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.
Answer provided by
Answered on Mar 12, 2021
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.
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