Best Place to Get a Car Loan – Dealer or Bank?

Finance Agreement

 

Where’s the best place to get auto financing? Deciding where to get a car loan will impact your interest rate and the amount of your payment every month. Fortunately, our finance department makes car loan shopping simple so you don’t have to apply at every bank in Murrieta. So, let’s talk about how to determine the best place to get auto financing.

Car Loan Shopping Made Simple

BMW of Murrieta deals with multiple lenders to ensure that we can get the best loan terms for you. At your dealership, you apply just once, and they do the rest of the work. That means you won’t have to stop by every bank in the Corona area, struggling to understand where to get a car loan that has the best terms. But this is just one reason why your preferred dealership is the best place to get a car loan.

Why a Dealer is the Best Place to Get a Car Loan

If you apply to an individual Riverside bank, they have no incentive to lower their rate. You’re stuck with what they give you. That’s why a bank is often not the best place to get auto financing. When you do your car loan shopping at a dealership, that dealer will shop your loan to several lenders. That means that multiple lenders will be competing for your business, and you can choose the one that offers the best rate. That’s just another reason why BMW of Murrieta is where to get a car loan if you don’t want to settle for less.

Dealerships Can Work with Bad Credit

Dealerships understand that everyone falls into rough financial times at some point. Your credit score may not be where you want it to be. That’s OK. BMW of Murrieta is where to get a car loan if your credit is not ideal. We’ll work with you to get you into your next car with a workable auto loan that fits your situation. This is yet another reason why a dealership can be the best place to get auto financing.

Talk to the Finance Department at BMW of Murrieta

Car loan shopping doesn’t have to be stressful. BMW of Murrieta has helped lots of customers just like you from Ontario and beyond to find the car that’s just right for them. You can start today by filling out our online finance application. Feel free to contact us today with any questions!

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