If you’ve recently applied for an auto loan through your bank and were turned down, you still have options. One common question car buyers ask is whether a dealership can offer financing when a bank cannot. Here at Nelson Auto Center Chrysler Dodge Jeep Ram, our finance center can assist those in the greater Fargo, ND area around places like Fergus Falls, and Detroit Lakes, MN and Wahpeton, ND, as we can help you secure financing through the dealership.
Typically, when you finance at a dealership, you aren't borrowing directly from the dealer. Instead, the dealership partners with a network of lenders, such as banks, credit unions, and automotive finance specialists, to secure a loan tailored to your needs. This method, known as “indirect lending," enables lenders to evaluate factors that a standard bank might not consider.
While banks might have strict guidelines for auto loans, here at our dealership we will work with you and provide you with auto loan options that may help you get behind the wheel of a vehicle, particularly if you have issues around a low credit score that might impact your ability to get a standard loan. We have that added flexibility and will look into more factors to help you find the right fit.
Dealership financing offers convenience by allowing you to select a vehicle and arrange funding at the same location. Since places like ours here at Nelson Auto Center collaborate with various lenders, they can compare options for your application, which may improve your chances of approval.
Whether it's a new Chrysler, Dodge, Jeep or Ram or it's a used car, we can highlight the options and provide more information about how you can finance directly with the dealership. To begin, contact us today to find out more.