Chase Bank or a Lexus Dealership?
Usually dealership, but you can also try a line of credit from your bank, buts best to ask the bank yourself and see the amount of credit they can give you and at what rate. Dealership loans are actually through banks, it just seams to be easier to get approved
Neither. find a Credit Union and they will have the best deals guaranteed. The worst you can do is go with the dealers' finance department. The second worst would be Chase and your best option is a Credit Union.
The dealer. They work with dozens of lenders and are able to shop you loan around. Also the lenders will give the dealer a preferred rate via the indirect lending department. That means you will get a rate with a certain bank that you could not get just by walking into you local bank,
There's a lot of ifs here. If you have good credit, if there are no low or zero APR finance offers through the dealer, you are almost always better off with your local credit union or bank. If all of that stuff is not true, probably the dealer. Unlike a bank, they are motivated to get a loan approved for you (they can only sell you a car if they do). Dealerships will lend to people that banks will not. If the manufacturer is running a promotional financing special, that's a sale offer (to entice you to buy the car) that you also can't get from the bank. Bottom line - knowledge is power, and shop around. Get pre-approved for a car loan (and know your rate) from your bank or credit union before you ever set foot on a dealer lot. Simply getting pre-approved doesn't mean you have to take it. If the dealer can beat your pre-approval, great. If not, stick with that. If you want an even better loan deal, get pre-approvals from a few different places. Shop around for a loan, the same way you shop around for a car. Go with whomever gives you the best deal, which may or may not be the dealership.
