Bank, dealer or broker — who gets you the best vehicle finance? Each has a place, but they’re not equal on rate, speed or flexibility.
Your bank
Your bank knows you, but it compares exactly one lender — itself — and its rate card. Approvals can take 5–10 business days, low-doc options are limited, and private or interstate purchases are often declined.
Dealer finance
Convenient at the point of sale, but the dealer is incentivised on the finance margin and usually compares one or two lenders. It’s rarely the cheapest option once you shop around.
A specialist broker
A broker compares a panel of 80+ banks and non-bank lenders on one application, negotiates between them, and handles low-doc, private, interstate and auction purchases the banks avoid — usually with a decision in 24–48 hours. For most operators, that’s where the sharpest rate and the least hassle come together.
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