cars, utes

Hansy Mannil Jul 10, 2023

You know it plays in your favour when looking for a house, so why should buying a new car, camper, boat or commercial equipment be any different! Whatever asset it is you’re looking to purchase, it’s important to ensure you’re in the best position you can be before you even begin the research stage. And finance pre-approval is one factor you should strongly consider.

There are a lot of solid reasons why it’s beneficial to have loan pre-approval sorted before you start shopping for your new asset - here are our top 5.

  1. It means you avoid the dealer’s financing discussions

When you’ve already got your finances arranged, you can let the dealer know early on in the negotiation process. This allows you to focus on the bottom-line price without having them try to incorporate their ‘good finance deals’ into the equation (which can easily convolute what you end up paying).

Finance approval in text

  1. You won’t spend above your means

Because you’ve already crunched the numbers and learned how much capacity you have to spend, you’ll have a firm figure to stick to — this will help throughout the process, all the way from doing research online through to visiting showrooms, and on to the negotiation stage.

  1. It’s a great bargaining chip

When you have pre-approved finance, you’re effectively a cash buyer. Dealerships will see you as a serious potential buyer (you’re serious enough to get finance pre-approval, right?), which may very well work in your favour when entering into negotiations. This could be in the form of added extras (window tinting, etc.), a better driveaway price or both.

  1. Removes unnecessary stress down the track

You know how much you can spend right off the bat and you’ve already been approved for the financing. That means you won’t have to worry about arranging anything later — you can focus on finding the right car/boat/camper/piece of commercial equipment at a price you can afford.

"Whatever asset it is you’re looking to purchase, it’s important to ensure you’re in the best position you can be before you even begin the research stage."

  1. You’re not locked into anything

If you find more suitable financing somewhere else, you’re free to go with the better deal. Remember that pre-approval doesn’t mean you’re locked in with that financial institution! We’ll make sure you have the best finance deal to suit your needs — chat with us today.

Get finance pre-approval now

Now you’ve got a few good reasons to secure finance pre-approval, why not get the ball rolling right now? Fill out some basic information in our free online finance quote tool and we’ll be in touch shortly to confirm a few details, then you’ll be pre-approved - it’s that easy!

Speak with us to find out more about finance pre-approval

If you’d like to know more about getting your finance pre-approved, we’re here to help. Feel free to give us a call on 1300 787 288 and one of the Stratton Finance team will be happy to answer any questions you may have. If you’d prefer, you can alternatively send us an email and we’ll be sure to respond shortly.


Looking for more information?

We've made it easy for you to find everything you need here.

EXCEPTIONAL, as good as Customer Service gets

I’ll keep this simple, if you want the BEST advice, the BEST service and the BEST product for your c... Product Review

Can't Recommend Highly Enough!!

Have purchased two vehicles through Stratton Finance and each time the service has been fantastic. S... Product Review

Stratton Finance A++

I've purchased 3 vehicles using Stratton and every time it has been hassle free. Not hidden nasties ... Product Review

Meet our partners

We partner with industry leaders to streamline the process, ensuring we get the keys in your hands more swiftly and efficiently.

Pepper Money








Thorn Group

Bank of Queensland


Get Capital



Capital Finance

Angle Finance


Metro Finance

Let's get started

Obligation free and no impact to credit score