Buying a Car

Where to get motor finance

Staff at automobile dealerships will have received expert trained on specialist automobile finance products and will be able to advise you on the key features and benefits of different finance designs. For example, you may wish to lease/rent your next automobile than buying it outright. Dealership staff will be able to advise you accordingly.

You should think about all of the options available to you and seek advice before taking out motor finance. This will ensure that your finance agreement suits your personal circumstances and the type of automobile you are buying.

Motor finance agreements are provided by specialist finance companies, who may be a member of the FLA. There is a directory of FLA members, as well as information on the protection provided to automobile finance customers in Consumer Protection.

The automobile dealership providing finance may also be ‘Approved’ under the FLA’s Specialist Automotive Finance (SAF) initiative. SAF Approved dealers have voluntarily raised the professional standards and knowledge of staff involved in the sale of finance and for the benefit of customers. Look out for the SAF Approved logo in your local dealership.

Other advantages of arranging finance at the dealership include:

fast and simple to manage, often while you wait

wide range of products with flexible deposits and repayments

fixed interest rates

access to special promotions, such as 0% finance or cashbacks

You can also apply for motor finance from banks, building societies and other direct finance providers.