Because dealerships can shop a customer's credit application to dozens of lenders with the click of a button, dealerships can usually offer better interest rates than customers can find on their own. Dealerships can also discount interest rates for their customers to meet or beat a competing offer from another lender, such as a bank or credit union. Some proposals by the federal government would limit dealerships' ability to discount loans, which would make credit more expensive for consumers.
Local Car Dealers Help Consumers Secure Competitive Financing
Real Stories about Financing with Local Car Dealerships