Do car dealers offer car loans?

I've been reading that credit unions and banks are the best places to get a car loan, but I don't want the hassle of applying. Do car dealers offer financing as well?

Answer
Most car dealers offer car loans, allowing you to shop around even more for the best rate!
While credit unions historically offer better interest rates, both banks and dealers have promotional deals to entice new borrowers. Some dealers may even offer loans with interest rates as low as 0% or 0.9%. So it’s definitely worth your time to shop around.
In addition, some dealers work directly with banks and credit unions to find a rate, especially if the dealer doesn’t offer in-house financing. Therefore, you should ask the dealer if they work with local credit unions or banks as this may simplify the loan process.
After you find the car you want, remember that whatever lender you choose will require full coverage auto insurance. So just as you would with a loan, make sure to shop around for car insurance with the Jerry app. Sign up in just minutes to find rates from over 50 top car insurance companies.
Eric Schad
Answered on Nov 16, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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