Discussion
P-Jay said:
Pharoah said:
Or skip the middleman / broker and come direct to a bank for the best rates. I work for Lombard and happy to look at any finance for PH members....
PM me for my contact details...
Cars for Private Individuals via Lombard, naughty naughty! not likely... PM me for my contact details...
m4tt said:
P-Jay said:
Pharoah said:
Or skip the middleman / broker and come direct to a bank for the best rates. I work for Lombard and happy to look at any finance for PH members....
PM me for my contact details...
Cars for Private Individuals via Lombard, naughty naughty! not likely... PM me for my contact details...
The Lombard rep would have to go to HQ to agree the finance and their appetite for high-end cars is "extremely limited" it is highly likely they would say "sorry, not for us" irrespective of a credit history, personal standing etc. They would also insist on higher rate than is achievable. Their valuations of used cars (and thus the amount they would lend against it) use are pessimistic to say the least and so is this their view of future values (and of course any balloon payment they would accept).
I'm sorry if I'm "talking out of school". But, as a middleman as Pharoah put it, I find it offensive for him to say that it's somehow cheaper to go direct. It might be, but the rate you get has little to do with going direct. Most importantly the rate (APR, PAF however they choose to quote it) should be considered secondary to the TYPE of facility you use, this has far more of an impact to the total cost of the deal than the rate.
People use finance brokers because of our experience and knowledge. We place millions of pounds of finance every year and obviously with that sort of buying power it's not very difficult to get the customer the same, of not better rate for the best product for them (and not which one suits the bank the best - IE the one that they have to set aside the least amount of capital for) and still earn a living. Not to mention the majority of asset finance providers no longer have a direct selling force. They are 100% reliant on Brokers.
I’m not plying for trade as I don’t pay to advertise here.
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