Bank, credit union, online lender, or dealer? When it comes to getting car financing, the options can seem endless. However, many drivers will find that going to the Ford dealer for financing has the most benefits. It’s the best option for a wide range of people and is extremely convenient, too.
1. 0% APR Deals
Dealers sometimes run 0% APR deals for buyers with excellent credit. These promotions usually apply to specific vehicles, and if you qualify for one of these deals, then you can get financing with absolutely no interest. Even if there’s no 0% APR deal running, there may be other deals running where you can get financing with very low interest rates if you have an excellent credit score.
2. Low Credit Score Loans
Jumping to the opposite end of the spectrum, people with low credit scores often get approved for dealership financing despite being denied loans everywhere else. It’s typically much easier to get approved for a loan at a dealership, and there are also often more flexible loan terms that can benefit people with lower monthly budgets.
3. Online Preapproval
You don’t need to head out to a financial institution and fill out a bunch of paperwork to get preapproved for a loan: just apply for preapproval online from a dealer. We offer quick online preapproval. All you have to do is fill out a simple credit application and then wait to hear back. This saves time and is wonderfully convenient.
4. Fewer Limits
Traditional lenders sometimes limit your choices by requiring you to choose a car from a dealer within their network. If the dealers within that lender’s network don’t have the car you’ve been considering buying from your local dealer, then you have to start your search for the perfect car all over again.
If you come right to your local dealer and pick out a car that we definitely have on our lot, then you know you can get your hands on the car you want as long as it’s within your budget.
5. Mega Convenience
Being able to get preapproved online is already convenient in itself, but there’s more convenience where that came from. When you get financing through a dealer, you only have to make one trip to do everything that comes with buying a new car. You can bring your old car to the dealer and sell it, pick out your new car, sign your loan paperwork, and then head home all in one afternoon.
Come to Matthews Ford of Pryor to apply for financing, or get preapproved through our website. We also have a payment calculator you can use when figuring out your budget for buying a new car.
Connect with us
