bus brokers guide to understanding motor coach dealerships and bus brokers, what they do for you and what they cost
Bus Broker and why they are valuable
A "Motor Vehicle Broker" as defined by Florida Dealer License law statute 320.27 (d procures buses for the public. A bus broker primarily acts as an advertising and marketing company designed to bring bus buyers and sellers together who then close the sale independently. A bus broker does not control the price of buses they advertise, does not handle title or sales tax paperwork, does not take possession of buses for sale, doesn't hold inventory, doesn't take title of buses for resale, does not display buses 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
Bus brokers provides the following services and benefits FOR the BUYER.
Finds the bus that will meet your needs.
Often pick up buyers from airport
and take them to bus location.
Know the buses available on the market and
can offer opinions concerning the price of a bus.
Follow and advise of market
indices and trends.
Often provides history of the bus.
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 bus.
Survey - Knowledge of specific items to look
for with various types of buses
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 bus is transferred to new ownership.
Offer
assistance in any way possible to ensure continued enjoyment of the bus.
Always available to answer new questions as they come up.
Seller Benefits
Bus brokers provides the following services and benefits FOR the SELLER.
It's not that easy to sell a bus. It takes time, commitment and a
great deal of money.
Help in preparing to sell the bus.
Pricing the bus.
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
medi.a
Arrange to show the bus.
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 buses for which he accepts listings, so that
he may present a fair description of the bus.
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 bus 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.
You
can find or list a bus for sale on your own for free at Used
Bus List
Our bus for sale prepurchase checklist is helpful when shopping for a coach.
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