When the auto-partplace.com team decided to choose an auto loans vendor, we decided to provide only the best...
Lenders verify if you have had a auto loan before. If not, even with a high credit score, you may end up paying a higher APR, or you can get rejected. You can have a high score and if your current debt load is high, they might reject you. Compared to bank auto loans, which can run about 2 percentage points higher, dealership-financing rates are certainly enticing. However, did you know that some dealers offer a substantial rebate if you pay cash rather than take out an auto loan? For this reason, when you are shopping for the best "deal," don't overlook your bank as an economical financing source.
