Why do Modern Australians have a healthy obsession with brokers?
- Written by Stratton Finance
If you’re an Australian over 25, then the chances are that at some point in the very recent past you have used a broker to help you find the best rates or prices for a particular product or service. In fact, it’s safe to say that the vast majority of Australians are now sitting happily aboard the good ship ‘I used a broker for that.’ But what’s so great about them?
They save you time
Time is something many of us don’t really have a lot of to spare. Whether it’s a busy job or a family to take care of, whatever the reasons for your hectic lifestyle, the last thing you want to do is come home to spend hours on end calling mortgage lenders about loans or trawling through hotel website after hotel website looking for good deals.
Using a broker means that you have one call to make or one site to visit. As you can imagine, in an age where we look for convenience at all costs, this goes a long way to explaining why we’re flocking to brokers en masse. One phone call vs. twenty? There’s only ever going to be one winner there.
They could save you money
But all that convenience doesn’t actually have to come at a high cost. The fact is that brokers will often save you money by finding you affordable rates or prices for whatever it is you’re looking for.
Say you’re looking for a new car, a brokering service like Stratton Finance will contact a variety of lenders on your behalf and then come back to you with the results. The rates and payment terms the broker comes back with will often be better than the rates you yourself may have agreed with your bank and are almost guaranteed to be better than the rates a car dealer would offer you.
And this isn’t just true for car finance brokers. The same goes for mortgage brokers, insurance brokers, and even car buying brokers. The broker’s number one purpose is to find you a deal or package that you can afford and that might even have a few unexpected perks.
They save you hassle
Now you might assume that this is the same thing as saving time but no, it’s very different. Have you ever left a meeting with a loan officer at the bank wondering what exactly they were talking about? Balloon payments, loan terms and conditions, and that’s not even starting on the jargon they use.
Using a broker cuts out all of that stuff by removing you from the negotiating table. The broker does all the talking on your behalf and you can sit at home safe in the knowledge that you won’t be bamboozled by finance speak or make a decision without fully understanding the terms of the package. They’ll also arrange all the documents and tell you exactly what you have to do on your end. Saves you hassle? You better believe it.
Are we modern Australians obsessed with brokering services? We sure are but this obsession is a healthy one and as you can see, probably one of the most beneficial obsessions you can have.
As Australia's largest car finance broker, Stratton Finance know a thing or two about loans and finance. With over two decades of experience in the field they are one of the most trusted authorities in the industry.
