Whether you have money saved up for a large down payment or not, you need to have a solid car financing plan when you purchase a new, used, or certified pre-owned car. Fortunately, your local VW dealership in Las Cruces, NM has a dedicated finance department that makes the financing process a breeze.
1. Fast Online Credit Approval
When you want to take out an auto loan, you will first need to apply for pre-approval. This process essentially means that potential lenders screen your credit history and income level to determine how much you can borrow for your automobile purchase. You can submit an application for a car loan pre-approval at your dealership’s website.
Fast online credit approval is an important benefit because, for many drivers, quick access to a vehicle is crucial. If you need a car to commute to work or take care of your family, it can be frustrating to wait weeks for loan pre-approval when you submit an application to a bank or credit union. When you apply for loan pre-approval online, however, you will usually receive approval within days or even hours.
2. Financing Not Limited By Credit Score
For many borrowers, it can be frustrating to apply for auto loans only to be turned down because of their credit score. However, at the dealership, your credit score is not the most important factor considered when your auto loan is approved. In fact, your dealership is ready and willing to work with you even if you have recovering credit, bad credit, or zero credit history.
3. Competitive Interest Rates
The finance experts at the dealership will also find you an auto loan with a competitive interest rate. Your interest rate is generally determined by the type of car you buy and your credit score. Interest rates are usually higher for borrowers purchasing a used vehicle and borrowers who have a lower credit score.
4. Flexible Financing Plans
At the dealership, you will find much more flexible financing options than the auto loan terms offered by traditional lenders. The dealership can craft a financing plan for your financial situation, such as helping you calculate your monthly payment by adjusting the length of your loan term. If you prefer to have a short-term loan, you can choose to make higher monthly payments. If you want to reduce your monthly payments, you can ask for a longer loan term.
Financing your new vehicle at the dealership is a quick and easy process. Unlike traditional lenders, the finance department at our dealership in Las Cruces, NM will work with you even if you have poor credit, and you will be able to choose a financing plan that works for your budget. Get in touch with Sisbarro Autoworld Volkswagen to discuss finance options today.
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