When it comes to purchasing a new or late-model vehicle and securing a loan, it’s crucial to approach the dealership’s own finance plan with caution. It’s important to note that car dealerships can make significant profits from financing your vehicle, sometimes even more than from the sale itself.

Unlike other finance providers, car dealerships have traditionally operated under an exemption from the National Consumer Credit Protection (NCCP) Act 2009. Known as the Point of Sale (POS) exemption, this allows dealerships to bypass certain checks, balances, and disclosure requirements intended to protect consumers when obtaining credit.

Amidst the excitement of getting a new car, it’s easy to overlook the details in the finance documentation or fail to ask important questions. This can put consumers at risk of making costly mistakes or not fully understanding the terms and conditions of the contract.

On the other hand, choosing a brokerage like Titanium Financial for your car finance needs ensures that you fall under the protection of the NCCP legislation. We can guide you through the process, helping you avoid potentially expensive errors when purchasing a car.

When a dealership offers you finance options, they typically only present lenders they have available, limiting your access to more competitive products in the market. Due to the POS exemptions, dealerships can direct your finance to the lender who offers them the highest commission.

If you’re considering upgrading your car, it’s advisable to consult with Titanium Financial first to ensure you obtain the most competitive deal on a vehicle loan. We can provide you with a range of options from various lenders, enabling you to make an informed decision that best suits your needs and financial circumstances.

Don’t let the excitement of buying a car blind you to the potential pitfalls of dealership finance. Trust Titanium Financial to provide you with expert guidance, protection under the NCCP legislation, and access to a wide range of competitive loan options. Contact us today to secure the best car finance deal for your needs.

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