Dec 31, 2022

Buying a new car can be equal parts exciting and stressful. If you’re worried about how you’re going to afford your next vehicle, you might want to consider getting Car Financing. Here are a few major benefits you can expect when you get a car loan from your Chevrolet dealer.

A close of picture of a person filing out a car loan application with a car key right above the form title.
Image obtained from Google

1. Get a Better Car

This is probably the most obvious reason to get financing from your dealer, but it’s one worth mentioning anyway. If you don’t get financing, you’ll need to pay for the entirety of the car upfront.

But with financing, you only put down a portion as your down payment and then pay off the rest over the length of your loan. This means that you can splurge a little more and buy a higher-end vehicle.

2. Flexible Down Payment Options

Certain lenders and certain types of loans will require that you put down a minimum percentage of the total cost of your purchase as your down payment. But if you need a car urgently, you may not have time to save up a minimum percentage.

Car dealers know this, which is exactly why they’ll offer you flexible down payment options to ensure that you can get the vehicle you need when you need it. Even if you can’t put down the recommended 20%, you’ll still be able to get a car.

3. Get Your Loan Easily

Certain types of loans can be really difficult to get. You may find yourself frustrated or feeling hopeless as you attempt to meet all the requirements of the loan you’re trying to get. But you won’t need to worry about this when you get a car loan.

That’s because financing is super easy to get. Regardless of your credit score or situation, you’ll most likely be able to get the loan you need. All you need to do is visit your dealer’s financing department, and they’ll help you choose the right options for you.

4. Improve Your Financial Situation

It might seem strange, but getting a car loan can actually seriously benefit your financial situation. When you get a car loan and make your monthly payments on time, you’ll also be improving your credit score.

You’ll also avoid having to take out a significant chunk of your savings, meaning that you can continue to grow them in case you need them for other major purchases later.

Buying a car is a big deal—and an expensive one. Luckily, you can help to ease the burden of your purchase by getting a car loan. Are you ready to learn more about how we can help you? Visit our financing department at Golf Mill Chevrolet.