Dealer Financing
Unfortunately, credit is a major qualifier for these introductory interest rates and those individuals with poor credit usually don't qualify and may not qualify for dealer financing at all.
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The interest rates offered by finance companies can vary depending upon the particular company, and may or may not be better than those rates offered by banks.
Another option that may or may not be available depending upon where you live and where you're purchasing your new car or truck from is dealer financing. This financing option is usually done through a third party that the dealer utilizes or via the automobile company itself, and allows you to make payments on your car or truck at the same place where you purchase it. In cases where the financing is done through the company itself,
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One final option that many people overlook is online financing. Online lenders operate without much of the overhead that physical lenders have to pay,
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Online lenders may have certain requirements that must be met in regards to the vehicle being purchased or where it's being purchased from,
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Online Lenders
Despite the occasional higher interest rate, there are advantages to utilizing finance companies… as an example, finance companies do tend to offer loans to individuals who have poor credit, unlike some banks.