Six smart reasons to talk to your mortgage broker about a new car

Buying a new car should be fun, and that’s exactly what a mortgage broker can bring to the process – taking the stress, time and hassle out of arranging a car loan.

Mention the term “mortgage broker” and thoughts of home loans probably spring to mind. But mortgage brokers can also be experts on car loans.

In fact, there are six good reasons why it pays to think “mortgage broker” if you’re thinking of a new car.

1. Good advice to get started

Your car is likely to be a major purchase – possibly second only to buying a home. That’s why your local Mortgage Choice broker can help by taking the time to access your situation so that you’re comfortable about paying for the car you’re committing to.

2. Save money

Tempted to go for dealer finance? Or heading to your regular bank for a car loan? Think again. It could be an expensive mistake.

Competition is hot between lenders and casting your net wide across a variety of lenders can see you save. Your Mortgage Choice broker knows the lending market, and can explain which car loan is best suited to your needs, and your budget, from our wide panel of lenders.

3. Save time

When you’re buying a new car you just want to get behind the wheel sooner.

Your local Mortgage Choice brokers can organise a car loan from a wide choice of lenders and can even help you trade-in your old vehicle.

4. Choice

The right car loan isn’t just about the rate. Some loans come with fees and charges that bump up the cost. Others can be very restrictive. But there’s also a good selection of surprisingly flexible car loans with features to help you pay off the balance sooner.

Unlike car dealerships, which may offer only one or two car loans, your Mortgage Choice broker offers a generous selection of loans from a variety of lenders – some big, some small, and some whose loans are only available through your broker.

The bottom line is that we can find the car loan that ticks all the boxes for your needs.

5. An expert you can trust

Mortgage brokers are finance professionals who take the time to understand each customer’s needs, and then match a car loan to their circumstances. Car yards, on the other hand, are in the business of selling cars, and opting for dealer finance can see you paying more for your vehicle through expensive charges, less room to negotiate on price and complex finance structures.

For clear, car loan advice and straightforward answers to any of your questions, your Mortgage Choice broker is the go-to expert.

6. Skip the car yard shuffle

Mortgage Choice offers a convenient door-to-door car buying service. Just tell us the make and model you’re looking for and we’ll find you a great price from our national network of dealers. We’ll even help with the trade-in of your old car, and deliver your new car straight to your door.

Start driving sooner. Call your Mortgage Choice broker today to organise a car loan.

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