Few things are more exciting than driving a new vehicle home from the dealership. But after you've finished your test drives and negotiated a great deal, there's one final step you'll need to take care of before rolling off the lot in your new vehicle. You'll need to decide how you're going to pay for the purchase. There are many reasons why arranging car financing through your Ford dealer is the best approach. Let’s examine five benefits of getting financing through your Ford dealership. more 1. You Will Save Time Arranging financing at our dealership is a straightforward, easy process. You'll fill out a credit application that we'll take to the lenders we work with. We'll then bring the financing offers back to you so that you can select one. This process can be completed in less than an hour without leaving our dealership, and once you've settled on a financing offer, we can take care of the arrangements alongside your other paperwork. 2. You Will Get a Competitive Rate Because we'll shop your credit application around to lenders we have established relationships with, you can rest assured that you'll be offered a competitive rate. Sometimes we can also offer special promotional financing to buyers with excellent credit. This special financing, which is offered by Ford, may take the form of a zero percent interest rate or a cash rebate. These offers make the cost of borrowing money very low, saving you money. 3. You May Be Able to Get a Longer Term Stretching out your loan payments over a longer period typically lowers your monthly payment, making it friendlier to your monthly budget. If you're looking for a loan with a longer term or another custom option, we can work with you. 4. Your Bad Credit Won't Stand in the Way If you have a limited or poor credit history, you may have fewer options when it comes to arranging financing. But our dealership has experience working with borrowers of all types, and if you have poor credit, we can work with you. Financing your vehicle is also an excellent way of improving your credit. Borrowing money for your next vehicle and repaying your loan on time will likely increase your credit score, as well as your chances of qualifying for favorable interest rates in the future. 5. You Will Keep More Money on Hand When you're purchasing a vehicle, paying cash for it is also an option. But because that type of cash outlay reduces the funds you have on hand, it may make more sense to finance the vehicle and pay for it in easy monthly installments. When you're ready to finance your next vehicle, come see us at Auffenberg Ford North in O'Fallon, IL.
