Why use a Car Finance Broker

A car finance broker is a well-experienced professional who has the ability to find the best deal to suit your situation. It is also important to note that a car finance broker is independent and is solely working for you and not your car dealership or financial institution.

Relationships Matter Sure, in this day of fantastic Internet searches, individuals can look for their own auto financing deals online, but most consumers lack the proper knowledge about what makes a great deal and just where to find these. An online car finance broker is a specialist who has traveled down this road many times before building relationships with lenders. This professional knows the dos and don’ts of the industry and how to avoid questionable arrangements while identifying good ones based on an individual’s specific needs.

Dealer Deals May Be Costly Car Finance may be available directly through the dealer, but it usually tends to be the more expensive financing route to take. Although the dealer may throw in buy-from-me incentives such as free maintenance, warranty, and other loaded extra’s to make the deal more attractive, it is not always the case. What must be assessed and is of most importance is the interest rate and other loan fees charged by the dealer, which in most cases, will turn the attractive deal to an ugly one. Car Finance brokers, however, do not operate in the same manner or work in a car dealer environment. They will find through one of their independent lenders in the network of people they deal with on a day-to-day basis the best deal for the customer guaranteed.

Car finance brokers, unlike banks and other lending institutions, are not limited by only a set number of finance products proprietary to one company. Since they build relationships with many different types of lenders, all of the products available through these companies can be examined to determine which one suits you the best.