One of the first questions of a car dealer in a dealership is about financing. Because today all brands offer various solutions. The buyer can take out a car loan from the dealership, a bank or an online credit platform. He may also choose the Lease with Purchase Option (LOA). The point on the multiple possibilities of credit auto.
Car loan at a dealer: variable rates
Dealers and their brands are developing strategies and policies for financing their vehicles, which can be very different. Some brands offer very low auto credit rates, close to 0%, in order to boost sales. Others, on the contrary, like Sitiroen, can apply rates well above the market, responding to a policy not inclined to conventional credit.
Auto loan at a dealership: services not to neglect
Prefer to contract a car loan at a dealership rather than at a bank can sometimes enjoy benefits. For example, Nissan auto credit is more flexible than in a conventional bank branch. It is indeed possible with the Japanese manufacturer to readjust the monthly payments over the loan. With Renault, financing its car by the agency DIAC can encompass the extension of warranty of the vehicle. For other brands, packs including maintenance, insurance or support are associated with dealer financing.
Auto credit: the alternatives
It is recommended to check the borrowing rate of dealers who do not always display it clearly. Offers containing certain services sometimes lack readability. Before subscribing, although the offer seems interesting and accessible, it is better to compare.
Requesting a car loan from a bank branch or using online credit platforms gives you a better idea of what the dealer is offering. Moreover, most brands (BMW, Toyota, Ford …) today offer a mode of financing that has the wind in its sails: the lease with option to purchase or LOA. Note however that once the rents paid, it will be necessary to either return the vehicle or buy it.