Vehicle Financing

Vehicle Financing

Every year, consumers purchase 15 to 20 million new cars and trucks. More than 80% of those purchases are financed, often at the dealership. Access to affordable financing is critical for consumers, dealerships and manufacturers alike.

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.


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