Master Types of Auto Financing Solutions Saving Thousands
Bank or Credit Union Loans
Securing a loan through a bank or credit union can often result in more favorable interest rates compared to dealership financing. Credit unions, in particular, are known for offering competitive rates and personalized service. By obtaining pre-approval from a bank or credit union, you can enter the dealership with a clear budget and stronger negotiating power. Additionally, credit unions may offer special promotions or lower rates to their members, potentially saving you thousands over the life of the loan2.