Best Strategy To Finance 2 Cars At Same Time, Same Dealership

[Anonymous]

Hello Forum Members,

Seeking advice from anyone who has experience or who understands auto lending, on best strategy to finance 2 cars for my children. Looking to finance 2 cars, approx. $20K each, within the next few weeks. Is it best to: 1) try and finance at the dealership, like Honda Motor or Toyota Motor, GMAC, etc. for the best deal/rate, versus bank (I don't belong to a credit union - are there any good ones that will finance without being a member, or those who have an open membership?); 2) can one loan cover both autos, or would there need to be separate loans: and 3) if separate loans, which I'm thinking would be required for lienholding, would those be individual inquiries, or just one?

Thanks in advance for your help and ideas on this matter!

[Anonymous]

I love DCU as a credit union.  Anyone can join google how to join DCU.

However your best bet might be to try the dealer and take their 2 best offers.  They don't have to tell Chase and Capital One that you are buying 2 cars.  I bought 2 from Mazda at the same time a few years ago with different lenders.

[Anonymous]

Thanks so much for your feedback. I will definitely take a look into DCU.