When you apply for an car loan, do you get the same answer/amount no matter where you go?

I applied at my credit union for an car loan and they gave me an answer of X amount. If I go straight to a car dealer about car financing/loans, will they give me the same answer of X amount? That being said, is it the same everywhere or do businesses/credit unions/banks each have their own unique judgement?

When you apply for an car loan, do you get the same answer/amount no matter where you go?

YOU NEED A PERSONLIZED BANK. WHEN IT IS ON A PERSONAL LEVEL, THEY CAN SIDESTEP GUIDELINES.

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When you apply for an car loan, do you get the same answer/amount no matter where you go?

Usually a credit union will give you a better rate. A car dealer will run your application through several different financing options and it%26#039;s up to the individual bank/loan company as to the X amount.

When you apply for an car loan, do you get the same answer/amount no matter where you go?

Just applying for credit too many times at too many places can give you a bad credit rating.

Take the smallest amount you can, at the cheapest rate, and check for fees. Don%26#039;t waste money on a car loan. If you take a big loan, you%26#039;ll be paying mostly interest -- usually sometimes double the amount you borrowed. Wouldn%26#039;t you rather spend that money on other stuff?

Google some loan repayment calculators and have a look at how much you%26#039;ll end up repaying.

When you apply for an car loan, do you get the same answer/amount no matter where you go?

Yes, each place has their own lending requirements and standards. Some places will look at all three of your credit scores, some only use one, such as Equifax, which is normally the lowest. They may also have a custom score, derived from the credit report. There are other factors as well...such as your debt to income ratio. Some places may be willing to lend more or less based on what level of risk their company is comfortable with. However...keep in mind that every time you apply somewhere, your credit is pulled which is called an inquiry and each inquiry lowers your score...so don%26#039;t go apply everywhere or it will really hurt you in the end. You can pull your own credit score online and that does not lower your score. I would suggest doing that and then going to a few places and seeing if they would give you a ball park figure based on the credit score you know you have..since you just pulled it. They won%26#039;t be able to promise you a certain rate or amount without pulling your credit but they might be able to give you some idea. Hope that helps!

When you apply for an car loan, do you get the same answer/amount no matter where you go?

Save up and pay cash for your car. If you can%26#039;t afford to pay for a new car with cash, then you can%26#039;t afford it. You won%26#039;t get ahead financially if you pay interest (for several years) on a car that is losing value everyday that you drive it.

When you apply for an car loan, do you get the same answer/amount no matter where you go?

Getting a new car loan is not easy though it can be the easiest way to attain your dream car. There are many players in the car finance industry and for the consumer choosing the best%26lt;!--type of loan is a difficult task. Many factors have to be considered before taking up a car loan. Whether you want to take up a loan or not, will depend upon the car you want to buy.

http://best-loans.awardspace.com/guarant...

Since the rates of interest on different cars vary so the type of loan that you need will depend on the car you want.The total cost of the new car loan does not include only the interest payable but also--%26gt;extra charges such as processing, transaction fees, documentation fees or any other fees. So one has to confirm with the financer as to the other charges that accompanies an auto loan.