Services
PriceProtect™
DriveShield™
GarageGuard™
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Home Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Recent Studies
Comprehensive Data Reports
Reviews
About
FAQ
MenuIcon
BACK

Can a car dealer change your lender without warning?

Can a car dealer legally change the lender without telling you? I got a letter today saying that the dealer had changed the lender for my car loan.

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Whether or not the dealer can change the lender depends on the contract terms.
If you used in-house dealer financing, they may have just sold that loan to another lender to get some capital. This is a common practice in both the car and mortgage loan industries.
However, you can take legal action if they changed your lender without notifying you or without that language in the contract—but it may not be worth the time and hassle.
If your new
car loan
 amount remains the same, there’s no reason why you should pay hundreds or thousands of dollars to a lawyer just to pay the same amount of money to a different lender.
The bottom line: Check the terms in your contract. Chances are that the dealer simply sold your loan and it’s not a huge deal.
MORE:
What to Do if You Are Scammed by a Car Dealership
Car LoansCar DealersCar Financing
View full answer 
Jerry user testimonial avatar
rating primary
“My experience with Jerry has been absolutely incredible. It took my car insurance from about $400/month to about $80. The entire experience is seamless.” - Gregory R.
Lower my car insurance too
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

card cover

How to Write a Car Loan Surrender Letter

If you can’t keep up with your loan payments, you can write a car loan surrender letter to your lender to voluntarily surrender your vehicle.
avatar
R.E. Fulton
card cover

How Long Does it Take to Get Approved for a Car Loan from a Dealership?

Going to the dealership might not be a one day trip, especially if you're planning on applying for a loan. But there are things you can do to speed it up.
avatar
Marisol Pereira
card cover

Everything You Need to Know About Defaulting on a Car Loan

Defaulting on a car loan can do serious long-term damage to your credit and you may even lose your car. Luckily, there are a few ways to avoid a costly default.
avatar
Matt Terzi

Read Advice From Car Experts At Jerry

card cover

Can You Get a Discount For Having a Dash Cam?

There is no such thing as dash cam discounts, but dash cam footage can prevent a rate hike if a claim is filed against you.
avatar
Kianna Walpole
card cover

Polk County, MO Property Tax

The Polk County, MO property tax rate is 0.59%, making property taxes in this county in line with the national average.
avatar
Melissa Harvey
card cover

How to Recognize (and Survive) Roaches in Oklahoma

Oklahoma cockroaches can wreak havoc on your home, but you can prevent most infestations by sanitizing your spaces and sealing off cracks.
avatar
Abbey Orzech

What Others Are Asking

How do I play music via Bluetooth in a 2009 Ford Fiesta?
I just snagged a sweet used Ford Fiesta after my Focus was stolen from my garage! I like to have some good tunes while I drive, but this Fiesta is pretty old. How do I play music via Bluetooth in a 2009 Ford Fiesta?
avatar
Jason Tushinski
How do I delete a Bluetooth device from a Ford Ranger?
I have a new Ford Ranger with a SYNC system, but I’m lending it to my brother for the winter. I’m getting everything cleared out for him and thought I should delete my phone from Bluetooth. How do I do that?
avatar
Brittni Brinn
How do you connect Bluetooth in a 2013 Ford Escape?
I just bought a used car and I’m having trouble getting my phone to connect. How do you connect to Bluetooth on a 2013 Ford Escape?
avatar
Amber Reed
Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

    Insurance In Your City

    Easiest way to compare and buy car insurance

    √
    No long forms
    √
    No spam or unwanted phone calls
    √
    Quotes from top insurance companies
    Find insurance savings
    Car Insurance by Make
    Audi
    BMW
    Dodge
    Ford
    GMC
    Honda
    Hyundai
    Jeep
    Kia
    Lexus
    Mercedes-Benz
    Mitsubishi
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Model
    Chevrolet Silverado
    Chevrolet Malibu
    Ford Escape
    GMC Sierra
    Honda Accord
    Honda Civic
    Hyundai Tucson
    Jeep Cherokee
    Jeep Wrangler
    Kia Forte
    Mazda 3
    Nissan Altima
    Subaru Outback
    Subaru Crosstrek
    Toyota Camry
    Toyota Corolla
    Toyota Tacoma
    Toyota Highlander
    Toyota Rav4
    Volkswagen Jetta
    View all
    Car Insurance by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Insurance by City
    Austin, TX
    Boston, MA
    Charlotte, NC
    Chicago, IL
    Columbus, OH
    Dallas, TX
    Denver, CO
    Houston, TX
    Indianapolis, IN
    Jacksonville, FL
    Las Vegas, NV
    Los Angeles, CA
    Nashville, TN
    New York, NY
    Philadelphia, PA
    Phoenix, AZ
    Portland, OR
    San Antonio, TX
    San Francisco, CA
    Seattle, WA
    View all
    Car Loan by Make
    Audi
    BMW
    Chevrolet
    Ford
    GMC
    Honda
    Hyundai
    Kia
    Lexus
    Nissan
    Mercedes-Benz
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Company
    AAA
    Allstate
    Aspire Advantage
    Assurance America
    Bristol West
    Commonwealth
    Dairyland
    Encompass
    Infinity
    Kemper
    Mapfre
    Mercury
    National General
    Nationwide
    Plymouth Rock
    Progressive
    Safeco
    State Auto
    Travelers
    Car Loan by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Repair by Service
    AC Compressor Replacement Cost
    Battery Replacement Cost
    Fuel Injector Replacement Cost
    Fuel Pump Replacement Cost
    Ignition Coil Replacement Cost
    Oil Change Cost
    Oil Pan Replacement Cost
    Power Steering Fluid Service Cost
    Rotate Tires Cost
    Spark Plugs Replacement Cost
    Timing Belt Replacement Cost
    Valve Cover Gasket Replacement Cost
    Water Pump Replacement Cost
    Wheel Bearings Replacement Cost
    View all