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What is a Leasing Broker?

Think of a Leasing Broker as a middleman between the customer, the dealerships and leasing companies. They’re usually independent and won’t have ties with just one manufacturer or leasing company. In fact most leasing brokers have relationships with several different leasing companies or ‘funders’, meaning that you have more choice and quite often get better rates or ‘special deals’. 

Advantages and disadvantages of leasing through a broker 

Because a broker is normally independent and working across multiple manufacturers and leasing companies, they’ll work for you to look at the market and get the best deal – and you’ll have a choice of lots of cars and deals. A broker will be able to find cars from all around the country, so you could still get your perfect car if local cars don’t meet your criteria. Instead of you doing the leg work, the broker will do it for you – potentially taking a lot of the stress out of the process. You might also like to deal with everything online or on the phone, which leasing brokers are designed for. 

Advantages and disadvantages of leasing through a dealership 

Going through a dealership was the traditional way of leasing a car, and still has some merits. You’ll be able to look at the cars in the showroom, test drive cars, sign the paperwork and drive away without too much hassle. It’s better for you if you prefer to see everything and talk to the dealer in person, as well as enjoying the newcar 

However, going through a dealership will limit you to the brands sold there, so you won’t have as many options from a car perspective. That works the same for the funders offered by dealers, which are often limited exclusively to the funder of the brand they represent. 

You won’t have an unbiased opinion to count on either, so you’d need to do your homework on choice of car before visiting a dealer.

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12th of March 2019

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