Financing is the most popular way to buy a new car, as it’s the choice of over 80% of car owners in the US. As your Acura dealership, we want to give you some of the reasons why we’re a better choice for your finance options than a bank or credit union.
More Loan Offers
If you apply for an auto loan through a bank or credit union, your options are limited. These institutions have fixed policies that determine the interest they charge, the loan duration, and your possibility of getting a loan. These policies are determined by their home offices, and individual branches must follow them. If you’re rejected by one of their branches, you have to choose a different institution.
When you apply for finance through us, you only have to complete one application, and we submit it to our network of specialized loan providers. These institutions also have policies, but they are more flexible and willing to negotiate. They also effectively compete against each other for your business, allowing you to choose the loan terms that work best for you.
No Travel Required
There never seem to be enough hours in a day for everything you need to do. Applying for a loan at a bank or credit union eats into this time, as you have to visit them to submit your application, and they may require additional information that you have to bring to them. If they approve your loan, you will have to return to complete their documentation.
In contrast, our loan applications can be completed without visiting us. You submit your application online through our website, and we’ll contact you to confirm your details. We then send your application to our loan providers. They send their offers to you by email. When you choose the offer you want, you can confirm it online. We’ll deliver your new Acura to your home or office and bring the final paperwork for you to sign directly to you.
Improve Your Credit Score
If you have a high credit score, banks or credit unions are more likely to offer you a loan. If you don’t meet their credit score requirements, they’ll reject your application. There’s no appeal, even though you can prove you can easily make the loan repayments. There’s no other option but to choose another institution and start your application process again.
Our credit providers are more understanding and can offer you a loan you can afford, even if your credit score isn’t as high as you’d like it to be. As you make your loan repayments, you’ll improve your credit score.
Contact our finance department today at Open Road Acura of Wayne in Wayne, NJ.
Connect with us
