Bank or Dealership: What's the Best Place to Get Auto Financing?

 Couple signing sales contract for car at dealership

Have you been car loan shopping in Irvine and wondering where to get a car loan? If so, you’re likely curious about whether you should finance with a bank or dealership. Take some time to learn more about the advantages and disadvantages of both strategies, and learn the best place to get auto loan financing. Learn more with our dedicated finance team today!

Car Loans From a Dealership 

Car shoppers in the Huntington Beach-area have options when car loan shopping. From dealerships to banks to credit unions to private lenders, it’s best to review all of your options when it comes to where to get a car loan so you can ensure you’ve truly found the best place to get auto financing. That said, each method has its pros and cons depending on your financial situation.

When you choose to finance through Jaguar Newport Beach, you’ll enjoy the following: 

  • Our expert financiers will sit down with and help you determine what the best financial strategy for your unique needs are, whether that’s leasing or financing. 
  • Our financiers are also well aware of all the specials on our lot, as well as our brand’s national rebates and incentives, so you can be sure the potential value your budget opens up for you will be absolutely optimized. 
  • Dealerships work with a variety of lenders to get you the best rates possible, meaning you’ll have plenty of room to negotiate. In fact, many dealers even offer loans to drivers with imperfect credit. 
  • It is easy to apply. You only need to fill out one form to get multiple options. 

Car Loans From Your Bank

Still wondering where to get a car loan near Costa Mesa? Many drivers shopping for the best place to get auto financing will consider a bank. If you have a pre-existing relationship with your bank, it’s possible they’ll give you a generous interest rate and you may be able to negotiate a flexible payment plan. 

That said, drivers in and around Orange should note that banks tend to be more wary to lend to drivers with low or subprime credit. Furthermore, many banks have set interest rates, so even if you have excellent credit, it’s possible that you won’t see as big of an interest reduction when financing through a bank as you would by financing through a dealership. 

Discuss Your Financing Options with Jaguar Newport Beach

Do you have any questions for our team about how we can help you take home the perfect luxury model from our online inventory at a rate that will suit your lifestyle? Don’t hesitate to contact us online today if you have any questions about financing with a bank or dealership.

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