How Hard Is It To Get A Car Loan With A Bank?

How hard is it to get a car loan with a bank? Getting a car loan from a bank can be one of the hardest routes to go. I would say that it is the hardest loan to get. Banks don't offer the best rates. You...

I would say that it is the hardest loan to get. Banks don't offer the best rates. You can find a better loan online. You are going into a large manual process. You are captive to them at this point. They have all the control when you are in there office. Best rates are through direct lending online and you have the opportunity of choice. We offer value and comparison.



When you go to the dealership you deal with indirect financing. When you finance with the dealership a few things happen: One, most dealerships will make money off of your financing; it is built into the interest rate that you are paying. They will take your application, review it, and send it to three, four, or five lenders and their decision will be sent back to the dealer. They then have a choice to make and see what deal they can sell you and make the most money off of. The consumer confederation of America, in a publication that came out in 2003, says that rates are marked up over $1,500, and consumers think that they are getting the best deal. If you don't put effort into buying a car, and go into the dealership with knowledge, you are going to get taken.


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