Is it time for a new vehicle?

We offer expertise in loans for all types of vehicles, assisting clients in obtaining financing for their automotive purchases for both business and personal use.

Anyone buying a motor vehicle is best advised to use a broker rather than a motor vehicle dealership.

When you are purchasing a new or late model vehicle from a motor vehicle dealer and you need a loan to complete the deal, the dealership will be keen to sign you up to their own finance plan. Beware! Car dealerships can make as much money when they finance your vehicle as they do when they sell you the vehicle, sometimes more!

Car dealerships have operated under an exemption from following the National Consumer Credit Protection (NCCP) Act 2009 when offering finance to their customers. The NCCP Act is there to protect consumers when it comes to obtaining credit, and dealerships operate under a loophole known as the Point of Sale (POS) exemption.

Under a car dealer’s POS exemption to the consumer credit protection laws, dealerships are not required to perform the same checks and balances or meet the same disclosure requirements as the rest of those to whom the NCCP Act applies. When going through the finance documentation it is easy to get caught up in the excitement of receiving your new car, increasing the chance you’ll miss detail in the contract, or fail to ask questions where there is something you may not understand.

In contrast, when you see a brokerage for your car finance, you fall under the protection of the NCCP legislation. We can help you avoid making a costly mistake when you buy a car.

If you are thinking about upgrading your car, talk to Savvy Finance first to get the most competitive deal on a vehicle loan.