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If you buy and sell cars then you need to know more about the various financing options available. If you buy and sell cars then you need to know more about the various financing options available. The modern motor industry runs on products [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] such as car loans and these can be an important resource that can help you to boost your business.
Flexible Finance
Car loans account for a massive percentage of the credit market. These types of loans are [url=http://www.fayatindia.com/giuseppe-zanotti.html]giuseppe zanotti[/url] incredibly popular and the majority of people now use car loans when buying a new vehicle. This means if you are a dealer then you cannot afford not to [url=http://www.shewyne.com/woolrichoutlet.html]woolrich sito ufficiale[/url] offer your customers the options of car loans when they are in your showroom.
There are various types of car loans available. It is a good [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour france paris[/url] idea to offer your customers a choice of loans so that they can find the best option to suit their budgets and requirements. Here are just [url=http://www.mnfruit.com/airjordan.php]jordan pas cher[/url] a few of the more common types of car [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie pas cher[/url] loans on the market:
- Hire Purchase (HP) – hire purchase agreements have been around for many years now and are available in a range of formats. These agreements are popular still as they offer a very straightforward structure that is easy to understand and follow. Basically with HP car loans you would offer customers the chance to borrow the money they needed towards a new vehicle. They would then pay a deposit to drive the car away and pay off the remainder of the sales price (plus interest) in [url=http://www.shewyne.com/hoganoutlet.html]hogan outlet[/url] monthly instalments.
- Lease Purchase (LP) – this is a slightly more complex twist on HP. The customers would still need to pay a deposit and monthly instalments (plus interest) against the loan for a new car. However with LP there are some additional options available. For example if the customer opted for a final balloon payment then they could [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] benefit from lower monthly payments against the money they owed.
Outsourcing Car Loans
Dealers will need to look to outsourcing car loans to specialist motor finance providers. These third party providers will be able to offer secure, robust borrowing options for dealers.
- Motor finance experts will already have in place the skills, experience and administrative structure to handle lending options for customers.
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- This will help you to stay competitive in a busy and difficult motor sales industry.
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