Hamski 0 Posted September 9, 2019 Hi All Just got registered with the FCA and need to choose a finance provider. Planning to sell at around £4-£6k. Who's best? Is it worth going to a broker as you can access a number of lenders? Thanks in advance Share this post Link to post Share on other sites
Earunder 69 Posted September 9, 2019 In Brief... As you're new with finance I would recommend a broker until you understand the breakdown on what to do with applications and have some experience. Evolution Funding, Close Brothers, Mann Island Finance are all good brokers that can help. When you have had a fair bit of experience go direct to lenders, you''ll need 3 to ensure you cover all basis of "credit scores". I wouldn't recommend any more than that as remember each search goes against their credit score so you have to be responsible with what you do. 1 Share this post Link to post Share on other sites
Row 71 Posted September 9, 2019 1 hour ago, Earunder said: Evolution Funding, Close Brothers, Mann Island Finance are all good brokers that can help. Close Brothers are a lender not a broker Share this post Link to post Share on other sites
Hamski 0 Posted September 9, 2019 Thanks for the info - does anyone use Dealerplus? Share this post Link to post Share on other sites
JDM1983 28 Posted September 9, 2019 Depending on your circumstances, you might find there isn’t much choice. If you trade from home, a lot won’t work with you. If you are fairly small, a lot won’t work with you. If you aren’t VAT registered, some won’t work with you. Share this post Link to post Share on other sites
J.T 39 Posted September 9, 2019 It's always good to have your fingers in a couple of pies Hamski. I use two brokers, one for prime customers and one for customers that might not look so good on paper. They have different advantages and disadvantages, my prime broker pays more commission but the paperwork involved is a ball breaker and is probably responsible for the lack of wood in the Amazon with all the printing of documents and getting the customer to come back in to sign. Then I have to create a special invoice for them and rescan everything and send it all back to them. My other finance company is more efficient and call the customers themselves and sort out all the documentation with them directly so I literally just just reply with their V5 doc ref and sign an email and return it and it's all done, though they pay much less in commission. It's nice to deal with a smaller broker as you get to speak with the main man which can be helpful when things get a bit tricky. Good luck anyway. 1 Share this post Link to post Share on other sites
DJC CARS 0 Posted September 10, 2019 I'm thinking about giving Blue Motor Finance ago, anyone use them and if so do they pay finance commission? Share this post Link to post Share on other sites
Dealer 54 Posted September 10, 2019 12 minutes ago, DJC CARS said: I'm thinking about giving Blue Motor Finance ago, anyone use them and if so do they pay finance commission? Yes and yes! Share this post Link to post Share on other sites
DJC CARS 0 Posted September 10, 2019 Thats great news thank you Share this post Link to post Share on other sites
