Best Place to Get a Car Loan: Bank or Dealership?

Car salesman reviewing an auto loan with a young couple

Gadsden drivers make a lot of decisions when acquiring a new car. Once they’ve decided between buying or leasing, then the car-shopping begins! Let’s say you’ve compared the 2020 RAM 1500 to the Chevy Silverado and you know the RAM is the truck for you. Now it’s time to go car loan shopping. If you’re asking yourself about the best place to get a car loan, keep reading for advice from CDJR of Albertville

Where to Get a Car Loan: Bank

When deciding on where to get a car loan, you might consider your local bank in Huntsville. Speaking with your dealership before applying at your bank is a good idea because each dealership has different financing partners. This will give you multiple options to choose from. If you have less-than-perfect credit, a bank might not be the best place to get auto financing. Despite this, there are some benefits, including:

  • Even with bad credit a bank might be the best place to get a car loan if you have a pre-existing relationship with them.
  • There are often set interest rates.
  • If you need a flexible payment schedule a bank might be the best place to get auto financing.

When the Dealer Does the Car Loan Shopping

When you wonder where to get a car loan and you opt for the dealership where you purchase your car, you’re definitely going to get the bonus of streamlined convenience, along with lots of other perks for Fort Payne drivers such as:

  • Dealers can help you determine what cars in their inventory best fit your budget and driving needs.
  • Dealerships work with a variety of lenders to get you the best rates possible. They do the car loan shopping for you.
  • It is easy to apply. You only need to fill out one form to get multiple options for finding the best place to get a car loan.
  • Multiple lenders are competing for your business, which can lead to a better rate.
  • Some dealerships offer options for those who have issues with credit like bankruptcy or bad credit.
  • The dealership may offer financing incentives.
  • You may be able to negotiate your down payment when financing with the dealership.

Get Financing Help with CDJR of Albertville!

Find out if CDJR of Albertville is the best place to get auto financing. Contact our finance department today.

Contact Us


Call Now

6764 U.S. 431 • Albertville, AL 35950

Get Directions

Today's Hours:

Open Today! Sales: 9am-5pm

Service: Closed

CDJR of Albertville 34.301193, -86.276388.