabaho pa rin siya (ahente)....so ang issue is how much does he get as his take.

pasensya na ahente ako...so kakampi ako sa ahente. To the determine what is the fair deal (commission) is up to the three of you.

[gearhead]

Forget muna the amount involved.

Just think about what his effort brings to the buyer para ma-justify na meron sya kikitain sa buyer.

If im looking for a specific brand and model of car and i dont have the time to look, i ask an agent to do it for me so he IS doing me a favor. So when he finally finds what im looking for and humingi sya sakin ng pang for-the-boys, i'd be willing to give him coz of his effort.

Dun sa seller part, SOP naman talaga ung commission so there's really nothing to talk about.

What's bothering u is that the agent is making money not only from u, the seller. He is also making money from the buyer.

I dont see why u should be bothered by that coz if the buyer gives the agent something, business na nila yun.

Ang importante sau mabenta mo ung car mo sa presyo na gusto mo.

Hope you dont mind but do you do agent work as well? How many commissions are necessary? and I mentioned that he claimed he is not getting from the buyer. yet now the buyer says he is getting there and as a consequence is haggling for a lower price.

I didnt ask the agent to sell since the car is already advertised.

Just wondering if it is common practice? also to mis declare prices so the agent can benefit from both sides?

personally i find it greedy. also, how much effort is it on the part of the agent? I have seen some that will go to far corners for a car and ask for less.

[uls]

Hope you dont mind but do you do agent work as well? How many commissions are necessary? and I mentioned that he claimed he is not getting from the buyer. yet now the buyer says he is getting there and as a consequence is haggling for a lower price.

I didnt ask the agent to sell since the car is already advertised.

Just wondering if it is common practice? also to mis declare prices so the agent can benefit from both sides?

personally i find it greedy. also, how much effort is it on the part of the agent? I have seen some that will go to far corners for a car and ask for less.

No im not an agent but in my line of work i have to deal with agents.

Syempre the agent will say wala sya kikitain sa buyer. Pag sinabi nya meron sya kikitain sa buyer, u can say to him "kikita ka na pala sa buyer e, wag ka nalang mag commission sa akin"

Same thing sa buyer, syempre sasabihin ng agent sa buyer "hindi naman ako bibigyan ng commission ng may ari ng oto, bigyan mo nalang ako ng for-the-boys para sa pagod ko"

So always assume the agent is making money from both sides.

The amount depends on the price of the car.

Kung maliit lang ung price ng car, usually 5-10T para sa agent.

Pag million/s ang price ng car, usually mas malaki ang amount na hihingi ng agent.

[1D4LV]

Hope you dont mind but do you do agent work as well? How many commissions are necessary? and I mentioned that he claimed he is not getting from the buyer. yet now the buyer says he is getting there and as a consequence is haggling for a lower price.

I didnt ask the agent to sell since the car is already advertised.

Just wondering if it is common practice? also to mis declare prices so the agent can benefit from both sides?

personally i find it greedy. also, how much effort is it on the part of the agent? I have seen some that will go to far corners for a car and ask for less.

that is why bro that we are asking for the price value of the car being sold. if the car value is really small (let's say 300k below), then i think it is fair to give him some gratuity even though your car is sold via advertisement.

i think it is fair enough because he is the one who is looking for a buyer, pero hanggang dun lang kasi yung effort nya.

[gearhead]

No im not an agent but in my line of work i have to deal with agents.

Syempre the agent will say wala sya kikitain sa buyer. Pag sinabi nya meron sya kikitain sa buyer, u can say to him "kikita ka na pala sa buyer e, wag ka nalang mag commission sa akin"

Same thing sa buyer, syempre sasabihin ng agent sa buyer "hindi naman ako bibigyan ng commission ng may ari ng oto, bigyan mo nalang ako ng for-the-boys para sa pagod ko"

So always assume the agent is making money from both sides.

The amount depends on the price of the car.

Kung maliit lang ung price ng car, usually 5-10T para sa agent.

Pag million/s ang price ng car, usually mas malaki ang amount na hihingi ng agent.

if the car for example is only 700k. isnt 100k too high for a commission?

also is it correct to lie to get more? is that fair? just a question.

is it wrong to be transparent? and be compensated fairly? because in the end it could actually stand in the way of a deal or even ruin reputations.

[1D4LV]

if the car for example is only 700k. isnt 100k too high for a commission?

also is it correct to lie to get more? is that fair? just a question.

is it wrong to be transparent? and be compensated fairly? because in the end it could actually stand in the way of a deal or even ruin reputations.

i think it is.... i think giving him 10% max is way to enough, but of course you can still lower it depending on your negotiations. probably the least you can give him is around 25-30k.

just thought about this now. since you are selling the car via direct selling/advertisement, and his services were asked by the buyer, why not coordinate with your buyer to talk with the agent so that he can give the commission from his end. after all, it is the buyer who got the agent's services, not you. at your end, be firm on the final asking/selling price. kung 600k mo binebenta, dapat 600k ang nasa iyo, because of the thing that i've stated above. and the commissions or finder's fee will have to be shouldered by the buyer dahil sya ang nag-avail ng services nung agent. i think this is fair enough.

[_Qwerty_]

I agree... kung naka advertised ka na.. you don't have to pay the middleman na.. hindi naman ikaw ang nag avail nang service nya.. talk to the buyer.. kaya nga nag advertise ka para direct buyers lang i entertain mo eh..

[Memphis Raines]

The sales commission rates I see here are way too high for the agent, even on the 10% rate.

My friend who owns a car surplus shop gives only 10k maximum to anyone who can refer to him a successful sale. Even for sports car variants in his line-up, 10k is max na. Understandably, laway lang naman kasi ang puhunan ng agent.

My answer to the thread title is: NO. This is not how car "agents" work. I think that this is how they try to con you.

That's just me.

[totoybato]

if the car for example is only 700k. isnt 100k too high for a commission?

also is it correct to lie to get more? is that fair? just a question.

is it wrong to be transparent? and be compensated fairly? because in the end it could actually stand in the way of a deal or even ruin reputations.

Mataas nga yung 100K for a P700Kcar, unless you have a prior agreement with the agent , ibang usapan na yun. Ang alam kong going rate diyan is 5%, so 100K is roughly 15% already

May mga agents pa na nag ooverprice, again dapat may prior agreement yung agent at seller, kung wala, tapos nag overprice yung agent, ibang usapan na naman yan

[vinj]

The "middlemen" i've usually dealt with before get around 5K to 10K... minsan nga pina-lunch ko lang happy na siya since kaibigan ko naman. A lot depends also on how hard to sell the vehicle in question is. But 50K??? That's plain highway robbery.

Sell the car on your own.

[uls]

if the car for example is only 700k. isnt 100k too high for a commission?

also is it correct to lie to get more? is that fair? just a question.

is it wrong to be transparent? and be compensated fairly? because in the end it could actually stand in the way of a deal or even ruin reputations.

mashado malaki 100K para sa 700K na oto.

Is it correct to lie? Well, if u ask your parish priest, u know the answer.

But when it comes to money and business, deception is everywhere. Right or wrong isnt the point. It's the way things are e.

Is it wrong to be transparent? Well, there are people who are transparent during transactions. But many are not. So, again, this isnt about right and wrong. It's the way of things.

Yes, there are deals that dont push thru coz of greedy agents. that's business.

Kaya u have to be firm on ur final price. Make that clear to the agent. Coz It will be his decision whether the deal goes thru or not. Sabihin mo hanggang saan ka lang. Take it or leave it.

Ung FIRM and FINAL PRICE mo. That's what really matters. Who cares kung kikita ung ahente sa buyer. Labas na yan sa transaction nyo. Dont let the buyer bother u about ung ibibigay nya sa ahente. Problema na nya yun. Basta bayaran ka sa presyo na gusto mo.

[Galactus]

If you don't want to deal with the agent, why not tell it straight to his face? Assuming of course na hindi mo naman kinuha yung services niya. Kamo sila na lang mag-usap nung buyer.

Pero honestly, pag ako yung buyer and an agent will be asking me 50k as his commission, I'd tell him to go to hell. That's way too much. At most, mga 10k lang ibibigay ko sa kanya, at mabigat pa yun sa puso ko, hehehe.

Bottomline is, as uls said, basta nabenta yung sasakyan sa presyong gusto mo, it won't matter naman kung magkano pa yung commission niya.

[gearhead]

The "middlemen" i've usually dealt with before get around 5K to 10K... minsan nga pina-lunch ko lang happy na siya since kaibigan ko naman. A lot depends also on how hard to sell the vehicle in question is. But 50K??? That's plain highway robbery.

Sell the car on your own.

lol..i am selling the car on my own. these guys just came in dictating their so-called parameters. i suspect it is because the buyer really wants it so they come in. mis-quoting without even consulting and all. no offense but one of them may actually be part of tsikot. i am not saying anything further than that. because that shouldn't matter.

in fact i have refused to take a deposit since i want everything clear before proceeding.

and that is why i am asking you guys what you think.

[LexTer]

okay so how does it work guys?

this has actually happened this week. a guy calls and says he has a buyer for a car. he asks for a 50k finders fee. now he claims that he will not get anything from the buyer. then you find out that the buyer is trying to haggle since he claims he will have to give 50k to the agent.

now since the agent wasnt quite up-front how does this work? he also stated to both parties that he is not getting anything from the other side.

what are the standard rates to date?

your thoughts?

normally sir stick ka lang sa asking price mo. bahala na sila pumatong. or ibaba mo ng konti price mo para kumita din sya sa patong nya. and if posible avoid mo na ang agents na humihingi ng malaki. AFAIC humihingi din ng finders fee yan sa buyers.

[MAXBUWAYA]

Kung sa simula pa palang magulo na txn, at dinidiktahan ka na nang kung ano ano. I think I cancel mo na Txn.

Middleman has really nothing to lose.

Ingat din, may mga buyer na kasabwat middleman.

[hominid]

Kung ang sasakyan eh un model at year na trip na trip mo talaga, tapos mahirap pang makatiyempo o nagkaka-unahan, it could be worth it.