Bank or Dealership: What's the Best Place to Get Auto Financing?

happy couple with car dealer in auto show or salon

When you’re shopping for a new vehicle, you want to make sure you have a great experience all around. From easy approvals to favorable rates and terms, finding the best place to get auto financing can make a big impact on the car buying process and your long term budget. You’ve explored the Mercedes-Benz price list and found the right model for your budget, but where is the best place to get a car loan? Today, we’ll dive into that topic and explore what your options are in the Monroe area!

Where to Go Car Loan Shopping

When car loan shopping, you’ll have two main choices for your auto loan needs:

  • A bank
  • The dealership where you’re purchasing your vehicle

Both of these options offer different sets of benefits for Mason shoppers.

Auto Financing With a Dealership

If you’re not sure where to get a car loan, the dealership where you purchase your vehicle is a great place to start. The benefits of financing at a car dealership include:

  • Dealerships have multiple lenders that are competing for your business, which can lead to a better term or rate from one vs. another.
  • You may be able to take advantage of financing incentives.
  • There’s the possibility of negotiating your down payment when financing with the dealership.
  • You only need to fill out one form to get multiple options vs. needing to apply over and over again when shopping banks on your own.
  • Some dealerships work with buyers with low, no, or bad credit.
  • Dealers can help you determine if leasing vs. buying is right for you.
  • Dealers can help with questions about car insurance coverage.

Auto Loans From Your Bank

Another option when car loan shopping is to try your bank. We still recommend speaking with a dealer, as they may be able to secure a better rate, thanks to their network of lenders. Additionally, you may have a harder time getting approval from a bank if you don’t have great credit. Despite this, there are some benefits, including:

  • There are often set interest rates.
  • A pre-existing relationship with your bank could benefit you.
  • You may be able to set a flexible payment schedule.

Explore Your Financing Options at Mercedes-Benz of West Chester

To discuss your financing options further, get in touch with the finance team at Mercedes-Benz of West Chester! We can answer your questions, or work to help you get pre-approved in West Chester!

More From Mercedes-Benz of West Chester

  • 2021 Mercedes-Benz GLC Dimensions

    The Mercedes-Benz GLC dimensions provide the balance Cincinnati drivers are searching for. The cargo area can expand up to 56.5 cubic feet, and there is plenty of room for up to five passengers in the cabin. Meanwhile, the exterior dimensions ensure the GLC remains compact and easy to maneuver on crowded Oxford streets. Get the…

  • 2020 Mercedes-Benz Sprinter Dimensions

    When you need a work vehicle that won’t let you down on the Cincinnati and Oxford roads, there’s nothing like a Mercedes-Benz cargo van to get the job done right! The latest Mercedes-Benz Sprinter dimensions showcase impressive capabilities, along with the stellar performance and luxury amenities that you’d expect from Mercedes-Benz. Plus, the Sprinter is…

  • 2020 Mercedes-Benz Price List

    Dreaming of getting behind the wheel of a new Mercedes-Benz in Cincinnati, but having a bit of trouble finding the model that will best suit your unique budget? Consult this comprehensive 2020 Mercedes-Benz price list from Mercedes-Benz of West Chester! We’ll help you determine which model or models will best suit your needs. We even offer a rotating…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us

(513) 870-1000

Call Now

5897 Muhlhauser Rd • West Chester, OH 45069

Get Directions

Today's Hours:

Open Today! Sales: 9am-5pm

Mercedes-Benz of West Chester 39.3196347, -84.4292915.