When looking for the best vehicle financing deals, it is advisable to use a car finance broker. A broker is ideally placed in the industry to find you the perfect car loan that meets your needs.
Here are 10 reasons to use a broker to secure your next car loan.
- Free broker services
You can make a free no-obligation enquiry. Your broker’s payment for services rendered is commission-based, which means it’s in their best interest to find you a financing deal with the most attractive interest rates and affordable repayments.
- You save time
Using a broker is the stress-free way to find and compare financing options. Based on the information you provide about your financial situation, your broker will approach a number of financial institutions on your behalf to secure a loan you can afford.
- Customer satisfaction
A broker will often deal with your questions and issues much quicker than if you were to go directly to the banks and they work beyond banking hours to ensure customer satisfaction.
- You save money
By finding you the most attractive interest rates, affordable repayments and other advantageous loan features such as balloon payments, a broker can save you money in the long run.
- You have access to their expertise
With their expertise and years of experience, brokers can quickly match a lender’s product with a client’s profile and needs.
- A broker works on your behalf
A broker works on behalf of the client and not for the car dealership or financial institution. Their focus is solely on finding you a loan that meets your needs. They should have no special relationship with any one bank or dealership.
- You remain in control
A broker has access to a wide range of loan products and lending institutions. They will compile a shortlist for you to consider, and you make the final decision.
- Limited credit enquiries
Each loan enquiry you make results in an enquiry into your credit history. A broker can make numerous loan enquiries on your behalf that wont raise any red flags.
- They can find a vehicle for you
One of the services a broker can provide is to find a car for you, saving you the time and money, stress and effort. In addition, a broker can negotiate the best price for you. Simply Finance has created Simply Automotive, a car sourcing service that is guaranteed to make the process of buying a car easier and faster for you.
- Road-worthiness checks are taken care of
If you’re buying a pre-owned car, your broker can obtain the required certification such as the safety certificate and get the vehicle certified as roadworthy.
Finding the right car loan can be an overwhelming process. Why not benefit from the many services of a car finance broker? Get in touch with Simply Finance today and find your new car the stress-free way.