In most cases, it doesn’t matter whether you want a new or pre-owned vehicle. You will require financing to get one. Your Volvo dealer in Arlington Heights can help you with financing, whether you choose to use their department or seek something from another bank or lender. You’ll want to know your credit score and research appropriate interest rates and other needs, but you’ll be able to get more for the price you pay.
Let Them Do It
When you let the dealer in Arlington Heights handle the financing, you have access to more financing institutions and choices than you would on your own. Likewise, they may be able to find you lower payments and better interest rates, depending on your score and options.
Why They Offer Financing
Most people wonder why dealerships want to finance or help others get the loans they need. The bottom line is that dealerships who provide this service get more business. They already know you’ll need help and that you won’t have thousands of dollars on hand to drop on a new or used car. Plus, if they help you, the financial institution is more likely to give the dealership a percentage of the interest that you pay, meaning they get more profit from their sale.
You still reap the benefits of financing because you get to drive a vehicle and make payments on it each month. You’ll still have the advantage of paying it down or off faster by paying more and will then enjoy the benefits of full ownership.
A Volvo dealer in Arlington Heights is likely to offer financing options to all consumers, regardless of credit history. Visit McGrath Volvo Cars Barrington to find out more about their finance department.