What Are In-House Financing Car Dealers?
When you’re ready to purchase your next vehicle, you have a few financing options, including financing at your local Mercedes-Benz dealership. What is in-house financing? Car dealers can provide financing options through their dealership. If you opt for in-house financing, you’ll make payments to them instead of the bank. With this financial route, you’ll still need to get approved by a lender, however, you’ll have a better chance of being approved as you go through the lender with in-house financing car lots. Learn more about your financial options to car ownership below, or take the next steps to apply for financing!
Benefits of In-House Financing
When you choose in-house financing, you can often get a more competitive rate as your loan will be shopped around to multiple lenders. Additionally, dealerships also offer occasional financing incentives to help shoppers get a great price. Along with these potential savings and a quicker approval rate, there are other benefits to using this financing method, such as:
Whether you’re interested in boosting the length of the original warranty on the vehicle you’re purchasing or trying to build better credit, choosing to go with in-house financing can help you achieve these goals. Once you fill out and submit your application, we’ll work to get you approved and back on the Burlington roads in no time.
Signs to Watch Out For
As with any purchase, you want to make sure you’re making smart decisions with your money. While you can rest-assured most in-house financing offers at reputable dealerships can be trusted, you’ll want to keep an eye out for any signs of a financing scam. Here are a few of the warning signs to watch out for:
- If the car dealership doesn’t report to any of the major credit bureaus
- If the dealer allows you to leave the lot before you agree to the payment term
- If you’re informed that your financing plan fell through and you need to pay more money or you’re given a higher interest rate than what was previously discussed
- ”Approved” vs. “approval” – if the manufacturer approves the dealer, they’re approved and have greater quality standards
Find Secure Financing with Mercedes-Benz Burlington
To get dealership financing you can trust, don’t spend time searching for, “in-house financing car dealers near me.” Instead, make the trip to Mercedes-Benz Burlington. We offer plenty of new and used vehicle specials as well to make the purchase more affordable. Contact us today to learn more from our financing department.
