So when I have enough saved up to pay off my current car loan, my wife and I want to get a brand new car.
Dealer loans tend to have pretty bad interest compared to banks like JA.
But how does getting a loan from a bank to buy a car work? With a dealer it’s easy.
Do I go to the bank first? Or the dealer to get a quote?
I don’t want to waste the dealer’s time.
If I go to the bank first, do I get a range of what I’d be approved for and use that to purchase a new car?
What about trade in for the current car? If there is any balance remaining on the current car’s loan would I need to pay that off or could I use some of the balance of the new loan to cover what I owe?
by Drivinginjapan