31 Jan Dealer Finance VS Broker Finance

Dealer Finance vs Broker Finance

Owning a car is a big deal for many people. Whether it is a first or a second one, there is always some excitement whenever someone is purchasing a car. However, just like buying a house, people should never hasten their decisions when it comes to financing their new car.

In Australia, consumers have many financing options available to them, two of them are through dealer financing and through an auto broker. Although the frequent comparison has always been dealer finance vs bank loan, auto loan brokers took bank loan’s spot because the latter is not flexible in terms of interest rates. So auto broker vs auto dealer, which one is better? Many would consider dealer financing as a popular choice, but you will be surprised to learn that auto brokers like Finance Ezi will be more beneficial.

Dealer Finance

Many people choose to go through the dealer to avoid talking to lenders. The dealer will handle everything including financing and the paperwork. The dealer will also shop around your credit profile to banks and lenders to get the best possible offer. Another advantage of getting dealer financing is that the interest rate is negotiable. The dealer can give you a fair interest rate, however, you need to have a good credit score to get the low rates. These are also usually available to new cars only and can be limited to certain brands and models. In addition, the payment term is only up to 3-4 years and there could be a balloon payment towards the end of the term.

Broker Finance (Finance Ezi)

Auto brokers are the same as the dealers in terms of being the intermediaries between people who want an auto loan and companies that will provide financing assistance, for the lowest possible interest rates. The difference is people do not need to have a good credit rating to get the best possible rate when they employ an auto broker. Auto loan brokers have access to a wide variety of financial institutions to help find the best possible deal, like Finance Ezi.

Finance Ezi has a wide array of service providers that will help you find the most suitable product according to your financial situation. It will help find the best possible source of your desired vehicle, regardless if it is new or secondhand. The company offers a stress free, easy processing, and fast approval car loan with terms that can be stretched up to 84 months (7 years) for lower repayments. At Finance Ezi, consumers are assured that everything will be done with their approval and that the financial product that they will choose will save them money, not cost them more.

The choice is Ezi

Comparing broker vs dealer in auto loan financing cannot get any easier with Finance Ezi. If you are looking for the best possible deal to help you purchase the car of your dreams without sacrificing your convenience, choose Finance Ezi. It will help you save time and money on your next car loan deal.

Contact us on 1300 003 003 to talk about car finance, or simply apply online to get things started today.

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