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 provided by
Johnny Puckett
Answered on Mar 08, 2021
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.
Car Loans

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies