Do You Ever Receive Commission from Lenders?
Yes, sometimes. We always take the minimum commission each lender permits — for some lenders that's zero, and for some it isn't. When it isn't, you'll see the exact dollar amount on each loan option before you decide anything. What we earn never affects what we recommend: the ranking can't see our commission, so the cheapest loan for you wins, even when it pays us less. Our fee is $699 flat either way, and there's no fee if your loan doesn't proceed.
Written by Rob Carlile, former senior executive at Australia's largest car finance broker.
Detailed Answer
Some lenders require a minimum commission on every loan they settle, regardless of who arranges it. Here's exactly how we handle it:
We Take the Minimum We always take the lowest commission each lender permits. For some lenders that's zero. For some it isn't.
You See It in Dollars Where a commission applies, you'll see the exact dollar amount on each loan option before you decide anything. Nothing is hidden.
It Never Affects Your Ranking What we earn never affects what we recommend. The ranking can't see our commission, so the cheapest loan for you wins, even when it pays us less.
Your Fee Is $699 Either Way Our fee is $699 flat, and there's no fee if your loan doesn't proceed.
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