4 Reasons To Get Car Financing at Your Porsche Dealer

You’re all ready to buy your new Porsche, but you’re not sure if you should get your financing through your bank or go with what your Porsche dealer is offering. There are several great reasons why you should obtain your car financing directly from your dealership instead of dealing with your bank.

1. Convenience

The hassle of traveling back and forth from your bank to the dealership and/or spending a lot of time on the phone with your banker is frustrating and time-wasting. It may also mean missing out on the vehicle you want! Your dealership will have the financial resources readily available for you to complete on the spot immediately after you find the vehicle you want to purchase.

2. Flexibility

Your bank not only likely has a set rate they will charge you for borrowing money, but they will often have a set amount they will lend you as well as a shorter amount of time they require the loan to be paid back.

When you get financing from your dealership, they’re not concerned with making money off your loan by charging high interest rates and having a lot of terms because they’re already making money off the vehicle they just sold you. This means you’ll often be offered a lower interest rate — sometimes even zero — as well as a low down payment. And your dealership is also likely to offer you a longer period of time to pay it off, if needed.

3. Ability

If your credit isn’t great, it’s likely your bank will deny you a loan. Or if they do, it will probably come with strict terms and a high interest rate. Dealerships are often able to be more accommodating towards people with bad credit and will work with you to come up with financial terms you can handle.

4. Upgrades

Since dealerships can be more flexible on rates and payment terms, you may be able to work with them to acquire a larger and/or longer loan so you can purchase a more expensive vehicle. Remember, your dealership wants to make you happy — and help you drive away in the best vehicle you can.

At Porsche Lincolnwood, we’re committed to providing customers with the largest new and used inventory of vehicles, the very best customer service, helpful and convenient financial resources, and a quality service department. Stop by or call us at Porsche Lincolnwood today so we can help you find the vehicle you want at a price you’re happy with.

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