When you’re securing car financing, you always want to know that you’re getting it from the lender that’s best for you. Dealer financing has many benefits for a lot of people, from those with great credit scores to people with lower ones. Let’s go through some of the benefits of getting financing at your Chevy dealer in detail.
1. Great Credit, Great Deals
If you have an excellent credit score, then you may qualify for a 0% APR loan at your local dealership. Dealers sometimes run promotional offers where you can get financing with no interest. Even if your dealer doesn’t run a no-interest loan offer, you may find them running a promotional offer where you can get financing with very low interest. It’s people with great credit scores that typically qualify for offers like these.
2. Low Credit Score, No Problem
Having a low credit score can be a major problem at an institution like a bank or credit union. They typically have strict criteria you must meet to be eligible for a car loan. Dealerships don’t have such strict criteria, so they’re more willing to offer financing to people with lower credit scores.
3. One Application, Many Offers
If you want to get many offers and weigh your options when it comes to vehicle financing, you typically have to apply for financing at lots of different locations. This means traveling to different banks and credit unions, visiting different websites, and so on. With dealer financing, all you have to do is fill out one easy online application. The application will be sent to multiple lenders, saving you time and effort.
4. Many Choices, No Limits
If you pick a dealership yourself and apply for financing at the dealership, then there are no limits on which car you can buy. There’s a huge range of options, and the only thing limiting you is the budget you’ve decided to set for your purchase.
There are harsher limits at banks and credit unions, as these financial institutions often have pre-existing relationships with certain dealerships. This often means you can only shop from those dealerships, which can limit your options regarding which car you purchase.
5. One Trip, Many Tasks Done
There are lots of little tasks involved in buying a new car. You can get all of those tasks done in one trip to the dealer. Once you arrive at the dealer, you can pick out your new car, negotiate its price, and then trade in your old vehicle to get it off your hands. During the same trip, you can apply for financing, get approved, and then leave with your brand-new vehicle.
Come to Rio Vista Chevrolet in Buelton, CA to pick out your new car. Our online application for financing is quick and easy, and we’re happy to help you if you have any questions.
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