Key highlights
- Dealer finance is quick but routes through few lenders
- One broker compares 80+ banks and non-bank lenders
- Keep finance separate from the vehicle price negotiation
- Compare dealer finance before you accept it
When you buy at a dealership, finance is often offered on the spot, which is convenient. But convenient is not always the same as competitive. Here is how dealer finance compares with using a broker.
What does dealer finance offer?
Dealer finance is quick and sits right where you are buying. However, it typically routes through a limited set of lenders, so the offer in front of you may not reflect the broader market. It can suit a fast purchase, but it is worth comparing before signing.
What does a finance broker do differently?
A broker compares a wide panel, in Overdrive's case 80+ banks and non-bank lenders, and matches your business profile to a lender likely to approve on competitive terms. That comparison can reveal options a single dealer channel would not surface, subject to lender criteria.
Why deal with one broker?
With Overdrive you deal with one broker throughout, rather than negotiating finance alongside the vehicle price. That separation can make it easier to focus on getting the finance right, independent of the sale.
Should you compare dealer finance first?
Before you accept dealer finance, compare it. Simon at Overdrive can provide an indicative quote across 80+ lenders. Request an obligation-free quote. It is a soft check that will not affect your credit score.
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