Bank or Dealership: What’s the Best Place to Get Auto Financing?

Should you get a Car Loan From a Dealership?

Car dealerships are ideal for car loans for several reasons. You’ve undoubtedly seen the incentives dealerships offer in ads, and not all of them are too good to be true. In fact, car dealerships have a lot of leeway when it comes to offering customers financing. Here’s why:

• Dealers can help you determine if leasing vs. buying is right for you. 
• Dealerships work with a variety of lenders to get you the best rates possible. 
• It is easy to apply. You only need to fill out one form to get multiple options. 
• Multiple lenders are competing for your business, which can lead to a better rate.
• Some dealerships offer options for those who have issues with credit.
• The dealership may offer financing incentives.
• You may be able to negotiate your down payment when financing with the dealership. 

Should you get a Car Loan From Your Bank?

Your local Smyrna-area bank might instinctually be your go-to when looking to fund big purchases, like a car loan. With that said, you should speak with your dealership before applying at your bank just to ensure you have every angle covered. And for those with less-than-perfect credit, you will have a harder time getting a loan with a bank. Despite this, there are some benefits, including:

• You have a pre-existing relationship with your bank
• There are often set interest rates
• You may be able to set a flexible payment schedule

Discuss Your Financing Options at Hennessy Porsche North Atlanta

Don’t hesitate to reach out with any financing-related or Porsche questions whatsoever. The Hennessy Porsche North Atlanta finance center is always happy to chat with car shoppers from Milton and beyond! They’re always excited to explain how much it costs to lease a Porsche, discuss Porsche lease offers, or recommend some of the best escape rooms in Atlanta. (They’re super fun!) And when you do feel financially prepared, feel free to browse our new Porsche stock.

More News From Hennessy Porsche North Atlanta