What is a Finance Broker and why they will save your time and money!
What is a Finance Broker?
A Finance Broker is a person who brings together the client who is looking for finance, with a finance provider. They serve as a link between you and the lender. Their job is to match the client to the best available finance provider from a range of lenders.
What is a Great Finance Broker?
A Great Finance Broker has a large range of finance providers to choose from that suits a wide variety of clients and asset types. Assets can range from cars, caravans, boats to business equipment. They are experienced and can match the client with the most suitable finance provider. This will ensure that you get the most cost effective finance interest rate and best loan terms. The broker oversees the entire loan process, saving you time and money.
Why is a broker better than a bank?
A finance broker can offer several advantages over a bank when it comes to securing financing. Here are some reasons why:
- Access to a wider range of lenders. A finance broker typically has access to a wider range of lenders than a bank. This means they can help you compare a broader range of products and services to find the best fit for your needs.
- Specialist knowledge. A finance broker is a specialist in the finance industry. They can offer expert advice on complex financial matters. They can help you navigate the intricacies of different loan products and provide guidance on which options may be best suited to your individual circumstances.
- Time-saving. Applying for a loan can be time-consuming, especially when dealing with a bank. A finance broker can help streamline the process. They manage the paperwork and communication with lenders, saving you time and effort.
- Personalised service. A finance broker can offer personalised service tailored to your individual needs. They can take the time to understand your financial situation and work with you to find a solution that meets your specific requirements.
- Competitive rates. A finance broker can often negotiate competitive rates and terms on your behalf, as they have access to a range of lenders and loan products. This can save you money over the life of your loan.
Why is a broker better than a car dealership?
A broker can offer several advantages over a car dealership when it comes to buying a car. Here are some reasons why:
- Access to a wider range of vehicles. You can source cars from multiple dealerships and private sellers, giving you more options to choose from.
- No pressure sales. Buying a car from a dealership can often involve high-pressure sales tactics. A broker can offer a more relaxed and impartial approach. You can make an informed decision without feeling rushed or pressured.
- Expert advice. A broker is a specialist in the automotive industry. They offer expert advice on different makes and models, as well as financing and insurance options. They can help you make the best decision for your needs and budget.
- Time-saving. A broker can help streamline the car buying process by managing paperwork and communication with dealerships and sellers. This can save you time and effort compared to buying directly from a dealership.
Overall, a broker can offer a more personalised, flexible and comprehensive approach to buying a vehicle compared to a dealership or a bank. It is important to choose a reputable and qualified broker to ensure you receive the best possible advice and service.
Why AAA Finance are the finance brokers of choice!
AAA Finance has over 40 different lenders. We have consumer car lenders to specialist low doc car, truck and business equipment financing. If you use your bank then you are only able to access that banks limited loan options. A car dealership has one, maybe two lenders. At AAA we have specialist lenders for all type of vehicles. Cars, boats, bikes, camper trailer and caravans as well as business vehicles, trucks and equipment. Whether you are a wage earner or a business owner we will have a lender to suit your unique situation. AAA Finance brokers have more than 100 years combined finance experience. We know how to structure a loan to ensure the best outcome and secure an approval the first time.
AAA Finance are the finance experts and we will save you time and money!
AAA Finance and Insurance are Great Finance Brokers!
About the author
Peter Watman has extensive finance and automotive experience having worked in both industries for over 30 years. Peter founded AAA Finance and Insurance in 2012. He leads an experienced team that provides quick and easy finance solutions along with exceptional customer service.