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

Car loan shopping can be overwhelming to the first-time car buyer. How do you get the lowest rate? How do you even know what the lowest rate is? Where’s the best place to get auto financing? That last question is probably the most important one, since deciding where to get a car loan will also impact your interest rate and the amount of your payment every month. Fortunately, Sussex Honda in Newton is here to help you sort through all of that, or even help determine if leasing is a better option for you.

Your Dealership Makes Car Loan Shopping Simple

Imagine going to multiple different banks in the Sparta Twp area to apply for a loan, in order to get the best rate. Going through the application process just once can be somewhat time consuming. But in this scenario, you would have to repeat the application process for each individual bank. Applying at your dealership takes the hassle out of the loan process. At your dealership, you apply just once, and they do the rest of the work. The dealership will shop your loan around to multiple different lenders on your behalf. But this is just one reason why your dealership is the best place to get a car loan.

Make Lenders Fight Over You

The lenders your dealership works with know that the dealer will shop your loan around to other lenders as well. This gives them an incentive to offer you the lowest rate they are able to so that they can compete. On the other hand, if you apply to an individual Hackettstown bank, they have no incentive to lower their rate. You’re stuck with what they give you. This is why even car salesmen know to stick with the dealer when they need to decide where to get a car loan for themselves.

Dealerships Work with Not-So-Great Credit

Is your credit less than perfect? The financing department at your dealership knows various programs and options that can be utilized for borrowers with credit that isn’t particularly stellar. This is yet another reason why your dealership is the best place to get a car loan.

Stop by Sussex Honda in Newton Today!

Car loan shopping doesn’t have to be stressful. The finance department at Sussex Honda will be happy to help you figure out the right financing to get you behind the wheel of your new car today. You can even find more helpful car buying features such as should you buy or lease or what does gap insurance cover. We’re located conveniently near Denville. So drop on by!

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57 Hampton House Rd. • Newton, NJ 07860

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Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 8am-5pm

Open Today! Parts: 8am-5pm

Sussex Honda 41.0798684, -74.7369608.