Understanding Car Financing
Dealer financing is one of the easiest ways to buy a car. When you choose to use dealer financing, you do not need to worry about finding an auto loan on your own. The car dealer will work though it’s approved lenders to find you a company that will loan you the money.
If you have good credit, you should easily qualify for dealer financing, and often at competitive interest rates compared to the bank. The car companies may be offering lower interest rates for new cars than you would qualify for at a bank, because they often run dealer promotions to help promote new car sales.