Mar 22, 2024
A financing deal struck in San Jose, CA

You have a lot of options when it comes to finding a lender for car financing. One lender you should definitely take a close look at is your Mitsubishi dealer. Dealership financing is highly beneficial for a lot of different people, and it can also save you a lot of time and stress.

1. You May Get a Loan If You Have Poor Credit

You may struggle to get a car loan if you have a low credit score. Your application may have been denied by numerous other lenders, or maybe you’re struggling to find a competitive rate. If either of these situations is the case, then it’s worth paying your dealer a visit to see what they can offer you. Despite your poor credit, you may find that you can secure a car loan even if you can’t get one anywhere else.

2. You May Qualify for a Great Offer

You may notice that your dealership sometimes offers exclusive offers on certain cars. The dealership could state that you can get a loan with little interest, and sometimes, the offer may even say you can get a car loan with 0% APR.

People with excellent credit scores should talk to the dealer about any offers they’re running or will be running soon. If your credit score is squeaky clean, then there’s a great chance you’ll qualify for one of these offers.

3. You Can Save a Lot of Time

You’ll typically find that shopping around for a loan is time-consuming and, often, stressful. You can save plenty of time and eliminate that stress by going straight to the dealer when you need a loan to buy a new car. Filling out an online application on the dealer’s website or visiting the dealer to fill out an application in person, is all the shopping around you need to do.

The dealer will send your application to more than one lender, but you won’t need to fill out any additional paperwork. You also won’t need to spend time searching for different lenders to approach, thus making the experience a lot more relaxing.

4. You Can Get Everything Done in One Trip

Your local dealer will be more than happy to take your old car off your hands, sell you a new car, and provide financing. Getting your new vehicle only needs to take a single afternoon, and it’ll go by even faster if you get preapproved for a loan on your local dealer’s website first.

Get your financing at San Jose Mitsubishi in San Jose, CA. We Have an easy online credit approval application that you can fill out to get the process started today.