Are you looking for a new vehicle? You might also be wondering whether you should get financing from your local dealer. There are plenty of ways financing can help you. Here’s why you’ll want to consider getting car financing from your Chevy dealership.
1. Grow Your Savings Account
Looking at your savings account, you might see that you have enough to pay for your new car in cash. But is that necessarily a good idea? There may be other large purchases you need to think about, and a savings account is good to have in an emergency.
Getting financing from your dealer means that you won’t have to pay the entirety of your vehicle’s cost upfront. That means you’ll get to keep on growing your savings account instead of blowing it all on one big purchase.
2. Get the Car You Really Want
You may have enough cash saved up to pay for the entirety of the vehicle you’re considering. But the vehicle that you’ve got enough saved up for might not be the trim level or model that you actually want.
But you don’t need to be stuck with a model that you’re not in love with. When you get financing, you’ll get a lot of flexibility in your budget. Instead of having to go with the cheaper car that you like less, you’ll be able to afford the more expensive trim level that you’re going to adore driving for years to come.
3. Get Competitive Rates
You can get your financing from your bank or your dealership. Wondering which one is best? Banks don’t necessarily have the same drive or encouragement that dealerships do to offer the best available rates. So if you get financing from your bank, you may not be getting the best options.
You will be getting the best options when you decide to shop at your local dealership. They are deeply familiar with the market and know what good rates look like. They also have incentives to offer the best rates to their customers, so you’ll know you’re getting great options.
4. Build Your Credit Score
If you have a low credit score, then getting financing for your vehicle might be exactly what you need to help build it up. Making sure that you’ve got a healthy credit score ensures that you have access to things like credit cards and loans or mortgages.
A low credit score can impede your ability to get things like this. But when you get financing for your vehicle and pay your monthly payments on time, this can do a lot to help you build your score and improve your financial situation.
Getting a car is an exciting experience, but there’s no denying that it’s an expensive one too. You can help reduce your initial costs and ensure that you’re getting the vehicle you want when you get financing from your dealer. Visit us today at Stevinson Chevrolet to learn more.
