Dealer Car Finance?

Dealer car finance can offer convenience, but be prepared to pay a premium. Don’t accept offers by car dealers for car finance or car lease finance before comparing the offer with finance options offered by other credit providers.

Arranging your car finance pre-approval before you go into a dealership allows you to negotiate as a cash buyer, making you far less vulnerable to profit-seeking salespeople who often confuse customers with interest rates and monthly payments.

Whilst it may seem in most cases we are prepared to negotiate over the price of a car, any saving we are likely to achieve as a result of haggling is quickly eroded away when we paying too much for car finance in order to drive our new car away. If it is a new car you are looking to purchase then you'll undoubtedly be offered a finance package from the dealer. It might offer convenience but does it make financial sense?

When dealers negotiate the purchase price of a car often they will try to deflect your attention away from the purchase price and focus on car finance structures and regular monthly payments to avoid discounting the sale price. This may sound relatively painless but most showroom car finance offers charge more interest than many personal loans.

News Tags: car finance, dealer car finance, car finance broker

Car Finance Articles
Answers to commonly asked questions about applying for car finance
Car finance from a dealer can land you with higher interest rates
Private sale car finance & car loans now available from Madison Finance

Car Insurance Articles
Car finance GAP protection provides you with peace of mind
Car insurance now available as pay by the month with no extra charges

Car Buying Articles
Follow these three easy steps for private sale success