The partnership will see Compare Club integrate CarClarity’s loan options from 30+ lenders, enabling consumers to find the best car financing deal within 60 seconds. On average, Australians save up to 2.46 per cent on their interest rate when financing through CarClarity, resulting in an average saving of up to AU$2,460* over the life of the loan.
Compare Club CEO, Lance Goodman said the partnership is an important point of difference for the personal finance marketplace.
“Car loan financing has long been an industry ripe for disruption, and we’re excited to partner with CarClarity to help buyers get a better deal when they purchase a new or used car,” said Goodman.
“We’re also excited to be one of the first comparison sites to offer this feature and expand our products to further our mission of helping Australians navigate the complicated world of financial decisions and save money on their biggest household expenses.”
Traditionally, the process of buying a car has seen consumers select the only financing available at the point of purchase. However, consumer habits have shifted to embrace online shopping. Shoppers value having all the options available to them to make the most informed decisions, while avoiding high pressure sales environments.
Compare Club’s new integration with CarClarity is showcasing how this can be done for car loan financing in an accessible, intuitive way that enables consumers to receive and select the best options.
Using the platform, consumers will be able to secure pre-approved financing for their purchase in as little as 24 hours, ensuring they don’t spend more than they can handle and allowing them to shop safely with the best loan product suited for their situation. To date, CarClarity has seen approval rates of over 90 per cent and has been rated 4.9 stars on Trustpilot for its focus on customer results and transparency.
CarClarity Founder and CEO, Zaheer Jappie said “Purchasing a vehicle is one of the biggest decisions many will make alongside purchasing a home. Shoppers want to feel confident they can find the best loan and repayment options in their price range. We couldn’t ask for a better partner than Compare Club to continue our mission of making the full car financing process easier, clearer and more transparent for Australians.”
The partnership sees Compare Club expand its existing verticals of Health Insurance, Life Insurance, Home Loans, and Energy and further its mission of helping Australians save money in all facets of their lives.