Car financing can be stressful, especially if you have less-than-perfect credit. You may be surprised that a dealership can offer buyers of all credit types a number of advantages when it comes to finance terms. Take a look at some good reasons to finance your next vehicle at a car dealer in Elmwood Park.
Convenience
A car dealership acts as a one-stop shop when it comes to financing. You can buy your vehicle there and then simply step into the finance representative’s office to settle on the terms and seal the deal. There’s no need for faxing paperwork and visiting multiple locations to get the job done.
Flexible Terms
Dealer financing can offer more flexible terms than a traditional bank. For example, they may be able to add additional time to your loan, making your monthly payments more affordable. It’s also possible you won’t be required to put as much down at the car dealer due to the ability to tack it onto the loan amount.
Higher Loan-to-Value Ratio
If you’re upside down in your current vehicle loan but need to get out from under it, a dealership might be able to help you do just that with what’s called an advanced loan-to-value ratio. What this means is that your total loan amount can total more than the value of the car, helping you to get into the car you need.
Keep these benefits in mind when it comes to financing your next vehicle at a car dealership in Elmwood Park.
Visit Hawk Chrysler Dodge Jeep Ram for more information.
