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4 Reasons to Ask Your Lincoln Dealer About Car Loan Options

Feb 10, 2023


Auto loans are an excellent way to get the car you love without breaking the bank. If you’ve been dreaming of a new Lincoln but need more clarification on the financing options, it’s time to head over to your local Lincoln dealer. Asking the dealer about their car loan options lets you find the best rate or term length to fit your budget

4 Reasons to Ask Your Lincoln Dealer About Car Loan Options

1. Competitive Interest Rates

Many car dealerships work with various banks and lenders, each offering its own competitive interest rates. For example, Bank A may offer a 5.34% APR while Bank B may offer a 6.14% APR, depending on your credit score and other factors.
The benefit of working with a dealership is that they can connect you to the lender that provides the most competitive rate, helping to ensure that you get the best deal possible and enjoy significant savings over the course of the loan term.

2. Flexible Terms

Understanding the terms and conditions of a loan is crucial when shopping for a car, as some lenders offer flexible terms while others are more rigid with their requirements. For example, if you are purchasing a used vehicle and cannot pay high monthly installments, you can negotiate an extended loan term with the dealership.
The knowledgeable team at the dealership can explain your options and create a customized financing package tailored to your financial situation.

3. Easy Application Process

Car dealerships make the car financing application process straightforward. You can start the application process online with a few clicks of the mouse or some taps on your phone. After submitting your information, the finance department will review your details and get back to you within a short period. If approved, you can drive off with your vehicle the same day after signing a few documents.

4. Trade-In Options

Car dealerships often offer trade-in options, allowing customers to get the best value for their used cars. One of the most reliable and accurate tools for determining the value of a used car is Kelley Blue Book®. With this tool, consumers can access objective market data to determine the current value of their vehicle. Moreover, you can use the trade-in value of your car to purchase a new Lincoln from a dealership.
Getting car financing at your local dealer has many benefits, such as flexible payment options, competitive interest rates, and different financing plans to fit your needs. Our finance department is ready to assist you with any questions or concerns regarding car financing. Plus, we offer customized financing solutions tailored to your specific budget and lifestyle requirements. Visit us today at Bayway Lincoln in Houston, TX, and let us help you get the car of your dreams!

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