What is better to finance a Honda Accord through, the dealership or a bank?

My husband and I are in need of a new car. I can finance through the dealership at 4.99% for 60 months, but other people have told me to go through a bank or credit union. Which is the better option?

Answer
“Just like you would with car insurance, you’ll want to shop around for lenders.
Do your research before taking the dealer’s word that they have the best financing for your Honda Accord. Take a look at banks, credit unions, and other lenders.
In some cases, getting preapproved by a bank or credit union is a sound idea because it gives you a bargaining chip to use with the dealer. With an offer already in hand, it’s up to the dealer to negotiate a better deal.
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.”
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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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