When seeking financial advice for your vehicle.

So many people get themselves in this situation at one point in their life. You are looking for a car. Maybe you have just passed your driving test or just fancy a new car. If you cannot afford to buy it outright you will obviously be looking for car finance and the best thing to look for is an independent financial advisor (IFA). These advisors are independent from any company, brand or product and will aim to get the best deal to suit you. They will search the whole of the market which means they aren’t tied to any product.The independent financial advisor should have a good reputation, testimonials should be displayed on their website and they should clearly state that in the past they have saved clients money. If there aren’t testimonials on their website you need to keep looking. It’s best to feel confident about whom you are dealing with and confidence is gained mainly by facts and past dealings they have done.Find out about their application process, how much time you are spending going through it and how much money you are spending before you get your quote. A good company will only ask a few questions at the initial stage. Steer clear of those asking excessive amounts of information at first point of contact. There should only be a few questions, things about yourself and the car you want to finance or if you want car refinance.There are various schemes out there, you can get car lease purchase, contract purchase, hire purchase, car loan and refinance. Check every one of them out before making up your mind about what you want.Once the IFA has found you a company you want to go with they will get in touch with the underwriters who will discuss how to progress and take your application forward. Also going with IFA’s may actually lower the loan repayments for you. If you go with a company that earns commission for every application they you are likely to pay more as you will be paying the commission value too.If you already have car finance and want a better deal then the best bet is to scour the market and find out what is out there and go for car refinance. You could end up lowering your monthly outgoings that are associated with your motor either drastically or even just by a little meaning you can save money for other things in your life that may be more important. In these hard economic times every penny counts.With lease purchase deals you can actually drastically reduce your monthly repayments but maintain the car of your dreams so to speak. You just restructure your agreement or move it to a different deal. You pay less because you are technically just hiring the car but with the option to buy at the end.So before you contact an IFA you should have all the relevant information at hand, whether you want finance, refinance, if you have a car already, what kind of car you want if you don’t have one, your current agreement and don’t be shy in asking questions about how much money you will be forking out each month, whether it is fixed rate and the duration of the contract.