4 Benefits of Getting Car Financing at Your Chrysler Dealer

Getting ready to shop for your next vehicle? Wondering how you’re going to pay for such a major purchase? If you haven’t thought about getting car financing from your CDJR dealer, now is the time to consider it. Here are just some of the many reasons to get financing.

4 Benefits of Getting Car Financing at Your Chrysler Dealer

1. Afford a Better Car

When you purchase a vehicle, you can pay for its entirety in full or you can get financing for it. When you pay for a car in cash, you’ll likely find yourself limited by what you can afford.

But if you opt to get financing from your dealer, you’ll open up many more options. Instead of having to go with a car in poor condition or the lowest available trim level, you’ll be able to purchase a car that you’re actually going to love driving.

2. Boost Your Credit Score

A bad credit score can impact more than just your ability to take out loans. If you have a low score, you’ll probably find it difficult to get things like mortgages and rentals. Some employers will even consider applicants’ credit scores which could mean you have a tough time getting a good job.

So, it’s a good idea to do what you can to rebuild your credit score and set yourself up for future financial success. You can do this by taking out financing for your car and paying your monthly payments on time.

3. Get the Best Rates

When you decide to get financing for your vehicle, you’ll have to decide where you’re going to be getting financing from. There are lots of different lenders out there, so sit down and do your research before you decide who to go with. Make sure you take a good long look at your dealer especially.

Dealerships want to keep all aspects of your business, so they’ll do what they can to offer you the most competitive rates. As a bonus, your dealership might even offer some financing incentives to help sweeten the deal and encourage your purchase.

4. Grow Your Savings

If you pay for your car in cash, you are likely going to have to pull a large chunk of money out of your savings. This isn’t ideal for many reasons. For one thing, you could be putting this money towards other major purchases. For another, it’s good to have savings in case of an emergency.

When you get financing for your car, you’ll only need to put down a percentage of the car’s total cost as your down payment. This leaves the majority of your savings intact and allows you to keep growing them for when you really need them.

If you are thinking about purchasing a new car, getting your financial situation in order is an important step. You should think about getting financing for your purchase to help ease the financial burden. Wondering how we can help you? Visit our financing department at Barkau Chrysler Dodge Jeep Ram in Freeport.