Taking the leap

Discussion in 'General Business Forum' started by Yasou1985, Jan 16, 2021.

  1. Yasou1985

    Yasou1985 UKBF Newcomer Free Member

    27 1
    Hi all

    Finally decided to take the leap to become a finance broker mainly specialising in car finance for now.

    Just a thought, I am very keen to know what the finance broker market is like in the current climate. Has it slowed down for those in this business or is it steady?

    Many are telling me it is a bad time to go into anything. It will be great to get your thoughts.
     
    Posted: Jan 16, 2021 By: Yasou1985 Member since: Jun 9, 2018
    #1
  2. MBE2017

    MBE2017 UKBF Ace Free Member

    2,150 817
    I think it is the wrong time for YOU, if you do not know the market and what it is doing, I think you will struggle.
     
    Posted: Jan 16, 2021 By: MBE2017 Member since: Feb 16, 2017
    #2
  3. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

    5,439 2,223
    I'm sure you are aware that there have recently been some far-reaching changes to regulations in this market which will heavily impact on commissions


    As with any market, the key is to find a niche where you can add value
     
    Posted: Jan 16, 2021 By: Mark T Jones Member since: Nov 4, 2015
    #3
  4. Yasou1985

    Yasou1985 UKBF Newcomer Free Member

    27 1
    I have some knowledge of the market especially around the changes that are coming around commissions. Willing to jump in with 2 feet and learn from any mistakes that will be made.
     
    Posted: Jan 24, 2021 By: Yasou1985 Member since: Jun 9, 2018
    #4