How do I get financing on a car that I want to special order from a dealer?

I want to get a high-end BMW with a ton of extras, such as interior options and special paint. I need financing on the vehicle, but because mine isn't on the lot, I wasn't sure how that worked. How and when do I get financing on a special order from a car dealer?

Answer
“Getting financed for a special order car isn’t necessarily different than securing a loan when you buy a car off the lot.
In most cases, the dealer will guarantee you a price on the car and give you a ballpark of what interest rate and terms may be.
Conversely, you can go to a credit union or bank and get preapproved. A preapproval will tell you exactly how much the lender is willing to give you for the purchase, as well as an interest rate that’s close or the same as what you’ll get when you’re fully approved.
However, you should still get an estimate from the dealer for your special order vehicle to ensure you have the financial resources to purchase it.
When you do find the best deal, don’t forget that your new car will need proper coverage. Use the free Jerry app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”
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Eric Schad
Answered on Jul 30, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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