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The most frequently asked questions about Finance Brokers

  • What services does automate offer?
    Automate offers: Vehicle and equipment finance, vehicle procurement, comprehensive insurance and cashflow funding.
  • Why should I use a broker vs going to my bank?
    A loan product refers to the various options offered by different lenders. The challenge for consumers is determining the best loan for their needs. A finance broker can help by researching and recommending loan options from multiple lenders, whereas going directly to a bank limits your options to their offerings.
  • What does a financial broker do?
    Automate listens to your needs and collaborate with you to identify the right loan or financing solution for your situation. We manage the entire process from application to settlement. Additionally, we offer several benefits, such as conducting research to find the most competitive options, accessing a broad range of loans and lenders, understanding the market and available products, providing greater flexibility and options, and having greater expertise in lending.
  • How can Automate benefit me?
    Cost, Assistance, Expertise, Guidance
  • How much will it cost me to use Automate?
    Automate doesn’t charge any fees. The bank pays brokers commission for bringing in new business, but this does not affect the service or rate you receive.
  • Is it possible for you to assist me even though I am not in your area/state?
    Yes. Automate works online with customers throughout Australia.
  • What lenders do you work with?
    Automate has access to 30+ lenders – this can be found on our homepage. We can help you obtain a loan from your preferred lender.
  • How long does a credit check take?
    Instantly, please contact us.
  • How can I improve my loan application?
    To improve your loan application, please provide us with your background and requirements so we can offer personalized guidance. Giving incorrect information upfront can negatively impact your application.
  • Which documents should I prepare to give to the lender?
    To apply for a loan, you'll need to provide some key information. The specific requirements may vary depending on the type of loan, but generally you'll need to share details about your employment history, salary, upfront cash (i.e. deposit), the value of the asset you want to finance, and your financial history (such as credit rating, debts, and expenses).
  • How long will it take for my loan to be approved?
    The length of your loan application may vary depending on the lender, as each has its own process. We can guide you on how long it should take based on the lender you choose. Additionally, the loan process can also be affected by the asset you are purchasing.
  • Can I get a loan if I want to buy a vehicle privately?
    Yes.
  • Where does Automate purchase its new or used vehicles?
    Having built a highly reputable name in the industry, Automate has a large platform and network of dealers, they can buy vehicles directly from wholesalers and dealers and then pass on the savings to you.
  • What is the estimated time for me to receive my car?
    The delivery time for a new vehicle depends on the market's available stock and can range from two to three days if in stock. The sourcing time for a used vehicle can vary and typically takes up to a week. Inter-state deliveries rely on transportation companies, and you can contact your broker for updates on your vehicle's progress.
  • Can cash flow funding help with my business?
    Business finance can be of great value to your business depending on your working capital needs. It can be secured or unsecured and can be tailored to meet the specific needs of your business. Whether you need to purchase inventory or employ staff, business finance products such as debtor funding, lines of credit, and commercial overdrafts can help fuel your business growth.
  • Are financial statements necessary for business loans?
    Yes, there are lenders who don't require extensive financial documentation like profit and loss statements and tax returns. Instead, they may accept bank statements and BAS as proof of income. However, these products may come with higher interest rates and may not be suitable for everyone. Automate can provide guidance on available options.
  • How long does the process take?
    After conducting the initial assessment and receiving your application, we aim to provide a loan decision within 5 working days or less, depending on the complexity and structure of the loan.
  • If my application is declined, cam I seek further clarification?
    Yes.
  • Who will hold my information about my business?
    The Privacy and Personal Information Protection Act 1998 (PPIP Act): Protects your privacy rights in NSW by making sure that your personal information is properly collected, stored, used, or released by NSW public sector agencies via the Information Protection Principles (IPPs) Loan Applications will be used only for the intended purpose.
  • What type of insurance can you help me with?
    Automate orders comprehensive car insurance.
  • What policy's do you cover?
    Lifetime new for old replacement. (Conditions Apply)
  • Can you insure younger drivers?
    We can insure any age car. (Conditions Apply)
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