Why is it important?
Did you know 47% of people buy a new car within 12 months of a property purchase?
Did you know the average consumer turns over their car every 4 to 5 years?
Writing car loans enables you to service your client's financial needs outside of their mortgage, which helps place you as the all round 'go to' for finance. If you’ve recently completed a mortgage transaction, it’s likely you’ll have more than enough documentation to submit a car loan straight away.
You’ll also see when they may look to replace their vehicle, and include car purchases as part of the natural conversation when you're conducting a client review.