Coughlin Chevrolet Buick GMC of Circleville

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Oct 21, 2022

When it comes to buying a new car, financing is often a major consideration. While many people opt for traditional bank loans, others turn to their local dealerships to finance their new rides. But what are the advantages of a dealership over a bank when it comes to financing a new car? Here are three benefits of financing your new vehicle through your local GM Chevy dealer, or better yet, at Coughlin GM of Circleville.

An upclose image of a wallet with money inside and a red car in the background.

Convenience

One of the biggest benefits of financing a car at a dealership is the convenience it offers. Instead of driving back and forth multiple times from your home to the bank and then to the dealership, it’s often possible to walk into a dealership, find your dream car, and get the loan process started and finished in just a few hours. That’s because the financing process at a dealership is generally faster than a bank’s more time-consuming approach.

Special Offers and Incentives

Another benefit of financing your new car purchase or lease through a dealer is access to special offers and incentives. Dealers often have promotions and discounts available, such as low-interest rates, cash-back offers, or even no down payment options, which can help make your purchase more affordable. Additionally, dealers will usually have a range of car financing programs to choose from, giving you more flexibility when it comes to the type of loan that best meets your needs.

It also pays to ask your dealer about the offers and incentives that may fit your unique situation. For example, if you’re a college student or recent graduate, you may qualify for the GM College Appreciation program, which can save you hundreds of dollars on your purchase. Or, if you’re a member of the military, you may qualify for additional incentives through the GM Military Appreciation program.

Tailored Solutions

When you finance a car through a bank, you’re essentially getting a one-size-fits-all loan. However, when you work with a dealership, you have the opportunity to work with a financing specialist who can tailor a solution to your specific needs and budget. This can be especially helpful when it comes to leveraging the trade-in value of your current vehicle to reduce the amount you need to finance or if you have some other unique financial situation or credit history.

When it comes to financing a new car, getting a loan at your local dealership offers several advantages over traditional bank loans that can make your purchase even more affordable and appealing.  So if you’re in the market for a new car, be sure to check out our great selection of vehicles and explore your financing options at Coughlin GM of Circleville today. You may be surprised at just how easy and affordable it can be to get that car of your dreams!

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