Financing is an important aspect of buying a new car, and you want to be confident you’re getting the best deal. Before you hit the bank or credit union, consider the advantages of securing financing through the dealership. There are several unique benefits with the right approach, and you’ll find everything you need to know below.

Benefits of Financing With the Auto Dealership

1. Flexible Financing Deals

You’ll have a number of financing options to explore, and dealerships may offer some of the best for your new car depending on the time of year. They often provide attractive financing rates lower than banks or credit unions during the second half of the year because they want to clear their inventory for new models. These may also include fewer fees. Rates may vary, whereas with an outside lending partner, they’ll be more stable and primarily impacted by your credit score and current income. This variance can work in your favor.

2. Low Credit Loan Options

Poor credit or a short credit history can lead to a high-interest rate loan or a denial through traditional lenders. Many dealerships offer “buy here, pay here” packages for customers with a less-than-perfect credit score. You may also get a discount on the new car price for partnering with them. While you should still expect interest rates that reflect your credit history, they may be more flexible than traditional lenders.

3. Streamlining Communication

Managing finances can be tricky when you’re working through several institutions. It’s easier to stay on top of payments when everything is in one place, and that’s what you’ll get when you secure a loan through a dealership. You’ll know exactly who you’re working with and have a point person with whom to address both your loan and new car needs over the years. In-person service can also be helpful for better understanding your loan.

If you’re in the market for a new car, McGraw-Webb Chevrolet Inc. carries a variety of exciting options at their Camden, AL, lot. They make customer service a priority, and whether you’re looking for a truck, SUV, or used car, they’ll work closely with you to find something that fulfills all your needs. They also provide convenient financing options, and you can get preapproved on their website. Call (334) 682-4258 to speak with a sales associate today.