The majority of car buyers opt to pay for their cars using a car loan. Buyers have lots of choices when it comes to choosing their loan and most financing experts recommend getting pre-approved for a loan before starting the car shopping process.
However, even if you have already secured a loan through your bank, you still have another option: dealership financing. The benefits of dealership financing can actually save buyers hundreds or thousands of dollars over the life of the loan.
Dealership financing departments, like the one here at Quebedeaux Mitsubishi, have access to a wide network of lenders. This means we may be able to secure better loan terms than you were able to find yourself.
Another benefit is simply convenience. When you choose dealership financing, you can pick out your car, settle on the price, and sign all the paperwork in the same place. You won’t have to drive to a bank to complete the loan process.
Dealerships also have access to exclusive financing offers from the manufacturer. These offers can include things such as low or no interest, or a percentage of “cash back.” However, these offers are usually only available for buyers with excellent credit.
The next time you’re shopping for a car, be sure to see what financing the dealership can offer you.