Why You Should Finance Your Next Car Loan At DCFCU

When shopping for a new set of wheels, your first stop should be Dade County Federal Credit Union (DCFCU). While many people start at the dealer’s lot, you’ll enjoy a lower rate, a simpler loan application, and other big benefits when choosing to finance your car at DCFCU.

Let’s take a look at the differences in the auto loan process.

Financing an auto purchase at a car dealership

At a dealer’s lot, the dealer will likely try persuading you to push your self-imposed car budget to the max or even to go over your ceiling price.

But, if you’re financing your car through the dealer, that’s only the beginning. Once you’ve chosen your car, you’ll need to submit a complicated auto loan application form, which the dealer sends to the finance companies it partners with. This can include lenders and financial institutions – even Dade County Federal! The dealer will then share the lender offers with you and ask you to make your choice.

However, in most cases, the dealer is only the middleman. This means they are going to present your options in a way that most benefits them – and not you.

Most lenders will pay a larger commission for a car that is sold at a higher price and for a loan that is established at a higher APR. As a result, your dealer will always try to get you to sign up for a loan that is more expensive than what the lender is actually willing to offer you. Even a fantastic offer from DCFCU will be presented as higher than it really is, or may not be presented at all.

Financing an auto purchase at Dade County Federal Credit Union

When you work with Dade County Federal Credit Union, you’ll be dealing with people who know who you are and what your financial reality is like. No one will try to push you into a loan you can’t afford.

One of the biggest advantages you’ll have when looking for a vehicle through Dade County Federal is the Dade Auto Desk (D.A.D.). The Dade Auto Desk is an exclusive auto-buying service for DCFCU Members who will search for the exact vehicle you want and fight for the best price for YOU. Since you will be working directly with the lender, you will only hear the actual rate we offer instead of the marked-up rate the car dealer presents to you. The D.A.D. team will also waive any dealer fees and receive any rebates and incentives just as would at the dealership, without ever leaving your home.

For more information about DCFCU’s Dade Auto Desk or to make an appointment today!