When looking for car financing, your main options are to find a lender on your own or go through your Hyundai dealer. There are many benefits to going to the dealer for financing, and we’d like to talk you through them so you can make the best choice for you.
4 Benefits of Getting Car Financing at Your Waipahu Hyundai Dealer
1. It’s More Convenient
When looking for a loan from a bank or another lender, you generally have to shop around. Not every lender is going to say yes, and you might have to compare and contrast different places regarding their interest rates, repayment terms, and other details.
If you go to your dealer instead, then you don’t have to deal with any of that. The dealer will take care of the process of shopping around and finding the best lender for you. This leads to a more convenient and less stressful experience.
2. It’s More Flexible
When looking for a lender by yourself, you generally must focus on dealerships within that lender’s network. However, when you want to finance through a dealership, you just need to pick the dealership, pick the vehicle, and then let the dealership do the work to find a lender.
You can end up getting the vehicle that you want without having to compromise based on which dealerships the lender will let you pick from.
3. It’s Better for People with Lower Credit Scores
People whose credit isn’t in the best shape may have a better chance of getting financing by going through a dealership. Dealerships specialize in working with people with poor credit, helping them find a loan regardless of their low credit score.
If you have poor credit, then your chances of getting a loan through a bank are significantly lower. It may take a long time before you find a lender willing to loan you the money to finance your car.
4. It’s More Likely That You’ll Get a Lower Interest Rate
Sometimes dealers allow qualified borrowers to get financing with low rates. Sometimes, that rate can be as low as 0%. If it’s not 0%, then it can still be significantly lower than the rate you’d get elsewhere. Shopping around different lenders can increase your chances of finding a loan with a low-interest rate, but it’s never guaranteed that you’ll find one. It’s always more likely that your dealer will run a promotion at some point.
Do you need financing to buy your next Hyundai? Come and talk to us at Tony Hyundai Waipio.
Connect with us
