Bank or Dealership: What’s the Best Place to Get a Car Loan?

 

Many car shoppers are hoping to score the best possible deal on their next new or used Toyota. This is why they often ask: “Where is the best place to get auto financing?” Brent Brown Toyota is jumping into that topic and exploring your options as you’re looking for a car loan around Provo.

 

 

Car Loan Shopping

If you are wondering where to get a car loan, you have two main options when car loan shopping:

  • The dealership where you’re purchasing your vehicle
  • Your bank

Both of these options offer different benefits to shoppers.

handing keys to couple

 

Car Loans From a Dealership

One of the best places to obtain a car loan is the dealership you’re purchasing your vehicle at.

  • Dealers can help you determine if leasing vs. buying is right for you.
  • Dealerships work with multiple lenders to help you get the best rates.
  • It is easy to apply. You only need to fill out one form to get multiple options.
  • Since multiple lenders are competing for your business, you can end up getting a better rate.
  • Some dealerships offer options for those who have issues with credit.
  • The dealership may offer financing incentives.
  • You may be able to negotiate your down payment when financing with the dealership.

Car Loans From Your Bank

When deciding on where to get a car loan, you may think of going to your local bank around Draper first. Speaking with your dealership before applying at your bank is actually great because each dealership has different financing partners. If you have less-than-perfect credit, you will have a harder time obtaining a loan with a bank. Even so, there are some benefits, including:

  • You have a pre-existing relationship with your bank.
  • There are often set interest rates.
  • You may be able to set a flexible payment schedule.

Discuss Your Financing Options at Brent Brown Toyota

Are you ready to enhance your Lehi commute? If you have additional questions about your financing options or would like to hit the Orem roadways for a test drive, give our team a call today! The experts in our finance center are ready to answer any questions or concerns you have.

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(801) 224-1320

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1400 Sandhill Rd. • Orem, UT 84058

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Brent Brown Toyota
Brent Brown Toyota
1400 Sandhill Rd.
Orem, UT, 84058 United States
(801) 224-1320
https://www.brentbrowntoyota.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png
Brent Brown Toyota 40.2711287, -111.7126181.