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If you’re in the market for a new or pre-owned Porsche, why not consider car financing options directly at your local dealer? Whether you have perfect credit or are starting fresh after a few financial setbacks, there are many benefits that come with getting auto loans at your local Porsche dealer.
1. Promotional Interest Rates
Dealerships and banks make money in different ways. Dealerships earn their profit on the sale of the vehicle itself, while banks gain money by collecting interest charges over time on loans that customers take to purchase cars. Many dealers offer a range of financing deals that make it easy for customers to purchase a vehicle. These promotions often include interest rate incentives, such as zero or reduced-rate financing offers.
Ideally, as the dealer makes money on the sale of the vehicle, you’ll be spending less by saving money on interest rates. It’s a win-win situation for both consumers and dealerships.
2. Faster Processing
Shopping for a new car at your local dealership gives you the added benefit of convenience and speed. Not only do you have access to knowledgeable sales staff, but you also find out almost immediately if financing is available. Obtaining financing approval is painless; paperwork is filled outright in the office, and decisions follow quickly. Best of all, once approved, you can take your ride home that very same day!
3. Longer Loan Terms
Many dealerships offer longer loan terms that can make getting behind the wheel of a brand-new Porsche easier. Instead of the traditional five-year car loan, customers can extend their loan terms up to six or even seven years. Not only that, but the monthly payments become more affordable and easier to budget around. If you’re in the market for a new Porsche, this extended lending option is one you should definitely explore.
4. Low Credit Score Isn’t Always a Problem
Having a bad credit score can make life difficult, as it often means that you won’t be approved for any loans. If you choose to finance your Porsche from a dealership, a bad credit score should not be a problem. Most dealers offer in-house financing. Although interest rates are usually higher than with other lenders, in-house financing may just be the helping hand that someone in need of rebuilding their credit score is looking for.
This form of auto financing will give you the opportunity to gradually improve your credit by meeting monthly payments and eventually qualifying for better loan terms from traditional lenders.
Visit Porsche Mobile to explore our amazing range of new and pre-owned cars. With our wide range of leasing and financing options available, you can be sure to find an offer suitable for your budget.
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