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The Advantages of In-House Financing at Car Dealerships.

Auto City

For those interested in car shopping, few realize the number of benefits available when choosing to purchase a new or pre-owned vehicle with in-house financing through the dealership. It often means a short cut to owning the vehicle and driving it off the lot days sooner than can be expected when going through the bank.

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Can I Afford to Buy a Used Car? Here’s How to Find Out

Car Examer

Common Financing Options: Bank or Credit Union Loan : These typically offer lower interest rates, especially if you have a good credit score. Dealer Financing : Convenient, and some dealerships may offer promotional rates, but always compare with bank offers. Plus, it’ll give you a cushion for any unexpected repairs that might come up.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Instead of paying the full price of the car all at once, you borrow money from a lender like a bank or credit union, and then you pay that money back, typically each month, over a set period. Getting pre-approved by a Credit Union for an auto loan before you go to the dealership can also be a helpful step.

Finance 52