Is it better to borrow from car loan companies or banks?

There are so many lending options for car loans that I don't know what to do. Should I get a loan from a car loan company or bank?

Answer
Auto loans are not one size fits all, so your choice of lender really depends on your needs, credit history, and relationship with your bank.
If you have a good relationship with your bank, you may be able to get a loan with more favorable terms. However, if you have a good credit history, it may be easier to get those same terms from the comfort of your living room by applying with online lenders.
The real important thing here is that either option is going to be better than relying on dealer financing.
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Johnny Puckett
Answered on Mar 08, 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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