Getting car financing at our Buick GMC dealership in Las Cruces, NM has many advantages over going to a bank, credit union, or another lender. For instance, it’s better for people with poor credit. It’s also a hugely convenient way to offload your old car, finance your new one, and pick a new ride that you love all in one trip.
1. It’s a Great Option Financially
It’s easier to get a loan at a dealership than it is at a bank or credit union when your credit isn’t in the best shape. This makes dealership financing a great option for people with low credit scores, as dealers present you with an option to get financing for your car when it’s difficult to get financing elsewhere.
There are financial incentives for people with excellent credit scores, so dealership financing caters to both ends of the credit score spectrum. If you have excellent credit, then you may be able to qualify for a 0% APR loan if the dealership is running a promotional offer at the time. Even if you can’t secure a 0% APR loan, you may qualify for one with a very low interest rate.
2. It’s Quick and Easy to Do Everything
There are several steps you need to take when you’re buying a new car. The steps include selling the old vehicle, picking out a new car, applying for financing, and picking up your new ride. You can do all of these in one day at a dealership. Dealerships allow you to trade in your own vehicle and use the value of your trade-in to lower the asking price of a new vehicle.
After trading in your car, you can look around and find the right car for your family. You can even take a few cars out for a test drive to help you decide which one you want. Once you’ve picked your new car, you can apply for financing, and it usually doesn’t take long to be approved. After signing a little paperwork, you can drive home in the new car you picked out.
3. It’s a Way to Ensure You Have No Limitations
When you secure a loan through a traditional lender, you may be limited to choosing a car from dealerships the lender has a pre-existing relationship with. There’s no guarantee you’ll find the car you want at any of those dealerships. Dealership financing allows you to pick out a dealership and a car first, with no limits. Once you’ve picked the car and found a dealer selling it, you can apply for financing.
Visit Sisbarro Buick GMC in Las Cruces, NM to talk to us about financing. We also have a form on our website you can use to apply for loan preapproval.
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