Is the dealer a better choice for financing on a certified pre-owned vehicle?

I want to purchase a certified pre-owned vehicle from Honda. The rates seem almost unrealistically low, but I'm still not sure if I should go through the dealer or the bank. Is the dealer the better option, or should I shop around?

“As with any loan, be it a car loan, mortgage, or something else, shopping around is always a good idea.
However, it’s important to note that many dealers can offer superb rates on certified pre-owned vehicles due to incentives, rebates, and bonus cash.
Similar to car insurance, you should shop around for other rates. There’s no guarantee that you’ll find a better rate than the dealership, but it’s still worth a look.
Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the free Jerry app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”
Eric Schad
Answered on Aug 02, 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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