Three Benefits of Getting Car Financing at Your GMC Dealer

If you have your heart set on a new 2023 GMC Terrain AT4, one of your main hurdles will be making financial arrangements for your new vehicle purchase. For most drivers, the choice to finance a vehicle through a bank, credit union, or dealership can be a tough one. However, car financing at a GMC dealer can be a money-smart move if you’re on a budget or in a unique financial situation. 

Three Benefits of Getting Car Financing at Your GMC Dealer

1. Application Convenience

First and foremost, securing an auto loan through your dealership is much more convenient than applying for an auto loan at a bank or credit union. Even applying for an auto loan at your own bank can be difficult, since banks typically have stricter requirements for direct personal loans of any type. Furthermore, when you are applying for loans by yourself, you also have the burden of comparing loan terms and interest rates. 

However, applying for an auto loan through your dealership means the dealership’s finance department will do all the hard work for you. All you need to do is submit your application with your financial information, and the finance experts at the dealership will find an auto loan with ideal terms and interest rates for your financial situation. 

Read more: Three Benefits of Getting Car Financing at Your GMC Dealer

2. Zero-Down Finance Terms

Some dealerships offer auto loans directly to customers, which means your monthly payments will be made to the dealership rather than a financial institution. When your loan comes from the dealership, this usually means that you get to enjoy unique perks in your loan terms. One of the most common perks is zero-down loans that allow you to purchase a new vehicle without a down payment and with reduced interest for several months. 

Along with zero-down loan offers, auto dealerships can also offer unique loan term limits. It’s common for dealerships to offer 60-month to 72-month loan terms, and sometimes these loans even have special arrangements that let you trade-in for a new vehicle at the end of your loan term. 

3. Easier Loan for Poor Credit

Finally, securing an auto loan through a car dealership is ideal for customers who have poor credit. Dealerships make allowances for people who have zero credit, poor credit history, or are recovering from bankruptcy. Because dealerships are more forgiving than traditional financial institutions, this means that virtually anyone can qualify for an auto loan. 

When it’s time to buy a new car, you will likely need to apply for an auto loan. Instead of applying for a loan at your bank, you can simplify the process by applying for an auto loan at your dealership. To learn more about auto loan finance terms, contact Mansfield GMC in Mansfield, OH today.

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