Blog / Auto Finance Advice

Financing Through Your Dealership: What Every Car Owner Should Know

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When you choose your next car, you have the choice between bank financing and dealership financing. While these two options may sound similar, they're very different in practice. We'd want to tell you some of the reasons why financing through your dealership is your easiest, cheapest, and best choice.

You're Not Alone

When you apply for an auto loan through the bank or other credit provider, you have to complete the process alone. You fill in the bank's credit application, submit it, and then you wait for a decision. They have systems and people available to answer questions, but it's impersonal. A bank views every application as a number on a credit score.

Your dealership is very different. When you apply for financing through us, our friendly finance managers are with you at every step. Our finance application process is transparent. We know that you want the car or your dreams, and we work with you to get it. Our experienced team negotiates the best rates and terms for you as an individual and not as a number.

Have You Decided?

You know the make of the vehicle you want. You just haven't picked the exact model yet. It makes sense that you want to know how much finance is available to you. If you approach a bank in this situation, you could be looking at a long delay while you decide. A bank will only move forward with a loan application when they have all the information about the vehicle you want.

We view this situation differently. You haven't decided on the model yet, but we know you'll decide. We can pre-approve your financing based on the information you provide. This gives you more time to decide, and you know that the finance is available for you.

We Offer Choice

If you apply for finance through the bank, they offer you one deal based on their terms. You don't usually have options to negotiate the term length or monthly repayments. If you refuse their offer, you have to start the loan application again at a new bank.​​​​​​​​​​​​​​​​

When you choose financing through us, you complete one application. We work with a pool of lenders, and we negotiate with them to get you the best deal. Very often, we can supply you with several offers. We can also negotiate term length or repayment terms to get an even better deal.

These are just a few reasons to choose financing through your dealership. We also provide some easy-to-use online tools so you can get pre-approval and calculate the rates and term length that work best for you. If you'd like to know more or are ready to finance your next car, contact us today at Bommarito Auto Group.

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