Pinnacle Nissan Auto Finance | Scottsdale Auto Loans

Is Financing a Car a Good Idea?

Build Your Credit With A Financed Vehicle

There are many things that one can do to build up their credit score. One of the best things to do is actually to finance a vehicle. It may not seem like this would be all that helpful in the mission to build up a better credit score, but it turns out that it is.

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Financing Builds Another Line Of Credit

Financing a vehicle helps you build up another line of credit that can be read by the credit bureaus as something else that you are responsible for paying. It brings up your total amount of debt to be sure, but it also can show a consistent payment that you make on the car loan that you now have. It is something that can reflect well on your credit report in the long run.

One of the things to bear in mind is that having a car loan on your report shows that you can handle a more substantial amount of debt with care. A lot of credit card debts are just for smaller amounts of money. However, the person who manages a car payment knows that this is a more significant amount of money that we are talking about here. They don't get to the point where they are handling this kind of money without having done some work on their credit in the past.

You Can Get Something You Like

Think about the amount of time that you spend in your car. It is a relatively significant amount of time when you start to do the math on it. Why then do you not work more diligently to make sure that you have something that you want to drive around? You have to keep this kind of things in mind. Your vehicle is an investment in the ability for you to get from Point A to Point B safely. You need to have a car that will be able to do that for you safely.

Repairs on your car if you buy something outright can take away a lot of the value that you might have saved by purchasing one outright in the first place. Then you would have an ugly car that you have sunk a lot of money into. How does that help anyone at all?

You Have A Greater Array Of Options

Negotiating is a big part of buying a car. When you walk into a dealership with just a couple of thousand dollars to your name to buy something outright, you do not have a lot of room to negotiate. The types of vehicles that the dealership has on the lot for that price are merely limited. We also don't have a lot of profit margin built into a car that only costs a little bit of money. The story is different though when it comes to a vehicle that has been financed.

The financed vehicle has more wiggle room in it. There are more options for those who get this kind of car for themselves, and that means that it may once again prove to be the best choice for the person who considers themselves a savvy shopper as it were. Some people deem themselves to be great negotiators and they just like the challenge of getting the best possible deal that they can out of this situation. Perhaps that is where you stand as well. Stop by our local Nissan dealership on today to explore our available financing options.

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  • Wednesday 8:00 am - 9:00 pm
  • Thursday 8:00 am - 9:00 pm
  • Friday 8:00 am - 9:00 pm
  • Saturday 8:00 am - 9:00 pm
  • Sunday 10:00 am - 7:00 pm