Buying a car is an incredibly exciting prospect, but it’s also a large investment. If you can’t use cash, don’t worry. There are other options to consider, including getting car financing through the BMW dealer, which can be incredibly beneficial.
6 Benefits of Getting Car Financing at Your BMW Dealer
1. You Have More Lender Options to Choose From
One of the most common reasons why you might want to work with a dealership to get a car loan is because they have several different lenders they can ask for money. With so many lenders at their disposal, you have higher chances of getting a good deal.
2. You Don’t Have to Have the Best Credit
When you get financing through the dealership, because they have so many lenders to choose from, you aren’t expected to have the best credit in the world. Working with a dealership can be incredibly beneficial if you’re a new buyer or you’re trying to rebuild your credit—or if you’re just someone who needs a new car.
3. You Get Service and Convenience
Finding the best loan is a must. Trying to find a good loan on your own will take time and effort. You’ll have to contact different financial institutions, and each one will make you fill out an application.
If you get financing through the dealership, it’s more convenient (and beneficial) because all you have to fill out is one application to be considered by several different lenders, and that will save you a lot of time and effort.
4. You Have the Option of Getting a Longer Loan Term
Having a lot of loan options is beneficial, but being able to decide how long you want your loan term to be is beneficial. Getting a 72-month loan term can make a new vehicle more affordable.
5. You Might be Able to Get Promotional Financing
One of the things that sets dealership financing apart is promotional financing. Typically, the most common incentive is 0% financing, but it’s also possible to get bonus cash or even cash back. This is a benefit you probably won’t find anywhere else, and it can make buying a new car a cost-effective prospect.
6. Your Trade-In Can Lower Your Monthly Payments
If you need to get rid of your old vehicle, then trading it in can be beneficial. Not only will you get rid of it, but the value can also be applied to your loan and lower your monthly payments.
You don’t have to have or use cash to buy a new vehicle. That’s why financing is available. If you’re ready to buy a new vehicle that will make your life luxurious, visit BMW of Bloomfield Hills today!
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