Valued Contributor
creditnocash
Posts: 2,245
Registered: ‎07-23-2012
Re: New Car Loan - Not Current Bank Customer

usually you do not. 

the bank i work for alot of the customers that have bank auto loans have no other accounts with us. 

but we do not offer loans from a branch they are usually shopped around by the dealer and given the best rate we get the loan and the consumer ethier pays online or comes in the branch to pay it. 

 

if you buy a new car (with financing the dealer will shop around)but my fico sees auto loan inquries as one if you do it within a two week window. 

 

so if you have your heart set on a car and go to a few dealers. 

usually when they have the 0% percent specials for 3 years or something or other like that if you want to do 5 i think its like 1.99 percent or something like that. 

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