Where should I get a loan from for my vehicle?

Is it better to get an auto loan from a bank or dealership?

It is time to purchase a new vehicle which can be both an exciting and stressful time. You are looking at financing your new vehicle, but you are questioning, “is it better to get an auto loan from a bank or dealership?” You have come to the right place. While we will not specifically answer this question for you, we will give you things to think about with both options so that you can make an informed decision.

Should I finance at a dealership?

Financing at a dealership is quite similar to financing at a bank. The biggest difference is that someone from the finance department at the dealership will do the work for you. Once you pick out your vehicle, you will fill out some paperwork at the dealership, and they will send your information to multiple lenders. It is important to note that sometimes dealerships will work with lenders to get a higher interest rate so that the dealership can get paid for doing the work.