Buying a new vehicle is exciting, but it’s important to determine how you’ll pay for it. There are many ways to get a loan, such as through a bank or private lender, but car financing through your Nissan dealer might be the best solution. The advantages of doing so might make it worthwhile to ask about when browsing.
7 Advantages of Getting Car Financing From Your Nissan Dealer
1. Convenience
Financing through a dealership is highly convenient. The finance manager will submit your application to multiple lenders simultaneously, finding you the best deal possible. You can also finish everything on the first visit, such as the trade evaluation, test drive, loan approval, and paperwork completion. Ultimately, you’re driving home your new vehicle within hours instead of weeks.
2. More Incentives
New cars often come with various incentives, such as cash back, customer loyalty points/money, and lower APR rates. You may also receive discounts or rebates, though these change periodically. If you want a new vehicle, it’s wise to consider financing through the dealership.
3. Tax Advantages
You might think it’s better to sell your vehicle privately, but it’s often wise to trade your current model in at the dealership. You’ll typically save money on the sales tax. The amount you pay for the new car versus the trade-in is offered back to you as a sales tax credit.
4. Personalized Deals
Dealerships tend to offer more personalized deals than banks and credit unions, so you can see lower monthly payments and longer loan terms. It’s always wise to check in-house financing options and see if it’s possible to negotiate for better features.
5. Ideal for Poor Credit
Do you have bad credit? Dealership financing could be the best solution. Typically, dealerships work with multiple lenders, so they can find someone who will work with you, even if you have issues with your credit history. Having access to special financing departments is ideal if your credit scores need some work.
6. Faster Approval Times
Many times, lenders have multiple applicants to consider each day, so you might have to wait longer to get approved. However, the dealership’s approval process is often faster.
7. Expert Guidance and Knowledge
The financing specialists at a dealership focus on making your life easier. Since they fully understand loans and how they work, they’ll guide you through the approval process. They also want you to be happy with your purchase to get referrals from your family and friends. Therefore, they work within your budget and ensure your needs are met.
If you’re like most people, you don’t have enough cash on hand to purchase a new vehicle. Financing is important, and your dealership might offer better repayment terms and approve you faster. Visit Granite Automotive in Rapid City, SD, to fill out your finance application today.
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