If you're car loan shopping in the Billings area, you'll have the choice of financing through either a bank or a dealership. But which is the best place to get a car loan? The finance team at Underriner Volvo is here to help you learn all about the differences between financing with a bank vs. a dealership so you can decide which is the better choice for you.

Where to Get a Car Loan: Dealership

Choosing to finance through the dealership where you are buying the car offers some benefits that you won't necessarily get when working with a bank. These include:

  • Dealerships work with many lenders, so you'll have several financing options from which to choose.
  • The in-house finance specialists at a dealership can provide advice on leasing vs. buying, as well as how to refinance a car loan.
  • A dealership like Underriner Volvo offers convenient online tools to value your trade-in and apply for financing.
  • Dealerships are more willing to provide flexible options for buyers with bad credit or no credit at all.
  • The financing and lease specials at a dealership can help you get the best available deal.
  • At a dealership, you'll have the opportunity to negotiate your down payment and loan or lease terms.

Where to Get a Car Loan: Bank

If you opt to deal with your local Bozeman-area bank, you may find that it can often be more difficult to secure a loan if you have a low credit score. It's a good idea to find out what kind of deal your dealership can offer before consulting your bank. This will give you a clear picture of which is the best place to get auto financing. Some benefits to getting a car loan from a bank include:

  • The pre-existing relationship you have with your bank can work in your favor.
  • A bank tends to offer set interest rates.
  • You may be able to secure a more flexible payment schedule with your bank.

Learn More About Your Financing Options at Underriner Volvo

Ready to get behind the wheel of a brand new Volvo sedan, SUV, or wagon? Stop by Underriner Volvo near Shepherd and find out what our finance specialists can do for you today. We are happy to walk you through all of your financing options. Check out our current offers and incentives to make sure that you get the deal that is the right fit with your budget!