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Why Should You Get Car Financing Through a Dealership?

Now that you have a better understanding of auto financing, you may be wondering if you should apply with a car loan with a traditional lender or a dealership. Besides being the most convenient way to purchase a vehicle, dealership financing offers many other benefits over a car loan from a bank. The following are a few reasons why you should get financing through a dealership:

  • Easy approval: Banks are known for their stringent lending requirements. If your credit rating is less than stellar, you have to be prepared to face rejection if you apply for an auto loan with a bank. In contrast, a dealership can help you get approved for a loan even with bad credit. With their large lending network, they can connect you with loan providers that have more relaxed lending standards, such as smaller credit unions or alternative lenders.

  • More options: If you apply for car financing with a direct lender such as a bank or credit union, you'll likely have only one or two loan packages to choose from. Due to the lack of options, you may have to settle for less-than-ideal loan terms. A dealership has access to a wide array of auto financing solutions from many lenders, and they can find you a loan that meets all your needs and expectations. 

  • Quick and easy process: Dealership financing is a more streamlined process than getting a bank loan. You won't have to worry about paperwork because the dealer's finance representatives will handle everything on your behalf. In most cases, you can get approval for your loan and drive away in your chosen car within a matter of hours. 

  • Promotional offers: One of the main advantages of financing a car through a dealership is that you may be able to take advantage of financing specials. Some dealerships offer various financing specials on selected models throughout the year, including discount financing and even zero-percent financing. If you qualify for one of these special offers, you can substantially reduce the cost of your vehicle purchase. 

Visit Our Finance Center in Lewisville, TX

Our dealership has established good relationships with many auto loan providers in North Texas, including banks, credit unions, and third-party lenders. Therefore, we're able to offer a large variety of financing options to cater to the budgets and lifestyles of every car buyer. So whether you need a bad or no credit car loan or a more complex financing solution, such as refinancing or debt consolidation, we've got you covered. Besides high-quality vehicles and flexible auto loans, we regularly offer new and used vehicle specials that can lead to awesome savings. Make sure you check out these special offers before you start browsing our inventory.
The highly qualified and experienced finance team at Huffines Chevrolet Lewisville is committed to helping you drive home your dream car with complete financial peace of mind. Feel free to contact us if you have any inquiries.