I almost applied for a car loan online until I called Ford and asked them how it works. If you apply online you can only use the dealer where the car is you like. Also they cannot adjust payments the dealership has to.
I am so lost!! I was told its better to go to a bank first and get finance before going to a dealership. Please advise. By the way I cannot get into a credit union. Everyone keeps telling to do that first. Thats not an option. Should I just start at the dealership?
When you say you almost applied online, do you mean CapOne blank check type of loan? You just negotiate your best price with the dealer and whip out the check and pay them with it. It is good to have financing set up before you go in, but not always critical.
You can apply to as many companies as you want within 14 days and have it only count as 1 inquiry.
I have always used Dealership financing and everytime received a better rate through them then anyone else would have given me.
My advise is not what others give, but I always had good luck with dealerships. With my first new car purchase my credit score was about 650, they quoted me 8.99% and I signed with 5.99% on an $18K loan with No money down.....
Mortgage Lenders Mid-Score 778 I AM A HOMEOWNER!!!!! 30 Year 5% Fixed Rate, closed on 3/18/09