Car financing is something that makes some people very nervous. The thought of whether or not they can get a loan for the amount they need or at an interest rate or monthly payment that works for their budget can cause stress indeed. Knowing where to start and who to go to for advice and guidance about auto loans is also confusing at times. In addition to banks and car dealerships, there seem to be no end to the number of companies that pop up online offer deals on automotive loans or other related financing that sometimes seem just a bit “too good to be true.” While a bit suspicious, these can be tempting, especially for the consumer that has had challenges with his or her credit history in the past. Car financing and slow credit should not, however impede you from considering the purchase of a new vehicle.
The best way to remain safe in your selection of auto loans is to work with a reputable and experience company. Your local bank can be a good source for sure but you should not discount your local car dealership. While a bank is well versed in handling financial transactions, they are not specialists in the world of automotive purchases, sales and financing the way that a car dealership is. Remember—automotive transactions and financing are the only things that a car dealer does so who better to help guide you through the process than the only real expert, someone who deals with these situations every day.
We have your best interest in mind and understand your needs to find a loan and car financing that works for your budget. A good dealer like us does not want to get you into a car loan that you cannot sustain as we realize that is not good for us in the long term any more than it is for you. We also know how to help look at your income and expenses and guide you as to what is a reasonable amount you should be looking at for a payment that you can actually manage.
The next time you are looking at car financing and may be worried about the credit process, talk to us your local dealer and get the right guidance that you need.