Challenge Us To Beat The Dealerships

We have all been there. You go into a main dealer to enquire about a new or used car, they go through the details and give you a monthly price based on your deposit and length of term, it is within your budget, so you accept. Because it fit your budget and most likely was the car you were looking for, you feel you have a good deal and are happy with your purchase. But what if it could have been different?

The Dealership Offering

Banks and dealerships offer a ‘one size fits all’ approach without the flexibility or bespoke options that a broker like Oracle Finance can source for you, using our relationships with some of the biggest lenders in the industry. Their products are designed so that they suit the majority of their customers rather than are tailored to each individual customer. This means that they need to apply to the most expensive car they sell as well as the cheapest, those with a poor credit history or low income as well as those with an excellent credit score or those that are considered a high net worth individual.

If you had gone into a dealership looking at a car that may have been a couple of years old, they probably would have convinced you that a new one is the cheaper alternative in terms of payments per month. This is all down to the Annual Percentage Rate, or APR. On a brand-new car, they have the ability to subsidise some of the cost by the manufacturer to allow them to effectively offer a better rate of APR. With this in mind, it was usually the case that many dealerships could offer a lower APR on said brand new car than independent finance lenders as they did not have the ability to subsidise, or build in, the cost of reducing the rate into the price of the car. But things are changing.

Times Are Changing

Thanks to the Bank of England Base Rate rising to its highest since 2008 then gradually falling again, the competitive rates that dealerships could once offer have also risen to their highest in years, and now more than ever, the playing field is becoming more level, even swinging in the opposite way in many cases. Both new and used car finance packages at dealerships have seen the interest rates rise and seem to be taking more of a hit than independent finance providers can offer.

So, before you agree that finance package with the dealership, why not challenge us to beat the dealerships to see if we can use our panel of lenders to provide you with a finance package that is more suited to you and your circumstances.

Why Use A Finance Broker?

Often a dealership is tied to a single lender or product, so if that lender has raised their interest rates there is little the dealership can do about it. Many people are not even aware that you are entitled to source your own finance for any vehicle you are looking to buy. This means that you do not have to be tied to whatever the dealership is offering in terms of the finance package or the rates they have quoted.

Much in the same way you wouldn’t use the advice of an estate agent when arranging your mortgage, why should you use the advice of a car dealer who is equally not an expert at providing a finance solution buying one of their cars. When buying a house the majority of buyers would seek the advice of a mortgage broker, your car finance should be thought of in the same way. Using a car finance broker like Oracle Finance means you have access to our panel of over 20 hand-picked lenders, as well as the offering of an unrivalled selection of finance products, to ensure you get the right package for you and your circumstances.

What’s more, our services are free to use for our customers, meaning you get all our expertise and knowledge without paying anything for it. If you could buy the same car from the same dealership but at the end of the day end up with a package that is bespoke to you and your circumstances, isn’t it worth that call?

So How Can We Help?

As well as providing a bespoke package just for you, your very own dedicated Account Manager will help you every step of the way to ensure your experience is hassle free and catered to your situation. With an overall 5-star TrustPilot rating from over 2,700 real customer reviews and over £2 billion of funding for our customers so far for their prestige, classic and supercars, you are just one click or phone call away from finding the perfect finance package for you.

Even if you have already funded your car with the dealership but are wondering if you could benefit from the same exceptional service and can switch to a more suitable agreement, of course you can. Speak to your dedicated Account Manager today about your refinancing options.

Challenge us to beat the dealerships today by clicking here: GET IN TOUCH

The Oracle Car Finance Difference

At Oracle Finance we have your new car funding sorted throughout 2024 and beyond. Our expert Account Managers use our panel of specialist lenders to help you to find the perfect package, bespoke to you and your circumstances. Our team are always on hand should you have any questions about arranging car finance and your dedicated Account Manager is ready to take your call today.