FINANCE FOR USED CARS
Choosing between car dealer finance companies
When to for used car dealers
If your customers keep getting declined for finance, you have to wait a long time for paperwork or just aren’t getting enough support from your current finance provider, it could be time to look for a new one.
The benefits of working with a
Used car dealer owners might think working with a bank is the easiest way of providing finance to their customers, however when you work with a broker you get access to a whole panel of lenders!
How do I know which used car dealer finance company is right for me?
Look for a business with personality and genuine care for the dealerships they work with. There are many credit brokers, but not all of them specialize in car finance. The majority of our team at Connected comes from a motor dealer background – meaning we know what your business and customers need to ensure a smooth financing process. We encourage dealers to arrange face-to-face (or zoom to zoom) meetings with brokers to find their best fit.
What are the main benefits of using a credit broker?
MORE LIKELY TO GET ACCEPTED
Your customers are more likely to be offered the right finance if you’re connected to multiple lenders.
MULTIPLE FINANCING OPTIONS
The best finance offers on used cars come by getting a quote from multiple lenders – within seconds!
YOU GET MORE THAN BUSINESS
With Connected, we make sure we’re helping you and your business in other aspects rather than just finance.
With our Dealer Connectors up and down the UK, they are always on hand to help guide and advise you.
QUICK DECISIONS AND TECHNOLOGY
A good broker will find the perfect deal in no time using the latest technology- ours is called Circuit and dealers love it!
Your finance broker should be very transparent with your commission structure and should give you the freedom to choose between packages.
Looking for a credit broker?
Contact us now to arrange a quick discussion with one of our dealer connectors!
We’re here to ensure all used car dealerships can deliver a better car finance experience for their customers. With more flexibility and transparency by taking the Connected approach, you will find it easier to present finance solutions to your customers.
Frequently Asked Questions
A lender is a company that provides the funds and actually lends the money to your customers, a credit broker is a company that links you to the lender and takes care of all the application/admin.
Our products consist of Hire Purchase (HP), Personal Contract Purchase (PCP), Motor Loans and Personal Loans.
Thanks to technology and video calls, we’re able to get used car dealers on board within days of getting in touch.