Various Lenders

by BRENDA MOORE

Car loans can be obtained from a few different lenders. You first option for these advances is going to be the dealership. The dealership is going to look for loan officers that will take the vehicle advance or deal the car dealership has offered. These lenders are often various banks like Compass Bank, Wells Fargo, Chase, Bank of America and others. The vehicle dealership is going to try and find the best interest rate they can for your advance.

Your second option is trying to find a private lender. This private loan officer can also be a bank that you are used to dealing with, or a company that purchases these types of loans privately. If you are going to find your own vehicle advance you will need to have it in process before you actually shop for the vehicle. You will want to make it known to the vehicle dealership that you already have a check for the vehicle or can have one on that business day.

When you take a private lender over a vehicle dealership for a car loan, you will have to have an idea on how much the vehicle will cost with taxes included. This can be done by shopping around for vehicles first or going through a sale by owner deal. In some cases the private lender will send the money directly to the vehicle dealership you are working with rather than send you the check. It will depend on how you would like it processed and how close you are to finding the vehicle.

You can also find loan officers online. These loan officers can be banks or private institutions. Online you will want to make sure you are working with a reputable dealer by checking the information provided on the website. There are many options you have for finding various lenders for car loans. Brenda is the owner of Car Insurance Quote website. She posts the latest car insurance news, new car insurance quotes, and Old Car insurance quotes.