Why Do You Need to Use a Car Finance Broker to Get a Car Loan?

A car finance broker is a financial industry professional who sources the most suitable vehicle loans on behalf of buyers from their accredited lenders. The motor vehicle lending market is one of the largest sectors of the Australian credit industry and seems to be constantly growing. With more options and opportunities to obtain loans emerging, especially online, many may be thinking why do they need to use brokers. The fact that there are so many options is one of the most compelling reasons why engaging with an expert can be advantageous.

The large number of lenders in the market can lead to strong competition. But with that can come confusion and a lot of time for buyers trying to find their best possible motor vehicle loan. Lenders set their own interest rates and include their own set of features in their credit products. Features which may or may not suit all or some buyers. Vehicle buyers can be presented with multiple considerations.

Should they go with the dealer offer? Should they stick with their bank? Should they stay with the same lender as their current car loan? Should they apply to one of the new lender options? Should they ask a friend for an opinion or ask AI to find their best loan?

Using the services of specialist motor vehicle loan brokers can clarify the confusion, allay fears of selecting an inappropriate loan, and instil buyers with the confidence that they have had a professional source their financing.

What is a car finance broker?

While many vehicle buyers always use brokers to source their financing, others will likely not have or even be aware of the services available to assist them. A car finance broker is a licensed credit provider that sources loans on behalf of vehicle buyers. Brokers are not lenders per se, they do not lend their own funds. They are accredited with lenders that give their approval for the brokers to source loans for their customers from their credit portfolio.

Brokers should be licensed, display their credit provider number and adhere to the Responsible Lender Guidelines as set by ASIC. Some brokers may only provide services to businesses while some, like Jade Car Loans, provide services to both individuals and to businesses.

How can a Jade car finance broker help you?

We source vehicle buyers their most suitable and affordable financing from across our large lender base. Cutting the time and the confusion which buyers may experience when faced with so many options and lenders in the market.

We cover off on more lenders quickly with our industry connections and resources and provide access to lenders not always available direct to the public. While a dealer or other source may only

offer one lender option and no choice, we offer buyers access to many lenders. Why is it important to cover off on a lot of lending options? To ensure the best rate and most suitable credit product is secured. The RBA sets the cash rate but lenders set their own rates on different credit products and the rate offered to an applicant will depend on their financials and credit score. We focus on finding buyers their best possible rate.

Lender rates vary so do the features of their loans and the guidelines they use to approve loans. We know the matrix used by lenders and the features of loan products. Enabling our brokers with the expertise and knowledge to find buyers their most suitable option.

We save you time by handling the hard work and adding professionalism and experience and our bargaining power into sourcing your motor vehicle finance.

Loans Available with Jade Car Finance Broker

We assist both individuals and businesses with our portfolio of personal and commercial vehicle finance products. Secured Car Loan and Unsecured Personal Loans for private buyers and Chattel Mortgage, Lease, CHP and Novated Lease for business vehicle buyers.

We also provide expert assistance for new and small businesses with access to No Doc and Low Doc Motor Vehicle financing. Young drivers can use our services to advise on and arrange Guarantor Car Loans.

Working with Jade Car Finance Broker

What’s it like to use a Jade broker? Straightforward. No referral is needed for starters. Vehicle buyers can simply contact us directly online or by phone for Australia-wide service. Customers brief us on what they are buying and provide details and documents on their financials. We take it from there with total focus on their best interests.

All loans are individually handled with a broker assigned to each customer. The most suitable option is sourced and presented to the customer for their decision. We do the work, you make the decisions. When an offer is accepted, we process and finalise the financing and assist with settlement between our lender and you seller or dealer.

To simply and streamline the process of sourcing motor vehicle finance and ensure you have secured your best possible loan offer, connect with a Jade car finance broker online or by phone on 1300 000 003.

DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.