Dealer Financing vs. Bank Auto Financing

Is it time for a new vehicle? If so, you’ll have an important decision to make on financing. You can either try bank auto financing or dealer financing for your purchase in Henderson, but how do you know which is better? Mercedes-Benz of Henderson shares the ins and outs of dealer financing vs. bank auto financing in this handy guide! 

Dealer Finance: Perks of Using a Dealership

Choosing to finance at a dealership is convenient and presents Boulder City with benefits that are available with banks, such as: 

• The option to lease – For some drivers, leasing makes more sense than buying, and you only have that option at a dealership. 
• No age or mileage limits – Banks can limit the age or mileage of vehicles they provide loans for, which can create a problem for used car buyers. 
• Easy application – All it takes is one online application to be connected to multiple lenders.
• Multiple Lenders – Using numerous lenders allows dealerships to provide competitive terms and rates.
• Rebuilding credit – Have a less than perfect past when it comes to credit? Some dealers work with credit-challenged drivers to help them secure loans and build credit. 
• Negotiating prices – Costs like down payments can be negotiated when financing at a dealership. 
• Incentives- Dealer finance incentives can knock some off your purchase that your bank won’t be able to. 

Why Choose Bank Auto Financing?

With a previously established relationship, your bank may feel like a comfortable alternative to a dealership. They also offer the ability to set their own internal rates. Still, with the incentives, competitive rates, and negotiations, it’s worth checking with a dealership to see if you can get a better loan. 

Benefits of Mercedes-Benz Financial Services

Along with offering many of the dealer finance benefits listed above, Mercedes-Benz Financial Services brings the first-class service to Mercedes-Benz of Henderson customers. With Mercedes-Benz Financial Services, shoppers near Pahrump can enjoy benefits such as: 

• Leasing and Financing Offers – Leasing and buying are both affordable with the offers from Mercedes-Benz Financial Services. 
• Finance Offers – Our Loyalty Program Accelerator, along with other offers, can help you secure a great price or payment plan. 
• Lease Return Center – Quick lease returns and incentives towards your next Mercedes-Benz lease can be had at Mercedes-Benz of Henderson/ 
• Optional Warranty Coverage – Extended and extra warranties are available for purchase at your Henderson dealership. 

Start Vehicle Financing With Mercedes-Benz of Henderson Near Kingman

If you want to finance your next vehicle with Mercedes-Benz Financial Services, you can do so with dealer financing at Mercedes-Benz of Henderson! Feel free to reach out with any questions you have about the financing process!