You have multiple financing options when looking to buy a new car. You could go to a bank, credit union, online lender, or your Lincoln dealership. They all have benefits, but financing through your dealership has the most benefits for the most people.
5 Reasons to Finance Your 2025 Lincoln at Your Lincoln Dealership
1. It Provides Financing Options for More People
Getting a loan from a bank or credit union isn’t accessible for everyone, as these places often have strict criteria people need to meet to be approved for a loan. If your credit isn’t absolutely excellent, then you may not meet all the criteria to be approved for a loan through a bank or credit union.
Dealerships have less strict criteria you need to meet for your application to be approved. For this reason, dealership loans are more accessible than bank or credit union loans in many cases. If your credit isn’t in good enough shape to be approved for a loan through a traditional financial institution, then financing your new luxury Lincoln through the dealership may be more feasible.
2. It Has Great Incentives
There are certain incentives that people with excellent credit scores may like when considering dealership financing. Sometimes dealerships run promotions where people who buy a specific vehicle may be able to get a car loan with zero percent APR or another extremely low amount of interest. You need a high credit score to qualify for promotions like these.
3. It’s Quick and Convenient
When applying for a loan through the dealer, you can fill out a credit application online, and that’s all you have to do. The application will be sent to numerous lenders, so you don’t have to shop around the way you would have to when trying to secure financing from a traditional financial institution or online lenders.
4. It’s a One Stop Shopping Experience
If you’re preapproved for a loan from your dealership, then you only have to make one single trip. You can drive your old vehicle to the dealership, trade it in, pick up your new car, sign the financial paperwork, and then drive home in your new Lincoln. It’s a fantastic way to save time and simplify every aspect of selling your old car and acquiring a new one.
5. It Doesn’t Limit You
Your options are sometimes limited when you’re applying for financing through a bank or credit union, as sometimes these institutions have pre-existing relationships with certain dealerships. You then have to pick a vehicle from one of these dealerships. The dealerships within the lender’s network won’t always have the vehicle you want in stock, so you might prefer to pick a car first and then apply for financing through the dealership selling the car.
Come to Don Franklin Lincoln in London, KY to check out the vehicles we have in stock. Fill out our credit application online to get started.
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