Oct 28, 2022

Visualization of financing a car made near Anderson, INAre you looking to buy a new car? Looking for a way to make this purchase easier on your wallet? Here are just a few of the many reasons why you should get your next car financed through Ed Martin Chevrolet.

 

 

 

 

 

1. Dealers Have the Best Rates

When it comes time to get your vehicle financing, it’s important to head to the right place. If you want to make sure that you’re getting the best, make sure you visit your local dealer.

Your dealer wants all aspects of your experience with them to be the best, which is why they’ll provide you with the most competitive interest rates. They may also offer you some financing incentives you’ll want to consider.

 

2. You Can Afford a Better Car

If you decide to pay for your car in cash, then you may have to make some major compromises. You’ll probably have to purchase a lower trim level than the one you really want since you may not be able to immediately afford a higher option.

This is just another reason why you should think about getting financing from your dealer. Since you’ll only need to put down a portion of the car’s total cost as your down payment, you’ll be able to splurge a little more and afford the more luxurious model you’ve been dreaming about.

 

3. You Can Grow Your Savings

One of the other major benefits of getting your vehicle financed is that you can keep growing your savings after making your purchase. If you pay for the entirety of your vehicle’s cost in cash, you’ll probably have to take a decent chunk of your savings out.

But when you choose to finance, you’ll only need to take a portion of your savings out for your down payment. That means you can keep the rest of the money around for emergencies or for other major purchases you might be thinking of making.

 

4. You Can Boost Your Credit Score

Do you know what your credit score is? Your credit score can affect your ability to get things like loans, mortgages, rental properties, and even jobs in some cases. Therefore it’s important to maintain a good score.

If you’re worried that your score is low, or even if you’re just looking for a way to improve your average one, a car loan is a great way to do that. Almost anyone can get a car loan, and making your monthly payments on time will easily boost your score.

If you’re buying a new car and you’re thinking about getting financing, you need to head to the right place. Visit our financing department at Ed Martin Chevy to learn more.

 

Image courtesy of Raten-Kauf via Pixabay