Getting an Auto Loan: Bank vs. Dealership

Before you sign the papers at the dealership, you might want to consider if you can get better interest rates and lower your payment by financing your next car through a bank or credit union.

Who Offers a Lower Rate?

Before you sign the papers at the dealership, you might want to consider if you can get better interest rates and lower your payment by financing your next car through a bank or credit union.

The Dealership

Before you sign the papers at the dealership, you might want to consider if you can get better interest rates and lower your payment by financing your next car through a bank or credit union.

Dealership Pros

Using a lender from a dealership is simple. The dealership will handle the necessary paperwork for you from the lender. All you need to do is sign.

Dealership Cons

You may not get the best rate, since many dealerships work directly with specific banks that may not have the best rates at the time you purchase your vehicle.

Online Lenders

Before you sign the papers at the dealership, you might want to consider if you can get better interest rates and lower your payment by financing your next car through a bank or credit union.

Online Lender Pros

Shopping around for the best online bank might be worth your time, since online banks typically offer attractive interest rates.

Online Lender Cons

There's no physical branch or location to turn to, in case you want to speak to someone, in person.

Top Auto Loans

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