Definitely shop around, but sometimes the dealership does have an actual competitive offer. Especially if you threaten to use external financing (and have the pre approval in hand), they might knock down their interest rate to save the deal, as the loan is where the money actually is.
Comment on Based on a true story
Num10ck@lemmy.world 3 weeks ago
hey millenials: car dealers are not a good choice of bank. please tell your generation about credit unions: www.logixbanking.com/rates/vehicle-loans
Bassman1805@lemmy.world 3 weeks ago
General_Shenanigans@lemmy.world 2 weeks ago
That is, if they approve you at all. Their requirements are higher, which is why you would get a better rate through them. If you can’t, you may need to go through a different company with a higher interest rate. Should that be the case, it’s best to consider getting a car significantly less in cost than what you’re approved for.
Hansae@lemmy.dbzer0.com 3 weeks ago
And maybe buying something that isnt sold by a dealer…