My family needs a second car. I’m thinking about a used Chevy Bolt or Nissan Leaf so I think the cost will be about $20,000.

What’s a good source for financing? I was thinking about getting a loan from my bank, Chase. But I see there are also lenders that specialize in car loans, and there might be dealership options? My credit score is over 700.

  • 1couchpotato@lemmy.dbzer0.com
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    2年前

    Local credit unions are typically your best bet. In particular, if you have access to navy federal credit union, it’s extremely easy to get approved and walk out with a pre-approval check in 30 minutes to buy your car now while you continue to shop around for rates.

  • deegeese@sopuli.xyz
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    2年前

    Get an offer from your local credit union, then tell the dealer’s finance guy you will use his bank if he can beat the rate.

    • CmdrShepard
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      2年前

      This is the way to go. Find the car you want online first, secure financing from a local CU second (shop around), and then go to the dealership third. Don’t walk in without the financing or they’ll give you some BS high rate even with excellent credit.

  • odium@programming.dev
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    2年前

    Contact some local credit unions and see what rates they offer. Also, if you’re getting a certified pre owned, check what the dealership offers.

  • hallettj@beehaw.orgOP
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    2年前

    Ok, I’m seeing overwhelming recommendations for local credit unions. Thanks everyone!

  • HughJanus@lemmy.ml
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    2年前

    Big banks are notoriously shady institutions. Wells Fargo, Chase, B of A, etc. Fortunately these are one of few modern shitty things that are very easy to avoid by working with a credit union.