The BMW finance process doesn’t have to be overwhelming — and it won’t be when you visit Fields BMW of Daytona. We’re here to answer your pressing financing questions, and to provide you with the tools and resources you need to find the right vehicle within your budget. Learn top tips for getting pre-approved for your next car at Fields BMW of Daytona.
Check Your Credit Score
Your credit score is one of the most important factors to consider when it comes to vehicle financing. It tells lenders how reliable you are to lend money to, which is why drivers with higher credit scores typically have access to more favorable terms. You want to check your credit score before submitting your application, so you know what vehicles are available to you, and so you can take the time to raise it, if possible.
Put Down a Large Down Payment
The more you can put down for your down payment, which is the amount of money you give to the dealership on the day of purchase, the more favorable your terms will be. A larger down payment means savings on the monthly payments and accrued interest costs for you over time. It also means a lower risk for the lender, which increases your chances of getting approved.
Bring In a Co-Signer
If you’re worried about getting approved, you may want to enlist the help of a co-signer. A co-signer is someone who will take over the responsibility of the loan payments in the event you fail to do so. This added layer of security for the lender means you have a higher chance of being approved.
Get BMW Financing in Daytona Beach, FL
No matter what your BMW financing needs may be, you’ll find the support you deserve at Fields BMW of Daytona. We provide tools like an easy online finance application and payment calculator to help every step of the way. Visit our dealership today to get started!