Human Broker or AI ebroker - It's your choice
A car loan broker will spend around 10 minutes talking to you about your current financial position to determine your elgability for a car loan.
Once the broker determines you can get approval they will ask you specific questions about your emplyement status and what current loans you are paying off. The broker will also ask specific question about the car.
The ebroker system will prompt you to supply all the supporting documentation required to support the information you provided to the Broker or the AI ebroker
This documentation is then used to complete the final car loan application which goes to the lender offering the lowest repayments.
You will then get notified when the loan is approved and the loan agreement will get sent to you by the lender.
A car loan is generaly between 1 year and 7 years long, paid in monthly instalments.
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