It's Convenient
A Woman Buying a Car by Antoni Shkraba is licensed with Pexels License
Our Apple Chevrolet dealership in York, Pennsylvania, has a finance department to help you obtain a vehicle loan. You won't have to go to your bank or shop around online to get the best deal. Instead, our finance team will use your information to check rates with different lenders they work with. This allows them to get you the best rates available.
Our dealership makes it convenient for you to purchase a new vehicle, get the financing you need, trade in your old ride, and drive off the lot, all in the space of a few hours of your time. We even help you fill out all the paperwork for the loan, meaning you just have to sign on the dotted line.
Tax Advantages
Most people don't think about sales tax when they purchase a used car, but sales tax on a vehicle can be substantial. If you're buying from a dealer and trading your current vehicle, you can save money on sales tax in most areas. In York, Pennsylvania, there's no sales tax for any trade-ins.
This means you'll only pay sales tax on the difference between the car you're buying and the value of your trade-in. With a state sales tax of 6% in Pennsylvania, you can save hundreds of dollars on sales tax by going through your dealership. If you bought a car from a private seller or tried to sell your trade-in yourself, you wouldn't be able to take advantage of these tax savings.
More Flexible Loan Terms
When you apply for an auto loan with your bank or credit union, you may get a 48-month or 60-month loan. It depends on the value and age of the vehicle you're trying to purchase. Your bank will also limit how much money you can borrow, and they'll require a down payment if the car costs more than it's worth.
A dealership can offer you more flexible loan terms. For example, you may get a 72-month loan, which can significantly reduce your monthly payment. Apple Chevrolet can also help you qualify for a higher loan amount by extending your payment terms while still allowing you to stay within your monthly budget.
When you go through us to finance your vehicle, they can add the taxes and licensing fees into the purchase price and roll them into the loan amount for you. This means you won't have to pay hundreds of dollars out of pocket. Alternatively, you can reduce your payment if you cover those expenses or contribute a larger down payment.
Better Payment Terms
It pays to shop around for financing, which is why Apple Chevrolet in York partners with several lenders to get you the best payment terms and interest rates. Sometimes, our dealership and lenders run promotions for loans, offering reduced-rate financing. If you have good credit and verifiable income, we can get you the best rates available without the hassle.
You Can Refinance Anytime
Whether you finance through your local bank or us, you can refinance your car loan anytime. However, you won't get the same perks our dealership offers, especially a longer loan term. Just keep making those payments until you refinance, and communicate with your lender if you ever have trouble meeting those monthly obligations. Many lenders prefer to let you skip a payment than having to repossess your car, but you have to get permission first.
How to Finance through Apple Chevrolet
Getting financing through us is easy. You'll fill out one credit application, and our finance experts will submit that information to multiple lenders. We'll find the rates and terms that meet your budget and discuss the options with you. If your credit is mediocre or bad, we'll likely find better financing options than your bank. Of course, your interest rates will be higher than if you have good credit.
Apple Chevrolet can also help you obtain financing if you have no credit. You may need a larger down payment or a co-signer to help you get good terms for your loan. But unlike a bank, our dealership is in the business of selling used cars. We're happy to work with you on the financing to get you into a vehicle.
Make Sure Your Loan Is Approved
When you work with our finance department to finalize your auto loan, it may take some time to get the final approval from the lender. It's essential to make sure you don't sign on the dotted line if you see the words "pending approval" in your documentation. If the lender hasn't approved you for the quoted interest rate and loan terms, your monthly payment could change substantially once the loan is finalized, and you'll still be obligated to make the payment.
Why Dealership Financing Is a Great Option
Financing your next vehicle at Apple Chevrolet in York, Pennsylvania, is an excellent option because you just can't beat the convenience. The most troublesome part is finding the car you want for the price you're willing to pay. Apple Chevrolet has a great selection of new and used vehicles just waiting to be seen. We make this part as simple as possible.
First, see how much your current vehicle is worth so you'll know what your budget is. Next, it's easy enough to fill out an application for a car loan online before you visit us. We'll take care of everything from completing your credit check to verifying your income.
At Apple Chevrolet in York, we'll work with multiple lenders to get you the best financing terms and rates for your car loan. This saves you the hassle of applying for a loan with multiple financial institutions and makes our dealership your one-stop shop for all your car-buying needs.
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Finance