What Are In-House Financing Car Dealers?

When you’re getting ready to finance a new or pre-owned car, you have several options to consider. Banks and credit unions are the traditional sources for financing, but you may also want to consider in-house financing car dealers near Fairfield and Westport!  Choosing a dealership that can provide financing means that you can take care of every aspect of your purchase in one place. Learn more about the benefits of working with in-house financing car lots below!

Why Should You Choose In-House Financing Car Dealers?

At the end of the day, the dealership that offers in-house financing for cars and SUVs truly wants to see you behind the wheel! This means that they’re likely to be more flexible, offering benefits that include:

• A streamlined pre-approval and trade-in process
• Extended warranties and bundled coverage options
• Accessibility to drivers with less-than-ideal credit
• A range of lending packages with different terms and interest rates

If you’ve had trouble securing a loan through a traditional lending institution, searching for in-house financing car dealers may be a better option. If you make all of your payments on time, you may even see improvements to your credit.

What to Watch Out For

Not all in-house financing car dealers have your best interest at heart. If you decide not to work with a trusted dealership like Mercedes-Benz of Fairfield, there are some common pitfalls to watch out for:

• If you’re allowed to drive off with the new vehicle before committing to a payment plan, be wary.
• Some in-house financing car lots will lure you in with a low pre-approval rate, and then increase the cost when you’re ready to sign.
• If your dealership doesn’t report to a credit bureau, they’re more likely to offer a plan that you can’t actually afford.
• If you’re approved in one moment, but then hear that your financing plan fell through, you’re not working with a trustworthy lender.

Finance with Mercedes-Benz of Fairfield

Mercedes-Benz of Fairfield is connected with a wide range of lenders near Weston and Trumble, and we can also provide in-house financing for our cars and SUVs. When you apply for financing with our team, we’ll do everything in our power to help you make a plan that fits your budget.