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You prefer dealer (inside) loan or bank (outside) loan?

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flawlessly
Established Member

You prefer dealer (inside) loan or bank (outside) loan?

Hi all,

 

I'm new here to the fourm, just started from last year buying scores from MyFico.com, which I found it's the only place that I trusted and motorvited site. Now, I did reserached a little and found out people using their credit scores to by a car with lowinterest rate, I wonder you all prefer car dealer auto loan or apply for the loan yourself, like your bank from saving account.



Current Score: 813 TU (10/22/2015)
Current Score: 823 EX (10/22/2015)
Current Score: 840 EQ (10/22/2015)


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Anonymous
Not applicable

Re: You prefer dealer (inside) loan or bank (outside) loan?

Depends on the APR, incentives as well as your credit.  If the dealer/manufacturer is offering 0% or 1.99% or some rediculously low number, and you can qualify, then that is where you want the loan.  But if there isn't a low offer at the dealer, using your established banking relationships (like a good Credit Union) may be a better option.
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