Dealer vs. Bank Financing

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Should I finance through the dealer or the bank?

Dealer vs. Bank Financing

If you are in the market for a new car, chances are you'll need to finance a portion of the purchase price. If leasing is not an option for you, there are two avenues you can pursue: dealer financing and bank financing.

While dealer financing generally is at higher rates than you can get if you shop around at your local lenders, it does offer several benefits. Dealer financing offers convenient, one-stop shopping. Dealers are also able to offer you a variety of financing options thanks to their multiple backend relationships with lenders. And, very often, dealers offer special, low-rate financing on new car loans to customers with good credit.



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