Car Supermarkets are, put simply, shark infested waters. As a young lad I went to one, but had the wherewithall to walk away when they tried it on. Whilst it may feel like your going to Tescos to pick a new car, you are certainly not getting good value for money or a good quality product on many occasions.
With regards to their refusal to accept your 3rd party finance, I don't find this surprising as the salesman on peanuts of a wage will be wanting to earn big commission off the finance. That does not make it fair tough and I'm sure the FC would show more than a passing interest in such activities.
We, a finance broker, offer finance to customers who either source their own cars or want us to do it for them. Our take on it is, as long as they are happy to do business with us, we're happy.
The point about personal loans vs. car finance is very accurate, however I would like to qualify this a little. At the low end, there is no arguning with this, however higher up in value there are different things that come into play, especially on new cars where our suppliers, the manufacturer and even the funder will chip in to the car to bring the value down to make their higher APR less of an issue when you work it all out (i.e. How much it costs over 3 years). This is not a ploy in any way, nor is the price of the car artificially increased, it is just that we can include a greated discount on a finance deal compared to a cash sale. (Cash is no longer King).
My advice, determine the monthly budget and then look at how much you could borrow as a personal loan, then look at used cars up to a value with the budget fro your finance company, but also look at new as it is not uncommon that you can contract hire a new car for less than a used one.
If you want any more help or advice specific to you, ask admin (Avant) to put you in touch with me directly and I am happy to give you as much free advice and help as you need.
Good Luck,
TheBroker
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