What's the Best Place to Get a Car Loan?

Is it time to go car loan shopping around New York, NY? What’s the best place to get a car loan—the local bank or dealership? Our finance team is here to help you make an auto loan decision! We discuss the benefits of auto financing with a bank and with us, your dealership in Secaucus. What’s right for you depends on your preferences, credit score, and budget. Let us know if you have any questions for our finance experts. They are always ready to assist area drivers and ensure they score the best deals!

Before You Start Car Loan Shopping…

If you’re unsure where to get a car loan, take a moment to learn more about your options. Generally, auto financing opportunities fall into two categories:

• Financing “in-house” through your dealership
• Financing with a bank or North Bergen-area credit union

Neither is objectively the best place to get auto financing, but one may offer more benefits for a buyer in your situation.

Benefits of Financing With Your Dealership

• Your dealership has relationships with a variety of lenders in the Union City area. They will apply for loans on your behalf and help you secure the best rates available.
• Car loan shopping is easier with your dealership! Instead of applying to multiple lenders yourself, you’ll only need to fill out a single application form.
• If your credit score isn’t as high as you’d like it to be, working with your dealership can make it easier to get approved.
• Most dealerships offer special incentives and finance deals.
• Your dealership may be open to negotiating your down payment amount.

Benefits of Car Loans from Your Bank

• You may be eligible for financial benefits if you have a longstanding relationship with your bank or credit union.
• Many banks offer set interest rates for auto financing.
• It may be possible to set a flexible payment schedule.

Learn More About Auto Financing at United Ford

Do you have any questions about the best place to get a car loan? Are you ready to go car loan shopping with United Ford? Get started today! Call 551-347-5678 or message us online. For more helpful financing information, review our guides on how to calculate the interest rate on a car loan and how to refinance a car loan.