For many drivers, financing your new lease or auto loan is the biggest hurdle to overcome when shopping for a new car. Fortunately, you can work with your local Chrysler, Dodge, Ram dealer to tailor a car financing plan that works for your budget.
1. Flexible Financing Plans
Your dealership offers much more flexibility for your loan terms than a third-party lender or a bank. It’s common for dealership auto loans and leases to last for 60 or more months, which can greatly reduce the cost of your monthly payments.
2. Competitive Interest Rates
Your local dealership works with local financial institutions or the financial branch of the vehicle manufacturer to offer highly competitive interest rates. It’s important to get a good interest rate on your auto loan, so your monthly payment makes an impact on your principal balance. Your dealership finance representative will do the heavy lifting to find the most competitive rates for your loan.
3. Faster Pre-Approval
When you apply for an auto loan at your local dealership, you will usually get pre-approval results in a few hours or days. Faster loan pre-approval can speed up your auto financing arrangements and help you understand your vehicle budget. Your dealership makes it easy to apply for loan pre-approval with a simple online form.
How Can You Get a Good Deal at Your Dealership?
One of the easiest ways to get a good deal on a new car at your dealership is to reduce the sales price of the vehicle you want to buy. One way you can do this is to save up for a larger down payment. When your down payment is larger, you will ultimately spend less on interest over the length of your lease or loan.
For some drivers, a savvy way to get a good deal is to leverage the value of your current vehicle. If you intend to replace your current car, then you can trade your car to your dealership, and use the value of that trade to offset the cost of your new vehicle. Depending on the value of your trade-in, this can replace or supplement your down payment.
Ask About Specials and Deals
Depending on the time of year, your dealership may be running manufacturer or dealership specials that can help you save significant money on your new vehicle purchase. It’s common to find specials on certain models at the end or beginning of the year since this is when new vehicles are arriving at the dealership.
Dealership financing is more convenient and affordable for many drivers, particularly when drivers use dealership specials and trade-in valuations as part of their negotiation strategy. Get in touch with Zeigler Chrysler Dodge Ram of Kalamazoo in Kalamazoo, MI to discuss your finance options today.
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