Coughlin Nissan of Heath

Dec 9, 2022

Are you getting ready to buy your next car? Wondering whether you should get car financing? There are lots of great reasons to get a car loan straight from your dealership. Here’s how your Nissan dealer‘s financing department can help you.

1. You Can Buy a Better Car

If you’re planning on paying for your car in cash, you’re going to have to make some compromises. It’s unlikely that you’ll be able to afford the vehicle or trim level you’ve been dreaming of.
 
But if you get financing for your vehicle, you’ll only need to put down a portion of the entire cost as your down payment. That means you’ll have much more flexibility in. terms of what you can afford.

2. Dealers Have the Best Rates

Your dealer will want to keep your business, and that means all areas of your business. To do this, your dealership needs to stay competitive and that means offering you the best interest rates.
 
If you want to ensure that your monthly payments stay affordable after you purchase your car, then make sure you talk to your dealership’s financing department.

3. Build Your Credit Score

Your credit score will affect all areas of your financial life. The lower your score, the more difficult you’ll find it to get things like loans, mortgages, and rental properties. Therefore, it’s important to find ways to boost it if you have a low score.
 
Because it’s easy for almost anyone to get a car loan regardless of their credit score, this makes it one of the best ways to build up your credit score. If you make your monthly payments on time, you’ll see your score go up quickly.

4. You Can Increase Your Savings

If you’re paying for your vehicle in cash, then you may need to take out a significant portion of your savings to do so. That’s money that you could be saving for other major purchases or that you may need in the event of an emergency.
 
Since you only need to put down a portion of the car’s total cost when you make your down payment, this means that you’ll easily be able to continue building your savings. If something ever does come up, you’ll be grateful you still have that money.
 
Getting a car is a big deal and one of the most expensive purchases you’ll likely make. If you want to keep your purchase as affordable as possible and get a quality car, you’ll want to talk to us about our financing options. Learn more about how we can help when you visit us at Coughlin Nissan of Heath.