---
title: How To Pick Your Car Finance Company
description: Looking to finance a new car? Learn how car finance companies like Marsh Finance can help you find the perfect vehicle with HP or PCP agreements.
---

[The Latest Car Finance News & Advice ](https://www.marshfinance.com/blog)

# [How To Pick Your Car Finance Company](https://www.marshfinance.com/blog/blog-which-is-the-best-car-finance-company)

 Written by [Marsh Finance](https://www.marshfinance.com/blog/author/marsh-finance) | Aug 30, 2024 2:20:42 PM

**Need a new car but don't have the full price?** Car finance is a popular way to get the vehicle you want without paying for it all upfront. Let's break down how it works and what you need to know.

## **What is Car Finance?**

Car finance is basically a loan that helps you buy a car. You borrow money from a finance company, and then you pay it back in monthly instalments. The company owns the car until you've paid it off.

## **Car Finance Lenders, Brokers, and Dealership Finance: What's the Difference? 🔍**

When exploring car finance options, you'll often come across the terms "lender," "broker," and "dealership finance." Let's break down what each one means:

### **Car Finance Lender**

**A car finance lender (Like us!) is the company that gives you the loan.** They could be a bank, a credit union, or a company that only does car loans. When you borrow money for a car, whether it's with a broker or dealer, it's the lender that your agreement will end up with.

### **Car Finance Broker**

Brokers work with lots of different lenders. They know what offers are available and can help you choose the car finance agreement that's right for you. 

### **Dealership Finance**

Car dealerships often have a panel of car finance lenders. This means you can apply for a loan directly through the dealership! However, your actual loan agreement will be with a car finance lender.

[View full post](https://www.marshfinance.com/blog/blog-which-is-the-best-car-finance-company)

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