Car Loan Shopping
When you’re car-loan shopping, you have two primary options: a dealership with an in-house financing department like Salt Lake Valley Buick GMC, or a bank/lending institution like your credit union. Neither option is better or worse—they just offer different options that benefit different types of shoppers. Let’s compare where to get a car loan:
Best Place to Get a Car Loan: Dealership
Salt Lake Valley Buick GMC offers vehicle financing with the assistance of our financial professionals. They can help you decide based on many automotive-related factors like:
- If leasing vs. buying is right for you
- Working with a variety of lenders to get you the best rates possible
- Easy application. You only need to fill out one form to get multiple options
- Multiple lenders competing for your business, which can lead to a better rate
- Options for those who have issues with credit
- Financing incentives
- You may be able to negotiate your down payment when financing with the dealership
Best Place to Get a Car Loan: Your BankIf you have a long-standing, good relationship with a bank and your credit rating is good, your bank might be the best place to get auto financing. Your bank might offer more flexibility with your payment schedule. Applying for financing at your bank at the same time you apply at a dealership can help you compare without damaging your credit rating.
Discuss Your Financing Options at Salt Lake Valley Buick GMCIf you’d like more advice and information on the best place to get a car loan that fits your finances and lifestyle, turn to the financial professional a
Salt Lake Valley Buick GMC. While we’re always more than happy to answer any questions you might have, you’re also welcome to begin your car financing education with our helpful
car-buying tips.