I just got a loan from JP Morgan Chase for a used 2000 Audi A6 with 88,000 miles. The dealer told me that because its expensive to work on he would suggest a waranty. But also because it has a Turbo engine, it would be pointless for me to go with a basic one. The [...]
Posts Tagged ‘dealer’
Planning to buy a new car, Bank loan or Dealer loan?
I am planning to purchase a new car from toyota….i heard that auto loans that are not from the dealer have a way lower apr rate (capital one or HSBC). What would be the best way to go? loan with the dealer or a bank.
If I get an auto loan from a bank. . . does the down payment go to the dealer or the bank?
Most (if not all) banks require you to take out $7,500 or more for an auto loan. I am looking at a $7,800 car and want to put down $2,000. If the down payment goes to the bank, I would still be eligible…but if it goes to the dealer, wouldn’t I only be taking out [...]
Does anyone know why Bank of America won’t finance an auto loan for an independent used car dealer?
I applied for an auto loan and was approved, but once I sent in my purchase agreement my loan rep said that they would only finance auto loans for franchise dealers – no independent used car dealers. I know the car and the dealership are fine. I have the carfax report on the car and [...]
How would an auto loan work if you wanted to be financed through your bank and not the car dealer?
Would I have to get the bank loan first then pay the dealer?
Independent Dealer Auto Loan?
I’m looking to purchase a car from an Independent Dealer and am having a hard time finding an auto loan for such. I have a 754 Credit Score and Live in Maryland but will buy my car in Virginia because its cheaper. Can someone point me in the right direction to find a loan [...]
Getting an auto loan direct from a lender rather than the car dealer?
I applied online for an auto loan with Capital One Auto Finance (capitalone.com/autoloans) and got approved for a low rate. They sent me a Blank Check that I can just sign over to the car dealer and cut out the usual auto financing hassles. It lets me negotiate like a cash buyer and ensure a [...]
