If you’re planning to buy a new or used car but can’t afford to pay cash, consider financing. You can take out an auto loan from a bank, credit union or the car dealership, itself. If you have a low credit score, you may find it difficult to get a car loan from a bank or most lending institutions. In most cases, your last resort is financing through bad credit car dealerships. It is also bank financing, but the dealer is doing the legwork by going to the bank on your behalf. There are several advantages of financing a car through a dealership.
Easier, Quicker and More Flexible
Many buyers avoid the bank because it is easier to go to the dealer, finance the car and drive away. The main advantage of buying a car through a dealership is the flexibility they have compared to a bank. Automakers can sometimes offer very low rates as a promo, which can be as low as zero percent. No bank will do this. Dealership rates are negotiable and they shop your credit profile around to different lenders, which means some offers may be lower than others. Banks have only one offer to give you, and if you have a bad credit, you are out of luck. Read more from this article: http://bit.ly/2yqOl7w
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