3 Benefits of Getting Car Financing From Your Chevy Dealership

Securing car financing can be tough, as you often have to shop around different banks and credit unions to find loan terms that work for you. However, financing through your Chevy dealership can take away some of the stress associated with finding a loan to buy your new car.

1. It’s Great for People with All Kinds of Credit

Banks typically only offer financing to people whose credit is in really good shape. If your credit isn’t in the best shape, then interest rates may be extremely high, and you might not be able to get financing through a bank or credit union at all. However, car dealerships often offer financing to people with poor credit, so you’re not out of options if the banks and credit unions have refused your request for financing.

Meanwhile, people with excellent credit can also benefit from getting financing through the dealer. If your credit is in the best possible shape, then you may be able to get financing with extremely low interest rates—sometimes as low as 0% APR. This is especially true when the dealership is running a promotion on a new vehicle, offering 0% interest if you buy it.

2. It’s Amazingly Convenient

As we said earlier, you’ll often have to shop around different banks and credit unions before one offers you a loan that works for you. Going to the dealer gets rid of that shopping around, as your dealer applies to different lenders on your behalf. The applications are generally sent out all on the same day, and sometimes you’ll hear back from more than one lender within a couple of hours. Once you accept an offer, you can drive off in your new car ASAP.

You can also trade in your old car at the dealership, which adds further convenience to the entire transaction. It’s basically a one-stop solution for getting your old car off your hands, choosing a new car, and getting financing. Often, all of that can be done in one day.

3. It’s Fantastic If You Need Extended Loan Terms

Dealerships can sometimes offer you extended loan terms that you typically won’t find at a bank or credit union. For example, you may be able to pay off your car over 72 months with a dealer, but most banks and credit unions require you to pay off your loan over a shorter timeframe. Longer-term loans are better for people who’d like their monthly payments to be lower, as it can be easier to fit lower car payments into your budget.

We’d love to help you secure financing for a new Chevrolet, so come by Patterson Chevrolet in Kilgore, TX for a chat. We have the latest Chevrolet vehicles and used cars for you to choose from, and you may even drive off in your new car just a few hours after applying for financing through us.

Tags: auto financing, chevrolet car financing
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