Why You Should Consider Financing Through Your Used Car Dealership

The first step for most people in purchasing a used car or truck is to secure financing. For years there has been a stigma about getting financing directly through the car dealership you wish to purchase from. A lot of potential used car owners shy away from this route as it has been labeled wrong in the past. It is important for you to consider all options while looking for financing for your used car and here is why you might want to consider going directly through your used car dealership now that we’re in 2020.


  1. Options – Used car dealerships are open to many more financial lending options when it comes to helping you secure financing. Most dealerships have preferred rates with lenders and bigger banks as they have a trusted on-going business relationship with them. It is widely believed that used car dealerships go to their “guy” for financing and not necessarily looking around for the best rate for you as a potential buyer. Not the case. They really are looking for the best deal for your situation.


  1. They deal with all credit types, all the time – We aren’t going to sugar coat this. Having bad credit can be embarrassing or at the very least an uncomfortable situation for all parties involved when trying to secure financing for a used car or truck. The good news is that used car dealerships are used to dealing with all credit types and know the best route for each. Yes, there is always going to be a better deal for someone with perfect credit, but that is not the majority of the people in Ontario. Let your used car dealership get to work on finding you the best possible situation instead of the possibility of being denied by multiple possible other vendors. You can easily start the process of being pre-approved by filling out online applications without having to face anyone in person. This helps ease any anxiety you might have regarding whether or not you will be approved.  


  1. Motivation - Used car dealerships want to make sure you are getting the best deal possible as they too also want something out of this transaction. A sale. They want to make sure they are presenting you with the best deal they can find in order to make the sale and put food on their table. If they can’t find a good deal or one you agree with, you have every right to walk away. This isn’t a bargaining game anymore. People just want to get down to business and lay their best deal possible on the table. 


In 2020 used car dealerships are changing the way they are viewed by the public. The reputation of dealerships like Tip Top Auto and other fine dealerships are paving the way for a new way of purchasing a used vehicle and financing it in one stop. If you have any questions regarding securing financing for a used vehicle in Oshawa, Bowmanville or the surrounding area reach out to us! We will happily answer any questions you have.

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