The typical car financing deal involves getting a loan from a financial institution. But, applying for financing at the bank can never be the best option when looking to buy a car in Singapore. Anyone can opt for in-house car financing services singapore, taking out a car loan from a dealership directly.
Finance with a car dealership
Financing with a car dealership in Singapore rather than in the bank has many advantages. What is in-house financing food for when getting a financing deal with poor credit? Getting approval in-house is easier than getting in a bank. In-house financing is a great option if you have suffered damage to your credit score in the past.
Why choose in-house financing?
In-house financing is borrowing money from the car dealership. You apply for a loan and interest payments to the car dealership where you get in-house financing. To finance directly with the car dealership offers a lot of benefits. What makes it happier when getting in-house financing is that the dealerships offer you the chance of driving the car to your home.
The car dealership works harder to customize a lease agreement that fits your budget. Here are the advantages of getting in-house financing:
- Credit-building opportunity
- Extended warranties
- Easier pre-approval
- Flexible interest rates
Generally, even dealers that do not order direct financing work with multiple lenders and get the best deal.
How is in-house financing doing in your credit score?
Drivers with bad credit scores can still have the chance to buy a car. Getting a car loan is easier in-house than from the bank. The dealership is more lenient in viewing your financial situation. If you work to rebuild your credit? Then, choose in-house financing.
Making timely payments on a customized car loan goes a long way in pushing your score back up. Extend your original warranty using in-house financing.
Who can apply for in-house financing?
Anyone can apply for in-house financing. Whether you have a poor credit score, the car dealership still gives you the chance to get your vehicle. There are a lot of people dreaming of owning a car, yet can’t afford it on a cash basis. Thankfully, the in-house financing option offers the public the best car financing services:
- New and used car financing
- COE financing
- In-house car loan
- Hire purchase loan
Pick your choice of in-house car financing option from Zion Auto. Make a loan with this easy and fast approval car financing option in Singapore.