Why Use a Finance Broker in Getting a Car Loan

24 May Why Use a Finance Broker in Getting a Car Loan

Instead of getting credit through car dealerships or get a loan directly from the bank, why use a finance broker?

Why use a finance broker in getting a car loan

Wanting to purchase your dream car is easy, getting finance and arranging paperwork make it to a different level of complexity. Once you have found your dream car, it’s easy to be overwhelmed with the options the dealer can provide and you might find yourself locking into a financial agreement that does not really suit your lifestyle options or take into consideration your repayment ability.

If you are interested in purchasing your first car or another vehicle for your use but feel intimidated by the process it takes dealing with financing, it’s wise to seek a finance broker instead of dealing directly with the dealers or even banks.

WHY?

As a finance broker, I don’t charge for my services and there’s no obligation when you make an enquiry.

We can make it quicker and easier for you to get a car by handling all the paperwork and doing all the legwork on your behalf. If you are struggling from a less-than-perfect credit history, are self-employed, or haven’t built up a credit profile yet, we can uncover more opportunities to access car finance. Working with our range of accredited lenders, our brokers can search through all the possible options to find you the most competitive deal.

Traveling around dealerships, having no idea whether or not your application will be approved or even stressful meetings at the bank—these can be avoided by using a finance broker in helping you finance your next car. Using a finance broker can also help you save your credit file. Applying with more than one lender can damage your credit score. Working with a finance broker essentially lets you apply with multiple lenders through one application.

All you need to do is find the car you want from a reputable dealer and as your finance broker, we can help you with financing your next car.

Looking to purchase a car? Call Kirsten on 0408 081 082 or email at kirsten@soulfinancegroup.com.au.

Disclaimer:

Credit Representative Number 486927 is authorised under Australian Credit Licence 389328.

This article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.