Securing car financing for your new Chevy doesn’t have to be a tedious and time-consuming process. Instead of going directly to the banks, get financing directly through your Chevy dealer. This option has numerous incentives you won’t find with traditional banks and third-party lenders.
1. Fast and Seamless Financing Process
Dealer financing allows you to handle the entire process under one roof. You don’t need to visit multiple banks or fill out multiple applications. The dealer’s finance team will handle all the paperwork for you. Dealerships have established relationships with a network of lenders where they can quickly submit your application.
Thanks to these existing relationships, you could get approval in just a matter of hours or within a couple of days. Since the lenders know they are competing for your business, they will offer you competitive interest rates. You can compare the rates and loan terms and settle on the best financing option for your needs.
2. Customizable Loan Terms
Unlike banks that offer rigid terms, dealers have flexible financing programs. You have control over choosing loan terms from 12 months up to 84 months, depending on your budget needs and goals. If you want to keep monthly payments low, opt for a longer-term loan. Alternatively, you can choose a shorter term to pay off your new Chevy faster.
You also have room to determine a down payment amount. If you have a trade-in vehicle, the dealer will offer trade-in assistance and use that value toward the down payment of your new Chevy.
3. Exclusive Discounts and Incentives
Dealers have direct partnerships with Chevrolet, giving you access to exclusive discounts and deals. These include 0% APR financing for the first 12 months, generous cashback offers, discounts, and more. These deals deliver huge savings compared to traditional bank financing. Your dealer may also offer service discounts and coupons to help you save money on car maintenance.
4. Financing Options for Poor Credit
If you have poor credit, dealership financing opens doors that banks slam shut. Dealers work with flexible lenders who are willing to finance buyers with credit challenges. If you don’t qualify for these programs, you can opt for in-house financing offered directly by the dealer. Both options give you the opportunity to build your credit back up and access better loan terms in the future.
5. Build an Ongoing Relationship
Getting financed through your dealer allows you to establish an ongoing relationship for all your vehicle needs. The dealer keeps your information on file to streamline maintenance, repairs, trade-ins, and future financing. When the time comes to upgrade your Chevy, you become a repeat customer, eligible for exclusive deals and loyalty discounts. Since you are already familiar with dealer financing, the process will be simpler and faster for future purchases.
Buying and financing your new Chevy at the dealership is simple and cost-saving. Don’t leave money on the table or endure rigid application requirements from banks. Visit Sapaugh Chevrolet Buick GMC in Herculaneum, MO to discuss vehicle financing with our team.
