Westpac – Westpac Banking Corporation – is Australia’s oldest bank and a prominent member of the ‘Big 4’ – which includes the largest banks in the country and the organisations that handle the majority of business in the banking sector. Founded as the Bank of New South Wales in 1817, the bank went through a name change and rebrand to Westpac in 1982 while continuing its long heritage of supporting Australian businesses and individuals.
As a dominant bank, Westpac is active in all sectors of the financial industry, providing a broad range of services across the business, consumer, institutional and wealth management markets.
Jade Car Loans is accredited with Westpac and utilises this status to source great car loans for our customers. Both existing Westpac customers and non-customers are of course welcome to apply to the bank directly for a personal car loan or business car finance but at Jade, we consider we offer significant advantages to customers that utilise our finance broker services.
Navigating the complexities of lending through such a large organisation as Westpac can be challenging, both in terms of time commitment and in fully understanding and being across every detail. Despite most financial institutions offering personalised services, some don’t quite deliver up to the expectations of today’s customers.
Jade Car Loans offers a totally personalised service in sourcing you a car loan from Westpac. You will be assigned your own Jade consultant and have a direct and single point of contact throughout the process. Your Jade consultant will source you a quote from Westpac and explain all the details, terms and conditions so you understand the offering.
Our accreditation with Westpac entitles Jade to industry channels which means direct access to their team and possibly faster service for our customers. Many long-term bank customers, especially businesses that operate transactional accounts with large sums involved, often think they should get preferential treatment when applying for loans. Perhaps automatically offered lower interest rates or better terms based on their loyalty. Under the laws governing lending practices, all banks and lenders must adhere to strict rules and your loyalty may not have any impact on the loan you are offered.
The role of your Jade consultant however, may have an impact. Our team are fully across the Westpac car loan guidelines, we know how the bank assesses applications, what is required and how they price loans. We use this insight and knowledge to assist our customers to structure their application to best suit Westpac’s guidelines and we use our negotiating skills to achieve the best outcomes.
Arranging a Westpac Car Loan
If you specifically want Westpac to finance your vehicle purchase, you Jade consultant will handle your application, source you a quote and handle the paperwork to finalise the loan and your purchase. We will also consider alternatives to ensure you are receiving the cheapest car loan available for your requirements.
A key consideration is whether the vehicle you are considering actually meets the Westpac guidelines for car loans. For personal car loans the website notes they have a minimum loan amount of $10,000 and the vehicle must not be more than 7 years old. For business vehicles, the minimum is $15,000 and terms advertised are 1 to 5 years.
Westpac’s stature in the Australian finance sector makes it the first call for both businesses and individuals seeking a car loan. For many, they simply prefer to deal with an established bank rather than an alternative lender. We understand and appreciate all points of views, preferences and opinions and as your finance broker, will work towards achieving the best and cheapest car loan for you from your preferred provider.
Working with Jade to source your Westpac car loan means you’re dealing with a highly professional and experience financiers that works solely in your interests and the services of one of Australia’s leading banks as your finance provider.
To discuss a Westpac Personal Car Loan or Business Vehicle Finance, please call 1300 000 003 and speak with a Jade Car Loans consultant.