, but that isn’t always the case. Shopping around is always the best idea when you’re financing a vehicle.
You should always start with banks and credit unions to get preapproval. Once you have this, you know how much you can spend and may even be able to use the preapproval as a price negotiation tool.
After you’ve picked out a vehicle, the next step is to see what the dealer can do. Sometimes dealerships will offer promotional APRs as low as 0%! As a result, asking will never hurt. Once you’ve shopped rates, you can make the best choice for your financing needs.
And since you’re shopping financing rates, don’t forget to peruse the market for your car insurance! One easy way to do this is through the
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.