3 Benefits of Car Financing Through Your Jeep Dealer

​​​​​​​​​​​​​​​​Car financing can seem like a confusing maze when you visit a bank. You can also feel like you’re at the mercy of forces you can’t influence or control, as a loan is often subject to a take-it or leave-it attitude from the bank. As your Jeep dealer, we think a car loan application should be easy and transparent. These are a few reasons why choosing us for your car loan is a good choice.

We’re Transparent

Banks are governed by a host of rules and regulations that determine their loan criteria. When you apply for a loan, you could face higher interest charges or larger monthly repayments if you don’t meet all their requirements. If your loan application is rejected, you’ll often be left wondering why, as they don’t have to explain the reason for the rejection.

We don’t think that’s right. When you apply for a loan through us, we provide an easy-to-understand pre-approval form online. This helpful tool allows you to make your application from the comfort of your home and receive a speedy response. We also provide other useful tools to allow you to estimate monthly repayments, term length, and total price.

Easier Qualification

A bank is always happy to work with people who have excellent credit, and they can offer some attractive deals. If you don’t have perfect credit, applying for a loan becomes more challenging. If the bank chooses to offer a loan, it will have higher interest payments and probably a shorter term. This can make servicing a loan more onerous than it should be.

We have a different view, as we understand that many people have average credit or credit that needs some improvement. Neither of these situations should prevent you from buying your new car if the repayment terms are affordable. We have a network of credit providers that actively work to arrange the best deal for you, regardless of your credit rating.

Lower Costs

If you get a car loan from a bank, they usually require a deposit. The deposit is deducted from your loan amount and reduces your interest payments, which means you will need to have more cash available to buy your car. In addition, if you have a vehicle to trade in, you’d have to sell it first and then give the cash to the bank, as they won’t accept the vehicle itself.

As a dealer, we value a trade-in vehicle on its Kelly Blue Book value, which is a convenient way for you to reduce your financing. We can also negotiate with our credit providers, so you’re unlikely to need a deposit.

If you’d like to know more about your financing options with us, contact our finance department today at Bob-Boyd CJR in Lancaster, OH.

Tags: Jeep Auto Financing, Why Should I Finance My New Car?
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