Auto-finance Archives - Mike Kelly Mitsubishi

Car loans are becoming increasingly popular these days, and with good reason. They allow you to drive off the lot without meeting the sticker price upfront, and you get to build credit over time. However, conventional car financing is expensive, slow, and often has stringent requirements. That’s why you want to work with an alternative lender, like a Mitsubishi dealer, for your car-buying needs.

1. YOU GET SPECIAL INCENTIVES

When you finance a car through the dealer, you’ll often get special incentives like cash rebates and low-interest financing. These can significantly reduce your car payment, making your dream car affordable.

You might also get dealer loyalty rewards, which include discounts on parts and services. While this won’t lower your car payment, it will help you save money in the long run. Just read the fine print so you understand what each incentive offers.

2. YOU GET A SUPERIOR CUSTOMER EXPERIENCE

Most dealers work hard to provide an exceptional car-buying experience. They strive to get you the best possible deal and ensure your application is processed quickly and accurately.

On the other hand, your bank will most likely bombard you with paperwork, and you won’t get holistic support like you would from a dealer. You might also have to wait days or even weeks before you hear back about your application.

3. YOU HAVE CUSTOMIZATION OPTIONS

Dealers offer customization options for used cars that you won’t find with conventional lenders. This could include aftermarket body parts, performance modifications, or even extended warranties. These options can boost the value of your car and give it a unique look.

Plus, you’ll get expert advice from knowledgeable sales staff who are trained to recommend the best options for your budget and lifestyle. Add that to the fact that you can drive away with your new car the same day, and you’ll see why dealer financing is an attractive option for most buyers.

4. YOU GET ACCESS TO MULTIPLE LENDER OPTIONS

Most lenders partner with dealership networks, which allows them to offer multiple financing options. This allows you to find a loan that fits your budget and financial situation.

It is also worth noting that some dealerships are willing to work with people who have bad credit, which is impossible with banks and other conventional lenders. The interest rate may be higher for these customers, but the process is quicker and more seamless than with a traditional lender.

There’s no denying the convenience and value of getting a car loan through your dealer. You’ll likely get better customer service, more customization options, and better incentives than you would from a conventional lender. Visit Mike Kelly Mitsubishi today to learn more about our financing options. With our expertise and your diligence, you’ll find the perfect car loan for your needs.