Car Loans and Finance


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Car Loans and Finance

Just when you thought you were getting to grips with these prices and probably getting somewhere with your negotiations, the salesperson starts talking car finance. This is another “minefield” area where they can use several tactics to disguise what may be going on.

The first thing you have to understand is that selling car loans is BIG business. As an Internet user, you only have to look at how many spam emails about car loans you get, the number of websites offering loans for cars or the number of adverts on TV by loan brokers there are, to realise this fact. Finance companies pay out quite large commissions to companies that put business their way. When a dealer organises the finance for your car purchase they will get commission from the finance company… this can be several hundred pounds!

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