Two Tips For Choosing a Car Finance Broker

When you want to buy a car it is soon quite obvious that you need to find money to do so. There are many channels you can investigate in this regard, but most people turn to car finance brokers as an easy and efficient way to get the money required for this large purchase. But choosing a car finance broker is not always easy, and the process can seem a little overwhelming at first. In this article we hope to provide you with two key tips that should help you sort the wheat from the chaff, and find a car finance broker that will bring you high quality finance at a good price. Most importantly, the car finance experience should be pleasant and hassle-free.

EXPERIENCE?

One of the most important aspects of this process is experience. You should be able to find the details of the car finance broker online, and ascertain their level of experience. Look at their website and see if you feel confident after viewing it. Your instincts are important here. If you have looked at their site and don’t feel better about working with them after doing so, the chances are they are not the right car finance brokers for you.

The website should have the obvious on it, as in clear contact details and so on. It would be preferable if the site also had some fresh content on there too. If they have been able to update their blog recently, this is usually a good sign that they are proactive, and reaching out to a loyal audience.

Most importantly, you should be looking for testimonials or recommendations on the site. If this is happening in a big way, it shows that the broker has some kind of integrity. It also shows that they are good at what they do, and this is exactly what you are looking for in a broker. Take your time to look over the website for the broker. It makes a big difference.

PROFESSIONAL ACCREDITATION

You are also looking for accreditations. You need to know that they have the relevant qualifications and endorsements from professional bodies. This is very important, because the broker is part of a process that involves borrowing. If the integrity is not there through appropriate accreditation, then there is no confidence. If you don’t see plenty of evidence of a professional level of achievement and accreditation, then there really is no reason to proceed with the broker.

The best way to approach this process is to ask yourself some serious questions about your ideal broker. If you are looking for a broker, you need to know that you can trust them. Break down what that trust means in your head, and see if the broker is anywhere near meeting that level of trust. If they are not, remember that this is your money they are going to be dealing with, and ask yourself whether it is a good idea to be placing your trust in them.

ERP Software Financing: the Future? – Overview for Company Owner

In our case – we serve Microsoft Business Solutions ERP and CRM products: Microsoft Great Plains, Microsoft CRM, Navision, Microsoft RMS, as well as we do customization and integration to these products. We would like to share with you our experience with financing through Microsoft Financial Corporation, the entity handling software financing for Great Plains, CRM, Solomon, Navision & Axapta.

o 0% interest financing. Well – this is probably a dream or something that should not be practiced (otherwise you compromise MRP list price). However, considering the nature of software – this is something that costs nothing to sell – assuming that all the software development expenses and costs are already behind. From time to time Microsoft Business Solutions practices this 0% financing. Right now (June 2005) new customers are enjoying this promotion

o Increasing Number of Clients – who use financing. Last year we saw clients who were trying to increase their market share, by fueling their efforts with financing of all the kinds, including MBS financing. This year we see regular clients, who are using financing just to stabilize cash flow. Some of these clients have enough cash to purchase the system, but they still finance.

o Car vs. House financing. This is classical American dilemma. In my personal opinion – you can not pay upfront the price of the real estate, so you use mortgage to finance you house. However, again this is my personal opinion – car financing is something you should probably stay away from, because car loses value as you leave the dealership place – you can not sell the car on your own for the same or similar price. Software is very challenging asset – from one side – ERP might be something your business get he market value on, from another side – if it is not implemented or implemented only half of the way – it might be the burden. Maybe you, as business owner have to do your homework long evening and weekend hours to decide on your MRP financing.

o Consulting Paradox. This is something I would prefer to keep silence about and tell when I face to face with the prospect. You can finance not only the software, but also the implementation. Imagine the situation, when Microsoft Business Solution Partner gives you the proposals where Software list price is k$25 and estimated services to implement the systems are another k$25. You can finance k$50. And if you catch 0% promotion – you finance services at 0% and the most amazing fact is – MBS Partner will get the money upfront from Microsoft Finance Corporation for both pieces (k$50)

o How to trade your system in? if you or MBS partner failed to implement – is it any known way to trade in the system. Well – this is the place where we would like to stress – consider first to be conservative and do not use financing…

Good luck with financing, implementation, customization and integration and if you have issues or concerns – we are here to help! If you want us to do the job – give us a call 866-528-0577 or 630-961-5918! [email protected]