Where's the best place to apply for a car loan as a first-time buyer?

"I just moved back to the US after teaching abroad, and I'm looking to buy my first new car. Where's the best place to start shopping for a car loan?"

“You should probably start at a credit union. As a nonprofit organization, a credit union can usually offer a lower rate than any other institution.
But don’t stop there. Many dealers, banks, and other lenders have promotional APRs. The more digging you do and the more you comparison shop, the better your rate will be.”
Eric Schad
Answered on Jul 23, 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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