Independent providers
Unlike captive finance firms, independent finance providers are companies that make available credit or funding without being tied to any specific brand or organisation.
There is a wide selection of independent finance providers which will offer lending to anyone for virtually any purpose, although some are specifically designed for providing car loans and other vehicle finance arrangements.
Among those specialising in car finance are Credit Plus, ACF Car Finance, CarLoan4U, Motion Finance and Co-operative Motor Group, which is part of the Co-operative Group. Some work with specific dealerships due to Geographic reasons or other arrangements such as exclusive deals.
This category is also comprised of banks and building societies, which provide personal loans that could go towards the purchase of any car. They offer competitive deals, some of which may have better rates compared to those from specialist car finance providers.
