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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?"
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.”
View full answer
- Gregory R.
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