When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

I%26#039;m talking about financing.

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

It depends on if you are buying a new car and if the manufacturer is running any special interest rates. Many are currently running 0% APR on remaining 2007 models. In this case, if there is no rebate money involved, then you would not want to go through a credit union.

The only way to answer your question would be to have the exact car you wanted to purchase as well as the manufacturer APR, any rebate cash, and your credit unions APR. If there is a choice between 0% for 60 months or $4,000 cash back, you will want to figure payments using both methods to figure out which is more beneficial. You can go to http://www.bankrate.com and use their auto payment calculator to see what the payment would be.

It%26#039;s always good to know what you credit union will offer you before you go vehicle shopping, however they are NOT always the best option. Good luck and I hope this helps.

http://www.theautoevaluator.net/Refinanc...

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

Talk to the bank/credit union before you go to the dealership to see what interest rate you qualify for. When the dealership tries to screw you with a higher rate, tell them what rate you can get and if they can%26#039;t beat it, you will bring your own financing. Sometimes they will beat it.

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

Whatever the best interest rate you can get, that is the best deal. For me, our local credit unions are higher than manufacture rates for new vehicles, but cheaper for used vehicles.

Good luck with you new car!

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

Usually a privately financed loan will be less than a dealer offering. I bought my 1971 Dodge Challenger through my company credit union and paid several thousand dollars less in finance fees than the dealer was offering. Check the rates at your credit union and/or bank, then compare them to the dealer%26#039;s pricing. Good luck!

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

credit union

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

It depends which one will give you the best interest. Check with your Credit Union first before going to the dealer.

When purchasing a car is it best to go through a credit union/bank or directly through the dealer?

Definately not through the dealer as they will always try and make you think you are getting a great deal on your car then stitch you up on the loan and finance to get more money out of you. Better to get finance before you even step on the lot.

There%26#039;s some good bank rates and Aussie Home Loans is now doing car loans as well that I think may even be a cheaper rate than that. Aussie John was on ACA saying how dodgey the dealers are. Also they apparently do second hand car loans as well as new that non of the banks actually do:

http://www.aussie.com.au/Car_And_Persona...