The majority of auto loans are provided by a dealership and often they can be your best choice. Dealers will sometimes offer special incentives such as a low interest rate, rebates and sometimes they may offer extras for free. And, some may even offer free gas or free road side assistance for a certain time.

Sometimes obtaining a loan from a bank or other lending institution can take several days. When you finance a car through the dealership it’s often much quicker to get approval. You could literally find the car you want and be driving it home the same day.

Another advantage is that instead of having to wait to sell your existing car to get money to use toward the new car, they will give you a trade-in value.
If you’ve ever tried to sell a car then you know it can take a lot of time. By trading the car in you’ll get instant money toward your new car.