Auto Finance Guide and Car Loan Tips

Trust Dealer Financing?

Auto finance tips and advice when financing a car, truck or SUV.

Car dealers want you to believe that you must finance a vehicle through the dealership you buy it from.  This is false, financing automobiles was an afterthought of car dealers.  They didn’t even have finance departments until a few decades ago. Recognizing an opportunity, finance departments were added to dealerships to bring in much-needed profit to their business models.

Another misconception is assuming a car dealership finances the vehicle. The dealer does not approve or deny you a car loan.  All they do is arrange financing for you with the many banks and lenders they partner with.  The lender is the one that ultimately determines if you will be approved for a car loan and at what interest rate.