Using a Truck Finance Broker

When it’s time to source truck finance, you just know it’s going to be a time-consuming and sometimes infuriating process and you’ll likely have to be ‘off the road’ for hours or knock back work to allow time to do it properly.

So in very direct terms –

  • Do you really have the time to chase around for finance quotes or would you rather be working and earning?
  • Do you really have the patience to wait for endless call backs from banks and lenders?
  • Do you really have the financial know-how to fully understand the terms and conditions of a truck finance contract?
  • Do you really have the negotiating skills and any bargaining power to go one-on-one with a bank executive to get a better truck loan deal?

Most people can’t honestly tick YES to any of the above which is why smart truck owners turn to a professional and use the services of a truck finance broker to source their truck finance.

Key Points

  • Good finance brokers are independent operators, not aligned with any bank or lender but accredited with many.
  • They have a wide field of options to source you the cheapest and best truck loan.
  • Brokers that specialise in truck finance have industry-only contacts so they know who will offer you the best deal on your truck finance.
  • Lenders that understand the truck sector will usually offer better deals than say a generic bank.
  • Brokers have contacts with these specialists and many are lenders that you will not be able to access directly.
  • Brokers can quickly assess quotes from multiple lenders without it impacting negatively on your credit profiles.
  • Your broker works for you and in your best interests. Not in the best interests of shareholders, dividends and sales targets.
  • If you specifically want your bank to finance your truck, your broker will handle that for you, no problem.
  • It’s their job! You keep working at your job while your broker does their job – sourcing you a great truck loan. Win-win!
  • They are negotiating with lenders every day and because they write so much business with certain lenders, they do have the bargaining power to push for a better deal for you.
  • Saves you time, hassle and a lot of running around. They’ll even assist with the paperwork.
  • Brokers can arrange all types of truck finance and will explain the terms, conditions and wording in plain speak.

We know people that work in truck finance broking area and we can pass on their contact details to you. Just get in touch with us for further information.