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Frequently asked questions
- Are car loans available at banks and credit unions right now?
Yes, you can get a car loan directly from a bank or credit union.
- Are car loans available at new auto dealerships right now?
Yes, the dealership can get you a car loan from a bank or a credit union.
- Where can dealerships get car loans from?
Dealerships can get car loans from banks, credit unions and other lenders like automaker credit finance companies.
- What if my bank turned me down?
Dealerships can use their diversified loan portfolios with many lenders to choose from to find you a loan for a new or used auto.
- Is this really a great time to buy a car or truck from a new auto dealer?
Yes, because interest rates are extremely low, some 0% financing is available, there are large factory rebates, end of year savings and gas prices are falling close to $2.00 per gallon.
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