Forecourt finance


Definition

Forecourt finance is a car finance agreement arranged at a dealership, as opposed to a deal negotiated by a credit broker.

Benefits of forecourt finance

It can be more convenient, as there’s no need to shop around. Most dealerships are keen to sell their stock quickly, so you can sometimes negotiate a better deal on the car, if you take the finance too.

Disadvantages of forecourt finance

Buying the car and finance together does not guarantee you the best rate.

This is because bigger dealerships are incentivised to promote manufacturer finance, which may not be the best market rate available.

Similarly, smaller dealership don’t usually have access to a wide lending panel, so you could be missing out on the best possible deal. 

Some people find negotiating face-to-face hard, but to get the best deal you’ll need to be assertive and prepared to walk away if you’re not satisfied.

And whilst you may be able to take advantage of dealers looking to sell their stock fast, the biggest discounts will usually only apply to cars they’re finding it hard to sell.

What are my other options?

There is another way. If you don’t want to get your car finance through a dealership, you could always try a finance broker like Creditplus first.

Typically, credit brokers offer a wider choice of lending options, to help you get the best possible deal.

For example, at Creditplus we have over 90 lending options to choose from, all of which can be tailored to suit your individual circumstances.

Why not apply for a no-obligation quote, and compare it with your dealership?

Simply complete our quick and easy Application Form today, without impacting your credit score.

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