More and more consumers are getting their auto financing online instead of from the dealerships where they buy their vehicles. Getting auto financing from a dealership has some benefits:
Convenience vehicles and financing are in one place and the dealer is motivated to find financing for buyers, no matter their circumstances.
More options a dealers relationships with a variety of banks and finance companies mean they can offer a range of loans to fit a buyers credit rating.
Special programs sometimes dealers can offer manufacturer-sponsored, low-rate programs, but usually only to people with good credit.
But getting auto financing online offers even more advantages:
Certainty buyers know how much they can spend before setting foot on a dealers lot.
Clout buyers with financing in hand are treated like cash customers and are in a stronger negotiating position.
Cash savings because of competition, online buyers often get the lowest interest rate possible for someone with their credit rating.
Calmness buyers arent subjected to the high-pressure tactics of a dealers finance department.
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