5 Benefits of Getting Car Financing From Your Lincoln Dealer

Securing financing when buying a vehicle can be one of the toughest parts of getting a new car. Consider getting car financing through your Lincoln dealer to make life easier.

1. It’s Convenient

When you apply for financing at your dealership, somebody at the dealership will send your information to a variety of lenders. This prevents you from having to track down different lenders and submit your information by yourself. It also stops you from having to go through arduous bank meetings to try and find one that’ll give you the money for the new car you need.

It’s also a one-stop place where you can get financing and buy your new car. Getting everything done in one familiar place with people you feel comfortable with is always a plus.

2. It Has Tax Advantages

When you trade in a vehicle in Michigan, you can receive a sales tax credit of up to $7,000. The dealership will be happy to take your old car off your hands, so you don’t have to worry about lining up a buyer, either. Therefore, you get tax credits and convenience all in one simple transaction.

3. It’s Better Long Term

Banks often give you rigid, short-term repayment plans that you must adhere to. Dealerships can offer you longer-term repayment plans, so it’s better for you financially in the long run. Longer-term payment plans mean less paid out every month, so you can more easily find a way to work within your budget. You’ll rarely hear of a 72-month payment plan from a bank, but you have a much higher chance of securing one at a dealership.

4. It’s Got Incentives

Dealerships can offer you incentives when you finance with them. These incentives can change depending on the month and even the time of year, but there are still plenty of reasons you may wish to choose dealership financing over bank financing. Some incentives may include lower interest rates or cash back. Bringing up incentives with the person dealing with your case is always a smart move when seeking financing at the dealership.

5. It Can Help You Build Long-Term Relationships

If you trade in and get financing from your dealership every time you want a new vehicle, then you’ll build a long-lasting relationship with the people who work there. The dealership will get to know your needs as a customer, and you’ll feel more comfortable with each transaction as you build up a good, trusting relationship with your dealership over the years.

Do you need financing for your new Lincoln car? Come by Bob Maxey Lincoln for a chat, or call us at 313-744-6412 to make an appointment.

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