Intermediaries
An intermediary is a go-between, a middle-man between you and the company you want to take a loan from. Intermediaries are also often known as brokers, and in essence they go looking for a deal for you. You should be aware when dealing with intermediaries that they don’t always find you the best deal available from all the finance companies on the market – although many are able to approach whichever company they choice when finding you a deal, many intermediaries are only able to approach the one or two companies with whom they have developed a relationship.
Also be aware that the latter is not necessarily some sort of closed-shop practice – the closer the relationship that the intermediary develops with the finance company, the more often it is true that they will be able to offer you much better terms than you could get if you approached the companies directly.
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