If you're wondering what the difference is between a personal loan from a bank and dealer finance, you're not alone. The main difference is that with dealer finance, the salesperson arranges the loan for you via their preferred lender. With a loan from a bank you often have a choice from a few different loans with flexible features.
While dealer finance may seem like an easier option, comparing personal loans before you commit gives you a better chance of finding the loan that best suits your needs. If you're considering 0% finance, don't forget to check for a balloon payment at the end and administration fees or commissions for the dealer.
If you have any questions about our personal loans we’re here to help. Call us on 133 282 for a chat.