If I'm buying a car from a dealership and I need a loan, how does the money get to the dealership?

I've never applied for auto financing before, so any info you can provide would be helpful.

If you got pre-approval for an auto loan before going to the dealer, all you should need to focus on is finding the right vehicle for the right price. After you and the dealer have agreed on a purchase price, the dealer will work directly with your lender to get paid.
If you’re getting a loan through the dealership, then the dealer will work with a lender to arrange a loan for you and receive the money.
Johnny Puckett
Answered on Mar 12, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.

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