Multiple aspects influence the decision of using a dealership or a lease broker. It includes –
- Are you aware of which car brand you desire to buy?
- Do you desire the paperwork done online?
- Do you prefer to go for a test drive before purchasing the car?
A leasing broker is a middleman between the dealership, funder, and you. They are responsible for securing the funds necessary to buy the car you desire. They are an independent worker and are not associated with any financial institution. They have a solid network and competently secure better deals. Lease A Car Direct has a team of knowledgeable brokers that can help you lease or buy a car from your home. They are well-versed in negotiating with the dealership and get you better deals.
Advantages of lease brokers
- Lease brokers work independently. They are not associated with manufacturers. Therefore, they offer deals on a variety of models and brands.
- As they are an independent entity, they work with a vast network of funders offering access to competitive rates. There is plenty of competition among the funders, so you will get better deals.
- The broker’s earnings depend on successful referrals, so they work hard on your behalf to get the best deals.
- Unlike dealerships, brokers source cars from across the country.
- The broker does all the hard work just tell them your car and funding needs. They will find it even if you have bad credit.
- You gain access to many manufacturers using brokers, whereas dealerships offer limited choice.
- Fleet discounts are not accessible to the public, only the brokers get them.
Disadvantages of lease brokers
- The chances that the chosen broker may be unreliable increases, especially when you ignore to do thorough research. You need to do background check to ensure that the broker you will work with is credible.
- Brokers have a repute of charging extra fees. Nevertheless, a good broker is transparent about their fee structure. Admin fees are included and if the broker says they doesn’t charge then be careful as there can be some hidden charges.
- Never assume that the broker has access to plenty of funders, so you need to ask upfront and avoid this risk.
- Experience is another aspect you need to ask them.
- There is no test drive when you use a leasing broker or the car will not get delivered on the same day. You will need to consider the delivery time before gaining access to your car.
You don’t desire to work with a dodgy lease broker. Ensure they are registered and have a good track record.
Lease brokers have the leverage to gain access to the best deal you can get!