Arranging Car Finance

There are many vehicle finance providers out there, including banks, finance companies, finance brokers and car dealers (if you’re buying your car from a dealer), so obtain a little bit of internet research or ask for some recommendations. Now you have a shortlist, give each company a call, describe your situation and what you want, and ask them to put together some options for you and get them in writing. Be sure they including the interest rate, information about retained interest & payout penalties and all fees & charges – for your protection and to compare them later. If you choose to to speak to the finance salesperson at the dealership, don’t be pressured into signing anything on the spot.

Most are great high-pressure salespeople, and you could end up costing yourself a lot of money if you don’t take the time to properly compare all your options properly. Talk to an experienced car finance broker when organising your quotes, as they have access to a wide range of different lenders. Not having to contact each finance company individually, this saves you a lot of time as it provides you with access to a range of quotes and comparisons.