4 Benefits of Getting Car Financing at Your Ford Dealer

1. It’s a Lot More Convenient

Getting financing at the same time and place as you purchase your vehicle just makes more sense. It saves you the time of traveling and/or phoning your bank branch and conveying information back and forth. All that extra time may even mean that you could lose out on your vehicle of choice. Your dealership is ready and willing to finance your vehicle and has the paperwork and information to get it all done fast and easily after you select your vehicle.

2. You’re More Likely To Get a Loan

Banks have a lot of guidelines and requirements around obtaining loans, and unless you have a great credit score, you may not meet them. Or even if you do meet their stringent terms, your bank may not be flexible on the interest rates, amount, or repayment terms, so you may be limited in the amount you can borrow and comfortably pay back.

Your car dealership is committed to getting you into the car you want to purchase. Therefore, their financing department is more likely to extend a loan amount with more manageable terms, even if your credit isn’t great.

3. You’ll Get a Better Deal

Unlike banks and large financial institutions that make their money off the interest on your loan, dealerships make their money by selling you a vehicle. This means that when it comes to negotiating interest rates and other payment terms, car dealerships are a lot more likely to be flexible so they can make the sale. Often this means they may not even require a down payment, and they’ll likely offer you very low interest rates.

4. You May Get a Better Vehicle

As we just mentioned, car dealerships make their money by selling you a vehicle, not on interest payments they receive. This means they may be willing to negotiate a higher loan amount or offer you more flexible repayment terms to help you purchase a larger or more expensive vehicle.

At Coughlin Ford of Circleville, we aim to provide you with the best car-buying experience possible. Our award-winning team is ready to assist you in your vehicle selection, obtaining the financing you need, and maintaining your vehicle for many years to come. Call or visit Coughlin Ford of Circleville today to view our vast inventory or ask any questions.

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