The most common purchase is to choose a new or used car from a dealership.
It is possible to negotiate the options of the vehicle quite easily according to one’s wishes and expectations. Car loan at a dealership is a very popular solution to make this dream a reality.
What are the advantages? Why go to a car dealership rather than a bank or even a credit agency?
What are the disadvantages of auto credit at a dealership? What are the pitfalls to avoid and how do you know if the organization that will fund you is serious?
Bad credit car dealership near me no money down: Click to learn more
The simplest solution is to take out a car loan for bad credit at a dealership. In addition to concluding a contract for the purchase of the vehicle, one subscribes to a loan to finance it.
It is no longer necessary to take other steps. As soon as the customer finds at a dealer the vehicle of his choice, the latter offers him to subscribe automatically to a credit.
This is the best time to start trading. This process is quite common among dealers. You are in a strong position and the dealer will be forced to negotiate with you at the risk of losing a customer.
The proposed rates are quite competitive and the credits are easier to obtain. They are also obtained at the point of sale of the car. In order to realize his sale, the salesman has in his pay a rather impressive service as well as strong commercial arguments.
The dealer has every interest in selling his cars with the requested credit in order to retain customers and significantly improve its turnover.
The proposed interest rate is quite profitable for the customer. It is possible to benefit from a discount of 5% on the manufacturer price when the model is new. Older models can be reduced by up to 20%. Such a purchase at the dealership is an opportunity to have an interesting discount.
Subscribe a car loan in concession, a rather advantageous alternative
Buying a car loan in the concession is an interesting solution for any future buyer who wants to find financing elsewhere than at a financial entity or a bank.
The first advantage is its practical side. You no longer have to move to a bank to be able to convince an advisor to have the requested funding.
The purchase and the request for credit are made at the same time, in the same place and with the same interlocutor. This simplifies the procedure and saves more time. The car loan in the concession is a pretty solid selling point.
The commercial of the dealership is looking to sell and grant you this loan is a perfect way to sell.
Auto credit at a dealership, a real opportunity?
Before you decide, it is advisable to be more attentive and to carefully compare the proposal with other alternatives. In this environment, the rates that are officially communicated are not always those offered to customers.
These are rates that correspond to very specific profiles. Caution is therefore recommended. The commercials are unscrupulous. They seldom check what a bank would do.
The repayment capabilities are not studied thoroughly and the client may end up with considerable debts. We must be wary of prices by comparing prices at the time of order and simulations of auto credit on our site to make a more sensible choice.
The different financing proposals
Apart from conventional car loans, the dealer can offer two types of offers. This is the car pack and the ballooning credit.
The car park is a formula composed of several services namely auto credit, extended warranty, insurance, maintenance, and assistance. This solution is called all-in-one. Balloon credit is an offer to put the vehicle at the disposal of the customer for a specified period of time with a well-defined purchase price to buy the car at the end of the commitment.
During this contract, only accrued interest is paid periodically. Upon the arrival of the term, the buyer has the opportunity to permanently purchase the vehicle at the price fixed in advance or to sell the car to fully repay the credit.