4 Benefits of Getting Financing Through Your Local Dealer

1. It’s Financially Smart for Everyone

People with bad credit and people with excellent credit alike can both benefit from dealership financing. If your credit is poor, then it may be difficult to qualify for a loan elsewhere. Banks and other creditors often disqualify you for loans when your credit isn’t shiny. Dealers, on the other hand, regularly offer loans to people with poor credit, so you’re not out of luck when seeking financing for your next car.

The benefit for people with excellent credit comes when dealerships run special promotions. Sometimes you’ll find that your local dealership is offering 0% APR loans, or loans with very low interest rates, on certain car models. To qualify for these, you need to have fantastic credit. If you qualify, then the savings can be very significant.

2. It’s Incredibly Convenient

The convenience of getting a car through your dealer is unmatched, as you pretty much only need to make one trip. Dealerships offer a huge range of services, so you can do everything involved with buying a new car at the dealership.

Need to get your old car out of your hands? You can trade it in. Need to shop around to figure out what model you want to buy? There’s a huge range of cars at our dealership that you can look at. Need financing? You can apply online before you even come to the dealership.

3. It’s Quick

If you’re looking for a loan, it’s wise to get multiple offers. To get multiple offers while financing your bank or credit union, you have to fill out numerous online applications or even go to different bank/credit union branches in person to fill out a bunch of paperwork.

With the dealer, all of this is streamlined, as you fill out a single application that gets sent to multiple lenders. Plus, you typically hear back from dealers very quickly about whether or not you’ve been approved.

4. It’s Easy to Buy a Used Car

If you’re looking for a used vehicle, then getting a loan through a bank or credit union might not be so simple. Sometimes banks and credit unions require you to pick a car that’s under a certain age or hasn’t driven over a certain number of miles. However, when you finance through the dealership, then age and mileage are far less likely to prevent you from getting financing.

Visit Auffenberg Dealer Group in Shiloh, IL to talk about financing today. You can also apply for financing through our website.

Tags: Auto Loans, Car Loans, Credit, Financing, Loans
Posted in Auto Financing Shiloh, Financing, Research, Shiloh Dealer Group | No Comments »