4 Benefits of Getting Car Financing at Your Chevy Dealer

Buying a car can be expensive. If you’re looking for ways to save money on your purchase, there are several things you can do. One of the best things to do is get car financing. Here are a few ways that getting financing from your Chevy dealer can help you.

4 Benefits of Getting Car Financing at Your Chevy Dealer

1. Afford a Better Car

There are certainly some advantages to paying for the entirety of your vehicle in cash. But you should be aware of the drawbacks as well. One of the major ones is that you might need to settle for a lower trim level since that’s all you’ll be able to afford.

It’s a different story when you get vehicle financing. You’ll find that you have much more flexibility in terms of what you can afford. That means that you’ll be able to purchase the trim you’ve been eyeing up rather than having to settle for less.

2. Boost Your Credit Score

Your credit score is an important element of your financial situation. It impacts your ability to get loans, mortgages, rental properties, and even some jobs. This is why it’s so important to keep your credit score high.

If you have a low credit score and you’re looking for a way to build it up, you should consider getting financing for your vehicle. When you get financing and pay off your loan on time, you’ll boost your score and set yourself up for future financial success.

3. Get the Best Rates

There are several different lenders you can consider getting your car loan from, but you should do your research before you make any final decisions. Ask for quotes from different lenders to see what exactly they can offer you. Of course, you can’t go wrong when you get your loan from your dealership.

Dealers want to make sure that they keep your business, which means they’ll be as competitive as possible with other lenders. They’ll want to offer you the best rates possible so that every aspect of your experience with them is the best it can be.

4. Build Your Savings

Another of the biggest downsides of paying for a vehicle in cash is that you are going to have to spend a big chunk of your savings on your car. That’s money that you could spend on other purchases, or save in case of emergencies.

When you get financing, you won’t need to worry about blowing so much of your savings all at once. You’ll just need to put down a percentage of the car’s total cost as your down payment. Just be aware that while there is certainly flexibility in terms of how much you can put down, you should aim to put down at least 20%.

Buying a car is exciting, but it’s also an expensive venture. It’s important to make sure that you’re making the right financial decisions when you shop for your vehicle. To learn more about our financing options, visit us at Bacon Chevrolet.

Posted in Uncategorized | No Comments »