Direct vs Dealership Financing

Direct vs Dealership Financing

Direct: Obtain a loan directly from a finance company, bank, or credit union. Payment is sent directly to the lender. Benefits: find competitive interest rates. some financial institutions offer discounted rates to their customers. Dealership: Dealer collects information from you and arranges the financing with the lender on your behalf. Sells the contract to the financial institution which will collect your payment. Benefits: dealer does the work for you and may offer competitive terms. dealerships may offer flexible options if you have poor/new credit.