Selecting a Finance Broker

A car finance broker can save you time and money by assisting you in choosing an appropriate finance option for your circumstances, and by assisting you before, during and after the application process. Finance brokers receive “accreditations” from lenders, which are official agreements between lenders and the broker that allows the broker to access each lender’s services. The range of accreditations held by a broker decide the range of options they can offer to their clients. With some requiring very little to provide an accreditation, the accreditation process varies from lender to lender.

Some lenders are so selective that they only deal with one or two of brokers across the whole of Australia! When choosing a car finance broker, find out about their range of lender accreditations because your brokers’ accreditations not only affect the range of finance options available to you, but also the quality of those options – the more selective lenders often provide the most attractive finance products. Remember that when it comes to lender accreditations, quantity does not equal quality!