Buying a new car can be stressful, but it doesn’t have to be. At Bryant Motors we try and keep it simple by giving customers financing options that work for them.
When purchasing a vehicle you can go one of two routes: dealership financing or direct lending. With dealership financing, you have the convenience of completing your entire car purchase in one location. However, if direct lending from a bank or credit union suits your needs, then Bryant Motors will work with you to make your next vehicle purchase as smooth as possible.
Dealership Financing at Bryant Motors
Unlike other dealerships, the process of buying a new or used vehicle at Bryant Motors is pretty simple. Customers pick a car they like with help from one of our friendly sales staff, take a test drive to make sure they are happy with their choice, and from there begin to discuss the financing options offered at our dealership.
When the customer is happy, we’re happy. So we offer financing for up to 84 months and compare 8-10 lenders to find the best rates. Bryant Motors does its best to offer the lowest interest rates possible, oftentimes matching or beating the rates of banks or credit unions. Once a credit statement is filled out and submitted, the entire approval process only takes about 30 minutes.
While customers wait for approval, our office will be busy preparing the sales paperwork and making sure your vehicle is cleaned and ready for the road. Once approved, all that is needed is a few signatures to complete the transaction. We aim to have the entire process complete in about an hour.
With direct lending, customers may shop around and speak directly to third-party lenders about loan terms and rates. This allows for customers to compare credit terms independently. Once a third-party lender has approved a loan, the funds from that loan can be used for the car purchase. Knowing your loan terms and rates before shopping for a vehicle may help narrow your search when making your auto purchase.
Whether you choose dealership financing or direct lending, you’ll still get peace of mind when buying from Bryant Motors. All our used vehicles are “CARFAX-ed,” and vehicles with less than 100,000 miles receive a free powertrain warranty for 3 months/3,000 miles. We do our best to make sure our customers are happy by making sure each vehicle that leaves our dealership is maintained to the highest quality.
Financing: Words to Know
Be confident during your next vehicle purchase. Before you get to the negotiating table, make sure to review the financing terms that will be used. Below is a quick guide to financing terms that you may encounter:
Applied Percentage Rate (APR) – This is the annual rate of interest, which includes all fees. This term can be confusing, but know that the APR of an auto loan is negotiable.
Assignee – This is the third-party lender that purchases the vehicle contract through direct lending.
Credit Report – A document that informs lenders of a borrower’s previous credit history. Credit reports are filed prior to both dealership financing and direct lending.
Down Payment – This is the initial payment upon purchasing a vehicle.
Monthly Payment Amount – This is the amount of money due each month on a loan. When purchasing a vehicle it is important to have this number in your mind when considering your budget.
Negotiated Price of Vehicle – This is the vehicle cost after accounting for special savings or rebates offered by a dealership. These savings should be reflected in the contract.
Term Length – This refers to the length of loan, which is normally discussed in terms of months.
If you’d like to learn more about purchasing a vehicle or financing at Bryant Motors, contact one of our friendly sales representatives. You can also browse our vehicle selection online before coming down to our car lot at 2901 South Limit Ave. in Sedalia. We look forward to seeing you there!