The newest fintech on the block getting Australian’s better car loans
CarClarity is a new fintech business that’s revolutionising the way Australian’s search for car financing. Smart technology empowers a detailed comparison platform to match borrowers with the most suitable loans.
Previously, in order to get a car loan outside of dealer finance, Australian’s needed to apply with multiple lenders directly. If the consumer applied and didn’t qualify for any of these direct lender loans, their credit score would be negatively impacted, affecting their overall lending capacity for subsequent financing. CarClarity has come along to solve this problem. Anyone who uses CarClarity needs to only fill out one application which then uses customer information to match with over 30 of Australia’s best lenders. This means customers are only paired up with a loan that suits their financial situation. CarClarity then takes care of negotiations and the entire application process 100% online and hassle free. It’s seen as a genius way to help Australians get the car financing they need
Powered By Smart Technology
CarClarity customers benefit from an intuitive and easy-to-use service. The website offers a detailed form for consumers to provide as much information as possible. Smart technology will then analyse all of this data and match the person with the best loan options. It’s all done based on the individual’s credit score, lending capacity, employment status, loan amount, and loan length. This ensures that each person has a loan they can handle. After one application, an individual can be matched to well over 30 of the top lenders in the market.
Hassle-Free Lending
A big issue in the car loans industry is that most consumers don’t understand how to negotiate. As a result, many people end up with big loans that are challenging to pay off and come with the worst interest rates. This is something CarClarity wants to change. As well as offering a unique comparison matrix, the company also employs trained brokers. These brokers will directly negotiate with all the lenders that an individual is matched up with. All of the paperwork is handled by the broker, and the best deal is found for the least amount of money.
No Credit Score Implications
Many customers struggle to find car loans as their credit score is too bad to qualify for them. Likewise, searching for loans can often damage a person’s credit score if they use the wrong site. Once more, CarClarity seeks to solve this particular issue. Searching for loans via the website will not impact credit scores negatively. Similarly, loans are found based on an individual’s credit score, so everyone has a chance of finding one.
