You urgently need a specific car. There isn’t enough money in your bank account, and you don’t know where to start. Car financing is your answer. And there’s no better place to go than to your local Chevy dealer.
1. Purchase Your Dream Car
Buying a vehicle with cash could mean that your options are limited due to the amount of money you have. You may require to settle for a car that doesn’t fully meet your demands. When you decide to purchase it from your dealership, you can obtain the exact model you want with the upgrade features you love. Outside lenders, however, may lock you into credit limits or increase loan rates depending on factors like the year, trim level, and fuel consumption.
2. Low Interest Rates
Dealerships often provide lower interest rates compared to banks and other third-party lenders. This is because they can access multiple lenders and are more aware of the best terms and payments for all models.
3. Faster Processing
If you take finance via a dealership, it’s possible to acquire financial approval and take your car home within one or two days. Since your financing dealership team works directly with lenders, they’ll negotiate on your behalf to ensure you get the best payment deals. You won’t have to look for the most suitable auto lender for several days.
4. Flexible Repayment Terms
Dealership auto loans are more flexible than banks or credit unions. For instance, your bank or outside lender may cap the number of months to extend your loan depending on aspects like loan amount or the car’s age. However, dealerships are less restrictive, giving payment periods of up to 60 months or more for qualified borrowers. This will make your monthly payments manageable.
5. You’ll Build Your Savings
When you pay for your car in cash, you’ll have to spend a huge amount from your savings. There may be other urgent purchases you need to make. When you get financing from your dealership, you won’t be required to pay the entire amount at once. You’ll still have some saved-up money, your desired vehicle, and time to complete the payment.
6. You’ll Build Your Credit
A dealership offers financing options to clients with different types of credit histories, including those who can’t get approval from banks or financial institutions. When you regularly pay on time, your credit rating improves, creating more opportunities for future loans.
You can finally get that fancy car you’ve been longing for. Whether you want a new or previously owned vehicle, there are many fantastic financing opportunities through your trusted dealer. To learn more about our financing options, visit us at Allen Tillery Auto.
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