Bank or Dealership: What's the Best Place to Get Auto Financing?

happy couple with car dealer in auto show or salon

When you’re preparing to take home a new vehicle, you may be wondering how you can get a competitive interest rate in the Westlake and Round Rock areas. When you’re shopping for a new vehicle, you might have several options to consider. But which is right for you? Covert Chrysler Dodge Jeep Ram  will help you learn the best place to get a car loan for your needs! Our finance team aims to make car loan shopping easier, so don’t hesitate to contact us with any questions you may have.

Car Loans from a Dealership

When you’re wondering where to get a car loan, the answer could be right under your nose! Covert Chrysler Dodge Jeep Ram is a great place to start looking for a great deal. A few benefits of in-house auto loans include:

  • Multiple lenders are competing for your business, which can lead to a better rate.
  • Some dealerships offer options for those who have issues with credit.
  • The dealership may offer financing incentives.
  • Dealers can help you determine if leasing vs. buying is right for you.
  • Dealerships work with a variety of lenders to get you the best rates possible.
  • It is easy to apply. You only need to fill out one form to get multiple options.
  • You may be able to negotiate your down payment when financing with the dealership.

Car Loans from Your Bank

For some, the best place to get a car loan is through their bank or credit union near Leander. This is especially true if you have a longstanding account with excellent credit. After all, if you don’t have good credit or don’t meet their standards, it will be harder for you to get a loan. That means you’ll have to accept a higher rate, or even risk getting denied outright. Benefits of financing from a bank include:

  • You have a pre-existing relationship with your bank
  • There are often set interest rates
  • You may be able to set a flexible payment schedule

Discover More Finance Resources at Covert Chrysler Dodge Jeep Ram

Our team at Covert Chrysler Dodge Jeep Ram is always willing to work with you to ensure that you secure financing that perfectly fits your lifestyle and budget. No matter what questions you may have, don’t hesitate to run it by our team! Call us at 512-730-3300, or contact us online to find the best place to get a car loan.

Want to learn more? Be sure to read up on liability insurance with our team. You can also learn how to refinance a car loan if you are working to improve your finances.

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8107 Research Blvd • Austin, TX 78758

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Covert Chrysler Dodge Jeep Ram

8107 Research Blvd Austin, TX

Phone: 512-730-3300

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8107 Research Blvd Austin, TX

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8107 Research Blvd Austin, TX
30.352832 -97.713552
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Covert Chrysler Dodge Jeep Ram
Covert Chrysler Dodge Jeep Ram
8107 Research Blvd
Austin, TX, 78758 US
512-730-3300
https://di-uploads-development.dealerinspire.com/covertcdjr/uploads/2018/12/Covert-OG-200x200.jpg
Covert Chrysler Dodge Jeep Ram 30.352832, -97.713552.