Are you considering buying a new car this year? If you are, continue reading!
Buying a new or used car is an exciting time. The smell of a new car makes most of us weak at the knee's. But how are we going to pay for it? While some people can pay cash for a car, most will require some sort of finance. Whether this be a consumer loan for a private car purchase or a Chattel Mortgage, Lease, Equipment Loan or Hire Purchase for a business vehicle.
Some people take the time to research their car purchase, others buy on impulse, we are all different.
Unfortunately while a great deal of time is taken to get the best deal we can on the car, very little time is taken to make sure the finance package is as suitable and competitive as it can be.
More often than not after settling on the price and particulars of the car and sign where required, we are then ushered into the finance guys office, presented with a repayment amount and then proceed to sign on the bottom line. Without little knowledge of whether the finance product was any good, suitable for your needs and if the interest rate was sharp, or close to what you should be paying. In many cases the interest rate from a dealer isn't any good, unless it is a GENUINE zero or one percent offer.
It leaves me genuinely frustrated when I see people paying much higher than they need too, because they didn't take the time to research the best finance offer for them, prior to shopping for the new car. All the time taken to negotiate a great deal on the car is lost by overpaying on the finance.
By dealing with a broker you are being offered an independent option. You aren't dealing with someone who has a vested interest in getting your loan approved so another car can be sold by the dealership.
We recommend getting your car loan pre-approved before shopping for your next car.
A pre-approval will provide the following benefits:
- Allows you to research with your broker the best finance package / product for your needs prior to walking into the car yard.
- Allows you to know what the repayments on your new car will be prior to signing.
- Saves you time when you have found the right car, your finance is ready to go.
- Gives you more bargaining power during the sale / negotiation. You are ready to buy.
- Allows you to avoid the potentially expensive dealer finance.
If you are in the process of looking for a car or considering buying one this year, do not hesitate to contact us. We will do all the boring finance stuff for you, leaving you more time to look for a car.
Contact us today and we will get the process started for you.
Mobile: 0427 216 011
Credit Rep Number 437411