That is correct. You apply for the loan first and once the loan is approved, the money is deposited into your bank account. You then write a check for the full amount to the car dealership and you only make payments to your bank. This is a much better route because you have a chance to shop for better interest rates.
You have the right to have a car financed through whatever bank you chose. It is always a good idea to find the lowest rate you can find and then go to the dealer. The dealer may be able to beat that rate but you never know. Should you go with another bank, they will either cut a check directly to the dealer or write you a check. Either way works fine.
八月 5th, 2009 at 6:16 上午
That is correct. You apply for the loan first and once the loan is approved, the money is deposited into your bank account. You then write a check for the full amount to the car dealership and you only make payments to your bank. This is a much better route because you have a chance to shop for better interest rates.
八月 5th, 2009 at 6:43 上午
You have the right to have a car financed through whatever bank you chose. It is always a good idea to find the lowest rate you can find and then go to the dealer. The dealer may be able to beat that rate but you never know. Should you go with another bank, they will either cut a check directly to the dealer or write you a check. Either way works fine.