Loans
Finance Brokers Save You Time and Money
BROKERS - SAVE TIME & MONEY
Article written by: Darryl Houston, of NFCSA, one of the largest car finance brokers in South Australia.
Unless you are a finance expert using an experienced broker to arrange finance is the best way to get an understanding of how the lending market works, what is available and typically what suits your situation.
As a consumer it is impossible to know the lending criteria of all the lenders in the market, and knowing your likelihood of a successful approval before applying.
Good Brokers Know:
• The best way to structure finance.
• The best way to present your application.
• Which lenders offer the best all round deals.
• Which lender is most likely to approve your application.
• How to reduce the impact of a purchase on cash flow.
When you apply for a loan with a broker you are effectively applying for a loan with all the lenders the finance broker works with. In many cases these loan options will prove more economical than more traditional bank finance packages.
If you have a poor credit history, using a broker may be essential to secure a finance option on favourable terms. Brokers know how to best present your case and which lenders are prepared to consider lending to buyers with poor credit.
Brokers can be a huge time saver, most will come to your business or home and can arrange appointments at a time convenient with the customer so you don’t need to get to the bank in banking hours.
Brokers can arrange Pre Approval so when you go shopping you can buy with confidence knowing that the finance is ready to go.
A finance brokers job is to get you the best possible deal, taking your own unique circumstances into account by matching you with the lender.
Brokers also have access to insurance products to protect you, your loan and the item you are purchasing, again saving you time because they do the running around for you .
