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 like what is a lease buyout and how does trading in a financed car work or 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 GLS Interior

    If you’re shopping around for a luxury vehicle to enhance your Cincinnati drives, consider the 2021 Mercedes-Benz GLS. The Mercedes-Benz GLS interior offers premium features and amenities that’ll make you feel right at home – even during the longest dries beyond Mason. Explore our inventory to find the new Mercedes-Benz GLS 450 that checks off…

  • 2022 Mercedes-Benz EQS Interior

      Are you eager to see the newMercedes-Benz EQS? So are we! The upcoming first fully electric luxury sedan from Mercedes-Benz EQ promises to provide advanced carbon-friendly efficiency paired with all the style and comfort you’d expect. What we’re really eager to see is the beautiful Mercedes-Benz EQS interior. It will be packed with enough…

  • 2021 Mercedes-Benz Metris Interior

    If you’re looking for a van that has an abundance of class-leading features and comfort, it’s worth checking out the Mercedes-Benz Metris. The Metris is packed with class-leading features and is spacious for both the driver and passengers. Top it off with best-in-class cargo capacity, and there’s not much not to like about the Metris….

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-7pm

Mercedes-Benz of West Chester 39.3196347, -84.4292915.