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Herbert Walter Oct 07 2010 08:44 AM
Car loans
Hello,

I\'m new in South Africa and looking to finance a car. I have had some offers from the big banks but I would like to know whether I can get a better offer from a loan broker. However, I cannot find any on the internet.

Are there no loan brokers in South Africa? Does anyone know where to find them?

I cannot believe that we are all totally reliant on the offers from the big banks.

I would be grateful for any kind of feedback.

Herbert
EthensGroom Feb 18 2011 01:29 AM
Hi Herbert

Welcome to South Africa. That\'s a good question you\'ve asked. I don\'t know the answer, but I just wanted to share with you that most of the people I know, including myself got financing from the bank. I suggest that you work with the salesman and dealership to get you financing as they usually have built up good relationships with the banks. And although they will charge you for arranging your finance, they can also get you  a better deal in terms of the interest you\'ll have to pay back.