Dealership vs. Bank Auto Loan: Pros and Cons Explained
Finding the perfect vehicle is only half the battle; figuring out the smartest way to pay for it is just as important. When you’re ready to finance a new or used vehicle, you generally have two routes: getting a direct auto loan from a bank or credit union, or securing financing straight through the dealership. The short answer: A bank loan offers the comfort of an existing financial relationship and the ability to get pre-approved before you shop. Dealership financing, however, offers unmatched convenience, access to promotional interest rates (sometimes as low as 0%), and the ability to submit your application to dozens of competing lenders at once to find the absolute lowest rate. Here is a breakdown of the





