notfastenough, February 24, 2012
My wife is due to collect her new car in a couple of weeks. The dealer offered the usual finance deal where I saw the APR and went "what?!". Anyone know of good third party providers for car finance?
Can you get a loan/finance through your bank, thats your best bet of getting a decent interest rate
The Dealer "should" be the second best bet, but if you know which finance company they are using, go to them directly to see if you can get a better one
Third party providers will normally be higher than a dealer because the dealer "should" get a decent rate because he/she may bring in X amount of clients for the company and therefore getting a favourable rate
posted by Gkam84 [6446 posts] 24th February 2012 - 14:12
Ok, cheers. My natural inclination would be sceptical of the bank route, but you have a point.
If the bicycle was invented tomorrow, it would be seen as the solution, not the problem
posted by notfastenough [1936 posts] 4th March 2012 - 17:20
Also the thing about car finance and car loans is if you ever default on the payments then the loan company can take the car off you.
When I have been in the market for new cars I have always just gone to a normal bank for a loan then not tying the car to the loan.
posted by Marauder [196 posts] 13th March 2012 - 22:21
Hmm, fair point, thanks.
posted by notfastenough [1936 posts] 15th March 2012 - 17:29
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