By Brian Rogerson, car finance writer
CAR brokers.
They’re fast becoming a crucial part of the car acquisition process for small businesses.
Because large national finance companies are closing their local branches and reducing field staff.
So the local motor finance experts are now the finance brokers.
Indeed, many UK car finance brokers have a previous career background with a national finance company – so they know their way around the business.
How can they help you?
Well, they have links to several finance companies. So they are able to tailor a suitable finance package just for you. They will be able to find the best rates – and the best finance product for your needs.
Car leasing brokers will be able to explain in simple terms the differences between hire purchase and leasing – and which would be best for you.
If you are seeking to finance your existing company cars a broker will be able to arrange contact with a leasing company to offer a sale and leaseback arrangement.
If you are just starting out on the vehicle acquisition trail a broker will guide you towards an appropriate franchised dealer – or in some instances supply the vehicle themselves.
One such car broker is Central Contracts, run by Mike Lloyd, which was established in 1998. It employs a staff of 15.
Mike explains that the company can supply all types of vehicle and good-value nearly-new cars are a speciality.
