Specialist auto finance providers (including brokers)
As an expert mechanic makes your car run smoothly, so too car finance experts can make buying easierHere we are not talking about the type of car loan, so much as who arranges it. Car buyers can negotiate their own finance deals with banks, credit unions and the like, or alternatively they can engage a financial services provider or a finance broker to do so on their behalf.
In some cases, these providers can also search and source your vehicle – although this is usually limited to new or demo vehicles.
Finance brokers typically have access to varying types of car finance products from a range of lenders to suit different types of purchases and buyers. A good financial services provider or broker should be able to deliver lower interest rates and, in some cases, limited or no establishment fees.
Best of all, they can often present a range of options, understand the documentation you need and do the running around for you.
They are earning fees to place you in a financing product, but overall the savings on the finance and/or the vehicle can deliver savings.
Related: Car Finance - Everything you need to know
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Related: Car loan and finance terms and definitions
Related: How do I finance my car
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