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The decision of how to finance a car doesn’t have to be stressful. Working with your local Ford dealer to find the perfect financing option can make the car buying process quick and straightforward. Once you know what to expect from the dealership financing department and the benefits of working with the dealership to purchase your car, you will be ready to select your new ride.
Five Reasons to Finance a Car Purchase at Jordan Ford
1. We’d Love For You to Leave Our Dealership With Your Dream Car
If you have limited or poor credit, or you have some other issues with your finances, you may worry that you may not qualify for an auto loan. The financing department at your local Ford dealer has seen all types of financial situations and is familiar with a variety of loan products from different lenders. They will work hard to find a lender who will approve your loan.
2. It Allows for One-Stop Shopping
There is typically a bit of back and forth when financing a car through a bank or credit union. When you choose to finance a vehicle through a dealership, you select the car you like and work with the on-site financing department. The financing department, with its network of established lenders, can often secure financing in the time it takes you to drink a cup of coffee.
3. You Gain Access to Great Manufacturer’s Deals
While dealer financing can be a great option for those with shaky credit, it is also an excellent choice for those with a strong credit score. Dealerships often have access to promotional financing deals, such as 0 percent APR, that are not available from traditional lenders.
4. You May Get a Competitive Advantage
Even if you have a bank you typically work with, don’t overlook the benefit of financing your car through the dealership. Bank auto loans do not typically have the same level of flexibility as dealership financing. In fact, you may find that the dealership is able to match, or even beat, the interest rate offered by your local lender.
5. There Is More Flexibility in Lending Options
Dealership financing often allows for longer loan terms than what is available through a bank. This can significantly lower your monthly payment, allowing you to afford a vehicle that would be out of reach if you were limited to a shorter loan term. Given how much time we spend driving, it makes sense to invest in a vehicle that you love to spend time in and that provides the safety and features you want.
Whether you are ready to buy or are just starting your search, stop by Jordan Ford in San Antonio today to discuss financing, take a test drive, or just see what we have on the lot.
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