Bad idea to apply for financing before going to dealer? : r ... - Reddit

Doing the finance application online is going to save you the 5 minutes it takes for your sales rep to enter when you're at the store. The finance department isn't going to start working on your …

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Does 0% APR Actually Work? What's The Catch?

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Dec 5, 2024 · Financing 0% is a great deal in many cases, because the depreciation hits you if you finance or not, so better to get the zero and just eat the depreciation. I would do it for …

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Is Financing A Car Through The Dealership Always A Bad Idea?

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FWIW, I bought a new car last month and did dealer/Toyota financing. Toyota was offering 2.99% and the credit union nearly 7%. Where dealer financing can be an issue is if you haven't …

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FAQs about Bad idea to apply for financing before going to dealer? : r ... - Reddit Coupon?

Should you apply for a car loan before going to a dealer?

When you apply for a car loan before going to a dealer, you have a better chance of getting the best loan terms, including more competitive rates. Dealerships shop your loan around to partner lenders or work with a captive finance company. ...

Why does a dealer want you to finance a car?

There are two main reasons a car dealer wants you to finance them. They can profit from the interest on a car loan, and they can receive kickbacks for acting as a middleman for you and the lender. Which is better bank financing or dealer financing? ...

Should I tell the dealer I have financing?

In many cases, it can be a good idea to tell the dealership you have your own financing for a car lined up because it could mean a better deal for you. But, timing is everything – when you tell the dealer about your pre-approval is key if you're looking for the best deal you qualify for. When ...

Should I shop for car financing before going to the dealership?

Arranging car financing before visiting the dealership is the best way to protect yourself. This will give you a base rate they will have to beat in order for you to finance through them. It's a simple method that works wonders. ...

Should you apply for financing before buying a car?

“I always suggest that you apply for financing with your bank or credit union before you go car shopping,” says Michael Bradley, fleet internet sales manager at Selman Chevrolet in Orange, California. “Then let the dealer try to get you a better rate than you already have.” Arranging financing first can help you avoid overpaying for your car. ...

Is dealership financing a good deal?

Dealership financing can be a good deal, but you need to know exactly what you're getting into. A car dealer is not there to do you any favors. I'd recommend checking out your local credit union and see what you qualify for before even shopping for a vehicle. I take it you mean using the dealership versus going to a bank first? ...