New cars aren’t cheap. If you’re like most people, you probably won’t be able to pay cash or write a check for the whole purchase. That’s when getting car financing is in your best interest. With different loan options to choose from, you may be wondering which one is the best. There are benefits to getting a loan from your Chevy dealer.
4 Benefits of Getting Car Financing at Your GM/Chevy Dealer
1. Take Advantage of Dealer Incentives
One of the biggest benefits that comes with getting financing through a dealership is the fact that you can take advantage of dealer incentives. Depending on the type of vehicle you want and the time of year, there are numerous options you can qualify for. From low APRs (including potentially 0%) to cash back to cash allowances, there are offers that can make buying a new car even more affordable.
2. You Don’t Have to Have a Perfect Credit Score
If you’re thinking about getting a vehicle loan from a bank or credit union, to get the best rates and loan terms, you often need stellar credit. There are many different reasons why your credit score may not be perfect, but that shouldn’t hold you back from getting the car of your dreams.
When you work with a dealership to finance a vehicle purchase, they are a bit more forgiving when it comes to your credit score. You may still qualify for a loan to buy a new car even if your credit isn’t perfect.
3. You’ll Save Yourself Time
Not only can you have less-than-stellar credit when you finance through a dealership, but you’ll also save yourself some time. When applying for loans from banks and credit unions, you have to fill out applications at each establishment. When working with a dealer, all you have to do is fill out one application.
Most dealerships work with several financial institutions, so after filling out one form, they’ll send that information out and get offers from a variety of different places. Instead of waiting for days, within a few hours, you’ll know if you’ve been approved for a loan.
4. You Can Get Longer Term Limits
How quickly you need to repay a loan will determine your monthly payments. The longer you can stretch out a loan term, the lower your payments will be. When you get a loan through a dealership, you can get terms that range from 36 to 72 months, which can help make that new car even more affordable.
There’s nothing wrong with needing a loan to buy a new car, but you want to make sure you’re getting it from the right place. If you’re ready to start shopping, visit Opequon Motors today!
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