What’s the best place to get auto financing? For most drivers in the Lexington and Shelby area, a bank or a dealership will be your choice. Both have their pros and cons, but we’re here to lay out the key differences. Let’s find out which is the right option for your wants and needs.
When doing your car loan shopping, you might consider a bank or a credit union. If you already have a bank that you do business with, this can be a convenient option. Here are some considerations:
If you have great credit and you love your current banking institution, a bank might be the best place to get a car loan for you. But if your credit is less than perfect, it might be difficult to get approved.
Most Ashland drivers find that a dealership is the best place to get auto financing for a number of reasons. Dealerships are much more flexible and able to work with a wider variety of customers. That means that securing affordable financing is just as accessible for someone with perfect credit as no credit at all. Here are some reasons why you should consider a dealership for your next loan:
If you have poor or no credit, you can also consider “in-house financing” dealerships that provide the loan themselves. While interest rates can be higher, it can be a good option for those who have problems getting approved elsewhere.
If you’re currently car loan shopping, we welcome you to visit Spitzer Kia Mansfield for expert financial assistance. Our team can help you find a fantastic loan or lease on your dream car. There’s a good reason that so many Mansfield customers call us the best place to get a car loan, so contact us today to find out how we can help you.
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