Trying to decide whether to pay outright, go through a bank/credit union, or check out financing options at your Mazda dealership? Of course, it’s something worth thinking through. While the first two may have some appeal, don’t overlook what your dealership can offer.
3 Reasons To Explore Financing Options at Your Mazda Dealership
1. Potential for More Savings
When shopping for an auto loan, you’ll likely be locked into the rate your bank or credit union offers, but that might not be the best deal. Since they set their terms, you’re limited to what they provide.
Your dealership, on the other hand, works with dozens of financial institutions, ranging from major national lenders to specialized auto financing companies to Mazda’s own financing arm. More options mean better rates and potential incentives that your bank can’t simply match, such as 0% APR offers and cashback deals. Already have a good rate? Bring it over to the dealership. We might just beat it or offer perks that make financing with us an even better deal.
2. More Options if You Have Bad Credit
If you have a poor or no credit score, getting approved for a loan through traditional channels can be challenging. But that does not mean you are out of options. Among the many lenders your dealerships work with, some specialize in helping buyers with less-than-perfect credit. They look beyond the numbers to help you secure a loan that fits your situation.
So, instead of hitting a dead end, you could be driving off in the car you need while improving your credit along the way.
3. Convenience
Financing through a dealership keeps the entire process simple and stress-free. No need to visit multiple banks, compare endless rates on your own, or juggle extra paperwork. There’s also no need to try to move your old car on your own. Many dealerships accept trade-ins, making it easy to apply your vehicle’s current value toward your next purchase. Plus, the process moves quickly. With lenders on hand and everything handled in one place, approvals can happen the same day.
Getting Pre-Qualified
Want to see your loan options without hurting your credit score? Dealerships offer pre-qualification, letting you check estimated monthly payments, APRs, and offer summaries with a soft credit pull, meaning your score stays untouched. Even better, you can get pre-qualified for both used and new cars, giving you more flexibility while you shop.
As you can see, dealership financing can be a smarter way to secure a loan. So, if you’re ready to make your next car happen, contact Auffenberg Mazda of O’fallon in Shiloh, IL. We’ve been helping drivers secure great financing deals, and we’re certain we can do the same for you.
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