Financing with a Bank or Dealership: What’s the Difference?

December 14th, 2018 by

Person signing financial documents at a dealership

When buying a new vehicle, customers always want to get the best deal possible. If you’re in that situation, you might wonder: “Where is the best place to get a car loan?” The most common financing sources are a bank or the dealership, and today we’ll find out which one is the best for your needs. Next time you need a new or used car near Lincolnton, turn to Momentum Mazda.

Car Loans From a Dealership

The dealership offers a range of advantages that many new Mazda buyers will find appealing. They can help you decide if leasing is a better option than financing, and they consult with many different lenders to get the best rate possible for your loan. Because of that, they’ll also often have financing options for buyers with less than perfect credit. There’s also the financing incentives — Mazda routinely offers financing and lease deals that a bank can’t match. Lastly, you often have more leeway with the down payment if you finance at the dealership.

Car Loans From the Bank

While a bank doesn’t offer leasing options, Mazda financing incentives, or a range of financing options, a bank can work better for some customers. If these benefits are appealing to you, make a trip to your local bank before visiting Momentum Mazda near Shelby:

  • Flexible Payment Schedules
  • Set Interest Rates
  • Pre-Existing Relationship with Bank

Visit Momentum Mazda for More Financing Options

Whether you’re thinking of financing or leasing your next Mazda, you can contact us for financing advice. We even offer an online application that provides quick pre-approval. That way you know how much your monthly payments will be before you even set foot on the lot. Apply online to learn more!

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Posted in Financing