FAQ

The role of a finance broker is different from the services provided by a financial consultant. A consultant typically provides advice to clients on investments, superannuation and savings. A broker sources finance for clients.

No. A referral is not required to use the services of a motorcycle finance broker. Clients can contact brokers directly.

No. A finance broker is not a finance company. A finance broker provides an intermediary role between borrowers and finance companies. Brokers are accredited with finance companies and source loans for the clients from the loan portfolio offered by the finance company.

Brokers may offer financing for all types of motorcycles. These can include new and second-hand, LAMS approved, off-road, on-road, street, racing and touring models from leading manufacturers.

No. A request for a finance quote from a broker carries no obligation. The broker will source a quote or offer for the client to consider. Only when the offer is accepted and the appropriate documentation signed is the client committed to proceeding with the loan.

The types of loans arranged by a finance broker may depend on their specific operating market. Many brokers will offer a comprehensive portfolio of loans to finance many purchases and purposes. For motorcycles, a broker can arrange Secured Bike Loans, Unsecured Personal Loans, and commercial credit including Lease, Chattel Mortgage and Commercial Hire Purchase.

Many finance brokers arrange loans for both individuals and businesses. Some brokers may operate only in specific markets such as commercial or personal finance. Others will offer finance services to all borrowers.

A bike loan broker may obtain the best rate for a client through their large market coverage. Brokers have accreditation with many lenders. They use their contacts and resources to identify which lender is currently offering the best rates on the loan required. Brokers with leverage with lenders can use that leverage to negotiate a better rate for the client.

A motorcycle finance broker works directly with clients. Buyers seeking loans contact the broker and request they source finance for them. The broker obtains the necessary client details and sources the most suitable loan offer from the lenders with whom they have accreditation. The offer is presented to the client for consideration. If accepted, the broker processes the application and arranges settlement with the broker and seller.

A motorbike loan broker is a finance industry professional that provides services to source loans on behalf of borrowers. Brokers are not lenders. Brokers have accreditation with lenders. Accreditation is the approval of the lender for the broker to source loans for their customers from loans offered by the lender. Brokers match borrowers with lenders and handle all lender contact through to finance settlement.