Not many people can drop thousands upon thousands of dollars in order to make a complete cash transaction on a brand new car. If you’re like millions of others in the world, you’ll most likely need to finance your new vehicle in some way or another, whether it’s through a bank or a dealership. We’ve put together some advantages of financing through us here at Floyd Traylor Honda so that you can get the best deal possible.
It is incredibly useful to come to the dealership completely prepared with a pre-approved loan so that you know exactly what you can afford when it comes to overall price and monthly payments. But you should keep your mind open to what a dealership can offer because they do have access to a broader variety of lenders that may be able to offer you a better rate and/or payment.
Another benefit of financing through a dealership is that some locations allow the consumer to transfer a loan to a new vehicle. So if you decide a few years down the road that you need to upgrade to a different vehicle, and you haven’t completely paid off your old vehicle, then you could pass on the remaining balance to your new car and payments.
This would make things exceptionally easier than having two separate loans open.
Visit us today at Floyd Traylor Honda if you have any questions about financing or if you’d like to test drive one of our many available vehicles.