If you’re not buying a car in cash, then getting car financing through your Ford dealer is most likely the best option for you. Although you could get your financing through an outside lender, there are many benefits to going straight to your dealer to get the funds for your new vehicle.
1. It’s Quick and Easy
Shopping around for a great loan from an outside lender takes up a lot of time. Applying for financing through your dealer takes minutes. All you have to do is fill in an application form online, and then the dealer will do the shopping around for you and send your application to multiple lenders.
2. It’s Great for Low-Interest Loans
If you’re buying a new vehicle rather than a used one, then you may get a lower interest rate from the dealer than you would from another lender. If you have excellent credit, then you may even qualify for any promotional offers the dealership is running at the time. Certain promotional offers allow drivers to get new vehicles with 0% interest or another very low interest rate.
3. It’s Perfect If You Don’t like Limits
Your choices of vehicles may be limited if you seek a loan through an outside lender. This is because a bank, for example, may have certain dealerships they work with, so you need to choose a car from one of those dealerships. However, not every dealership is like us; they may not have a vast number of cars you can choose from, limiting your choices.
You’re not limited if you get a loan directly from your dealer. You can focus on finding a car you love without worrying about whether or not that dealer is in the bank’s network, and then you can apply for financing at the dealership.
4. It’s an Excellent Option If You Have Poor Credit
Banks and credit unions tend to have strict criteria you have to meet before they lend to you, making it difficult for people with poor credit to get financing. Dealerships are more welcoming for everyone. The criteria you need to meet are less strict. People with poor credit often secure loans through dealerships.
5. It’s Easy to Get Answers
If you’re buying a used car and getting a loan from an outside lender, then you need to research each used vehicle’s eligibility requirements for getting a loan. When financing your dealer, that’s done for you. Dealerships are also very happy to answer questions and help you out with anything related to the car buying and financing process.
Visit Pohanka Ford of Salisbury in Salisbury, MD to discuss financing today. You can also apply for financing on our website before you come visit in person.
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