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A car finance broker is someone who helps a car buyer get approved for an auto loan. It is typical for a broker to have access to a number of lending institutions. This in turn gives him the ability to provide better loan rates for the buyer. A broker is often not connected to any particular dealership. Check out these slides for more information.
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Most people when they come through to us, also have the option of going to their bank, going to a car dealership or using a broker. When you use a broker, you've got access to many more products, many different banks and many different approval pathways and generally a lot more knowledge. If you go to a dealership, you' generally have a car sales person who's been lucky enough to be promoted to a business manager position. He doesn't necessarily have the financial expertise that a broker would have. If you go to a bank, then you're stuck with just that one set of approval pathways and conditions, requirements and interest rates that they provide.
Using a broker, you have access to the rates, the approval pathways, the policies of a lot more lenders and you've got someone advocating for you to get you the best deal.
IN THIS VIDEO: Senior Asset Finance Broker Francis Valente expounds on why you should use a car finance broker.
Our brokers can help you get the best car finance deals in Australia. We have a network of over 30 lenders to give you a very wide selection of competitive options. Visit our website today for an instant, no-obligation quote.