How Dealerships Help Your Finance A Vehicle

Car dealerships can do much more than sell you a car. They can help you pay for the car with a loan. You may not realize that some dealerships have this sort of power, but many work with financial institutions to better help you pay for your vehicle. The items below show you how the dealership can help you pay for your car. Each one is unique, and you need to pick a method that best fits your financial situation. Ask for details at

Loans Through The Dealer
Many car dealers have agreements with banks to offer car loans. The loan department for the dealership forwards your information to the bank, and the bank helps approve the loan. The car dealership gets to offer you special terms or rates, and you get to have your loan approved through a large bank. The loan is secure, but you are getting personal service from the dealer.

Financing Through The Manufacturer
Every dealer has access to the financing program from their manufacturer. The dealer forwards your information to the manufacturer for approval, and you finance your vehicle through the company that made it. This helps you get special deals that come just from the manufacturer. You may get a good interest rate, but you will also get deals that only the manufacturer can offer.

Cash Discounts
Car dealerships have freedom to price their cars as they like. You may have just enough cash to pay for most of a car. However, you may not have enough cash to cover the tax, tag and title. When you are paying cash for your car, you can ask for a cash price for the vehicle. The discount you get from the dealer is going to make the car affordable for one cash payment. You will drive off the lot with your car, and it will already be paid off.

Accepting Your Financing
Your dealer should accept the financing you walk through the door with. Many people prefer to be approved for financing and bring a letter of approval to the dealership. The finance department can verify the financing, get their payment for the car and send you off with the car. A dealer that does not accept your own financing is not worth your purchase.

Every dealer gives you special ways to pay for your car, but you must make sure that you are looking for the right program. Some people need to pay cash, and some people prefer to get a loan when they get to the dealership.