The honest answer - we don’t know! Latitude is the only car loan lender on our panel that hasn’t given us access to their lender pricing policies, which is why you won’t see Latitude when you get your personalised rate quotes.
The Driva team can still get you personalised quotes, and we may still recommend a Latitude Financial product after you’ve applied if they are your lowest repayment option, but because their pricing has not been built into the Driva platform you will not see them as an option at the time of your quote.
Learn: what other lenders look for when pricing your loan
Like all lenders, there are some fees associated with a Latitude car loan.
Don't forget that every lender charges fees and that these charges (including any money that lenders pay to Driva) are already built into the monthly repayment quoted.
We get paid by Latitude for every successful loan that settles. This payment generally includes two components:
As with all lender fees, these are not payable from you to Driva directly and are not required to be paid upfront. Instead, Latitude incorporates this payment into your total loan amount, which is paid off over the life of the loan.
All car loan brokers have access to the same interest rates, and Driva can match the rate you would receive from Latitude by going directly. This means that if you’ve spotted a lower rate for a Latitude financial somewhere else, it could be because you’re seeing a generic comparison rate (starting rates) that have not factored in the pricing criteria that is based on your personal situation and the vehicle you are buying, which can only be accessed via Latitude’s online portal.
If you still think our rates are higher than you’re seeing them elsewhere, we’re confident we’ll be able to beat it firstname.lastname@example.org.