Buying a car is an important investment—but financing it up front can be difficult. That’s why DEXSTA provides car loans in Wilmington, Delaware and surrounding areas. If you live, work, attend school, or attend worship in New Castle, Middletown, Newark, or Wilmington we’d love to help you purchase a new or used car or refinance or consolidate an existing car loan at some of the best rates in the industry.

Here Are Some of the Benefits of Choosing DEXSTA for Your Car Loans in Wilmington

We’ll Cover Your Down Payment

We can help you finance up to 100% of the cost of your vehicle—and then some. We’ll roll in service fees, taxes, and any other expenses related to the purchase of your new car, so you can get to work or school without disrupting your monthly budget. We do this because we know how difficult it can be to save up the amount needed for a down payment. Spending your entire savings on a down payment can leave you without a safety net. With DEXSTA you don’t have to do that. Keep your savings for when you need it most.

We’ll Help You Build Credit

If you have poor, or non-existing credit, taking out a car loan can help you establish good credit. Good credit is important if you ever plan to buy another car or purchase a home. Not only can it help you take out the loan or mortgage in the first place, but it can determine the rate that is available to you. For many lenders, good credit means a FICO score above 700, with the best rates available to those with scores over 760.

Getting to those numbers, however, is no easy task. The average American has a credit score between 670-739, and many have scores even lower. If this is the case for you, this may make it difficult, or expensive, for you to take out a loan now or in the future. Thankfully, establishing a line of credit can help you to build up yours. Start with a car loan at DEXSTA, make sure you make your payments on time, and you’ll be on your way to better credit.

You Can Free Up Money for Investing

Whether you are just starting a savings account, or you have a complete investment portfolio, using a large sum of cash to purchase a vehicle may take away from other savings or investment opportunities. For example, if you use your savings account to buy a car, you’ll now have to build back up your savings account before you can invest in other opportunities such as certificates, IRAs, or ESAs.

Though a car may be an important investment, it’s also important to plan for your future and save for your retirement. Especially considering that the earlier you start, the more prepared you’ll be later. Choosing to get a car loan in Wilmington can help you free up money for other investments.

DEXSTA Federal Credit Union provides car loans in Wilmington, Delaware and surrounding areas. Check out our current interest rates and use our loan calculator to estimate how much your monthly payments will be. Then apply online or stop by one of our branches to open your account. We’d love to help you purchase a new or used car, or help you refinance an existing one.